William Lyons v. PNC Bank

26 F.4th 180
CourtCourt of Appeals for the Fourth Circuit
DecidedFebruary 15, 2022
Docket21-1058
StatusPublished
Cited by6 cases

This text of 26 F.4th 180 (William Lyons v. PNC Bank) is published on Counsel Stack Legal Research, covering Court of Appeals for the Fourth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
William Lyons v. PNC Bank, 26 F.4th 180 (4th Cir. 2022).

Opinion

PUBLISHED

UNITED STATES COURT OF APPEALS FOR THE FOURTH CIRCUIT

No. 21-1058

WILLIAM T. LYONS, Individually and on Behalf of Others Similarly Situated,

Plaintiff - Appellee,

v.

PNC BANK, National Association,

Defendant - Appellant. ———————————

CONSUMER FINANCIAL PROTECTION BUREAU,

Amicus Curiae.

No. 21-1289

WILLIAM T. LYONS, Individually and on Behalf of Others Similarly Situated,

Plaintiff – Appellant,

Defendant – Appellee. ———————————

Amicus Curiae. Appeal from the United States District Court for the District of Maryland, at Baltimore. Stephanie A. Gallagher, District Judge. (1:20-cv-02234-SAG)

Argued: October 28, 2021 Decided: February 15, 2022

Before GREGORY, Chief Judge, QUATTLEBAUM, Circuit Judge, and FLOYD, Senior Judge.

Affirmed in part, reversed in part by published opinion. Chief Judge Gregory wrote the majority opinion, in which Senior Judge Floyd joined. Judge Quattlebaum wrote a separate opinion concurring in part and dissenting in part.

ARGUED: Daniel J. Tobin, BALLARD SPAHR LLP, Washington, D.C., for Appellant/Cross-Appellee. Ellen Louise Noble, PUBLIC JUSTICE, Washington, D.C., for Appellee/Cross-Appellant. Kevin E. Friedl, CONSUMER FINANCIAL PROTECTION BUREAU, Washington, D.C., for Amicus Curiae. ON BRIEF: Matthew D. Lamb, BALLARD SPAHR LLP, Washington, D.C., for Appellant/Cross-Appellee. Scott C. Borison, BORISON FIRM LLC, San Mateo, California; Phillip R. Robinson, CONSUMER LAW CENTER LLC, Silver Spring, Maryland; Karla Gilbride, PUBLIC JUSTICE, Washington, D.C., for Appellee/Cross-Appellant. Stephen Van Meter, Acting General Counsel, John R. Coleman, Deputy General Counsel, Steven Y. Bressler, Assistant General Counsel, CONSUMER FINANCIAL PROTECTION BUREAU, Washington, D.C., for Amicus Curiae.

2 GREGORY, Chief Judge:

William Lyons, Jr. filed suit against PNC Bank, N.A., alleging violations of the

Truth in Lending Act (“TILA”) related to PNC’s set-off of funds from two of Mr. Lyons’s

deposit accounts to pay the outstanding balance on a Home Equity Line of Credit

(“HELOC”). PNC moved to compel arbitration of the dispute based on an arbitration

provision in the parties’ agreement applicable to the two deposit accounts, and the district

court granted the motion as to one account and denied the motion as to the other account.

We find that a provision of the Dodd-Frank Wall Street Reform and Consumer

Protection Act (“Dodd-Frank Act”) that amends TILA prohibits consumer agreements

related to residential mortgage loans from requiring the arbitration of claims. Because we

find that this provision precludes arbitration of Mr. Lyons’s claims related to both of his

deposit accounts, we affirm in part and reverse in part.

I.

Mr. Lyons opened a HELOC with National City Bank on February 4, 2005. J.A.

32–33. To do so, he signed an Equity Reserve Agreement that did not contain an arbitration

provision. J.A. 80–84. Five years later, on May 3, 2010, Mr. Lyons opened three deposit

accounts at PNC Bank. 1 J.A. 32. One of those deposit accounts was an account ending

2553 (“2010 Account”). J.A. 34, 44. In opening the 2010 Account, Mr. Lyons signed a

document that stated he was “bound by the terms and conditions of PNC Bank’s Account

1 PNC Bank merged with National City Bank in November 2009, and all parties agree that PNC is the successor-in-interest to National City. 3 Agreement for Checking Accounts and Saving Accounts” (“2010 Account Agreement”).

J.A. 32, 44. The 2010 Account Agreement included a provision authorizing PNC to set off

funds from the account to pay “[a]ny loans, overdrafts, obligations or other indebtedness

. . . now or hereafter owing to us by you.” J.A. 176. It also included a clause allowing

PNC to amend the Account Agreement and explaining the procedures it must follow to do

so. 2 See J.A. 177.

In 2013, PNC added an arbitration clause 3 to the Account Agreement. J.A. 160,

211–13. The amended version of the Account Agreement (“2013 Account Agreement”)

stated that it took effect on February 1, 2013, but customers were given forty-five days to

opt out of the arbitration provision. J.A. 199, 211–12. PNC kept track of the opt-out

deadline for each customer, and its records show that Mr. Lyons had until June 11, 2013,

to opt out of the arbitration provision. J.A. 161.

2 The provision states in relevant part:

We reserve the right to amend this Agreement . . . from time to time. Unless such change is favorable to you or is required by an emergency situation . . . , an amendment will become effective 30 days (or such later time if required by law) after notice of the amendment is posted in our branches, or by such other method of notice as we may deem appropriate or as may be specifically required by applicable law.

J.A. 177 (emphasis added). 3 The relevant arbitration clause states:

Under the terms of this Arbitration Provision . . . , Claims (as defined below) will be resolved by individual (and not class-wide) binding arbitration in accordance with the terms specified herein, if you or we elect it.

J.A. 211. 4 Mr. Lyons opened another deposit account with PNC Bank on June 6, 2014 (“2014

Account”) 4 and again agreed to be “bound by the terms and conditions” of the 2014 version

of the Account Agreement, which included the same arbitration clause as in the 2013

version. J.A. 162. Mr. Lyons was again provided an opportunity to opt out of the

arbitration provision and did not. Id.

Mr. Lyons’s HELOC ended on February 4, 2015, as expected, but he did not finish

paying off the credit until June 17, 2020. J.A. 33–34. On September 26, 2019, PNC applied

a set-off of $1,396.97 from Mr. Lyons’s 2010 Account to pay the overdue HELOC

payment. J.A. 17, 34. On February 26, 2020, PNC applied another set-off of $1,589 from

the 2014 Account, which was also used to make a payment on the HELOC. J.A. 18; 23–

25; 35.

Mr. Lyons filed suit against PNC in Circuit Court in June 2020 raising claims under

TILA. 5 J.A. 12–29. PNC removed the suit to federal court and filed a motion to compel

arbitration. J.A. 90–106. In its filings, PNC discussed only the most recent, August 11,

2019, version of the Account Agreement. Id.; J.A. 30–89. On November 15, 2020, after

the matter was fully briefed, the district court requested supplemental briefing on two

questions: “(1) whether the Arbitration Clause existing in the 2019 version of the Account

Agreement also existed in the Account Agreement at the time [Mr. Lyons] opened the

4 The district court refers to this account as the “2016 deposit account” because PNC initially incorrectly informed the court that the account was opened on July 6, 2016. The differing dates, however, are not material to this appeal. 5 Mr. Lyons also raised claims under the Real Estate Settlement Procedures Act but those are not at issue in this appeal. J.A. 25–26. 5 accounts in 2010 and 2016; and (2) if not, whether [Mr. Lyons] can be considered bound

to an Arbitration Clause added to the Account Agreement after the accounts were opened.”

J.A. 141; see also J.A. 107–22; 123–40. Both parties submitted supplemental memoranda

simultaneously on December 1, 2020. J.A. 143–280; 281–85. PNC’s supplemental

memorandum described for the first time the various versions of the Account Agreement.

J.A. 143–55.

On January 6, 2021, the district court issued a memorandum opinion granting in part

and denying in part PNC’s motion to compel arbitration. J.A. 290–96; 302. The court found

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