Banking Archive » October, 2019

Banking - October, 2019

317 articles

• Split 9th Circ. Says Capital One Must Face FCRA Class Action
• Investors' Chancery Suit Can't Show LendingClub's 'Bad Faith'
• Del. Justices Ax $48M Coverage For Verizon In Spinoff Fight
• Roger Stone Trial Among 3 Worth Tracking Next Week
• Facebook Hit With Age, Gender Bias Suit Over Financial Ads
• Calif.'s Kilby Ruling Sparks Big-Ticket PAGA Seating Deals
• FHFA Constitutionality Case Not Fit For Review, Justices Told
• Students Suing Dept. Of Education Over Loan Relief Win Cert.
• PTAB Sides With AmEx, Finds Reward Points Patent Abstract
• Investors Reach $20M Deal With Banc Of Calif., Drop Ex-CEO
• Cadence Bancorp, Brass To Blame For Stock Drop: Investors
• Class Attys Seek $77.5M In Fees For Equifax Breach Deal
• Madoff Trustee Tells High Court To Let Clawback Ruling Stand
• Forex Trader Tells NY Jury 'Immature' Chats Aren't Criminal
• Robbins Geller To Lead Shareholder Suit Against ATM Maker
• 5 Trends Influencing RFPs For Law Firms
• Federal Banking Bill Won't Solve All Cannabis Industry Woes
• DOJ's $700M Deal Lets 1MDB Suspect's Lawyers Keep $15M
• Insurers Blast 'Improper' Additions To Ocwen ERISA Suit
• BofA Inks Deal To Settle Calif. Mortgage Escrow Interest Suit
• Payments Co. Faces FTC Sanction Bid Over Exec Testimony
• Brafman Firm To Take On Goldman Banker Insider Trading Suit
• Steptoe Welcomes Back Ex-CFTC Division Director As Partner
• Finding Fraud Was College's Job, Not KPMG's, Auditor Says
• Verizon's Visa, Mastercard Swipe Fee Suit Meets Quick End
• Ex-Wells Fargo Worker Admits Role In Film Financing Scheme
• CoinList Secures $10M Investment To Start Crypto Exchange
• SocGen Fires Back At $792M Suit Over Castro-Seized Bank
• IRS Can't Summons Bank Docs In French Probe, Court Told
• BofA Can't Sink Ex-Employee's Off-The-Clock Work Claims
• 'Preposterous' To Say KPMG Skimped On Audit, Jury Hears
• Talk To Us 'Early And Often,' Regulators Tell Fintechs
• NY Diamond Merchant Gets Year For 'Inexcusable' Bank Fraud
• Hinshaw Adds NYS Financial Regulator Alum To NY Office
• Wells Fargo Says DACA Holder Can't Prove Auto Loan Bias
• Roofer Seeks $1.6M For Unpaid FBI Data Center Work
• USAA Patent Suit Against Wells Fargo Headed For Trial
• Baker McKenzie Launches New Regulation Group With 4 Attys
• Wells Fargo Says Calif. Tribe Can't Dodge Casino Loan Suit
• Why I Became A Lawyer: Being There For Families In Trouble
• African Export-Import Bank Puts London IPO On Hold
• DOJ Guidance Offers Needed Flexibility For Corporate Fines
• 9th Circ. Backs Wells Fargo In Ex-Execs' Death Benefits Suit
• CRA Modernization Effort May Face Time Pressure
• KPMG, College Blame Each Other At Trial Over $4M Fraud
• Banks Will 'Almost Certainly' Join Libra, Facebook Exec Says
• Wells Fargo Calls Oakland's Housing Harm Suit A 'Mockery'
• Consumer Groups Rip FDIC, OCC For Payday Lender Support
• Ex-Locke Lord Atty Can't Call Ethics Expert At Crypto Trial
• Greensill Snags $655M From SoftBank, Acquires Fintech Co.
• Italy's UniCredit Says Breach Exposed 3M Customers' Info
• Goldman Sued For Keeping Its Own Funds On 401(k) Roster
• UBS Must Pay Ex-Financial Adviser $1.6M In Gender Bias Row
• SEC's Crypto Actions Reinforce Hard Line On Digital Assets
• High Court CFPB Review May Determine Fate Of FHFA Too
• OCC's Otting Confident That Fintech Charter Will Take Effect
• Contractor Bias Deals Net $40M In 2019, Breaking DOL Record
• Boustani Jury Hears Of Alleged Graft That Fueled $2B Fraud
• Don't Halt CFPB Case To Wait For Seila Ruling, 2nd Circ. Told
• Novel Libor Sentence Shows Issues Foreign Defendants Face
• Bank Group Says 1st Circ. PR Bond Ruling Hurts Local Gov'ts
• BofA Can't Beat Or Delay Calif. Mortgage Suit, Court Told
• 9th Circ. Says JP Morgan Arbitration Should've Been Paused
• NY Judge Again Refuses To Excuse NCUA From Libor Deals
• Purported Film Financier Pleads Guilty To Fraud Scheme
• Congress Must Step Up To Regulate Social Media Giants
• Counseling Cannabis Cos. Requires A Holistic Approach
• 4 Ways To Address Rising OFAC Cryptocurrency Oversight
• French Insurer AXA Inks €620M Sale Of Belgian Bank
• UK Litigation Roundup: Here's What You Missed In London
• Chinese Education Co. Raises $220M In IPO, PE Investment
• Chase Seeks To Exclude Prof. From 9th Circ. Preemption Case
• DeVos Hit With $100K Contempt Fine In Student Loan Row
• Ex-Deutsche Bank Traders Dodge Prison For Libor Rigging
• 1st Amendment Can't Help Ex-Backpage Execs Avoid Charges
• Law360's The Term: CFPB Under Review & Plurality Problems
• SEC To Settle $3.8M Smithfield Insider Trading Suit For $275K
• Kirkland's Clement To Defend CFPB Structure At High Court
• Binary Options Fraudster, Co. Must Pay $4.6M In CFTC Win
• Philly Credit Union Charges Double Fees, Class Suit Says
• JLL Guides JP Morgan's $503M Atlanta Office Deal
• FINRA Fines BNP $15M For Anti-Money Laundering Failures
• Libra Launch Expected, But US Presence Remains Uncertain
• SEC, CFTC Join Global Financial Innovation Network
• Alsup Baffled By Feds' Fight With Students Over Loan Relief
• LabCFTC Going Independent As Fintech Innovation Takes Off
• Examine Diversity Jurisdiction By Drilling Into Citizenship
• Goldman Banker Accused Of Insider Trading Fires Lawyers
• 5th Circ. Won't Rehear Nix Of $65M Stanford Ponzi Deal
• Zuckerberg Pledges To Only Move On Libra With Regulator OK
• CFPB Doomed At High Court? Don't Bet On It, Attys Say
• Gov't Taking Increasing Interest In Crypto, SEC Chairman Says
• Crypto Ratings Co.'s New Legal Chief Worked At SEC, S&P
• IRS Never Proved Forex Trades Were Rigged, DC Circ. Hears
• American With Greek Ties Denied Bail In Insider Trading Case
• A New Era Of FCRA Scrutiny For Consumer Data Furnishers
• Where Law Firm Partners Go When Changing Jobs
• Consumer Protection Issues For Single-Family Rental Market
• Fair Credit Reporting Act Suits Have Soared Over Last Decade
• On Cross, Ex-Credit Suisse Exec Says Feds Bungled Charges
• Bill Pegs Libra As Security Ahead Of Zuckerberg Testimony
• Dutch Watchdog To Probe Big Tech's Payment Market Plans
• Herbert Smith Adds International Arbitration Partner
• 5th Circ. Says Bar Exam Prep Debt Can Be Discharged In Ch. 7
• Schwab Says 9th Circ. Right To Kick ERISA Suit To Arbitration
• CFTC Officials Won't Have To Testify In Kraft Sanctions Fight
• PR Officials Balk At Debt Write-Offs As Part Of PROMESA Fix
• Goldman Banker Denies Insider Trading As Gov't Suspects 6
• SoftBank Takes 80% WeWork Stake As Ex-CEO Cedes Power
• 3 Ways To Leverage Vulnerability For Lawyer Well-Being
• Pro Racer Takes $1.3B FTC Award Fight To Supreme Court
• JPMorgan Spoofing Case To See Another Person Charged
• IRS Proposed Regs Could Guide Tax Choices For Libor's End
• Centrix Trustee Wants $15M From Ponzi Operator, Family
• How Companies Might Benefit From CFPB's Uncertain Fate
• Enhanced Corporate Governance Requires Proactive Strategy
• Fintech Charter Suit Poised For Next Round As NY Seals Win
• IFinex Asks Calif. Court For Help In Search For $880M
• Ex-Morgan Stanley Brokers Barred In HSN Co-Founder Case
• Disclaimers Can't Aid Merrill In Tax Savings Suit, Investor Says
• Verizon Says Visa, Mastercard Still Charging High Swipe Fees
• Navigating US-China Trade Amid New Era Of FinCEN
• High Court FDCPA Case Faced Uphill Battle From The Start
• What Happens If High Court Says CFPB Is Unconstitutional
• Wells Fargo Must Face Mortgage Suit Over Software Glitch
• How A Cottage Industry Filled The Cannabis Banking Gap
• Ex-Lehman Workers Say Contracts Allow $260M In Pay Claims
• Wire Fraud Charges For Metals Traders Hold Up, Judge Says
• Ex-Nomura Trader Says Misstating Sales 'Common' In Industry
• ProShares Investors Fight To Keep 'Volpocalypse' Suit Alive
• BofA, Citizens Bank Defeat Investors' $102M Ponzi Suit
• Ex-Credit Suisse Exec Tells Of Hidden Ploy To Aid $2B Fraud
• Burns & Levinson Escapes Malpractice Claims In Loan Row
• Investment Banks Can't Escape FDIC Suit Over RMBS
• Atty Asks 3rd Circ. To Revisit Payday Lending Conviction
• Ill. Loan Officers Seek Final OK Of $5M Deal In Wage Suit
• Mexican Bank Must Withdraw Order Barring Deutsche Sale
• $4M Refund Belongs To Bank, Not Parent, FDIC Tells Justices
• New Data Shows BigLaw's True Profitability
• Justices Take Up CFPB Constitutionality Case
• UK Litigation Roundup: Here's What You Missed In London
• Barclays Fraud Trial Jury Told To Ignore Bankers' Bad Jokes
• SFO Closes Libor-Rigging Probe Without More Charges
• Law360's The Term: Puerto Rican Debt Crisis, DC Sniper
• Ex-Credit Suisse Exec Says He Cashed In On $2B Loan Fraud
• Ex-NFL Player Held In Contempt Over $475K Loan
• Libra, Facing Pressure, Urged To 'Persevere' By GOP Sen.
• Education Dept. Urged Not To Renew $200M Navient Contract
• Greenberg Traurig Inks $65M Deal To End Stanford Ponzi Suit
• Liberty Mutual Won't Cover HR Co. Embroiled In $70M Fraud
• Fintech Could Emerge From A Hard Brexit Largely Unscathed
• NJ Law Firm's $8M Citibank Suit Moved To South Dakota
• Decarbonization Offers New Shipping Finance Opportunities
• Ex-JPMorgan Worker's COBRA Suit Kicked To Arbitration
• Venmo Drops Trademark Lawsuit Over 'Lenmo' App
• Barclays Got Clear Legal OK For Qatar Deal, Execs Say
• 8 Best Practices For Cannabis Transaction Due Diligence
• Boustani Accuses Feds Of 'Misdirection' As Trial Begins
• Kraninger Takes Heat On Settlements, Constitutionality Stance
• Hy-Vee's Poor Data Security Caused Breach, Suit Says
• Justices Question If FDCPA Fraud Claim Based On Mistake
• Why Trump's Orders On Agency Guidance Are Significant
• Ailing Ex-NFL Player Fights Contempt Bid Over $475K Loan
• Fed Board Member Lays Out Challenges Facing Libra
• Banks Must Face Bond Price-Fixing Suit Post-Deutsche Deal
• Lehman Lost Right To Recoup Bad Loans, Mortgage Cos. Say
• Tanzania Owes Standard Chartered $185M In ICSID Arbitration
• Stanford Bank Defends £75M Negligence Suit Against HSBC
• Barclays Hiked Qatar Fees Amid Bailout Fears, SFO Says
• Fried Frank Assists As Permira Clinches €11B Buyout Fund
• Capital One Urges Fed. Circ. Rethink On IV Antitrust Decision
• Forex Fee Objector's $300K Deal Gets No Support In NY Court
• Deutsche Must Face Some RMBS Claims After NCUA Gets Sub
• Bradley Arant Hires Leading Crypto Compliance Pro In DC
• US Charges Turkish Bank In Scheme To Evade Iran Sanctions
• Investor Group Pans FINRA Broker Expungement Proceedings
• Ex-Holographics Exec Ducks Prison In Case With Intel Link
• Supervisor To Pay $150K In Latest ADR Settlement, SEC Says
• FX Fraud Decision Tests Limits Of Right-To-Control Theory
• 2nd Circ. Agrees Monster Job Site Doesn't Owe $8.9M In Fees
• Grading The Presidential Candidates On Cannabis Policy
• Courts Keep Rejecting Litigation Funding Discovery Campaign
• Justices Won't Hear Suit Over UBS Brokers' Enron Knowledge
• Justices Struggle Over Need To Confirm PR's Oversight Board
• Spotify, Uber Among 21 Libra Association Founding Members
• Barclays Exec Panicked Over Bonus, Court Told In Fraud Trial
• Barclays Exec 'Fretted' Qatar Fees Looked Like Bribe
• Bear Stearns, Reed Smith Settle $500M Malpractice Suit
• New CFPB 'Task Force' To Review Consumer Financial Law
• Look Beyond Crypto Labels, SEC, CFTC And FinCEN Warn
• Feds Call Ex-Deutsche Traders 'Emblematic' Of Banking Ills
• Boustani Heads To Trial In $2B Mozambique Fraud Case
• CVR Loses Bid To Reignite Malpractice Fight With Wachtell
• DC Circ. Presses SEC To Justify Exchange Fee Program
• OCC Fines Citibank $30M Over Foreclosed Property Handling
• How Emotionally Intelligent AI Could Assist With E-Discovery
• Chicago's Ex-Chief Judge Turns To 'Unfinished Business'
• NY Judge Charged With Obstructing Credit Union Probe
• FinCEN 'Travel Rule' Update Sets Challenges For Crypto Cos.
• Terrorism Aid Claims Are Too Late, Standard Chartered Says
• Visa, MasterCard, EBay Drop Out Of Libra Association
• US, China Reach Truce To Delay Next Tariff Wave
• Sports Gambling Compliance: Big Money Worth The Wager
• Reed Smith Nabs Ex-Morrison & Foerster Capital Markets Atty
• Ballard Spahr Brings Back Ex-Fannie Mae Public Finance Atty
• Biotech, Bank Raise Combined $276M In Low-Priced IPOs
• 9 Months For Ex-Accountant Who Leaked Secrets To KPMG
• Congress Looks To Expand Financial Whistleblower Definition
• Revising Cloud Contracts In Light Of Capital One Cyberattack
• EY Hires Former Microsoft Tax Atty With Treasury Experience
• 2nd Circ. Ruling May Cause Int'l Discovery Flurry In NY
• UK Litigation Roundup: Here's What You Missed In London
• Ex-Barclays Execs Faked Paper Trail To Hide Fraud, Jury Told
• Ex-Locke Lord Atty Denies New Charge In $400M Crypto Case
• Fed Wraps Up Work On Revamped Big Bank Rules
• State Bank Supervisors Seek Input On Model Payments Law
• PIMCO Atty Slams 'Fraternity Culture' In Discrimination Suit
• What Do Trump's Orders Mean For Agency Guidance?
• NY AG Gets Default Judgment For Tech Startup's $30M Scam
• BB&T Can't Duck Ex-Teller's Suit Claiming She Was Harassed
• Student Loan Servicer Accused Of Mishandling Overpayments
• Did Citi Dupe DOJ In Forex Investigation?
• CFPB Constitutionality Case One To Skip, Prof. Tells Justices
• 2nd. Circ. Won't Unseal Names On Records In Trump Tax Case
• Deal In Nationstar Mortgage Tax Suit Gets Initial Approval
• Preventable Risks Your Law Firm May Be Overlooking
• 1st Circ. Doubts Ex-State Street Exec's Bid To Ax Conviction
• Ex-Barclays Execs Hid Fees To Protect Share Price, Jury Told
• Objector Drops Opposition To $300M Fee Award In Forex Case
• Zuckerberg To Face Lawmakers' Questions On Libra
• DA Rebuts Manafort's Double Jeopardy Bid, Citing Mistrial
• Trump Reins In Regulators' Enforcement Powers
• 6 Ethics Tips For Attorneys Making Lateral Transfers
• CIT Loans $56M To Western Wealth For Texas Apartments
• CFPB Abusiveness Claims Aren't Dead Yet
• Volcker Rule Changes Finalized After Fed's Signature
• Ex-Goldman Coder Loses Appeal Of Data Theft Conviction
• Barclays Attys Tricked Into Clearing Qatar Plot, SFO Tells Jury
• Facebook's Libra Faces Tough Scrutiny Ahead Of UK Launch
• DOJ May Reduce Corporate Fines To Avoid 'Severe' Effects
• Debt Collection Atty Uses Lender Arbitration Pact To Halt Suit
• Capital One Can't Get Quick Win In Suit Over ATM Fees
• Attorneys Seek $15M From Wendy's Data Breach Settlement
• Chase Can't Extend Thrift Preemption's Reach, 9th Circ. Told
• Fed Chair Says Effective Policymaking Depends On Data
• Morgan Stanley Defeats 'Opportunistic' $150M ERISA Suit
• Texas Justices Ponder 'Good Faith' In $79M Clawback
• IRS Proposes Tax Relief For Transition From Libor
• Black Diamond Can't Flip Barclays' Win In Contract Fight
• Fraud As An Operational Risk For Banks
• Payment Provider Sues Crypto Co. For £2.4M In Unpaid Fees
• 5th Circ. Says Worker Must Arbitrate Citigroup Age Bias Suit
• Barclays Execs Lied To Investors Over Qatar Fees, SFO Says
• JPMorgan Can't Escape $875M Nigerian Negligence Suit
• Digital Lender Accused Of 'Rent-A-Bank' Ploy In Small Biz Suit
• Lender Can't Show Damages In Hotel Sale, Ill. Court Says
• NY Investment Manager Admits To $115.5M Ponzi Scheme
• UK Watchdog Worried About Payment Software Merger
• Justices Pass On Real Estate Mogul's $100M Libor Suit
• Supreme Court Won't Hear Trust Insurer's Jurisdiction Row
• Merrill Lynch Bank Escapes Pa. Pension Theft Suit, For Now
• Kazakh Bank Co. Pulls London IPO Over Market Conditions
• Justices Won't Hear Citizens Bank Overdraft Fee Suit
• The Ins And Outs Of SEC's Expanded 'Test The Waters' Rule
• High Court Won't Hear Seized Bank's Due Process Dispute
• Banking Biz Tide Kicks Off Series B With $54.3M Fundraise
• Aluminum Case Can't Save Bond Price-Fix Suit Versus Banks
• Email Notice Lessons From 7th Circ. Debt Collection Ruling
• 2nd Circ. Allows Discovery For Documents Located Abroad
• Ex-Barclays Execs Face Fraud Retrial Over 2008 Qatar Rescue
• Ocwen Says CFPB Suit Must End After Constitutionality Pivot
• Crypto Exchange Gets Ball Rolling On Global Self-Regulation
• 7 Firms To Guide 3 IPOs Totaling $550M, Led By Biotech Cos.
• Catalyst Capital Drops $62M On London Office Building
• Regulatory Scrutiny Exposes Crypto Oversight Challenges
• Duane Morris Settles Suit Over Debt Collection Tactics
• Texas Justices To Hear Credit Suisse's Bid To Ax $287M Award
• UK Litigation Roundup: Here's What You Missed In London
• Ex-Locke Lord Atty Can't Shield Docs In Crypto Case
• EU National Watchdogs Told To Boost AML Defenses
• Boustani Loses Bid To Dismiss Brushed-Up Fraud Indictment
• Calif. Regulator Aims To Ease Path For Cannabis Banking
• Wells Fargo's Jab At Plaintiffs' Attys Unfair, Borrowers Say
• Stablecoins Come Under FSB Scrutiny At Request Of G20
• Student Loan Servicer Mismanaged Debt Relief Plan, NY Says
• Ex-KPMG Partner Cops To Scheme, Pins Hopes On 2nd Circ.
• 'Accidental' US Taxpayers Sue France Over Disclosure Rules
• Deals Rumor Mill: Six Flags, Shutterfly, Airbnb
• 5 Steps Toward Broker Conduct Rule Compliance
• Retirement Savers Seek Cert. In Principal Global ERISA Suit
• Consider The Power Of Tactical Empathy
• SmileDirectClub Hit With Investor Suit Over $1.3B IPO
• Oritani Investor Sues Over Proposed $740M Merger
• Citi Lied To DOJ In Forex Probe, Acquitted Trader Says
• Colo. Co. Says 'Valid-When-Made' Doesn't Belong In Case
• USAA E-Check Patents Not Eligible For CBM Review: PTAB
• Landry's Asks 5th Circ. To Revive $20M Hack Coverage Row
• Judge Denies Bid To Exclude Emails From $2B Fraud Trial
• Post-Libor Rate Comes With Interest Accrual Concerns
• FINRA Fines UBS $2M For Continued Muni Violations
• The Problem — And Opportunity — Of Implicit Bias In The Bar
• Investors Say Curo's Bid To Nix Their Suit Misses The Point
• 2 Brokerages To Pay $37.5M To Resolve Forex Fraud Claims
• CFTC Fines Morgan Stanley Unit, Others For Spoofing
• PTAB Axes Nasdaq Patents Under Alice, Won't DQ Fish
• Payday Lender Wants High Court Review Of CFPB Challenge
• Full Fed. Circ. Won't Revive Patent Tied To $4M US Bank Loss
• Interactive Brokers Can't Nix Suit Over Liquidation Algorithm
• Judging A Book: Thapar Reviews Gorsuch's 'A Republic'
• Another Rollback In US-Cuba Financial Relations
• Kirkland Set To Steer HBT Financial's Potential $149M IPO
• Cannabis Banking Bill Faces Long Odds In Senate
• DLA Piper, Cozen O'Connor Guide $510M Fintech Tie-Up
• Philly, Baltimore Fight To Keep Big Banks In Rate-Rigging Suit
• AmEx Says 1 Global Receiver Can't Get Back $2.7M
• Banks Get Mexican Bond Price-Fixing Suit Dismissed
• Belgian Man To Plead Guilty In Scheme To Bilk US Law Firms