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Latest News in Banking

  • December 02, 2022

    Biden Tells Justices Texas Judge Erred Axing Debt Plan

    The Biden administration on Friday asked the U.S. Supreme Court to stay a Texas federal judge's ruling that struck down his student debt relief plan, arguing that the lower court relied on a claim that wasn't even asserted by the program's challengers.

  • December 02, 2022

    Fed Is Latest To Pitch Climate Risk Guidance For Big Banks

    The Federal Reserve on Friday released a proposal laying out high-level guidance on climate risk management for large banks, becoming the latest banking agency to begin sketching out expectations for financial institutions' efforts to prepare themselves for potential climate change impacts.

  • December 02, 2022

    Dismissing Bias Suit Would 'Gut' Fair Housing Act, Judge Told

    A Black career attorney in Illinois asked a federal judge to deny a mortgage lender's request to dismiss a class action suit accusing it of racially biased lending, arguing the dismissal would raise the pleading standard for housing discrimination allegations to an "impossible" level.

  • December 02, 2022

    CFTC Warns Overseas Swap Dealers To Heed Reporting Rules

    The U.S. Commodity Futures Trading Commission said Friday that many foreign swap dealers are filing substandard compliance reports that could land them in hot water with the agency, issuing an advisory reminding them of their obligations under U.S. law. 

  • December 02, 2022

    Attys' $39M Fee Bid Granted In Interest Rate Case

    The Lowey Dannenberg PC attorneys who brokered a $91 million settlement of investor claims that 13 major banks manipulated two Singapore interest rate benchmarks will receive nearly $38.9 million from the overall $155 million settlement fund for their work on the case, a Manhattan federal judge has decided.

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