Wisconsin Banking Update
Providing banking news in Wisconsin that Wisconsin Bankers can use. Keep on top of all the banking issues that are affecting Wisconsin in one place. If you would like to receive these updates by email please subscribe by entering your email address on the right. There is no cost and no obligation.
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Guaranty Bank Settles Insurance Lawsuit
Posted on October 20th, 2010 No commentsBrown Deer-based Guaranty Bank has settled a federal lawsuit that accused an insurer of illegally selling the bank mortgage guarantee insurance. In early 2009, Guaranty filed a lawsuit asking the court to let it stop paying premiums to Evanston Insurance Co. of Deerfield, Ill., but nonetheless keep the insurer’s coverage on its home-equity loan portfolio intact, the Milwaukee Journal Sentinel reported. -
Settlement Reached in Housing Lawsuit
Posted on September 24th, 2010 No commentsA tentative settlement has been reached in a long-running dispute in which South Milwaukee attempted to raze an apartment complex that includes affordable housing. The lawsuit, filed by the bank that backed the development and joined by the American Civil Liberties Union of Wisconsin, claimed that to raze the complex would constitute racial discrimination. A jury found that razing the property would have a disproportionate effect on minority and disabled residents in violation of the federal Fair Housing Act. Read the Milwaukee Journal Sentinel article. -
Associated Included in Class-Action Suit
Posted on April 5th, 2010 No commentsA class action lawsuit filed Friday in U.S. District Court questions the way that Green Bay-based Associated Bank calculates and charges overdraft fees when customers use debit cards. Other banks in the lawsuit include bank of America, Citibank, JPMorgan Chase, Union Bank, U.S. Bank, Wachovia and Wells Fargo, the Wisconsin State Journal reported.