Banking Archive » June, 2020

Banking - June, 2020

337 articles

• Biz Owners Barred For Criminal Past Win PPP Extension
• Mnuchin Says He'll Look At PPP Agent Fee 'Confusion'
• Time To Comply With SEC Regulation Best Interest, Form CRS
• Ex-Wilmington Trust Brass Seek To Scotch Fraud Convictions
• Visa, Mastercard Attack Cert. Bid In ATM Fee Antitrust Suit
• 2nd Circ. OKs $20M Award For Madoff Investor Class Attys
• Halkbank Case May Be A Slog In The COVID-19 Age
• US Should Launch Digital Dollar Pilot, Legislators Told
• Skadden Steers $700M IPO For Goldman Sachs SPAC
• Ex-Fla. Bank Executives Can't Escape Trade Secrets Suit
• What You Say In Online Mediation May Be Discoverable
• Mexican Retailer Grupo Famsa Seeks To Exit Ch. 11 In August
• Nonbank Lender Urges Calif. Judge To End PPP Suit
• Robbins Geller Appointed To Lead Fifth Third Investor Suit
• House OKs Bid To Block New Community Lending Rules
• High Court's CFPB Ruling May Leave Other Agencies Exposed
• 2nd Circ. Rejects Challenge To SEC's Regulation Best Interest
• House Approves New Rules For Credit Reporting
• Bank Compliance Risk 'Elevated' Due To COVID-19, OCC Says
• AT&T Again Seeks To Pare Down $2M Crypto Theft Suit
• 20 Years Later, E-Sign Act's Transformative Impact Continues
• Keeping Data-Breach Reports Confidential After Capital One
• Texas Distribution Co. Seeks $29M For KN95 Mask Order
• Treat Hemp Like Any Other Industry, FinCEN Urges
• High Court Denies Appeal From Payday Lending 'Godfather'
• A Legal Guide To What Happens Next In US Atty Berman Saga
• Mass. Court Deadline Tolling Will Cause Problems For Years
• Justices Won't Hear Ex-Greenberg Atty's Fight With OCC
• 10 Tips For A Successful Remote Arbitration Hearing
• High Court Says CFPB Director Can Be Fired
• Investors Can Grill HSBC On 2018 Forex Deal, Judge Says
• JPMorgan Can't Beat DOL's Gender Pay Bias Suit
• High Court's SEC Enforcement Ruling Has Tax Consequences
• Italian Utilities Purchase Fight Shouldn't Be In Pa., Court Told
• Russian National Sentenced To Nine Years For Cyber Fraud
• 4 Firms Steer 2 Blank-Check Cos.' IPOs Totaling $505M
• To Achieve Diversity, Law Firms Must Reinvent Hiring Process
• Virus, Regs Highlight Need For Model State Whistleblower Law
• Fort, Cobalt Guide $51M Estonia Office Building Trade
• What Hong Kong Policy Shift Means For US Finance Cos.
• UK Litigation Roundup: Here's What You Missed In London
• Coronavirus Q&A: Fox Rothschild Real Estate Leader
• Chubb Aims To Ax Target's Data Breach Coverage Claim
• Capital One Must Divulge Breach Report Despite Protests
• FBI Probe Can't Freeze SEC's $35M Fraud Suit, Judge Says
• Volcker Rule Rollback Opens Up Private Funds To Banks
• Cybersecurity Steps For Law Firms Amid Heightened Risks
• Madoff Recovery's Next Steps After Justices' Petition Pass
• Borrower Insights For Maximizing PPP Loan Forgiveness
• Ex-FinCEN Head Faces Compliance Nightmare At Wirecard
• Advocates Sue Over Community Lending Rules Overhaul
• Sens. Advance Bill To Have Watchdog Probe DOJ Attys
• Senate Backs New Sanctions Over China's Hong Kong Policy
• Congress Could Still Pass Cannabis Legislation In 2020
• SEC Chief Asked Trump For Berman's Job Days Before Ouster
• FDIC Board Approves Valid-When-Made Rule, Mirroring OCC
• Sweden Fines SEB $106M For Anti-Money Laundering Failures
• Telegram Agrees To Pay SEC $18.5M To End Offering Claims
• Central Banks Urged To Fast-Track Digital Currency Adoption
• German Prosecutors Charge Lawyer In Tax Scandal Probe
• SEC Examiners Say Private Funds Falling Short In Key Areas
• EY Bias Accuser's Arbitration Cost Dispute Sent To Arbitrators
• NY Looks To Push BitLicense Program At 5-Year Mark
• Brazil Halts Cielo Payments Through Facebook's WhatsApp
• High Court Should Review Goldman's Maintenance Theory
• What New Syria Sanctions Mean For US Companies
• SocGen Unit Settles Blue Sheet Violation Claims For $3.1M
• TD Bank Accused Of Opening Accounts Without Permission
• It's Time For Law Firms To Support Work-From-Home Culture
• Republicans Keep Confirming Unqualified Judicial Nominees
• How Trump Forever Changed Judicial Nominations
• Debt Relief Co. Will Pay $3.6M To Consumers, NY AG Says
• Justices' Liu Ruling Creates More Questions Than Answers
• Mortgage Servicer Agrees To $17M Relief In NY Settlement
• Black-Owned Investment Firm Accuses NJ, BlackRock Of Bias
• Banking Oversight To Include 'Flexibility' During Pandemic
• Chinese Fintech Co. Must Face Securities Suit, Investors Say
• High Court Missed Chance To Define SEC Enforcement Limits
• 5th Circ. Says Bankruptcy Court Overstepped In Biz Loan Suit
• Tips For Crafting The Perfect Law Firm Alert
• Thomas Gira, Head Of Market Regulation At FINRA, Dead At 58
• JPMorgan Looks To Ax Firm's $10M Suit Over Fund Transfer
• 5 Takeaways From Capital One Breach Report Dispute
• PPP Fraud Actions Highlight Importance Of Lender Vigilance
• CFPB Pitches Plan To Replace Expiring Mortgage Regs 'Patch'
• Fears Of Stablecoin Dominance Inflated, Fed Paper Suggests
• Deutsche, US Unit Face Suit Over Tokyo Traders' Spoofing
• SEC Chair's Nomination To Lead SDNY Raises Eyebrows
• Slovakia Kills Tax On Banks In Return For Financing Program
• Man Tried to Defraud Virus Pay Program Of $13.5M, DOJ Says
• Judging A Book: Elrod Reviews 'Shortlisted'
• Mandatory State Bars Likely To Remain Intact, For Now
• 2nd Circ. Puts $1.7B Iran Terror Asset Case Back In NY Court
• Libra, Fedcoin Could Competitively Threaten Payment System
• High Court Preserves SEC Disgorgement, With Limits
• Shock, Disappointment In SDNY Circles Over Berman Ouster
• The Law Behind The Strange Departure Of US Atty Berman
• After Standoff With Barr, Manhattan US Atty Steps Down
• Defiant Berman Says He Isn't Quitting Manhattan US Atty Post
• Trump Admin. To Release Info On Large PPP Loan Recipients
• Fed's Quarles Outlines Stress Test Approach Amid Pandemic
• 7th Circ. Says Chubb Has No Duty In Bank's Franchise Row
• Judge To 'Wrestle' With Cert. Bid In PNC Unpaid Wage Case
• SEC Awards $700K To Whistleblower For By-The-Book Help
• PHH Mortgage Aims To Sink Action Over Payoff Statements
• COVID Crimes: Feds Set To Boost White Collar Crisis Cases
• M&A Ruling Shows Importance Of Informing Target Boards
• 11 Keys To Success At Remote Mediation
• Boies Loses 4 More Litigators To King & Spalding
• Banks Cash In On PPE, But Risks Could Haunt Them
• Pa. Atty Will Settle SEC Ponzi Claims For $1.15M
• Banks Refusal To Fund Drilling Discriminates, Say Alaska Pols
• CFPB Urges CARES Act Compliance As Complaints Surge
• Texas Justices To Review Trade Secret Sealing In $706M Suit
• UK Litigation Roundup: Here's What You Missed In London
• Wirecard CEO Resigns, Says Missing €1.9B Could Be Fraud
• 3 Trends Underlying The Boom In Blank-Check IPOs
• Credit Suisse Exec Must Pay $1.5M For Jefferies Job No-Show
• Citing 'Qualms,' 3rd Circ. Remands M&T Merger Action
• Senate Bill Would Curtail Data Use, Create New Privacy Cop
• CFPB Rolls Out Pilot Program Offering Advisory Opinions
• SEC Told More 'Accredited Investors' Could Benefit Minorities
• Trump Taps SEC Senior Counsel For Dem Commissioner Seat
• ATM Co. Says Pot Dispensary Stole Machine, $31K In Cash
• Full 9th Circ. Not Interested In Reviewing Autodialer Definition
• DOL Asks If New 'Pooled' Retirement Plans Must Skirt ERISA
• BNY Mellon Not A Fiduciary In Settlement Talks, Judge Says
• Philly Firm Sues Santander Over Botched PPP Loan Rollout
• Largest US Mutual Bank Unveils $1.5B Go-Public Plans
• Pandemic Could Bring Student Exodus From Legal Profession
• Deals Rumor Mill: Bombardier, Thyssenkrupp, CureVac
• CFTC Fines Deutsche Bank $10M Over Reporting, Spoofing
• Judge Shields Telegram Investor Names And Bank Records
• NJ High Court Frees TD Bank From Forged Checks Suit
• Wells Fargo Will Pay Up To Nearly $20M In DACA Suit Deals
• PNC, Fla. Hotel Developers Seek Exit From EB-5 Fraud Suit
• Wilson Sonsini, Kirkland Lead Crypto Mining Co.'s $106M IPO
• Feds Unveil Simplified Application For PPP Loan Forgiveness
• How To Handle Congressional Queries On COVID-19 Relief
• The Privilege Implications Of Using Online Collaboration Tools
• Auditor Takeaways From Financial Regulators' Virus Guidance
• US Hits Syrian Gov't With Sanctions To Force Peace Talks
• 2 Firms Steer Finance-Focused Blank Check Co.'s $450M IPO
• Ex-Mt. Gox CEO Can't Duck Bitcoin Exchange Fraud Suit
• Real Estate Rumors: Rialto, Inter Miami, Baywood Hotels
• Amend Bankruptcy Code To Add Oversight For CBA Changes
• Bank Lobby Chief Quits Ahead Of Testimony In Barclays Trial
• Finance System Heavily Exposed To Climate Risk, ECB Warns
• FCA Fines Commerzbank £37.8M For Money Laundering Fails
• After Winning Supreme Court Battle, Adviser Settles With SEC
• Axed Morgan Stanley Diversity Head Alleges 'Systemic' Bias
• 4 Firms Vie To Lead Cannabis Co. Stock Drop Suit
• Powell Says Fed Keeping Its Aim Broad With Lending Powers
• Wells Fargo Will Pay Maryland $20M To Settle RMBS Claims
• Judge Probing SocGen's Scandal-Linked $2.5B Tax Credit
• Judge OKs $77M Fees In Fannie, Freddie Bond Price-Fix Suits
• Wells Fargo Investors Say Objector 'Extorted' Bank For $1.75M
• SEC Lacks Authority For Fee Pilot Program, DC Circ. Rules
• How COVID-19 Will Transform Real Estate Loan Docs: Part 2
• Capital One, Consumers Clash On Data Breach Disclosure
• SEC Allows Towns To Sell Securities To Banks Amid COVID-19
• Confronting Mental Distress In The Legal Profession
• EY Accused Of Taking Ryan LLC's Energy Tax Trade Secrets
• Banks May Need To Update Policies To Fight COVID-19 Fraud
• UK Watchdog Probes Visa's Planned $5.3B Deal For Tech Co.
• Apple Faces EU Antitrust Probes Over Payments, App Store
• CFTC Chief Makes Case For 'Principles-Based' Regulation
• House Panels Set Deadline For Agencies To Release PPP Data
• China's Relaxed Financial Sector May Aid Foreign Investors
• 2nd Circ. Denies Goldman Another Chance To Decertify Class
• Justices' Cert Snub Perpetuates Commodities Act Uncertainty
• What's Missing From The PPP Flexibility Act
• How COVID-19 Will Transform Real Estate Loan Docs: Part 1
• Litigation Finance Investments Are Not Risk-Free Loans
• Fed To Resume Bank Exams After Scaling Back For Pandemic
• LendingClub Investors' Suit Over FTC Probe Needs Rewrite
• Barclays Questions PE Chief's Memory In Crisis-Era Suit
• How White Privilege Helped Me Succeed In BigLaw
• NY's Top Financial Regulator Talks Relief, Recovery And More
• CFTC Alleges $3M Multilevel Marketing Forex Trading Scheme
• Hotels In Pandemic Freefall Struggle To Avoid Default
• Italian Insurer Generali Pays $257M To End BSI Arbitration
• BEA Data Collection Challenges Amid Pandemic Closures
• March Trading Halts May Complicate Securities Class Actions
• The COVID-19 Arguments Cos. Are Making In M&A Litigation
• 3rd Circ. Says Bank Not To Blame For Imaging Center's Failure
• Counsel Nabs $7.4M For $18.5M Deutsche Bank Deal
• FINRA Extends COVID-19 Remote Work And Deadline Relief
• Lone Star Laterals: Sheppard Mullin, Katten, Locke Lord
• Ex-Bank Exec Gets Expense Cut After £780M Fraud Judgment
• UK Litigation Roundup: Here's What You Missed In London
• Capital One Claims Breach Disclosure Order Is 'Unworkable'
• Stars Align For Clarity In Fintech Banking Regulations
• Chase Inks $62M Deal With Military Class In Overcharge Suit
• SBA Sued Over Criminal History Bar For Biz Relief Loans
• NJ Man Cops To Low-Income Loan And Investment Scheme
• Attys Sued For 'Outrageous' Harassment Over Service
• Google To Ban Targeted Housing Ads Based On Postal Code
• Steps For Commercial Real Estate Lenders As Biz Resumes
• Congress Must Create More Private Rights Of Action
• Keys To A Thriving Biz Development Culture At Your Law Firm
• Cay Clubs Exec Seeks Reversal Of $300M Fraud Conviction
• TALF Update Likely Won't Affect CLO Market
• US Bank Must Face $25M Bond Fraud Claims At Trial
• Bankrupt NY Dioceses Not Entitled To $2.8M Virus Relief Loan
• PE Chief Defends Her Role In Barclays Deal At Fraud Trial
• VC-Backed Fintech Bill.com Prices Upsized $535M Offering
• SFO Ends Pursuit Of Traders Accused Of Rigging Euribor
• Colo. Court Says Bank's Interest Rates Can't Pass To Nonbank
• FTC Says NY Finance Co. Stole Assets From Nonprofits
• Shearman Grabs Financial Regulatory Pro From Cadwalader
• 3rd Circ. Rejects Kohl's, Capital One Credit Card Suit
• SDNY Judge Probes Prosecutor Conduct In Sanctions Case
• How Video Mediation Can Help Us Serve Clients Better
• UBS Accuses Ex-Worker Of Bolting With $97M In Accounts
• Tips For Broker-Dealers To Avoid Scams During COVID-19
• Libra Scoops Credit Suisse, Goldman Vet As Compliance Chief
• Coronavirus Q&A: Becker & Poliakoff's Real Estate Leader
• Mnuchin Casts Doubt On Capital Gains Tax Cut In Virus Bill
• Arnold & Porter Guides $50M Credit Agricole NYC Hotel Loan
• Senate Dems Want 2nd Round Of PPP Loans For Small Biz
• NY Collection Law Firm Calls For Merging Dueling CFPB Suits
• Mental Health Efforts Will Support Diversity In Legal Industry
• Ransomware Hits Soar With No Relief In Sight, Insurer Says
• 2nd Circ. Rejects Appeal Of Convicted Bank Fraudster
• Vendor Tells Consumers To Ask Congress About Tribal Usury
• Debt Collector Accused Of Sharing Private Info In Pa. Court
• Student Loan Tax Aid Gains Traction In Pandemic Relief Talks
• CFTC Awards Whistleblower $6M, Slams 'Baseless' Objection
• How The Gov't Is Cracking Down On PPP Fraud
• Fair Lending And The Use Of Alternative Underwriting
• Linklaters, JP Morgan And More Invest $27M In Legal Tech Co.
• 4 Firms Fight To Represent Shareholders In Fifth Third Suit
• Pot Shop 'Dank Of Oklahoma' Drops Name To End TM Fight
• Goodwin Faces Sanctions Bid Over Witness Gamesmanship
• Mortgage Industry Should Prepare For Forbearance Scrutiny
• Advance Fee Fraudster Who Claimed Royal Ties Gets 14 Years
• Ex-Goldman Banker Avoids Prison For Passing Insider Tips
• Valuing Firms In A World Of Pandemic-Induced Bankruptcies
• Barclays Calls PE Firm's Crisis-Era Fraud Suit 'Nonsensical'
• 11th Circ. Affirms Sentence For 'Brazen' Fraudster, Texas Atty
• 9th Circ. Told Objectors Hindered Wells Fargo Fraud Deal
• Feds Drop Post-Conviction Case Against Iranian Businessman
• Fed Says It's Expanding Main Street Lending Program
• World Bank Predicts 5.2% Virus-Related Economic Decline
• BNY, Royal Park Return With More Info On $925K RMBS Deal
• Dentons Helps With $25M Manhattan Bank Of America Loan
• Real Estate Rumors: Wells Fargo, Ceruzzi, PNC Bank
• Why Fla. Courts Are Split On Unfairness Under Consumer Law
• Investors Can't Recoup $4.2M From Hedge Fund Fraud Losses
• Civility Could Be Litigators' New Normal Even Post-Pandemic
• PE Firm Kicks Off £1.6B Fraud Trial Over Barclays' Funding
• Blackstone Cuts Proposed NIBC Deal Price To Just Over €1B
• DC Accuses Elevate Of Pushing Predatory Loans
• Nonprofit Says HUD Lied About Loan Policy For Dreamers
• DC Circ. Sends 14-Year Case Over Data Fees Back To SEC
• Crackdown On Chinese Cos. Could Be A Double-Edged Sword
• As SEC's Reg BI Deadline Looms, Firms Face A 'Very Big Lift'
• OCC's Interest Rate Transfer Rule Is No Madden Panacea
• KeyCorp Accused Of Stuffing 401(k) With Excessive Fees
• Bank Agencies Must Sift Thousands Of Capital One Docs
• Law Firms Must Beware Risks In Nontraditional Financing
• Fintech Shift4's Shares Soar After $345M Latham-Led IPO
• Investors Sue Wells Fargo Over Wave Of PPP Litigation
• Taxation With Representation: White, Kirkland, Skadden
• Bipartisan Bill Seeks PPP Access Despite Criminal Records
• A Creative Strategy For Repaying PPP Loans
• UK Litigation Roundup: Here's What You Missed In London
• CFPB Tackles Libor Transition In New Guidance, Reg Proposal
• OCC Initiates Push To Reassess Banking Innovation Rules
• CFTC Closes 'Loophole For Bad Actors' With New Rule
• Cboe Can't Stop Doc Request Over VIX Manipulation
• Merrill Lynch Repays Clients $7.2M But Dodges FINRA Fine
• Ex-Goldman Exec's 1MDB Trial Reset For 2021
• Titan Of The Plaintiffs Bar: Robins Kaplan's K. Craig Wildfang
• 2 Tested Alternatives To Unavoidable Court Delays
• Minn. Ruling Represents Sensible Stance On Legal Finance
• JPMorgan Seeks Dismissal Of Escrow Interest Suit
• Bernie Madoff Denied Compassionate Release From Prison
• DOJ Clears Schwab Acquisition Of TD Ameritrade
• Senate Sends PPP Loan Flexibility To Trump's Desk
• Bipartisan Pair Of Sens. Want More Disclosures On PPP Loans
• Calif. Sues DeVos For Public Service Loan Forgiveness Failure
• It's Getting Harder To Hide Consultants' Data Breach Reports
• 2nd Circ. Affirms Pair's $2B Payday Loan Scheme Convictions
• Bank Groups Push Auto Forgiveness For Some PPP Loans
• NY Regulator Inks Fintech Cooperation Accord With France
• 8th Circ. Revives Ponzi Suit Against JPMorgan, Other Lenders
• Credit One Liable For Robocalls To Kid's Cell, 9th Circ. Says
• Feds Fight Crypto Fraudster's Release Bid After Just 8 Months
• BofA Accused Of Soaking Cardholders With Autopay Options
• Best Practices For A Paperless Law Practice
• How Minority Shareholders Can Limit FTC Antitrust Scrutiny
• A Faster, Cheaper, More Efficient Way To Restructure
• GreenSky Investors Score Class Cert. In IPO Suit
• Full Fed. Circ. Skips Patent Row Over Federal Reserve Banks
• Israel Discount Bank Loans $35M For Manhattan Building
• Bitcoin ATMs Likely To Be Next Crypto Regulatory Hotspot
• Customer Fights Class Cert. Denial In Capital One Suit
• White House Lawyer Confirmed As Virus Relief Watchdog
• Eye On ERISA: Q&A With Cohen & Buckmann's Carol Buckmann
• SEC's Reg BI Defies Dodd-Frank Mandate, 2nd Circ. Hears
• Lender Will Pay CFPB $2M To End Truth In Lending Claims
• 5 Ways A Special IG Can Combat Crisis Relief Fraud
• PNC Accused Of Hassling Breastfeeding Worker Over Breaks
• Lawyers Must Address Racial Injustice With Radical Candor
• Mortgage Servicers Will Bear Brunt Of CARES Act Relief
• Financial Strategies For Oil And Gas Cos. During The Slump
• JPMorgan, Barclays To Pay Mexican Bond Investors $20.7M
• PPP Borrowers Should Prepare For Regulatory Scrutiny
• NY Buyers Should Beware Tainted Claims After Ch. 11 Ruling
• Servicer Seeks To Seize Pittsburgh Development Over $24M
• Battle Against Banks Over Fake Nikes Heads To 2nd Circ.
• 5 ERISA Takeaways From High Court's US Bank Decision
• Cantor Must Face Rival Broker's Poaching Suit In UK
• JPMorgan Can't Nix Fresh Market Sale Suit, But Cravath Exits
• Finance Patent Suit Fails To Survive Alice Challenge
• Organized Crime Scholar Cops To Money Laundering
• OCC Head Says Prolonged Lockdowns Risking Banks' Health
• JPMorgan Seeks To Halt MDL Push Over Virus Relief Loans
• JPMorgan Ducks Ponzi Scheme Claims At 11th Circ.
• Bulk Of FTC's False Ad Suit Against LendingClub Kept Alive
• Pierce Bainbridge Funder Says Firm Defaulted On Debt
• How Lawyers Can Network Better, Virtually And In Person
• Practical Tips For Presenting Your Case To Litigation Funders
• Online Ad Lessons From FTC Lending Marketplace Settlement
• Compliance Tips For Development Bank COVID-19 Projects
• The Past Holds Lessons For COVID-19 Mortgage Cases
• Latham-Led Fintech Shift4 Payments Launches $300M IPO
• Greenberg Traurig Guides $49M Goldman NYC Hotel Loan
• Royal Bank Of Canada Settles Claim It Exploited Virus Crisis
• JPMorgan Hit With Another Futures Spoofing Class Action
• Coronavirus Q&A: Goulston Real Estate Leaders
• Supreme Court Allows $3B Madoff Clawback Ruling To Stand
• Barclays Forced To Give Up PE Firm Legal Docs In Fraud Suit
• High Court Upholds Puerto Rico Financial Oversight Board
• US Bank's Win At High Court Likely Will Reduce ERISA Suits