2024 Class Action Litigation Outlook Webinar

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2024 Class Action Litigation Outlook Webinar

May 16 @ 2:00 pm - 3:15 pm

Join Us on May 16, 2024, from 2:00 pm – 3:15 pm EST

The NASCUS Legislative & Regulatory Affairs Committee is hosting a webinar to survey the latest trends in class action litigation in the financial services sector. We’ll also address recent litigation against the Consumers Financial Protection Bureau (CFPB) late fee rule and the recent District Court decision ruling the Corporate Transparency Act unconstitutional.

Guest speakers will include: Fred Burnside and Thomas Kost (Davis Wright Tremaine LLP).

There is no fee to participate. This complimentary webinar is open to NASCUS members as part of our ongoing series of special L&R Calls addressing key issues in the credit union system.

Registration is required. Attendance is free as a NASCUS member benefit.
A virtual meeting link will be sent out ahead of the webinar.

Fred Burnside concentrates his complex civil litigation practice on matters related to class-action defense, consumer financial services, and commercial litigation. His more than two decades as an attorney is distinguished by significant victories in state and federal trial and appellate courts, particularly in actions challenging banking fees and services.

Since successfully defending a pioneer class action lawsuit over insufficient funds (NSF) fee practices, Fred has represented dozens of major financial service providers facing similar claims. He also has the rare experience of taking a financial services class action through a jury trial—and winning. With an established track record of securing outright victory or favorable settlements, Fred has become the go-to attorney for consumer financial service providers facing class action lawsuits challenging fees charged by banks and credit unions.

His leadership at DWT includes serving as the co-chair of the Class Action Defense group and co-chair of the Consumer Financial Services Litigation industry team, and he previously served as the firm’s Deputy Chair of the Litigation Department, Executive Committee member, and on the firm’s Share (Compensation) Committee. He is a co-chair of the ABA’s Annual National Institute on Class Actions, editor of the ABA Class Action Committee’s Annual Survey of State Class Action Litigation, and a member of the American Law Institute.

Thomas Kost draws on his experience as a regulator to guide financial services companies through high-stakes enforcement and supervisory matters, litigation, and compliance challenges. A former staff attorney with the FTC’s Bureau of Consumer Protection, Thomas has extensive experience handling all aspects of complex governmental investigations and litigation involving a wide variety of consumer financial laws. He uses that insight to create a clear roadmap for clients to follow when issues arise and counsels them on the best way to address business concerns throughout the process. He also provides practical advice to clients seeking to mitigate enforcement and litigation risk proactively.

Thomas’s experience spans a range of traditional and emerging financial products and services. While with the FTC, Thomas helped develop the agency’s enforcement strategy relating to small business financing. In private practice, he has represented banks, card issuers, and non-bank financial services providers in matters involving retail deposit products, overdraft services, mortgage lending and servicing, credit cards, and prepaid cards.

Thomas shares the firm’s commitment to providing pro bono legal services. He has represented clients in litigation involving prisoners’ rights and equitable school funding.


May 16
2:00 pm - 3:15 pm




Isaida Woo