Banking Archive » April, 2020

Banking - April, 2020

356 articles

• Ex-FBI Agent Charged With Taking Atty Bribes Wins Bail
• Wells Fargo Ducks Bid To Change Virus Relief Lending Policy
• Fed. Circ. Tackles Appellate Standing, Boston Scientific IP
• Egypt Says Docs Bid In $2B Arbitral Fight Must Be Nixed
• Modi And 2 Diamond Execs Say No Grounds For Ch. 11 Suit
• Fed Expands Main Street Lending Program To Larger Cos.
• Coronavirus Litigation: The Week In Review
• FIFA Prosecutors Net $30M From Bank In Laundering Scheme
• Retrieval-Masters Approved For Ch. 11 Wind Down Deal
• Cupcake Biz Sues Chase Over 'Self-Serving' PPP Loans
• Andreessen Horowitz Launches New $515M Crypto Fund
• 5 Great-Recession Lessons GCs Must Remember Today
• Coronavirus Q&A: Akerman's Real Estate Chair
• Relief For Ginnie Mae Servicers Comes With Strings Attached
• Pandemic May Prompt Legislative Action On Court Deadlines
• Israeli Bank To Pay $874M For Helping Hide $7.6B From IRS
• Motions To Compel Video Deposition May Face Barriers In NY
• Sens. Argue New CFPB Lending Rule Invites Discrimination
• Deutsche Bank's General Counsel To Exit After 6 Years
• Fair Isaac Wants Lenders' Antitrust Suits Lumped Together
• Residential Lender Will Pay $15M To End FCA Claims
• Tossing 'Rent-A-Bank' Case May Help Predators, Court Told
• 3rd Circ. Won't Stop 'Real Housewives' Star's Deportation
• BNY Mellon May Have To Face Trust Fund Selection Suit
• Judge Tells Ocwen To Cut It Out Already On CFPB Defense
• 11th Circ. OKs Analyst's $1.25M Trial Win Against Priderock
• Judge Mulls Fairness Of Nomura Bond Traders' Prosecutions
• BofA Customers Urge Court To Keep ATM Fee Suit Afloat
• Vermont Tribal Payday Lending Suit Sent To Texas
• Mining, Metal Cos. Can't Escape Aluminum Price-Fixing Suits
• VIX Notes Investors Were Amply Warned of Risks, Judge Finds
• Applying PPP Loan Affiliation Rules To PE Portfolio Cos.
• 10 Steps To Creating Trustworthy AI Applications
• Judging A Book: Richardson Reviews 'Criminal Dissent'
• Judge Won't DQ BakerHostetler From Money Transfer Suit
• Critics Attack SEC For 'Guerrilla Governance' Of Fund Fees
• Coronavirus Q&A: Blank Rome Real Estate Leader
• FCA Makes Crisis Concession To Banks On Libor Transition
• LA Atty Cops To Bribing Fed Agents, Bank Fraud Conspiracy
• Commerzbank's RMBS Trustee Suit Against US Bank Pared
• Pot Trade Orgs Push To Be Included In Future COVID-19 Relief
• Mellon Heiress's Estate Says PNC Botched $660M Trust Split
• SEC Pays Whistleblower $18M After Tips Spurred Bigger Case
• CFTC Commissioner Quintenz To Leave Agency In October
• FIS Targets $150M In Fintech Startup Investments
• Law Firms Scramble For Federal Money With Mixed Results
• Small-Biz Loans Over $2M Up For Review, Mnuchin Warns
• Real Estate Rumors: UBS, AIG, JPMorgan
• Navigating Digitized Mortgage Processes During COVID-19
• GAO Urges Bank Regulators To Review AML Regs
• Managing FCA Risk Stemming From Virus Relief Funds
• Tips For Minimizing Law Firm Liability During COVID-19
• Cannabis Businesses Should Get Federal COVID-19 Relief
• State Of Class Certification: Offense In Wage And Hour Cases
• NY Bank Regulator Taps Ex-UBS, Deutsche Official As GC
• Goldman Says Attys' Note On Arbitration Out Of Bounds
• Mnuchin Calls COVID-19 Loan For LA Lakers 'Outrageous'
• Blackstone's $1.47B NIBC Deal In Doubt Due To COVID-19
• Merchants Request $5M Atty Fee In WorldPay Settlement
• 3 Recommendations For Cos. Considering Litigation Finance
• Jail Safer For Ex-NFLer During COVID-19, Feds Say
• 11th Circ. Judges Rip En Banc Denial In Wells Fargo FHA Suit
• CFPB Defends Suit Over Citizens Bank's Handling Of Disputes
• NJ Justices Skeptical Past Suit Bars Bank's 3rd Circ. Case
• Navient Inks Deal To End Public Service Loan Relief Suit
• Law Firm Can't Sue Citigroup After Email Hack Heist
• McConnell Wants Broad Liability Shield In Next COVID-19 Bill
• After Probe, Ex-BigLaw Atty Becomes Pot Co. CEO
• Agents Say Banks Stiffed Them On Pandemic Loan Fees
• Swiss Biotech Firm, Chinese Crypto Miner Boost IPO Pipeline
• Sanctions Compliance Tips For A Dynamic Global Landscape
• FTC Seeks Quick Win In False Ad Suit Against LendingClub
• Wells Fargo Rips $1.6M Fee Bid In Disability Suit
• RBC Unit To Pay SEC $3.8M Over Mutual Fund Share Pricing
• IRS App Retooled For Taxpayers Awaiting Virus Relief Funds
• A Proposed Technology-Assisted Review Framework
• Dems Seek $10B In COVID-19 Aid For Minority, Rural Lenders
• 9th Circ. Denials Sustain Consumer Arbitration Hurdles
• US Should Decriminalize, Regulate And Tax Marijuana
• State Of Class Certification: Defense In Wage And Hour Cases
• Justices Seek Briefs On 'Political Question' In Trump Cases
• Can You Sue A Dead Person? 9th Circ. Says Obviously Not
• Democratic Senators Ask SBA To Investigate PPP Loans
• 4 Tips For Crafting Good Disclosures After A Chaotic Quarter
• Feds Block PE, Hedge Funds From Small-Biz Virus Relief
• Investors Fight Kevin Hart's Bid To Nix Crypto Scam Suit
• 2nd Circ. Urged To Undo NY Win In Fintech Charter Suit
• SBA Says No COVID-19 Loans For Bankrupt Businesses
• SEC Forms Team To Monitor COVID-19's Market Impact
• Environmentally Challenged Property Foreclosures In A Crisis
• Navigating Loan Doc Implications Of Pandemic Disruption
• YogaWorks Investors' Filing Tweaks Don't Save IPO Suit
• Tribes Sue SBA To Secure Small Biz Paycheck Loans
• Environmental Due Diligence For M&As During The Pandemic
• How Lawyers Can Find Equanimity In Crisis
• Taxation With Representation: Debevoise, Kirkland, Skadden
• Greka Must Pay $100M Bill In UBS Suit Over Default
• Small Biz Bankruptcy Rules Come Just In Time For Many
• Kirkland, Maples Steer Blank Check Co.'s $360M Debut
• Duff & Phelps Exec Says Real Estate Lending Is Nearly Frozen
• UK Litigation Roundup: Here's What You Missed In London
• Credit Suisse Wipes Out $288M Loss Over Flawed Appraisal
• Treasury Shoos Bigger Cos. Away From Virus Relief Loans
• PNC Breaking Virus Relief Package Rules For Profit, Suit Says
• Calif. Appeals Court Sides With E-Trade In $3.3B IP Row
• Interim CEO Appointed At Crypto Trading Platform Bakkt
• Manafort's Banker Headed For September Corruption Trial
• Pot Fintech Co. Teams With Credit Union On Contactless Tech
• Wells Fargo's Virus Relief Loans 'Gating' Policy Under Fire
• World Bank Predicts 20% Fall In Remittances Due To COVID-19
• Coronavirus Litigation: The Week In Review
• 7th Circ. Won't Rethink Chicago Exchanges' Antitrust Row
• $484B COVID-19 Relief Bill Headed To Trump's Desk
• 3rd Circ. Questions Tax Exemption In NJ Biz Grant Dispute
• Market Decline Will Have Diverse Repercussions For Cos.
• Unique Small Biz Virus Relief Concerns For Brokers, Advisers
• Preparing For A Surge In Virus-Related Whistleblower Claims
• Courts Should Look To 3 Bar Exam Alternatives During Crisis
• Deals Rumor Mill: Nintendo, Neiman Marcus, Saudi Aramco
• Jury In Ex-Locke Lord Atty Fraud Trial Sent Home Over Virus
• Mayer Brown Boosts London Finance Team With New Partner
• Ocwen Beats Florida AG's Unfair Trade Practices Claim
• Ex-BNY Mellon Exec Wants $15M For 'Transparent' Retaliation
• Federally Shielding Stimulus Checks Could Help Banks, Too
• Lewis Brisbois Nabs Privacy Pro From UK To Boost US Group
• Chicago Title Plans Appeal Of $950K FDIC Verdict
• Ex-DOJ Deputy Warns Of Virus' Long-Term Compliance Risks
• Lender To Pay Back $685K In Fees Over Illegal Calif. Loans
• 'No Reason To Delay' Judgment In VIX Manipulation Case
• Payment Co. Inks $6.75M Deal To End FTC Laundering Claims
• Crypto Exchange Calls Ex-Worker's Bonus Suit Meritless
• Ex-Morgan Stanley Analyst Accuses Bank Of Sexist Culture
• Investor Sues To Halt $1B Opus Bank-Pacific Premier Merger
• South Korean Bank's AML Penalties Offer Cautionary Tale
• What Entertainment Cos. Must Know About CARES Act Loans
• Mitigating Fraud Risk During COVID-19 Crisis
• Investors Fight Bid To Nix Mexican Bond Price-Fixing Suit
• Tips For Real Estate Borrowers Affected By COVID-19
• Ex-NFLer Jailed For Fraud Says Age, Race Increase Virus Risk
• When Your Essential Employees Are Afraid To Come To Work
• Virtual Mediation A Viable Option For Class Action Litigants
• Are Litigation Funding Documents Protected From Discovery?
• Texas Court Affirms Winstead's Rout Of $62M Malpractice Suit
• Don't Get Blindsided By Correspondent Banking Enforcement
• Chancery Won't Nix Suit Over Bank Officers' Stock Awards
• $4M Refund Goes To Bank's Bankruptcy Estate, 10th Circ. Told
• Fintech To Play Central Role In Small Biz Lending Efficiency
• Sens. Demand Transparency On $750B COVID-19 Credit Plan
• Senate OKs $480B More Virus Relief For Small Biz, Hospitals
• Banks Kept Billions From Small Bond Traders, Suit Says
• What To Expect In The Emerging Age Of Quantum Computing
• Hy-Vee Gets Claims Trimmed In Data Breach Class Action
• How COVID-19 Might Uproot Centuries Of Litigation Traditions
• Ripple Sues YouTube Over Crypto Scams
• Rick Gates' 45-Day Jail Sentence Suspended Indefinitely
• State Of Class Certification: Offense In Workplace Bias Cases
• Credit Suisse Hit With $100M Mortgage-Backed Securities Suit
• Fed Gives Bank Insiders Relief On COVID-19 Small Biz Loans
• High Court Won't Review Slashed Damages In Ocwen Case
• High Court's Pass On FCRA Row Draws 2 Justices' Opposition
• UK Furniture Retailer Plans Debt, Equity Raises Amid Virus
• Treasury Acknowledges COVID-19 Compliance Challenges
• 10th Circ. Won't Revive Ex-U.S. Bank Worker's Age Bias Suit
• SEC Must Take Ski-Trip Bribery Suit Against Analyst To Trial
• Chase, Wells Fargo Kept PPP Loans From Small Shops: Suits
• Judge Slams Blockvest's 'Egregious Misconduct' In SEC Fight
• Feds Say Ex-JPMorgan Trader Deserves More Than 3 Years
• Amid COVID Market Volatility, Are CLOs The Next RMBS?
• High Court Won't Hear Broker's Challenge To FINRA Immunity
• Tips For Commercial Mortgage Borrowers Affected By COVID
• Consider Legal Ramifications Before Recording Video Calls
• Justices Deny Review Of Seyfarth Tax Shelter RICO Suit
• Call-Recording Privacy Class Actions At Crossroads In Calif.
• Unintended Potential For Disaster In Gov't Economic Lifelines
• Rethinking The Open Office In Light Of COVID-19
• Pension Fund Fights To Keep Ocwen ERISA Suit Alive
• Key Tax Implications Of Debt Restructuring During COVID-19
• Justices Won't Mull Atty's Tribal Lending Scheme Conviction
• FleetCor Points To Board In Attempt To Nix Investor Suit
• South Korean Bank To Pay $86M Over Iran Transfers
• Wilmington Trust Sues Taiwanese Shipping Magnate For $79M
• Gov't Backs Rick Gates' Home Confinement Bid Amid Virus
• Bank Regulators Urge 'Risk-Based' Approach To AML Exams
• NY Banking Regulator Softens Meeting Rules For Pandemic
• Equifax, Mass. AG Ink $18.2M Deal To End Data Breach Suit
• 9th Circ. Says Bitcoin 'Twist' Can't Nix Laundering Conviction
• BofA Can Keep Virus Relief Loan Gating Policy During Appeal
• Capital Markets Advice Nowadays Is About More Than Finance
• Levi & Korsinsky To Rep Class In Opera Browser Action
• Addressing Temp Worker Cyber Breach Risk At Financial Cos.
• What To Know About NJ's Remote Notarization Law
• 3 Tips For Deposing Difficult Witnesses Remotely
• Contract Performance During Pandemic: Lessons From 1918
• Reps. Want Cannabis Businesses Included In COVID-19 Relief
• Conn. Judge Tosses Investor Bank Merger Proxy Suit
• Winston & Strawn Picks Up UK Partner From Lehman
• UK Litigation Roundup: Here's What You Missed In London
• Wilmington Trust Inks $19.5M Deal To End ERISA Class Action
• Treasury Vows To Expedite Iranian COVID-19 Export Requests
• Stripe Adds $600M To New Funding Round Amid COVID-19
• Online Lender Settles Tribal Lending Suit With $141M Deal
• SEC Awards $27M Bounty To 'Tenacious' Whistleblower
• TransUnion FCRA Dispute Paused For Supreme Court Appeal
• Fertilizer Co. Seeks Docs For €6.2M Award Enforcement
• Cannabis Firm Using Crisis To Hide Shortfall, Investors Say
• Bernstein Litowitz Nabs $12.5M For FleetCor Stock-Drop Deal
• Liu V. SEC Offers Opportunity For Clarity In Disgorgement Law
• Debt Buyback And Liability Management During The Pandemic
• $18.5M Wells Fargo Foreclosure Deal Gets Initial Nod
• Coronavirus Litigation: The Week In Review
• Crisis-Era RMBS Investors Dispute US Bank's 'Champerty' Win
• Illinois Courts May Increasingly Embrace Equity Receiverships
• Money Runs Out For Pandemic Small-Biz Loan Program
• Restructuring Commercial Real Estate Leases During COVID
• Battle Over BofA's Virus Relief Biz Lending Heads For Appeal
• Corporate Borrowing Binge Expands To High-Yield Bonds
• Insurance Broker Sues Ex-Worker For $1.3M In Lost Business
• Equifax To Pay Indiana $19.5M To Settle Data Breach Suit
• US Warns Of North Korea Cyberthreat To Financial Industry
• 4 Key Issues Clouding COVID-19 Small Biz Loan Program
• Morgan Stanley Vet Heads To Bressler Amery & Ross
• 9th Circ. Imperils $73M Of Break Time Win Over Wells Fargo
• School Payment Processor Botched Data Breach, Parents Say
• Emerging Trends In COVID-Related Commercial Litigation
• New Jersey's Plan For 2020 Law Grads Is Brilliant
• 9th Circ. Revives Capital One Rep's FLSA Suit
• Madoff Aide Loses Virus-Based Bid For Early Prison Release
• Banks Must Watch Out For Fraud Revelations Amid Pandemic
• E-Trade Fights Rival's Bid For Do-Over In $3.3B IP Row
• Hacked Crypto Investor Says AT&T Is Distorting His Claims
• M&T Bank Workers Get Initial OK Of $21M ERISA Deal
• CFTC Eyes Changes To Commodity Broker Bankruptcy Rules
• Managing E-Discovery Providers In Times Of Crisis
• Witness Preparation Tips For Your Next Video Deposition
• Robinhood Users Get Service Outage Suit Moved To Calif.
• CFPB Denies PayPal's Claim That Prepaid Rule Is Misleading
• Former ITT Students Launch RICO Suit Over 'Predatory' Loans
• Square, PayPal And Intuit To Bolster $349B Biz Loan Program
• SEC Accuses Ex-Goldman Exec Of $2.5M Ghana Bribe Plot
• States Tell Treasury To Keep Creditors Off COVID-19 Checks
• SEC Taps Ex-Cravath Litigator As Chief Accountant Counsel
• Spanish Gas Co. Wins Doc Bid In $2B Arbitral Fight For Now
• Capital One And Amazon Want Out Of Data Breach Suit
• DOJ Backs $3B Madoff Fund Clawback From Overseas Banks
• In Defense Of Virtual Mediation
• SEC Staff OKs E-Filing For Restricted Securities Sale Docs
• BofA Can Continue Gating Policy On COVID-19 Relief Loans
• Supreme Court To Hold Arguments By Teleconference
• BofA Defends Gating Policy In Virus Relief Loans Suit
• 'Ship Has Sailed,' Debtor Claims In TCPA Autodialer Dispute
• Fed. Circ. Says Federal Reserve Banks Can Challenge Patents
• DeVos To Process 170K Bilked Students' Loan Relief Claims
• Chicago, Equifax reach $1.5M Settlement Over Data Breach
• Banks Say Recent Rulings Doom Treasury Auction Suit
• Consumer Groups Back Banks' COVID-19 Robocall Relief Bid
• Treasury Dept. Formalizes North Korea Sanctions Authority
• What SBA Virus Relief Guidance Means For Lenders, Small Biz
• Hitachi Can't Escape BB&T's Suit Over Online Banking Outage
• Holding Co. For CBD Firm Wants Suit Over $10M Loan Tossed
• Industry Implications Of SEC's Accredited Investor Proposal
• A Call To Action For The Coming Insurance Litigation Siege
• Freeman Mathis Opens NJ Office With 8 Litchfield Cavo Attys
• How A Small Law Firm Adapts To Remote Work
• Don't Just Delay The Bar Exam — Cancel It Forever
• Debevoise Drives $1.9B Sale Of Korean Biz For Prudential
• OCC Won't Halt Community Lending Overhaul For Pandemic
• Preston Hollow Gets No Relief For Nuveen's 'Lies'
• SEC Enforcement Expected To Surge On COVID Volatility
• Gas Co. Targets Depository Trust Co. In $2B Award Fight
• $432B Italian COVID-19 Relief Decree Offers Tax Deferrals
• 8th Circ. Ruling Highlights Benefits Of Out-Of-Court Workouts
• A Look At Fed's New Facility For Money Market Mutual Funds
• Singapore Court Sends $170M Debt Dispute To Arbitration
• BofA, JPMorgan, RBS Agree To $25M Settlement In Libor Suit
• Shut Out Of Federal Bailout Funds, Pot Groups Turn To States
• Closing A Commercial Mortgage During A Pandemic
• Don't Forget Firm Culture When Adapting To Remote Work
• Billions More For Small Biz COVID-19 Relief Blocked In Senate
• UK Litigation Roundup: Here's What You Missed In London
• 3 Key Developments As Coronavirus Cases Top 400K
• 2nd Circ. Won't Ruffle Key Theory As Goldman Case Plows On
• Buckley Atty Faces The Sugary Trials Of Netflix's 'Nailed It!'
• SEC Eases Regulations On Business Development Companies
• Lenders Must Prepare For Real Estate Bankruptcy Cramdowns
• Wells Fargo Can't Nix Equitybuild Ponzi Scheme Claims
• Fifth Third Faces Shareholder Suit Following CFPB Action
• Fed Eases Wells Fargo's $2T Cap For COVID-19 Lending
• Attys Score $53M In $240M Wells Fargo Fake Account Deal
• Senate Dems Scold CFPB Over 'Tepid' Pandemic Response
• BofA Faces Escalation In Virus Relief Loans Lawsuit
• US Financial Crime Compliance Costs Top $26B For 2019
• 7th Circ. Urged To Rethink Chicago Exchanges' Antitrust Win
• Cahill Gordon Suspends 2020 Summer Associate Program
• Robinhood Users Add Gross Negligence Claim To Outage Suit
• Coronavirus Regulations: Week In Review State By State
• JPMorgan Settles Massive 401(k) Class Action
• Dems Mull Major Changes To Banking, Housing In Relief Bill
• Wells Fargo Can't Shake Derivative Claims In Lifetrade Suits
• Clayton Urges Cos. Seeking Rescue Aid To Inform Investors
• $2T Relief Bill Carries Big Fraud Risks, White Collar Attys Say
• Coronavirus Pandemic Highlights Value Of Data Centers
• Minimizing Lender Risk In Health Care Finance
• Filling Void Of Consumer Collections Limits Amid Pandemic
• Goldman Picks Up Former Obama Counsel From Latham
• Corporate Taxpayers Can Be Hopeful About Calif. Tax Appeals
• Split 2nd Circ. Rejects Goldman's Bid To Decertify Class
• Conducting Court Hearings Remotely: 12 Considerations
• Money Services, Telecom Duck Suit Over Haiti Charges
• FinCEN Grants Reporting Relief In Updated BSA Guidance
• Fintech Lenders May Miss Boat On Virus Relief Loan Program
• EU Probing $3B Mastercard Deal On Referral From UK, Others
• Firm Cost-Cutting Has GCs Watchful But Not Worried — Yet
• Florida Businessman Pleads Guilty To $7.7M Tax Fraud
• SBA Loan Guidance Doesn't Resolve Fate Of Venture Startups
• NY Moves To Streamline Securities Filings In Virus Response
• VW Dealership Must Face Improper Credit Check Suit In Pa.
• NYSE Proposes Temporary Relief For Listed Cos. Hit By Virus
• The Era Of Video Mediation Is Here — Or Is It?
• COVID-19 Highlights BigLaw Need For Emotional Intelligence
• EU Will Help Banks Lend €8B To Cos. Hit By COVID-19 Crisis
• Venture-Backed Firms Could Miss Out On Virus Relief Loans
• Steel Co. Says It's Owed $22M After Joint Venture Corroded
• Judicial Shaming Of Attys Is Troubling Even During Pandemic
• Blockvest Says Issues Of Fact In ICO Fraud Case Remain
• What It's Like To Join A Law Firm In The COVID-19 Era
• Don't Be Social Media Distancing: LinkedIn Tips For Lawyers
• Ex-Morgan Stanley Tax Convict Seeks Release Due To Virus
• Considerations For Conducting Remote Internal Investigations
• Lenders Sue Fair Isaac After Feds Open Antitrust Probe
• UK Litigation Roundup: Here's What You Missed In London
• As Bankruptcy Storm Brews, Legal Pros Say Save Cash
• Trump Admin Escapes States' Suit Over '2-For-1' Order
• SEC Chief Says Coronavirus Won't Stop Reg BI Plans
• CFPB Sanctions Payday Lender $1.4M Over 'Deceptive' Tactics
• SEC Urged To Ease Private Funding Rules Amid Pandemic
• 2nd Circ. Refuses To End Ex-SocGen Exec's Fugitive Appeal
• Feds Will Take Late Comments On Volcker Funds Proposal
• Calif. Regulator Seeks Student Loan Servicer's Records
• IRS Summons In French Probe Can Proceed, Court Says
• CFPB Whistleblower Program Could Plug Enforcement Gaps
• Remote Depositions: Coming To A Home Office Near You
• Ways Lawyers Can Support The Most Vulnerable Right Now
• 2nd Circ. Backs Stock-Parking Penalty For Ex-Barclays Trader
• Facebook, Chamber Back Bid To Strike TCPA Autodialer Ban
• Latest UK Sanctions Breach Fine May Signal New Era
• CFPB Issues Credit Reporting Guidance Amid Pandemic
• 2nd Circ. Revives Yen Libor-Rigging Suit Against Big Banks
• Loan Servicer Delays Seizing Rent From Pittsburgh Mall
• Wells Fargo Agrees To Pay $18.5M To End Mortgage Claims
• Borrowing Report Forecasts Oil Lending Bloodbath
• NY Order May Limit Foreclosures, But Could Hurt Local Banks
• Fintech Co. GreenSky Hit With Derivative Suit Over IPO
• Lender Ends HUD Mortgage Fraud Case With $2.5M Payout
• Sierra Pacific Escapes From Price-Fixing Kickback Suit
• Confronting The Challenges Of Virtual Mediation
• Remote Notarization Bill Will Help Save The Economy