In The News Today – October 16, 2015

A New Jersey federal district court had dismissed a Telephone Consumer Protection Act (TCPA) lawsuit against Bank of America by New York resident Mark Leyse, saying he lacked standing under the TCPA “because he picked up a call meant for his roommate.” The 3rd District Court of Appeals, however, has overturned that dismissal, saying consumers “have standing to sue under federal law even if they were called unintentionally.” (Reuters)

The Consumer Financial Protection Bureau’s (CFPB) proposal to ban the use of arbitration to resolve consumer disputes may come down “simply to whether the (bureau) can now make rules that run directly counter to clear Supreme Court findings,” said Matt Adler, a law professor at the University of Virginia and chair of the arbitration practice at Pepper Hamilton law firm. (Credit.com)