A number of banks facing a rate-fixing litigation are facing calls to produce key regulatory materials, with the plaintiffs alleging that the banks have so far been resistant to provide the data. The case is being brought by two groups representing customers who were charged interest rates as high as 25 percent on their savings accounts in New York and California.
A number of banks facing a rate-fixing litigation are facing calls to produce key regulatory materials, with the plaintiffs alleging that the banks have so far been resistant to provide the data. A New York federal judge will now rule on whether the banks are compelled to release the data.