Litigation
The Board of Governors was a party in 13 lawsuits or appeals filed in 2024 and was a party in 13 other cases pending from previous years, for a total of 26 cases. In 2023, the Board was a party in a total of 16 cases. As of December 31, 2024, 16 cases were pending.
Pending
Abdullah v. Powell, No. 24-cv-2778 (D. District of Columbia, removed from D.C. Superior Court September 30, 2024), is an employment discrimination case.
Banco San Juan Internacional, Inc. v. Board of Governors and Federal Reserve Bank of New York, No. 23-cv-6414 (S.D. New York, filed July 25, 2023), is an Administrative Procedure Act and constitutional law challenge regarding the termination of a Reserve Bank master account.
Bank Policy Institute et al. v. Board of Governors, No. 24-cv-4300 (S.D. Ohio, filed December 24, 2024), is an Administrative Procedure Act challenge regarding bank stress testing requirements.
Bauersachs v. Board of Governors et al., No. 24-1796 (1st Circuit, filed August 28, 2024), is an appeal of an order dismissing an Administrative Procedure Act and constitutional law challenge regarding monetary policy actions.
Bennett v. Board of Governors et al., No. 24-cv-362 (W.D. Missouri, filed May 24, 2024), is an employment case.
Board of Governors v. Smith, No. 23-cv-2747 (D. District of Columbia, filed September 19, 2023), is a breach of contract and debt collection action.
Bobowicz v. Powell et al., No. 24-cv-246 (W.D. North Carolina, filed November 18, 2024), is an employment discrimination case.
Bogolub v. Board of Governors, No. 24-cv-6806 (N.D. California, filed September 27, 2024), is an action under the Freedom of Information Act.
Corner Post v. Board of Governors, No. 21-cv-95 (D. North Dakota, filed April 29, 2021), is an Administrative Procedure Act challenge to the debit interchange fee provisions of the Board's Regulation II.
Custodia Bank v. Board of Governors and Federal Reserve Bank of Kansas City, No. 24-8024 (10th Circuit, filed April 26, 2024), is an appeal of an order granting judgment to the Board in an Administrative Procedure Act and constitutional law challenge regarding the issuance of a Reserve Bank master account.
Employee Retirement System for the City of Providence v. Board of Governors, No. 24-mc-349 (S.D. New York, filed July 31, 2024), is an Administrative Procedure Act challenge regarding Board confidential supervisory information.
Judicial Watch v. Board of Governors et al., No. 23-cv-1174 (D. District of Columbia, filed April 27, 2023), is an action under the Freedom of Information Act.
Leopold and Bloomberg L.P. v. Board of Governors, No. 23-cv-2004 (D. District of Columbia, filed July 12, 2023), is an action under the Freedom of Information Act.
Linney's Pizza, LLC v. Board of Governors, No. 22-cv-71 (E.D. Kentucky, filed December 9, 2022), is an Administrative Procedure Act challenge to the debit interchange fee provisions of the Board's Regulation II.
Texas Bankers Association et al. v. Board of Governors et al., No. 24-cv-25 (N.D. Texas, filed February 5, 2024), is an Administrative Procedure Act challenge to agency rules implementing the Community Reinvestment Act.
Texas Bankers Association et al. v. Board of Governors et al., No. 24-10367 (5th Circuit, filed April 18, 2024), is an appeal of a preliminary injunction in an Administrative Procedure Act challenge to agency rules implementing the Community Reinvestment Act.
Resolved
Banco San Juan Internacional, Inc. v. Board of Governors and Federal Reserve Bank of New York, No. 23-7558 (2d Circuit, filed October 30, 2023), was an appeal of an order denying a preliminary injunction in an Administrative Procedure Act and constitutional law challenge regarding the termination of a Reserve Bank master account. On February 12, 2024, the court of appeals granted Banco San Juan Internacional's motion to withdraw the appeal.
Bauersachs v. Board of Governors et al., No. 24-cv-10869 (D. Massachusetts, filed April 4, 2024), was an Administrative Procedure Act and constitutional law challenge regarding monetary policy actions. On August 9, 2024, the district court granted the Board's motion to dismiss.
Corner Post v. Board of Governors, No. 22-1008 (U.S. Supreme Court, certiorari granted September 29, 2023), was a review of an order affirming dismissal of an Administrative Procedure Act challenge to the debit interchange fee provisions of the Board's Regulation II. On July 1, 2024, the Supreme Court reversed the dismissal of the case and remanded for further proceedings.
Cunningham v. Board of Governors, No. 22-1311 (D.C. Circuit, filed December 8, 2022), was a petition for review of a Board order approving the acquisition of a bank under the Bank Holding Company Act. On May 7, 2024, the court of appeals dismissed the case.
Custodia Bank v. Board of Governors and Federal Reserve Bank of Kansas City, No. 22-cv-125 (D. Wyoming, filed June 7, 2022), was an Administrative Procedure Act and constitutional law challenge regarding the issuance of a Reserve Bank master account. On March 29, 2024, the district court denied the plaintiff's claims.
Informed Consent Action Network v. Board of Governors, No. 24-cv-1031 (D. District of Columbia, filed April 10, 2024), was an action under the Freedom of Information Act. On August 21, 2024, the case was dismissed pursuant to a stipulation of the parties.
Judicial Watch v. Board of Governors, No. 22-cv-40 (D. District of Columbia, filed January 18, 2022), was an action under the Freedom of Information Act. On June 24, 2024, the case was dismissed pursuant to a stipulation of the parties.
Linney's Pizza, LLC v. Board of Governors, No. 23-5993 (6th Circuit, filed November 8, 2023), was an appeal of an order dismissing an Administrative Procedure Act challenge to the debit interchange fee provisions of the Board's Regulation II. On September 5, 2024, the court of appeals granted the parties' stipulation to remand for further proceedings.
Smith v. Board of Governors, No. 24-cv-17189 (E.D. Pennsylvania, removed from Pennsylvania state court April 24, 2024), was an invasion of privacy claim. On August 28, 2024, the court granted the Board's motion to dismiss.
The Revolving Door Project v. Board of Governors, No. 22-cv-3620 (D. District of Columbia, filed December 2, 2022), was an action under the Freedom of Information Act. On October 9, 2024, the case was dismissed pursuant to a stipulation of the parties