The Justice Department accused Los Angeles-based City National Bank on Thursday of discrimination by refusing to underwrite mortgages in predominantly Black and Latino communities, requiring the bank to pay more than $31 million.
Muncie-based First Merchants Bank and the U.S. Department of Justice have agreed to end a settlement agreement that had been put in place in 2019 after the bank was accused of discriminatory lending practices in certain Indianapolis neighborhoods.
A proposed class-action complaint concerning overdraft fees against Purdue Federal Credit Union will not move forward after the Court of Appeals of Indiana affirmed PFCU’s granted motion to compel arbitration.
A woman who had her class-action complaint against IU Credit Union sent to arbitration has secured a reversal in an interlocutory appeal by the Court of Appeals of Indiana.
COA: ‘Veteran attorney’ guarantor still on hook for loan despite multiple modifications to agreement
A “veteran attorney” who signed as the guarantor of a $600,000 loan is obligated to cover the debt after the borrower defaulted and the Court of Appeals of Indiana found modifications to the loan agreement did not alter his financial responsibility.
A federal jury has convicted a Gary man of armed robbery and a weapons charge in the slaying of a bank security guard last year, prosecutors said Thursday.
Regions Bank for a second time in a decade was found charging illegal overdraft fees, the government said Wednesday, in a settlement that will require the bank to repay $141 million to customers and pay an additional $50 million in fees.
The owners of a southern Indiana Hindu temple who claim they were misled about the acceptable uses of a building they purchased for an intended religious facility failed to demonstrate fraudulent inducement, the Court of Appeals of Indiana has affirmed.
A divided Court of Appeals of Indiana has reversed for a couple it found was not given reasonable notice by their bank of a new arbitration provision included in the terms and conditions attached to the end of their monthly electronic bank statement.
Evansville-based Old National Bank has settled allegations of redlining against Black residents in Indianapolis, agreeing to originate more than $27 million in loans to qualified Black applicants and contributing more than $3 million to create programs to help Black homeseekers secure mortgages and to invest in majority-Black neighborhoods.
3rd judge presides over qui tam complaint against Indiana Treasurer Mitchell as defendants hire attorneys
The whistleblower case against Indiana Treasurer Kelly Mitchell has been unsealed, showing all the defendants, including Indianapolis-based Ice Miller LLP, have hired legal counsel and a third judge is now presiding over the matter after Marion Superior Judge Patrick Dietrick, who handled the case for 11 months, recused himself when the court was notified that his sister-in-law is employed by Ice Miller.
A federal judge on Thursday sentenced former financial executive Kerri Agee, 46, of Noblesville to five years and eight months in prison for her role in a 13-year fraud scheme at the financial services firm she once owned.
A Georgia-based bank waived its right to claim the Marion Superior Court lacked personal jurisdiction over a garnishment case after it placed a hold on a bank account and responded to interrogatories without objection, the Court of Appeals of Indiana has affirmed.
Old National Bank, headquartered in Evansville, has been accused in a federal lawsuit of redlining in the Indianapolis area by making disproportionally fewer mortgages to Blacks, closing branches in predominately Black neighborhoods, and providing Blacks with less information during the mortgage application process.
Victims of Indianapolis businessman Tim Durham, who was convicted in 2012 of running a Ponzi that defrauded investors out of $200 million, have hit another roadblock after the 6th Circuit Court of Appeals rejected an attempt to recoup some of their losses.
Comments are requested by the federal judiciary from members of the public, judiciary and legal community on a set of proposed interim regulations for bankruptcy trustee payments.