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What is Shannon Wiley looking forward to at this year's Asembia Specialty Pharmacy Summit? Find out more>


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Experience Spotlight

Primary Care Providers Win Challenge of CMS Interpretation of Enhanced Payment Law

With the help and support of the Tennessee Medical Association, 21 Tennessee physicians of underserved communities joined together and retained Bass, Berry & Sims to file suit against the Centers for Medicare & Medicaid Services to stop improper collection efforts. Our team, led by David King, was successful in halting efforts to recoup TennCare payments that were used legitimately to expand services in communities that needed them. Read more

Tennessee Medical Association & Bass, Berry & Sims

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Thought Leadership

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Download the Healthcare Fraud & Abuse Review 2017, authored by Bass, Berry & Sims

The Healthcare Fraud & Abuse Review 2017 details all healthcare-related False Claims Act settlements from last year, organized by particular sectors of the healthcare industry. In addition to reviewing all healthcare fraud-related settlements, the Review includes updates on enforcement-related litigation involving the Stark Law and Anti-Kickback Statute, and looks at the continued implications from the government's focus on enforcement efforts involving individual actors in connection with civil and criminal healthcare fraud investigations.

Click here to download the Review.

M&T Bank Settles CFPB Charge of Deceptive Advertising of "Free Checking" Account


November 10, 2014

Manufacturers & Traders Trust Company (M&T Bank) has agreed to entry of a Consent Order with the Consumer Financial Protection Bureau (CFPB) agreeing to pay a minimum of $2.245 million dollars and implement a variety of non-monetary procedures resulting from M&T Bank's advertising of a "free checking" account product. The CFPB determined M&T Bank had deceptively advertised a free checking account product to customers by withholding important eligibility information.

The CFPB concluded that between 2009 and 2012 M&T Bank deceptively advertised the checking account as being free with "no strings attached," but did not disclose in its advertisements that a minimum monthly balance was required nor that customers had to maintain a minimum level of account activity. M&T Bank automatically converted customers who failed to qualify to another checking account product resulting in monthly maintenance fees ranging from $5 to $14 dollars per month.

This is the CFPB's first Consent Order and settlement involving deceptive marketing of checking accounts.

Additional information and a copy of the Consent Order may be obtained by contacting the author or any member of our Financial Services Practice Group.

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