Banking Archive » May, 2020

Banking - May, 2020

336 articles

• Illinois Must Do More To Protect Consumers In Debt
• Latest Push For Digital Dollar Led By Former CFTC Chair
• U.S. Bank Fights Commerzbank's Redo Bid In RMBS Suit
• OCC Rule Aims To Settle Interest Rate Transfer Controversy
• PPP By The Numbers: Visualizing Pandemic Biz Relief Funds
• Corporate Bond Rush Brings A Big Wave Of Firsts
• Judge Won't Revive Antitrust Suit Against Bankrate
• Avoiding Inadvertent Privilege Waivers In E-Communications
• SBA Guidance On PPP Loan Forgiveness Has Shortcomings
• 5 Tips For Drafting Effective Legal Billing Guidelines
• How Anti-Terrorism Act Extension Affects Mainstream Cos.
• Investors' Forex-Rigging Claims Against Banks Narrowed
• Pa. Law Firm Sued Over Client's $134M Unpaid Judgment
• Trump Says He Will Peel Away Hong Kong's Trade Status
• Borrowers Denied Cert. In Green Home Loans Suit
• PE Firm Asks For Barclays' Legal Docs Ahead Of Fraud Trial
• UK Litigation Roundup: Here's What You Missed In London
• Former Lehman Bros Administrators Cleared of Liability
• Seattle Fed. Courts May Not Hold Trials Until 2021, Judge Says
• PPP Loan Flexibility Passes House; Disclosure Falls Short
• Banks May Avoid Prosecutors' PPP Fraud Wrath, For Now
• N. Korea's Secret Foreign Banks Laundered $2.5B, DOJ Says
• Coronavirus Litigation: The Week In Review
• Pa. Mall Lender Says COVID-19 No Escape From Rent Seizure
• Hong Kong Policy Shift Could Usher In Trade Firestorm
• Don't Cancel Your Summer Associate Programs
• Pulling Up Stakes: Sidley Austin, Baker McKenzie, Orrick
• Deals Rumor Mill: Jio Platforms, Volkswagen, Amazon
• SEC Seeks $2.5M From Ponzi Scheme Operator
• Venezuelan Prez Question Made Priority In $1B Gold Dispute
• Calif. Justices' Ruling Marks Turning Point For Jury Trial Right
• Feds Say 'Brazen' Ex-Goldman Banker Deserves 3 Years
• Request To Extradite Huawei Exec Clears Key Benchmark
• Capital One Ordered To Release Report Of Massive Data Heist
• Latham And Fenwick Steer Coinbase's Acquisition Of Tagomi
• Judge Urges Sides To Settle PNC Bank Sex Assault Case
• Gov't Can Depose Manafort's Banker And Obtain Assets Docs
• SEC Confronts Fraud Amid 'Spike' In COVID-19 Tips
• Hong Kong Not Autonomous From China, State Dept. Says
• Atty Accused Of Bankruptcy Fraud, Duping Clients Out Of $1M
• CFPB Says Chicago Was 'Hotbed' Of Fifth Third Misconduct
• Pandemic Elevates Cos.' Compliance Risks In Latin America
• 2nd Circ. Keen To Untangle $1.7B Iran Terror Asset Fight
• 5 Ways To Reduce Post-Pandemic Legal Malpractice Exposure
• Garnishment Must Be Clarified In Pandemic Relief Laws
• Weil-Led Co. Prices Year's Second-Largest Blank-Check IPO
• Ex-JPMorgan Trader Wants Separate Trial In Spoofing Case
• Chase Customers Try To Seal $2.5M Crypto Fee Settlement
• JPMorgan's $9M Deal To End 401(k) Suit Clears First Hurdle
• Payday Loan 'Godfather' Appeal Not For High Court, Feds Say
• HSBC Launches Equity Product Powered By AI And Big Data
• Target Says Chubb Can't Escape Data Breach Coverage
• 10th Circ. Again Rules FDIC Gets Disputed $4.1M Tax Refund
• Bank Sued Over $900M Securitization Deal Disrupted By Virus
• 7th Circ. Won't Slash Developer's Sentence For Bank Fraud
• FTC Says Payday Lenders 'Bled Consumers' Of $93M
• Justices' SEC Disgorgement Ruling May Shape FCPA Matters
• IRS Stays In House To Fill Counsel Post For New Fraud Unit
• What OFAC Means By A Risk-Based Approach To Compliance
• Latest Deals In Libor Suit Boost Lenders' Recovery To $35M
• COVID-19, Contango And Energy's New Economic Reality
• Credibility Concerns About Virtual Arbitration Are Unfounded
• Discover Escapes Ex-Worker's Domestic Violence FMLA Suit
• Facebook Rebrands Unlaunched Libra Wallet
• High Court Won't Review Nonconsensual Ch. 11 Releases
• Investors Seek To Wrap $95M Deal On Bond Price-Fix Claims
• Traps For The Unwary In Class Actions Targeting PPP Lenders
• Texas Banks Mutually End $3.07B Merger Over Coronavirus
• Law360 Reveals Titans Of The Plaintiffs Bar
• Goldman Class Cert. Ruling Has COVID-19 Implications: Amici
• Texas Firm Accused In $100M Suit Of Swindling Ailing Mogul
• Curtis Expands In Milan With 2 Tax Partners And Counsel
• CFPB Puts Out No-Action Guide For Small-Dollar Bank Loans
• Student Debt Firms Settle With New York For $5.5M
• SEC Actions Point To 'Hyperfocus' On Disclosure Issues
• Human Rights Are Becoming A Compliance Issue
• How CFTC's Agricultural Enforcement May Evolve Amid Crisis
• Federal Program Bribery Law May Reach PPP Loan Recipients
• FINRA Can't Pin $12.5M Promissory Note Fraud On Brokerage
• Florida And CFPB Can Jointly Take Ocwen Claims To Trial
• Loan Fraudster Can't Get Out Of Prison Due To Pandemic
• UK Litigation Roundup: Here's What You Missed In London
• 10 Ways Financial Cos. Can Avoid Payment Relief Pitfalls
• A Lawyer's Guide To Client Service Continuity Planning
• Commercial Transactions Partner Joins Lewis Brisbois In Fla.
• Coronavirus Q&A: Dechert Real Estate Leader
• 3 Ways The Pandemic Has Changed How IPOs Are Done
• Pot Co. Wants Fees After $1.8M Judgment In Credit Card Suit
• Exide's Ch. 11 Financing OK'd Over Creditor Opposition
• Ex-Goldman Banker Cites COVID-19 In Bid To Avoid Prison
• Cannabis Cos. In LA Get Option For Online Tax Payments
• Mich. Man Says Court Fudged Ruling In JPMorgan Debt Feud
• A New Approach To OFAC's Rejected-Transactions Reporting
• FIRREA: A Powerful Enforcement Tool To Combat PPP Fraud
• Virtual Meetings Could Be Fertile Ground For Legal Discovery
• Merrill Lynch Traders Can't Avoid Spoofing, Fraud Charges
• NYC Man Hit With Fraud Charges Over $20M In Virus Loans
• Law Firm Can't Blame First Republic For $300K Email Scam
• Bankruptcy's 'Deep Freeze' May Be Struggling Cos.' Best Hope
• Funding Considerations Amid COVID-19 Liquidity Crunch
• Competing Venezuelan Gold Claims Slow €930M BoE Dispute
• OCC's Otting To Depart As Ex-Coinbase Lawyer Steps Up
• 1st Circ. Affirms Ex-State Street Exec's Fraud Convictions
• Banking Regulators Issue Small-Dollar Lending Guidelines
• Ex-Kazakh Mayor Sanctioned In Money Laundering Suit
• New CFTC Policy Offers 'Road Map' On Enforcement Penalties
• Advocacy Groups Decry New Trump Deregulatory Move
• Ohio House OKs Tax Amnesty To Boost Pandemic Recovery
• B. Riley's Second Blank Check Co. Raises $175M In IPO
• Contingent Fees A Great Option For Cos. During Downturn
• 9 Ways To Improve The Paycheck Protection Program
• The Role Of Remote Mediation After The Crisis Is Over
• The Post-Pandemic Workplace Needs Better Safety Regulation
• Preventing Elder Exploitation As Securities Fraud Increases
• Cboe Investors To Take VIX Manipulation Loss To 7th Circ.
• NY Courts To Allow New Lawsuits Next Week
• House Set To Approve Flexibility For PPP Small-Biz Loans
• 7 Steps To Romancing The Virtual Classroom
• OCC Finalizes Overhaul Of Community Lending Rules
• Navient Pushes For End To CFPB's Servicing Suit
• Ex-Manafort Associate Gets Out Of Probation 2 Years Early
• Ex-Goldman Sachs Banker To Be Sentenced Via Video
• 34 AGs Press For Pot Banking Reforms In Virus Relief Bills
• Danish Tax Body Ignored Warnings Of Dividend Refund Scam
• Powell, Mnuchin Open To Eligibility Tweaks For Fed Programs
• Davis Wright Nabs Fintech Partner In DC From Ballard Spahr
• Ohio Tax Amnesty Bill For Virus Recovery Clears House Panel
• Quicken Loans Can't Ditch Telemarketing Suit
• Raydon Workers Win Bid For Docs From Bank In ERISA Row
• SoFi Accused Of Discriminating Against DACA Recipients
• Santander Inks $550M Subprime Loan Settlement In 34 States
• Global Economic Recovery Calls For Trade Policy Overhaul
• Curo Investors Seek Cert. In Canada Products Class Action
• Great Recession Holds Mortgage Crisis Lessons For Today
• Main Street Lending Adjustments Mean Help For More Cos.
• Medical Cos. Didn't Show SBA Failed To Investigate Fraud
• Payment Co., Ex-Exec Settle FTC Fraud Claims For $40M
• Real Estate Rumors: Kushner, Zaragon, JP Morgan
• 5 Tips For Emergency Relief Petitions During COVID-19
• Key Return-To-Work Considerations For Law Firms
• Distinct Income Share Oversight Could Reform Student Debt
• Lessons From SEC's Bribery Claim Against Ex-Goldman Exec
• Children Can't Escape Mother's $2M Offshore Account Suit
• Sony Launches $3.7B Takeover Bid For Sony Financial Unit
• Libra Taps Ex-FinCEN, OFAC Director As General Counsel
• Trustee Says Hudson's Bay Played 'Corporate Shell Game'
• SEC Suspends Ex-KPMG Auditors For Alleged Exam Cheating
• Relief Bill Could Shift Paycheck Program's Focus To Biz
• SBA Can't Get Strip Club Loans Order Paused At 6th Circ.
• TD Bank Can't Duck Ex-Worker's ADA, FMLA Bias Claims
• 2 Alliant Overdraft Fee Plaintiffs Head To Arbitration
• Litigating Lending Agreements During And After Pandemic
• Synovus Wants Accountants' Suit Over PPP Fees Tossed
• Banks Fight To Nix Exchange's Boycott Conspiracy Suit
• A Creative Solution For Teaching Local Practice In Law School
• Student Lender Says It Hasn't Suspended Rate Cuts
• Key Issues In Pandemic-Induced Contract Disputes
• New Banking Rule Could Free Up $55B Amid Pandemic
• Remote Investigations May Streamline Path To Asset Recovery
• Mozambique Bank Waits To Strike In Credit Suisse Fraud Fight
• Equifax Inks $30M Deal With Credit Unions Over Data Breach
• Nat'l Collegiate Owner Blames 'Bad Actors' In Chancery Suit
• Del. Justices Uphold Toss Of Suit Over $65M Lending Co. Sale
• 3 Ill. Men Charged With Pilfering $5.3M From Auto Lender
• FINRA Says Merrill Lynch Gave Unregistered Exec Key Duties
• Bipartisan Bill Would Give PPP Loan Recipients More Time
• Big Banks Seek Exit From Suit Over Third-Party Investments
• Making Law Firm Panels Work For The Cost-Conscious GC
• Inside The First Paycheck Protection Program Fraud Charges
• US Bank Says Rehashed 'Champerty' Stance Won't Save Suit
• Coronavirus Q&A: DLA Piper Real Estate Leaders
• Capital One Judge Skeptical That Breach Report Is Privileged
• Md. Digital Ad Tax Likely To Share Fate With Wash. Bank Tax
• Distressed Debt Tax Opportunities For Foreign Investors
• Manafort's Release Helps Spring Ex-NFL Lineman From Prison
• Miami Boutique AXS Law Adds Expert In Cross-Border Deals
• 'Buy Now, Pay Later' Services Face Increased Calif. Regulation
• UK Litigation Roundup: Here's What You Missed In London
• Morningstar Analysts Helped With Marketing, SEC Says
• Chapman And Cutler Snags Fintech Expert As Partner
• Lender Inks $18M Deal In CFPB Credit Report Abuse Suit
• GOP Batters House COVID-19 Package Over Pot Banking Bill
• Chancery Rules Out Fast Trial Over Busted AmEx Global Deal
• Pot Banker Says Client Can't Bring $3M Suit In Federal Court
• Deals Rumor Mill: Uber, CVC Capital Partners, Thyssenkrupp
• Liability Management Transactions Accelerate Amid Pandemic
• BNY Mellon Pushes For Toss Of Trust Fund Selection Suit
• 'Wolf Of Wall Street' Producer Pays $107M To Exit 1MDB Case
• Pandemic Presents Teamwork Test For Law Firms
• PHH Mortgage Accused Of Sending Inflated Payoff Statements
• Real Estate Rumors: Goldman, Rampante Realty, Grupo Eco
• 'Biased' Juror Letter To SEC Unsealed In Adviser Fraud Case
• Father Of CMBS Says Virus Could Destroy Sector
• Goldman Wants Full 2nd Circ. Review Of Split Panel's Ruling
• 9th Circ. Judge Wary Of Chase Escrow Suit's 'Massive Impact'
• Recipients Of PPP Loans Under $2M Won't Face Review
• Focus On Crypto As FinCEN Chief Warns Of Financial Crime
• BBVA Must Face Claims It Squandered $47M In Retiree Money
• 'Love & Hip Hop' Star Charged With $1.5M Virus Loan Fraud
• Engineer Accused Of Inventing Biz For $13M In Virus Loans
• AmEx Anti-Steering Suit Headed Back To Calif. State Court
• Judge Points To Manafort In Ex-NFLer's Early Release Hearing
• Dems Want Fed, Treasury To Bar Mergers By Bailed Out Cos.
• Real Estate Rumors: Lindy, Realterm Logistics, Nationwide
• 2 Key NY Law Considerations For COVID-19 Contract Disputes
• 8 Tips For Retaining An Expert During COVID-19 And Beyond
• BofA Can't Escape Negligence Suit Over Fraudulent Account
• Tribe Says Virus Crippled Ability To Fight Casino Loan Suit
• Public Injunctive Relief Vs. Arbitration: An Ongoing Debate
• Optimism Rising Among Private Lenders During Pandemic
• Mastercard Tells Justices £14B Class Action 'Overblown'
• Paul Manafort Released From Prison Amid COVID-19 Fears
• NY Times, WaPo Sue Gov't For Info On Virus Relief Loans
• Lawmakers Press Banking Regulators On COVID-19 Lending
• Sens. Advance WH Lawyer Tapped For Virus Relief Watchdog
• Canadian Court Upholds Bank Of Montreal's US Loan Scheme
• Wedbush Hires Ex-BNY Mellon Vet As Compliance Chief
• ResCap Says Lending Tree Must Cough Up $68.5M Judgment
• BNY Mellon Says It Had No Duty To Foundation In Settlement
• Borrowers Seek $49M Atty Fees In BofA, Countrywide Case
• What It's Like To Move From Army JAG To BigLaw
• Navigating Loan Doc E-Signatures Under The CARES Act
• Arnold & Porter Hires Privacy Pro From Venable
• House Dems Add Cannabis Banking Protections To Virus Bill
• Justices Probe House Panels' Authority To Seek Trump Docs
• Morgan Stanley To Pay SEC $5M Over Wrap Fee Accounts
• SBA Has To Offer COVID-19 Loans To Strip Joints, Judge Says
• CFPB Finalizes Wider Safe Harbor For Remittance Rule
• Bank Regulators Tweak Approach To Loan Risk Reviews
• Coronavirus Q&A: Bilzin Sumberg's Bankruptcy Leader
• Debt Collector Wins 2nd Bid To Arbitrate Credit Card Suit
• How Law Firms Can Maximize COVID-19 Insurance Coverage
• Feds Oppose Video Sentencing For Ex-Goldman Sachs Banker
• Protecting Privilege When Communicating With Contractors
• E-Trade Case Clarifies Calif. Trade Secret Royalty Framework
• EU Signs Off On French Export Aid During Pandemic
• China's UP Fintech Seeks to Shed IPO Class Action
• Indian Tycoon's Extradition Case Over $2B Fraud Begins In UK
• Lender Can't Get 'Veto' Over Travelex Restructuring
• OCC's New Bank Exam Chief On Prepping For Next Downturn
• Judge Won't Police Attys' Arb. Talk In Goldman Sex Bias Suit
• AmEx, Retailers Set Anti-Steering Suit Up For New Appeal
• Wells Fargo Wants COVID-19 Lending Policy Suit Tossed
• House Panel Pushes Public Cos. To Return Small-Biz Loans
• Fed Shelves 'Non-Critical' Bank Exams Amid COVID-19 Focus
• Wash. Tax Illegally Targets Out-Of-State Banks, Judge Rules
• Marijuana Groups Want Banking Help In Virus Aid Legislation
• Trump Subpoena Suits Not Mere Political Spats, Justices Told
• Consumer Lender Earmarks $21.7M To Resolve FCPA Probe
• Virtual Caucuses Can Improve The Mediation Process
• Psychedelic Meds Are Opening A New Frontier For Legal Work
• FINRA Wants To Serve Docs By Email Amid Crisis Challenges
• No Release For Elderly Architect Of $220M Loan Scam
• How To Assess Accounting Materiality Amid Economic Crisis
• OCC's New Bank Exam Chief Talks COVID-19 And Beyond
• Southland Ch. 11 Creditors Can Retain Financial Advisers
• Chancery Wants Student Loan Trust Fee Feud Resolved Fast
• Wrong Address Wipes Out $4M Judgment Against MMG Bank
• PayPal Looks For Win In Challenge To CFPB's Prepaid Rule
• CFPB Denies Claim Of A 'Secret Rule' For Student Loans
• Indian Banks Say Essar Settlement Doesn't Have Their OK
• Financial Cos. Face CARES Act Litigation, Enforcement Risks
• CFTC's 'Actual Delivery' Test For Digital Assets Misses Mark
• Main Street Lending Program Offers Liquidity With Limits
• Texas Bank Seeks Redo In $62M Winstead Malpractice Suit
• Experian Accused Of Stealing Analytics Co.'s Trade Secrets
• Wells Fargo's $83M Film Fraud Arbitration Award Confirmed
• What All Attorneys Can Learn From Female Rainmakers
• Greenberg Traurig Grows Philly Real Estate Practice
• SEC Spars With Blockvest Over Sanctions Recommendation
• Bradley Arant Adds Veteran Finance Partner In Dallas
• Utility Debt Collector Accused Of False Credit Reporting
• Calif. Biz Accuses Nonbank Lender Of PPP Foul Play
• UK Litigation Roundup: Here's What You Missed In London
• Far Point Board Rescinds Support For €2.3B Global Blue Deal
• DOJ Nabs 'Largest Ever' $49M Forfeiture In 1MDB Clawback
• Hedge Fund Exec, Trader Tell 2nd Circ. Trial Was Flawed
• Hotel Operators End CMBS Trustee Suits Over Relief Loans
• Ex-NFLer Won't Get Prison Release Due To Virus Just Yet
• Firm Wants FINRA Award Nixed After 'Inattentive' Zoom Panel
• SEC Fines Bloomberg Tradebook $5M Over Order Routing
• Libra Names HSBC Legal Chief, Ex-Sanctions Czar As 1st CEO
• Merchant Cash Advance Co. Can't Fully Slip NY Fraud Suit
• FINRA Bars Ex-SEC Atty Accused Of Cheating On Exam
• Fed Liquidity Rule Aims To Free Up Cash For Virus Relief
• Ex-Deutsche Traders Ask 2nd Circ. To Nix Libor Convictions
• What Hospitality Cos. Should Know About Virus Relief Funds
• An Early Look At Congressional Oversight Of The Pandemic
• PPP Loan Scrutiny Requires Immediate Borrower Attention
• NY Judge Linked To Reed Smith Reluctantly Recuses Himself
• Promoting Lawyer Well-Being Is More Essential Than Ever
• Davis Wright Nabs Ex-Hogan Lovells Financial Services Atty
• NY Judge Rips 'Terrible' Conditions At NYC Federal Jails
• Admin. Atty Vows Independence As Virus Relief Watchdog
• 6th Circ. Rules Exec's Ch. 7 Can't Block IP Theft Judgment
• Deutsche Bank Picks New General Counsel From Within
• Treasury, SBA Sued Over PPP Loan Eligibility Guidance
• Should Companies Return Their PPP Loans?
• Robinhood Taps WilmerHale Atty, Ex-SEC Commish As CLO
• Exchange Insists Bank Conspiracy Suit Can Survive Changes
• GreatBanc Accused Of Violating ERISA In Hostile Takeover Bid
• Remote Depositions Bring Ethics Considerations For Lawyers
• Ruling On Anti-Hacking Law May Guide Fair Lending Tests
• Wall Street Giants Get Green Light To Launch New Exchange
• More Reasons To Redesign The Open Office Post-Pandemic
• Citigroup Hit With Suit Over 'Confusing' COBRA Notice
• Feds Bring First Pandemic Relief Fraud Case
• Venmo Users Say Plaid Secretly Sold Bank Account Info
• Boeing Wants 737 Max Contract Suit In Wash. Federal Court
• Hotel Operators Say PPP Shouldn't Jeopardize Old Loans
• COVID-19 Raises Financial Crime Risks, Report Says
• Crypto 'Miners' Ponzi Suit To Focus On Liability First At Trial
• Pa. Loan Servicer Gets Fed Law Claim Clipped From NY's Suit
• As Investor Suits Tick Up, Loss Causation May Be A Hard Sell
• JPMorgan Chase Spoofing Treasury Futures Market, Suit Says
• Scott + Scott Looks To Lead FICO Antitrust Suits
• State Of Class Certification
• Attys Seek $20M In Fees After $79M Wells Fargo ERISA Deal
• Preston Hollow Seeks $100M In Del. For Nuveen Defamation
• Early Pandemic-Related Shifts We're Seeing In Legal Finance
• COVID-19 Gives Congress Greater Incentive To Pass SAFE Act
• Equal Pay Trumps Admin Woes, Lloyds Pensioners Say
• The Death Of The LSAT
• Wharton Professor Urges 2nd Circ. To Back Fintech Charter
• 7th Circ. Judge Rips Chase's 'Intransigent' Mortgage Handling
• Calif. High Court Rules No Jury Needed For False Ad Charges
• Wilmington Trust Pays $88M To End DOL ESOP Suits, Probes
• Merchants Want Judge Linked To Reed Smith Off PNC Case
• MUFG, RBC Escape Opt-Outs' Forex-Rigging Suit
• Feds' Loan Actions Not Enough To Keep Drillers Afloat
• Purdue Creditors Get OK For Sackler Bank Subpoenas
• Wells Fargo Dismissal Bid Blasts 'Revisionist' Borrowers
• PPP Loan Standard Of Necessity Hinges On Documentation
• DOJ Says Pair Tried To Help Iran Military Buy Oil Tanker
• UK Litigation Roundup: Here's What You Missed In London
• DOJ Should Issue No-Action Letters For Marijuana Industry