Banking Archive » February, 2020

Banking - February, 2020

269 articles

• CFPB Hit At High Court May Not Leave Big Mark, Cordray Says
• Miss. Bank Looks To Nix $250M Suit Over Forced PE Sale
• Loeb & Loeb Nabs Fintech Partner From Pillsbury Winthrop
• Merrill Lynch Again Beats Securities Suit Over Reserve
• Latin American Crime Groups Using Crypto To Launder Money
• Welcome Libor Transition News For Market Participants
• Aussie Banks Say They Should Exit Rate-Rigging Suit Too
• Zillow Board Must Face Suit Over Co-Marketing Scheme
• Taxation With Representation: Latham, Skadden, Kirkland
• SFO Pursuit Of Barclays Execs 'Lies In Tatters' After Acquittals
• Fla. Judge Urges Permanent Toss Of $4.4B Superyacht Suit
• Pot Credit Card Co. Won't Get Court-Appointed Receiver
• UK Litigation Roundup: Here's What You Missed In London
• Legal Industry Should Pursue AI Prediction Progress
• Ex-Barclays Execs Acquitted In Qatar Fraud Case
• 9th Circ. Pares Damages In $60M TransUnion FCRA Verdict
• Ex-BlueWave GC, CFPB Official Joins Bradley Arant In DC
• 3 Firms See $15M Chopped From State Street Fees
• Wells Fargo To Pay $35M To End SEC's Supervision Claims
• Wells Fargo Can't Nix Customer's Suit Alleging 1,400 Calls
• Discover's Student Loan Servicing Again Under CFPB Scrutiny
• High Court Tax Refund Ruling Indicates State Law Authority
• Deutsche Bank Settles Preferred Securities Suit For $18.5M
• Federal Privacy Legislation Should Be Context-Sensitive
• German Authorities Raid ABN Amro In Dividend Fraud Case
• Ex-Cantor Fitzgerald Exec Must Arbitrate Bias Claims
• Fintech's 2020 M&A Boom Shifts To Consumer-Facing Targets
• Investor Settlements Remain High As Defendant Sizes Grow
• 7th Circ. Won't Undo $17.85M Deal In Wells Fargo TCPA Suits
• Securities Suit In NY Court Survives Post-Cyan Dismissal Bid
• PNC Accused Of Hiding Video Before Trial Over Sex Assault
• CFPB To Face Deadlines For Small-Biz Loan Data Rule In Deal
• Trump Financial Info Needed For Lawmaking, Justices Told
• Judge OKs $18.5M Deal Ending Payday Loan Dispute
• A Brief Guide To Federal And State Cybersecurity Enforcement
• What Companies Should Know About Direct Listings
• Financial Adviser, Ex-Colleague Share Fault In Split, Jury Says
• Solutions To 4 Common Law Firm Diversity Challenges
• Ex-Deutsche, Merrill Traders Claim DOJ Misconduct
• Huawei Judge Details Why DOJ Work Led To Sidley Atty's DQ
• Qatar Fraud Trial Against Ex-Barclays Bankers Goes To Jury
• Bank Of England To Penalize Cos. Still Using Libor In Oct.
• Equifax Investor Suits Get Early OKs For $149M, $33M Deals
• Hinshaw Nabs 5 McGlinchey Stafford Finance Lawyers In NY
• Banks Blast La.'s 'Serial Amendments' To Bond-Rigging Suit
• 10th Circ. Scraps Western Union Investors' AML Suit
• BofA Must Face Another Escrow Interest Suit, This Time In Md.
• $16M Fees OK'd For Greenberg Traurig's Stanford Ponzi Deal
• Turkish Bank Agrees To Be Arraigned On Sanctions Charges
• Pot Co. Says Fiserv Unit Can't Ditch Weed Credit Card Row
• Ex-Goldman Sachs Worker Fights To Keep ERISA Suit Alive
• Flagstar Misreported Mortgage Interest To IRS, 9th Circ. Told
• Departing CFPB Deputy Director Headed To Alston & Bird
• Buffalo Debt Collector Settles Scam Suit, Could Pay $1.7M
• Sanctuary Belize Execs Lose 4th Circ. Bid To Unfreeze Assets
• When Coronavirus May Trigger SEC Disclosure Requirements
• Oversight Board Asks 1st Circ. To Protect PR Fiscal Reform
• WilmerHale Snags Capital Markets Partner From Gibson Dunn
• AT&T Can't Skirt All Of Crypto Investor's $24M Hacking Suit
• Discrimination Cases Are Too Complex For AI Fee Prediction
• GE Share Conversion Fight In Chancery Settled For $5M
• Justices Vacate $4M Tax Refund Award To Defunct Bank
• CFPB's Structure Still Likely To Give Way In High Court Fight
• Haynes and Boone Nabs V&E Finance Duo In Dallas
• Crypto-Focused Bank Looks To Wyoming Charter To Launch
• Visa, Mastercard Antitrust MDL Opt-Outs File Separate Suit
• Justices Pass On Law Firm Exec's Challenge To $1.8M Order
• NJ Assembly OKs Ban On 'Stranger' Life Insurance Policies
• Ex-Chainalysis Counsel To Oversee FinCEN Digital Innovation
• Updating The EU Product Liability Directive For The Digital Era
• 3 Firms Guide $7.1B Intuit-Credit Karma Deal
• High Court Passes On Quartet Of Employment Cases
• Courts May Clash With Litigants Over Document Review Tech
• High Court Won't Take Fidelity Brokerage Immunity Case
• High Court Won't Hear Northern Trust Management Dispute
• Investors Seek Cert. In Action Over GreenSky IPO
• Attys Get $7M Fees In Decadelong $102M Funeral Scam Suit
• Ind. Man Indicted In $2M EBay, PayPal Scam
• Cannabis Bill Roundup: Kentucky House OKs Medical Pot
• Shopify Joins Facebook-Led Libra Association
• RMBS Investors Challenge US Bank's Early-Win Effort
• DOL Judge Kills Ex-Morgan Stanley Atty Whistleblower Case
• Trump Heads To India With Tempered Trade Expectations
• Wells Fargo Will Pay $3B To DOJ, SEC Over Sales Scandal
• Mass. Securities Chief Sets Up State Rules, Blasting SEC Regs
• Cboe Investors Push For Appeal In VIX Manipulation Case
• Wells Fargo Tries To End Breach Claims In Mortgage Action
• Greenberg Traurig's $65M Deal In Stanford Ponzi Suit OK'd
• 5 Complications That Can Derail A Class Action Settlement
• UK Litigation Roundup: Here's What You Missed In London
• Iran Blacklisted By Global Money-Laundering Watchdog
• AI Can't Accurately Predict Case Length And Cost — Yet
• Danske Shareholders Target Ex-CEO In 4th AML Lawsuit
• 9th Circ. Urged To Resolve 'One-Sided' TCPA Autodialer Split
• West Virginia Bank Can't Sink Insufficient Funds Fees Suit
• Paxos Starts Blockchain Settlement Service For US Equities
• CSBS Deploys Fintech, Nonbank Exam Platform Across US
• Crowell & Moring Hires 10-Year Treasury & DOJ Alum In DC
• Ex-Raydon Worker's 'Animus' No Bar To Cert. In ESOP Suit
• CFTC Proposes Longer Deadlines For Swap Trading Reporting
• Great Lakes Looks To End $90M Student Borrower Suit
• Boardroom Hot Topics: ESG, Purpose And Stakeholders
• Blank-Check Co. East Stone's Upsized IPO Raises $120M
• Davis Polk, Skadden Guide $13B Morgan Stanley-E-Trade Deal
• BofA Agrees To $250M Deal In Countrywide Appraisal Case
• Investor Settlements Saw Lull In '19 But Big Deals Are In Sight
• US Bank Says RMBS Claims Resolved By Nix Of Similar Suit
• Lehman Trustee Asks Judge To Toss 3rd Try At Deferred Pay
• Real Estate Rumors: ELO, Granite Point, Walgreens
• Sherin And Lodgen Adds Partner To RE, Corporate Team
• Bond Insurer Claims PR Highway Deal Was A Fraud
• Capital One Tries To Nix Investor Suit In Data Breach MDL
• 7th Circ. Chief Questions Proof Of Ex-Judge's $1.4M Fraud
• Blockchain Startup Settles SEC Claims Over $45M ICO
• Venator Says It Didn't Lie About Fire Damage At Plant
• Justices Asked Yet Again To Clarify Alice In $4M US Bank Suit
• ESMA Warns Tech Giants Could Dominate Financial Services
• EDNY Feds Report $1.1B In Recoveries In Fiscal 2019
• Student Debt Cos. Settle NY's Predatory Practices Suit
• NCLA Backs Adviser's 11th Circ. Challenge Of SEC Judges
• UK Watchdog No Longer Worried About Payments Co. Tie-Up
• Consumer Finance Poised For Greater Scrutiny From States
• Lawyers Can Build Trust Through The Spoken Word
• Pa. Judge Slams Auto Lender's 'De Minimis' $4M TCPA Deal
• Italy's Intesa Sanpaolo Bank Makes $5.3B Offer For Rival
• Ex-Exec Hits TIAA Bank With Age Bias, Benefits Suit
• Pot Dispensary Operator Seeks Win In Suit Against Card Co.
• Bloomberg Proposes Wall Street Tax, Student Debt Relief
• US Sanctions Russian Energy Broker Over Venezuela Ties
• Barclays Execs Are An 'Unlikely Band Of Villains,' Jury Told
• Judge Sets Roadmap In $4.5B JPMorgan RMBS Deal Split
• Mass. Suit Accusing Fidelity Of 401(k) Kickback Scheme Axed
• Trump Admin. Says Illegal Structure Shouldn't Doom CFPB
• 'Dissembling, Combative' Trader Must Pay $22M, Judge Says
• Dems Probe Upstart, Others On Fair Lending Concerns
• Black Knight Lures PennyMac's Antitrust Claims To Florida
• Ex-Citi Broker Wants $3.5M Arbitration Award Reinstated
• Retailers Aim To Take AmEx Arbitration Order To 2nd Circ.
• Latham Hires Restructuring Pro In New York
• Crypto Bill Offers Basic Definitions The Industry Needs
• FINRA's Changes To New-Issue Sales, Distribution Practices
• Aussie Rate-Rigging Suit Cut To 1 Plaintiff, 9 Banks In NY
• 2 Cop Pleas As Manhattan DA Looks To Wrap Newsweek Case
• Legal Prediction Is Demanding But Not Impossible
• Paul Weiss-Led Churchill Capital Prices $1B Blank-Check IPO
• Nine West Trustee Says Jones Group Shareholders Stole $1B
• CBD Maker Accused Of Breaching $10M Loan Contract
• UK Litigation Roundup: Here's What You Missed In London
• Objectors Blast Wells Fargo's 'Tiny' $142M Fraud Deal
• Bitcoin 'Mixing' Service Owner Arrested For Money Laundering
• 'Dark Money' Swaying High Court, Whitehouse Tells The Term
• Accountant Gets 15 Months In Prison In $5.4M Tax Fraud Case
• Firestar Diamond Trustee Sues Other Cos. Tied To Modi Fraud
• Convicted NJ GOP Bigwig Seeks To Duck Prison Amid Appeal
• Paul Hastings Reps First American In $350M Docutech Buy
• Trends In Recent FCPA And Cartel Cases Against Execs
• Mass. Justices Skeptical Chase Foreclosure Info Is Too Vague
• Trump's Fed Pick Vows Independence But Hits Turbulence
• Crypto Lender Raises $30M In Valar Ventures-Led Round
• US Firms Eye Early Knockout In Rival UK Forex Class Actions
• SFO's Barclays Case Nothing But Saucy Comments, Atty Says
• Barclays CEO Faces UK Probe Over Links To Jeffrey Epstein
• Harvard, Yale Probed Over Unreported Foreign Funds
• Air Charter Co. Execs Can't Slip Fraud Convictions At 3rd Circ.
• FTC Targeted Sanctuary Belize To Punish Founder, Judge Told
• Regulators Need To Keep A Close Eye On AI In Finance
• PNC Abetted $75M 'Ponzi-Like' Scheme, Investment Cos. Say
• Fed's Powell Says FedNow Interoperability Is High Priority
• Warren Warns Fed Chair On 'Misguided' Supervision Proposal
• JPMorgan Faces Suit Claiming 'Segregated' Employment
• 'Bitcoin Inventor' Claims He Can't Share Hidden Docs
• 4 Considerations For Landlords Amid Rise Of Co-Working
• IOSCO Recommends Crypto Traders Be Vetted
• SEC Exam Priorities Highlight Flexible, Holistic Compliance
• Effective AML, Anti-Bribery Programs Hinge On Collaboration
• Blockvest CEO Asks Court To Reject 'Draconian' Sanctions
• Wells Fargo Nixes Mandatory Arbitration For Sex Harassment
• Wells Fargo Asks 9th Circ. To End Oakland's Loan Bias Suit
• JPMorgan Chase, Firm Aren't Debt Collectors, Says 11th Circ.
• Objectors To Fight Equifax Data Breach Deal At 11th Circ.
• Sanctuary Belize Judge Mulling Criminal Case Against Execs
• CFPB Won't Ditch Another Doc Demand Over Constitutionality
• Equifax Hack Shows China's Expanding Hunger For Data
• Texas Judge Rejects Landry's Fee Argument in JPMorgan Suit
• OECD Advises Multinationals On Financial Transaction Pricing
• Fed Chair Throws Cold Water On Libor Legislation Idea
• Real Estate Rumors: Time Equities, Lexin, Safra
• Ex-Google Exec's Co. To Pay $18.5M To End Payday Loan Suit
• Skadden Atty Says He Shouldn't Be DQ'd In Spoofing Case
• Accountants Say First National Bank Suit Misses Mark
• Understanding PE Employee Co-Investment Credit Facilities
• Malpractice Landscape Is Becoming Riskier For BigLaw
• PNC Hit With $2.4M Verdict Over Customer Attack On Worker
• Greek Investors Can Proceed With €300M Cyprus Claim
• White House Sets Sights On Crypto Threats In 2021 Budget
• Trump Budget Looks To Fold Audit Watchdog Into SEC
• Trump Budget Takes Aim At CFPB Purse Strings For 4th Time
• Sanctuary Belize Execs Point Fingers As Trial Winds Down
• 11th Circ. Tosses Suit Over Collection Of Phantom Debt
• Judging A Book: Humetewa Reviews 'Guilty People'
• Consumers Can't Take Back Consolidation Bid, Ex-CEO Says
• Investor Urges Nixing Cert. In Crypto 'Miners' Ponzi Case
• HSBC Gets Time To Disclose Trader Chats In Forex Suit
• 4 Chinese Military Members Charged With Equifax Hack
• Crypto Safe Harbor Applauded, But Long Road Lies Ahead
• Victims To Get Say In Dying Madoff's Early Release Request
• Mortgage Lender Inks $6.3M Deal To End TCPA Class Action
• Consumer Groups Urge Caution In Chase Card Interest Case
• Judge To Tackle Legality Of Cannabis Receiverships
• Court Cancels Debt Collectors' $2.5M Victory In Letter Scheme
• Ex-Melrose CU Exec Says Silver Ruling Kills Bribery Case
• Credit Union Group Urges Senate To Pass Pot Banking Bill
• 4 Real Estate Considerations For Banks In An Online World
• Ex-Mossack Fonseca Client To Plead Guilty In Tax Dodge Case
• Wells Fargo Borrowers' Mortgage Suit Drops Subclasses
• Real Estate Finance Firm Leads 3 IPOs Raising $208M Total
• Conflicts In Circuits' Approach To Email Scams Hold Lessons
• Qatari Side Deal Generated Biz For Barclays, Banker Says
• FinCEN Warns Social Media Crypto Projects To Mind Its Rules
• Investors Say Hotel Developers Can't Shake EB-5 Fraud Suit
• UK Litigation Roundup: Here's What You Missed In London
• Windy City Shuffle: McDonald Hopkins, Clark Hill, Steptoe
• Credit Suisse Chief Executive Quits After Spying Scandal
• FCC Urged To Hurry Up With TCPA Autodialer Ruling
• SEC's Peirce Proposes 3-Year Crypto Safe Harbor
• CFPB Head Says Abusiveness Policy Won't Bring Repleading
• Ex-DOJ Atty Alleges Rights Violations In Cross-Border Cases
• Takeaways From DOJ Fraud Section's Enforcement Uptick
• Amended CFTC Rules Provide Clarity For Asset Managers
• Rimini V. Oracle's Ripple Effect On Textualism, Expenses
• SFO Accused Of 'Volte-Face' In Trial Of Ex-Barclays Bankers
• Mark Cuban Among SEC Critics Siding With Lucia In ALJ Fight
• Bernie Madoff Seeks Prison Release, Saying He's Dying
• Brainard Bullish On FedNow, Fed-Backed Crypto Needs Time
• Partisan Divide Dominates Bank-Nonbank Partnership Hearing
• CFPB Fines Think Finance Cos. $7 In Global Settlement
• NY Regulator Accuses NRA Of Profiting From Illegal Insurance
• Compliance Chiefs Feeling The Squeeze As Budgets Stagnate
• Alphabet's Missteps Offer Crisis Management Case Study
• Practical Tips For Responding To A World Bank Investigation
• Chase Bank Compliance Investigator Nabs Cert. In OT Row
• Calif. Justice Open To Juries Deciding Civil Penalty Cases
• Ex-Goldman VP Takes Gay Bias Suit To Federal Court
• Why SFO Closed Its Libor Manipulation Investigation
• Las Vegas Men Cop To Illegal US-China Money Transfer Ploy
• Ex-BigLaw Atty Seeks To Ditch Crypto Money Laundering Rap
• Denmark Demands 9 Foreign Banks Repay $133M In Rebates
• Compliance Chiefs Face Undue Personal Risk, NYC Bar Says
• CFPB Backs Funding Constitutionality As Firm Battles Probe
• Real Estate Rumors: Michael Shvo, Katsky Korins, Bridge
• Fed Bans Another Goldman Sachs Exec Over 1MDB Scandal
• How Emotional Intelligence Can Benefit Transactional Attys
• Pa. Mortgage Biz Says Exec Helped Rival Poach Fla. Staff
• Despite New Policy, CFPB Seems Uncertain On Abusive Acts
• SEC Private Equity Enforcement: A Look Ahead
• Australian Trader Gets Time Served For Spoofing Merc Market
• Why I Became A Lawyer: Following A Serendipitous Path
• Banc Of Calif. Ex-CEO's Smear Campaign RICO Suit Nixed
• Ex-Barclays Finance Chief Key To Qatar Scheme, SFO Says
• Thompson & Knight Adds Real Estate Attys In NY, Texas
• US Will Target Undervalued Currency In Duty Probes
• BofA Presses For NY Escrow Interest Appeal Amid New Suits
• 'Narrow Bank' Renews Discovery Push In Fed Account Suit
• $10B Suit Accuses Bitcoin 'Founder' Of Hiding 11,000 Docs
• Wells Fargo Workers Ink $9M Deal In Reimbursement Suit
• Advisers Face AML Pressure From SEC Despite Lack Of Regs
• Singapore-Based IStox Emerges From Regulatory Sandbox
• Wells Fargo Tries To Kill Mortgage Suit In NY
• 7 Ethics Questions To Ask Before Marketing Your Law Firm