Sutherland Asbill & Brennan LLP

Federal Agencies Propose Changes to Rules on Credit Card and Overdraft Services
Lewis S. Wiener, Lawrence A. Dany, Hannah Campbell, Mark W. Yopp, B. Knox Dibbins, June 23, 2008
On May 2, 2008, the Office of Thrift Supervision, the National Credit Union Administration and the Federal Reserve Board issued proposed changes to their respective rules governing Unfair Acts or Practices relating to consumer credit card accounts and overdraft services for deposit accounts.

"Remote Interface" Limitation in Patented Financial Account Application System Not Satisfied by a User's Home PC
William F. Long, Joshua D. Curry, June 22, 2008
A divided panel of the U.S. Court of Appeals for the Federal Circuit recently held that, in an automated account application processing patent, the claim limitation "remote interface" required a computer maintained by the account provider and was not satisfied by the end user's own...

Court Rejects Attempt to Apply ERISA to Fee and "Revenue Sharing" Claims Relating to 403(b) Annuities for Public School Employees
June 22, 2008
Last week, a federal judge in the Western District of Washington ruled on motions to dismiss ERISA claims challenging alleged fees and "revenue sharing" payments relating to annuities issued for public school employees under Section 403(b) of the Internal Revenue Code.