On July 20, a Maryland District Court dismissed a proposed class-action lawsuit accusing a national bank of charging excessive interest rates to credit-card customers. See Strange v. Capital One,
N.A., Civil Action No. 25-2711-TDC, 2026 WL 2085917 (filed July 20, 2026). The plaintiff had alleged that the bank knowingly collected credit card interest from class members at a rate exceeding the
maximum permitted by Virginia law and thereby violated the National Bank Act, (NBA) 12 U.S.C. §§ 85-86.1 Capital One filed a Motion to Dismiss the Amended Complaint, which the court granted.
Month: July 2026
Ohio Enacts Update to UCC to Address Digital Assets
This week the Ohio Governor signed Ohio H.B. No. 195 into law to revise the Ohio Uniform Commercial Code (“UCC”) to address digital assets and other emerging technologies. The bill will become effective 90 days after it is filed with the Ohio Secretary of State. The Ohio UCC update bill is based on the draft bill created by the Uniform Law Commission and enacted in other states. The provisions in the bill include: