Banking Archive » July, 2020

Banking - July, 2020

320 articles

• NY Gets Reinforcements In 2nd Circ. Fintech Charter Fight
• Cannabis Bill Roundup: House OKs Protecting State-Legal Pot
• CFPB Pushes Back On NY Firm's Constitutional Challenge
• BNP Fined $650K For Alleged Risk Management Failures
• COVID-19 Puts Ex-Traders' Trial Rights 'In Conflict,' Feds Say
• Opening PPP Loans To Bankrupt Ventures A Welcome Change
• ABA Must Seize Opportunity To Respond To Bar Exam Chaos
• Noble Corp. Hits Ch. 11 With Deal To Cut $3.4B In Debt
• Fintech Can't Halt Sale Of Raphaels Bank's Visa Shares
• Varo Granted National Bank Charter, A First For Fintechs
• UK Litigation Roundup: Here's What You Missed In London
• 3 Changes Coming To The Coworking Sector Amid COVID-19
• Small Businesses Press For Chase Virus Relief Loans MDL
• Paul Weiss-Led Churchill Capital SPAC No. 4 Prices $1.8B IPO
• OCC Head Hits Back At Valid-When-Made, True Lender Critics
• Credit Suisse Merges Compliance, Risk Units In Restructuring
• 6th Circ. Deepens Circuit Split Over Autodialers
• Bank Groups Caution OCC Not To Rush Out Payments Charter
• Harvard Prof Denies New Tax Charges Over Chinese Univ. Gig
• Boeing Aims To Slash 737 Max Private Jet Contract Row
• What NJ Justices Got Right In Lost Promissory Notes Ruling
• HSBC Fights To Slash Stanford Bank's £118M Negligence Suit
• How Pandemic Is Affecting The Pace Of Judicial Opinions
• FinCEN Tells Firms To Be Leery Of Crypto In COVID-19 Scams
• CohnReznick Can't Escape Suit By Platinum Investors
• Feds Say Recusal Bid 'Grossly Distorts' Judge's Statements
• CFPB Head Faces Dems' Ire On Virus Response, Payday Rule
• Major Developments In Fintech Regulation: Midyear Report
• Fired US Bank Exec Accused Of Mafia Ties Wins $17M
• 6 Steps For Law Firms Looking To Improve Their Culture
• NY, Calif. And Ill. Sue To Block OCC's Valid-When-Made Rule
• Harvard Prof Accused Of Failing To Report Wuhan Income
• Wells Fargo Accused Of Fraudulently 'Correcting' Loan Dates
• Bankers Deny Trying To 'Bust Out' Of $1M In Loans
• SEC's Whistleblower Chief Reflects After $500M Milestone
• CFTC Pays $9M In One Of Its Top Whistleblower Payouts Yet
• SEC Launches New Exam Unit To Thwart Emerging Risks
• Regions Bank Says Investor Kited Checks To Cover Fraud
• Fla. Court OKs $14M Deal In FTC Telemarketing Fraud Suit
• Virtual Courts Amplify Lawyers' Corporate Spokesperson Role
• Earnin Users Seek OK For $12.5M Settlement Deal
• Paul Weiss-Led Mortgage Lender Rocket Launches $3.2B IPO
• Key Financial Data Security Takeaways From FTC Workshop
• NJ Biz Relocation Grants Taxable Income, 3rd Circ. Rules
• Target Says Chubb Can't Weasel Out Of Data Hack Coverage
• Student Loan Co. CEO Given 3.5 Years For Debt Relief Scam
• Senate GOP Unveils $1T Virus Relief Package
• Square Defends Ban On Bankruptcy-Related Transactions
• FINRA Says Calif. Firm Failed To Follow Its Own AML Policies
• Pot Credit Card Transactions Didn't Hurt Anyone, Rakoff Hears
• Banks Eye Energy Loan Sell-Off Amid Oil Downturn
• LendingClub Prevails Over Investors' Suit Over FTC Probe
• 2 Rulings Instruct On Eviction Moratorium Constitutionality
• Don't Expect Banks To Shoulder Embezzlement Liability
• Don't Give Ocwen An Early Win, Regulators Tell Fla. Judge
• 8th Circ. Won't Revive Wells Fargo Workers' 401(k) Fight
• Law Firms Must Note Pandemic's Outsize Impact On Women
• Fidelity To Pay $22.5M To Escape TelexFree MDL
• UBS Can't Shake FDIC's Libor-Rigging Claim In UK
• 3rd Circ. Upholds Pa. AG's Navient Claims Paralleling CFPB's
• BofA, Others Escape European Gov't Bond-Rigging Suit
• Feds' Nondisclosure Tests Premium Point Judge's Patience
• Judge Won't OK Atty Fees She Says Equal $7,500 An Hour  
• FDIC Eases Banks' Hiring Rules For Minor Criminal Offenses
• Buyers Denied Cert. In Aluminum Antitrust MDL
• NY Asks 2nd Circ. To Affirm Block On Fintech Charter
• DC Court Rules Alleged Crypto Launderer Dealt In 'Money'
• 10th Circ. Declines Rehearing Of Defunct Bank's Refund Row
• Insurer Must Cover Adviser In 'Rogue' Employee Suits
• The 'Rocket Docket' Show Goes On Despite Setbacks
• 5 Key Takeaways From Texas Appraisal Trade Secret Saga
• Investors Tell SourceHOV To Pay Up On Flawed $2.8B Deal
• Goldman Sachs Strikes $3.9B Deal With Malaysia Over 1MDB
• Coronavirus Q&A: RSP's Real Estate Leader
• UK Litigation Roundup: Here's What You Missed In London
• NCUA Gets Some RMBS Claims Past US Bank's Dismissal Bid
• Huawei Judge Denies Expanded Doc Share With Fugitive CFO
• CFTC Scales Back Oversight of Cross-Border Swaps Trading
• CFPB Settles With Foreclosure Relief Services Co. For $3M
• Coronavirus Litigation: The Week In Review
• Data Analytics Biz Quantexa Raises $64.7M To Boost Growth
• GOP Virus Aid Plan Stalls Despite Deal On PPP, Taxes, Checks
• SC Attys Want CFPB's Pension Loan Suit Tossed Post-Seila
• PennyMac Steering Black Knight Dispute Toward Arbitration
• Colombia Auctioning $366M Real Estate Portfolio Via US Co.
• FDIC Head Says Banks Facing 'Marathon' With Pandemic
• Carlton Fields Nabs Baker Donelson Trial Vet In Atlanta
• Immunizing Banks From Libor Liability Could Hurt Consumers
• AMC Fights Investor Cert. Bid In Securities Class Action
• JPMorgan Chase Cuts Deal To End Fraud Investigator OT Row
• Educational Tools May Bring Regulatory Risk For Fintech Cos.
• Judge Scolds Gibson Dunn, Co-Counsel For 'Nonsensical' Jab
• Fidelity Says Ex-VP Fled To Merrill Lynch With Trade Secrets
• Pandemic Lays Bare The Inequities Inherent In The Bar Exam
• Real Estate Firm IMH Hits Ch. 11 To Become JP Morgan Unit
• Early Appeal Denied In Investors Bancorp Stock Award Suit
• Goldman Sachs Compliance Pro Joins US Olympics As CCO
• Chase Owes Accountant Fees For PPP Work, Suit Says
• Atty Sanctioned After Missing Hearing, Blaming Technology
• 4th Circ. Affirms Investors Can't Arbitrate Tribal Lender Claims
• Crypto Exchange, Execs Pay $1.7M In Wash Trading Scandal
• Understanding The 5 Stages Of Mediation In A Virtual World
• A Financing Strategy Hospitality Cos. Can Turn To Right Now
• Fending Off Bankruptcy Preference Claims During Pandemic
• Increased Forum Shopping For US Discovery Likely After Guo
• Managing DOL Fiduciary Rule's Overlap With SEC, Mass. Regs
• How Tolling Orders May Complicate NY Mortgage Collections
• OCC Says Banks Can Offer Crypto Custody Services
• Barclays Taps Exec For New GC As Hoyt Steps Down
• Senate Dems Question Peirce's Record At SEC Nom Hearing
• Pivotal Software Escapes Investors' Stock-Drop Suit
• YouTube Says It Can't Be Held Liable For Crypto Scam Vids
• Dodd Says Namesake Bill Saved Economy From Coronavirus
• Swap Regs Still A Work In Progress As Dodd-Frank Turns 10
• PowerPlan Accused Of Phony Threats In $47M Monopoly Suit
• Effort To Unmask Shell Corp. Owners Added To Defense Bill
• Borrower-Friendly Changes Don't Solve All PPP Issues
• Senate Banking Panel Advances Trump's Latest Fed Nominees
• Longfin Consultant's Bid To Change $24M SEC Deal Denied
• Disclosing Compliance Lessons To DOJ Presents Catch-22
• Nuveen Faces New Antitrust Suit Over Alleged Preston Hollow Boycott
• Pandemic May Change The Way We Design Our Courthouses
• Raydon, Ex-Worker Reach Deal In Suit Over $60.5M ESOP Buy
• OCC Proposes Rule To Settle 'True Lender' Question
• Sens. Want Assurance That Small Firms Can Reapply For PPP
• 9th Circ. Upholds $142M Wells Fargo Fraud Deal
• FDIC Eyes Partnership Program To Ease Fintech Collaboration
• UBS To Pay SEC $10M Over Muni Bond 'Flipping' Scheme
• Capital One Customer Gets Another Shot At Class Cert.
• 2nd Circ. Upholds Turkish Banker's Conviction
• Longtime Morgan Stanley Adviser Cops To $6M Fraud
• 10 Years Of Dodd-Frank: Looking Back, And Ahead
• Expert Witness Sues Levi & Korsinsky For Unpaid Fees
• Mediator Confidentiality Promises Carry Serious Risks
• Student Loan Scammers Must Cough Up $27.6M In FTC Case
• $12.6M Deal In Forex Rigging Suit Gets Initial OK
• Justices Won't Fast-Track Trump's House Subpoena Case
• Despite 2nd Circ. Ruling, Discovery Statute's Reach Grows
• 9th Circ. Reverses Convictions Over Witness Impeachment
• Top Payment Cos. Embrace Innovation With Fintech Buys
• Cannabis Bill Roundup: Mo. Medical Pot Regime Takes Shape
• FTC's $46.8M Fine For Payment Platform Gets Judge's OK
• Trump Administration Open To Forgiving All Small PPP Loans
• Navient Trashes CFPB's Bid To Win Student Loan Suit
• 4 Considerations For CMBS Loans As Default Rates Soar
• Why FTC Needs High Court Win On Monetary Equitable Relief
• Justices' SEC Disgorgement Ruling Vexes Net Profits Math
• Practical Guidance For Main Street Loan Participants: Part 2
• Sanctions Verdict Nixed After Feds' Conduct Questioned
• 7th Circ. Upholds Sentences In Gas Station Flipping Scheme
• BoA Faces Class Suit Alleging It Botched Bankruptcy Reports
• Dreamers Bring Important Perspective To Legal Industry
• Trade Financier Charged In NY, Denies $100M Fraud Rap
• PPP Data Could Lead To Trouble For Loan Recipients
• UK Litigation Roundup: Here's What You Missed In London
• NY Judge Gives Initial OK To $95.5M SSA Bond Settlement
• Robinhood Users Tweak Counsel Bid To Add Female Attys
• 2nd Circ. Halts Goldman Class Action For High Court Appeal
• NY Firm Says CFPB Is 'Frankenstein's Monster' To Be Stopped
• UBS Can't Shield French Clients' Tax Data, Swiss Court Says
• Practical Guidance For Main Street Loan Participants: Part 1
• Rising Star: Weil's Justin D. Lee
• Helping Clients Overcome Financial Hurdles Mid-Litigation
• SEC Says Adviser Invested $666M For Unqualified Buyers
• 5th Circ. PPP Ruling Doesn't Doom Debtors Seeking Loans
• Deutsche Bank, DZ Bank Must Hand Over Docs In Foreign Suit
• ERISA Remedies Could Increase Under Liu V. SEC Ruling
• CFPB Accuses Chicago Mortgage Lender Of Redlining
• Deutsche Bank Investors Sue Over Epstein Relationship
• Turkish Bank Wants Judge Off Sanctions Case Over Remarks
• Goodwin Slams Ill. County's Sanctions Bid Over Witnesses
• IRS Sued For Illegally Obtaining Info From Crypto Exchanges
• No Avoiding $100M Pot Credit Card Fraud Case, Gov't Says
• Ex-Deutsche Bank, Barclays Atty Joins BlockFi As GC
• FTC Returning $16M To Victims Of Debt Relief Scheme
• Inclusivity Considerations For Law Firms Reopening Offices
• CFPB Says Justices' Seila Ruling Irrelevant To Navient Suit
• State AG-Private Atty Alliances Must Be Put To The Lucia Test
• What To Know About Reporting Employee Criminal Activity
• Rising Star: Simpson Thacher's Julia Kohen
• Dems Ask High Court To Issue Trump Doc Ruling Immediately
• PNC Bank Strikes Deal In Ex-Worker's Sex Assault Case
• Trump Moves To Strip Hong Kong Of Special Trading Status
• Feds Charge Texan With Funneling PPP Funds To Buy Crypto
• Investor Suit Follows Scathing House Report On Wells Fargo
• All-Male Robinhood Class Counsel Won't Fly For Calif. Judge
• Congress Told Companies' Human Capital Disclosures Lag
• 2nd Circ. Urged To Refuse CFPB Ratification Of RD Legal Case
• 10 Years On, Dodd-Frank's Compliance Overhaul Here To Stay
• Fifth Third Faces Another Suit Over Unauthorized Accounts
• Global Payments Need Updates And Cooperation, G-20 Told
• 3rd Circ. Says Tribal Lender Can't Arbitrate Interest Rate Suit
• In Their Words: Why Diversity At The Bar Is Still A Problem
• The Year's Top High Court Moments From Law360's The Term
• Surprising Alliances Shape The Supreme Court Term
• First Chair In El Chapo Trial Departs EDNY For Mayer Brown
• 3 Ways High Court's Liu V. SEC Ruling Curtails FTC Authority
• Sidley-Led Banking Software Co. Soars After $250M IPO
• Rising Star: Latham's Alfred Xue
• FinCEN Guidance A Positive Step For Hemp Businesses
• Why Can't Female Lawyers Make Headway At The High Court?
• NY High Court Case Could Upend Litigation Finance Industry
• Law360's Supreme Court Pop Quiz
• CFPB Says 4 Attorneys Entangled In Student Debt Scheme
• Louisiana Can Amend GSE Bond-Rigging Suit Over Objections
• Boies Schiller Adds Bankruptcy Attys In NY, London
• Greka Owes Another $54M In Loan Default Suit, UBS Says
• The Sharpest Dissents From The Supreme Court Term
• Securities Litigation To Watch In 2020: Midyear Report
• Associates Can Prioritize Biz Development Despite Pandemic
• Alleged ICO Fraud Highlights Compliance Considerations
• Rising Star: Fried Frank's Ezra Schneck
• The Funniest Moments Of The Supreme Court's Term
• Key COVID-19 Accessibility Issues As ADA Turns 30
• The Chattiest Justice Of The Term Is ...
• Duane Morris Adds Financing Partner To Chicago Office
• Clifford Chance, Allen & Overy Tweak PE Firm's €1B NIBC Buy
• The Top Cybersecurity And Privacy Rulings So Far In 2020
• Deutsche's Fine Over Epstein Lapses Spotlights Due Diligence
• Jay-Z-Backed Pot Business Got Millions In PPP Money
• Navient Cites Supreme Court Ruling In Bid To End CFPB Suit
• The Majority Of One: How Roberts Is Shaping The Court
• TD Ameritrade Faces Class Action Over Crude Oil Prices
• Trump's Tax Battle To Continue Despite Justices' Ruling
• Breaking Down The Vote: The High Court Term In Review
• The Firms That Won Big At The Supreme Court
• Redefining Commercially Reasonable Foreclosure Sales In NY
• Goldman Sachs Must Face ERISA Suit Over Affiliated Funds
• Rising Star: Covington's Ashley Simonsen
• BofA Can't Appeal Failed Dismissal Of Escrow Interest Suit
• How New Fla. Real Estate Remedies May Benefit Lenders
• Let's Create An Ethical Obligation For Attys To Fight Racism
• Chicago Trading Firm Latest To File JPMorgan Spoofing Suit
• Cozen Snags Calif. Real Estate Partner From Sidley Austin
• Takeaways From FCA's Latest Financial Crime Controls Fine
• Deals On Blistering Pace In 2020 Even As Virus Fears Linger
• Credit Suisse Hits Back In London Against $100M MBS Suit
• UK Litigation Roundup: Here's What You Missed In London
• CFPB Settlement Would Reduce $3.8M Sanction To Just $22K
• Fintech SoFi Applies For National Bank Charter With OCC
• JPMorgan Gets Ill. Futures Spoofing Suits Shipped To NY
• Justices' Ruling May Give Lawmakers Path To Trump Docs
• Pomerantz Nabs Lead Role In Cannabis Stock-Drop Suit
• 6 Considerations When Shopping For Legal Tech Software
• Berman Ouster May Not Be The End Of SDNY Drama This Year
• Attys Seek $2.8M In Fees In Navy Federal Robotext Settlement
• Supreme Court To Review FTC Restitution Authority
• High Court Takes Up FHFA Constitutionality Case
• Coronavirus Q&A: Kelley Kronenberg's Litigation Leader
• Justices Block Dems' Trump Financial Doc Requests For Now
• CohnReznick Claims Platinum Investor Suit Is Lacking
• Synovus, Others Ink $2.1M In Deals To Escape TelexFree MDL
• PayPal's Prepaid Rule Protest 'Distorts' Purpose, CFPB Says
• Amazon Dinged For Violating Sanctions On Iran, Syria, Crimea
• Tech Consultant Fights AT&T's Attempt To Nix Theft Suit
• Student Debt Firm Exec Settles CFPB Claims With $7M Deal
• Tips For Securitizing Loans With Future Advance Obligations
• RYB Education Exits Investor Suit Over Abusive Teachers
• In Novel Ruling, 5th Circ. Curbs Privacy On Bitcoin Exchanges
• Judge OKs $7.6M Deal To End Processing Fee Class Claims
• Law Firm Strategies For Publicizing Laterals Amid Lockdowns
• EU Gives Thumbs Up To Germany's €500B COVID-19 Aid Plan
• Paul Weiss Steers As Mortgage Lender Rocket Files IPO Plans
• End Forced Employee Arbitration To Advance Social Equality
• Convicted Hedge Fund Exec Claims SDNY Hid Evidence
• Cannabis Companies Reaped Millions In PPP Loans
• Ex-National Economic Council Deputy Joins Mayer Brown
• Haiti Wants Out Of Price-Fixing Class Action
• Morgan Stanley Slams Ex-VP's Pursuit Of Bias Suit
• FTC Targets Belizean Executive In Real Estate Scam Suit
• Gov't Ties Ex-Panama President's Sons To Odebrecht Scheme
• Sidley, Ropes & Gray Steer Fintech Co.'s Planned $175M IPO
• FinCEN Warns Banks About COVID-19-Related Scams
• CFPB Finalizes Repeal Of Payday Lender Underwriting Rules
• How COVID-19 Mezzanine Foreclosures May Fare In NY Courts
• Are Your Slack Communications Primed For E-Discovery?
• A Guide To Drafting Enforceable Arbitration Clauses
• Lynn Tilton Faces $41.8M Loss After Ch. 7 Trial
• Ex-JPMorgan Trader Can't Ditch Forex-Rigging Conviction
• COVID-19 Could Complicate Distressed Nonrecourse Loans
• Deutsche Bank Fined $150M For Epstein, Partner Bank Lapses
• The CFPB Survived The High Court, But Will All Of Its Rules?
• Gov't Releases Borrower Details For PPP Loans Over $150K
• Wells Fargo Says N-Word 'Unfortunate,' But Bias Suit Must Go
• 14 Charged In Multistate Bank Fraud Ring
• Banker Says Cowen Fired Him For Objecting To Oligarch
• Do Dual Collateral Loans Impair NY Borrower Protections?
• US Bank Customer Wants Fee Suit Out Of Arbitration
• Truist Seeks To Toss Agents' Suit Over Pandemic Loan Fees
• NYPD Cops Sue Over Off-Duty Security Work Pay
• 5 Biz Tax Reforms To Aid Long-Term Pandemic Recovery
• Crisis May Trigger Collateralized Loan Obligation Litigation
• 6 Dispute Prevention Steps As Lawsuits Rise Amid Pandemic
• Law360 Names Top Attorneys Under 40
• UK Litigation Roundup: Here's What You Missed In London
• NY Appeals Manafort Fraud Suit Axed As Double Jeopardy
• SDNY Trial Of Banker Tied To Manafort Is Delayed
• LendingClub Investors Push Chancery To Keep Claims Alive
• PwC Employees Say Too Late To Add Them To TelexFree MDL
• NY Judge Axes Standard Chartered FCA Suit At Feds' Request
• Will Libra's Compliance Efforts Be Enough To Sway Critics?
• Developer Allegedly Conspired To Defraud La. Bank Of $123M
• Real Estate Rumors: JP Morgan, Hollywood, Fla., Elion
• Equifax Investors' Attys Will Earn $29.6M Fee In Stock Suit
• COVID-19 Relief Efforts Heighten Fair Credit Reporting Risks
• Senate Sends Hong Kong Sanctions Bill To Trump's Desk
• Money Laundering Enforcement Thrives In COVID-19 Era
• Time To Consider Percentage Rental Agreements For Lawyers
• 7th Circ. Clarifies Test For 'Misleading' Debt Collection Letters
• CFPB Slates Debt Collection, Mortgage Data Rules For Fall
• DOJ Seeks Warhol, Monet Artwork In $96M 1MDB Clawback
• SEC Says Broker Can't Attack Its Investigation In Bribe Trial
• Congress Extends PPP To August, Mulls 2nd Round Of Loans
• CORRECTED: House Approves Hong Kong Sanctions Bill
• 11th Circ. Says Citigroup Cash-Advance Suit Belongs In US
• High Court Clarifies CFPB's Future, Complicates CFPB's Past
• Brazil Watchdog Eases Up On Facebook, Cielo Payment Deal
• 3 Things To Watch As COVID-19 Real Estate Litigation Looms
• 'Settle And Sue' Malpractice Cases Have New Clarity In Calif.
• The Litigation Risks In Main Street Lending Program