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Credit union liable in member withdrawal, court finds
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Case Law, Consumer Protection
Friday, August 28, 2015
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The U.S. District Court for the District of Massachusetts granted an American Airlines Federal Credit Union member’s motion for summary judgment against the union for alleged violations of the Truth in Lending Act and the anti-offset provisions of the Massachusetts Consumer Credit Cost Disclosure Act. The union had withdrawn deposits to pay for a past-due credit bill.
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