Banking Archive » October, 2020

Banking - October, 2020

329 articles

• CFPB Adopts Long-Awaited Rules On Debt Collection Industry
• Cohen Milstein, Scott & Scott Both Want To Lead FICO Fight
• Full 5th Circ. To Hear Challenge To SEC's Judges
• Ex-BigLaw Atty Disbarred After Conviction Over Crypto Scam
• CFPB Tells 9th Circ. Mortgage Services Firm Owes $8M
• Oil Futures Suit Can't Go To Arbitration, TD Clients Say
• Intervention Blocked In $12M Ocwen Mortgage Fees Deal
• 3 Reasons Medical Offices Remain Attractive Amid Pandemic
• NY Landlord Wants Feds Sanctioned Over Forfeiture Action
• Dechert, Sullivan Guide $500M Penn Plaza Refinance
• Book Review: Did The High Court Cause Mass Incarceration?
• OCC's Final 'True Lender' Rule Should Boost Bank Lending
• Air Charter Co. Execs Can't Get Out Of Prison Over Virus
• Cross-Border Discovery Trends 1 Year After 2nd Circ. Ruling
• Skadden, Kirkland Steer Chinese Fintech's $2.4B IPO
• UK Litigation Roundup: Here's What You Missed In London
• 2nd Circ. Sends CFPB's RD Legal Case Back To NY
• Deutsche Bank Appoints Americas GC To CEO Of Trust Co.
• Credit Suisse Looks Within For New Investment GC
• Advocates Sue To Undo CFPB's Rollback Of Payday Rule
• CFTC Spells Out Staff Procedure For Fine Reductions
• Real Estate Rumors: Bent Philipson, CIBC, Brookfield
• Legal Chiefs See Compliance Warning In Goldman FCPA Case
• Digital Bank To Settle With Customers Over Service Outage
• Coronavirus Litigation: The Week In Review
• NY Banks, Financial Firms Urged To Prep For Climate Risks
• Volcker Rule's VC Changes Will Support Underserved Regions
• Persuasion Skills Attys Can Learn From Political Speeches
• Zillow Investors Win Class Cert. In Suit Over CFPB Probe
• SEC Cyber Chief And Ex-SEC Atty Spar Over Crypto Guidance
• Judge Rejects $3.3M Deal To End M&T Mortgage Fee Suit
• 'Hug Your Whistleblower,' Former SEC Attorneys Advise
• SoFi Clears Initial OCC Hurdle In Quest To Launch Bank
• Ocwen, Wells Fargo Fight Bringing Fla. Deal Into ERISA Suit
• HSBC Taps Ex-Barclays GC As Chief Legal Officer
• Georgetown Law Prof Skeptical Fidelity Sold Shares Carefully
• 1st Circ. Downs Union Challenge To Puerto Rico Benefits Cuts
• Ex-Fed GC Says Lessons Of 2008 Helped With COVID-19
• Split SEC Will Allow Funds To Expand Derivatives Use
• PennyMac Fires Back At Black Knight's 'Needless Litigation'
• BofI Ruling May Erode Cos.' Securities Class Action Defenses
• US Says Drywall Biz Operators Shirked Employment Taxes
• Reflections On My 1st Judicial Election Amid Racial Tensions
• Experian Sues Insurers Zurich, SCOR For $18M In Legal Costs
• DOJ Sues Bain For More Info In $5.3B Visa-Plaid Deal
• Bank Inks $2M Settlement Over Handling Of ESOP Buy
• OCC Adopts 'True Lender' Test For Bank Lending Partnerships
• Real Estate Firms Lean Bearish, Eye Logistics And Biotech
• Burger King Owner Sued Over Offering Statements, Stock Fall
• Immigrants Can Use Loans For Investor Visas, DC Circ. Says
• Pa. Shopping Centers Say Lenders Interfering With Tenants
• Fidelity Charitable President Defends Share Liquidation
• Real Estate Rumors: SouthTech, JPMorgan, First Industrial
• Weighing Litigation Vs. Arbitration Amid Court Disruptions
• BoE Official Says UK Still Undecided On Digital Currency
• EU Banks Avoid Tax Even Without Tax Havens, Report Warns
• Ex-SEC Chief Economist Says Fidelity Bungled Sale Of Shares
• Chase Says It Doesn't Owe Firm Fees For Pandemic Loans
• SEC Victorious In Bribery Trial Against Ex-Sterne Agee Analyst
• Judge Married To AG Won't Recuse Herself In Backpage Case
• Fired Atty Says Goldman Buried Top Lawyer's Sex Misconduct
• Chicago Lender Says CFPB's Redlining Suit Goes Too Far
• CFPB Goes To Bat In Texas For Remainder Of Payday Rule
• SEC Counsel Suggests 8th Grade Reading Level On Form CRS
• Justices Told FHFA's Structure Not Fatal To Profit Sweep
• Halkbank Gets 2-Month Trial Delay In Iran Sanctions Case
• Fintech Giant Ant's Record-Smashing IPO Set To Exceed $34B
• Hanover Fights Bid To Move Fraud Row To Bankruptcy Court
• How Attys Can Guard Against Rising Settle-And-Sue Claims
• Fidelity Flubbed $100M Charitable Stock Sale, Economist Says
• Ligado Nabs $3.85B Boost For Satellite 5G Network
• Legislators Seek Clearer Regulatory Path For Digital Tokens
• US Bank Dodges Ex-Employee's Age Bias Suit At 8th Circ.
• Goldman Sidesteps Monitor In 1MDB Deal, Raising Eyebrows
• Equity Owners Want To Intervene In $15B Student Loan Fight
• Loan Docs Should Standardize Libor Replacement Language
• How Fla. Homebuilders Can Protect Pre-Closing Deposits
• As Leaks Show Banks' Dirty Laundry, Is Jail The Best Fix?
• Key Issues In Potential High Court Fraudulent Transfer Case
• UK Litigation Roundup: Here's What You Missed In London
• Law Firm Tips For Attracting, Retaining Attys During Pandemic
• Financial Services Co. Head Cops To $4.4M Fraud Scheme
• SEC Redefines Blockbuster With $114M Whistleblower Award
• 9th Circ. Revives Arbitration Bid In Jail 'Release Card' Suit
• 1MDB's Destructive Path, From Wall Street To Hollywood
• Navy Federal To Pay $16M To End Insufficient Funds Fee Suit
• Wells Fargo Wants COVID-19 Forbearance Suit Tossed
• Meet The Attys Guiding Goldman's $2.9B 1MDB Plea Deal
• Finding A Path Forward To Regulate The Legal Industry
• Ex-Citigroup Forex Rigger Who Helped Feds Fined $20K
• Manafort Beats NY Fraud Case, DA Mulls Another Appeal
• SEC, CFTC Ease Margin Rules On Securities Futures Trading
• Top Sen. Banking Dem Slams 'Misguided' CFPB Reorg. Plan
• 6 Structural Issues Complicating Libor Transition
• McGuireWoods Boosts DC Squad With Ex-FINRA Exec
• Bank Employee Sues To End Alleged Delays In H-4 Renewal
• Foreign Cos. Should Consider Risks Of OFAC Iran Sanctions
• Accountant Ducks More Prison For Role In $400M Crime Outfit
• Lawyering While Parenting: A Day In A Dad's Pandemic Life
• Goldman To Pay $2.9B After Admitting Role In 1MDB Fraud
• Judiciary Panel Sends Barrett Nomination To Full Senate
• Swiss Cut Bank Penalty In 1MDB Case To $77M
• Fidelity Sale Of Donated Funds Was 'Nightmare,' Judge Hears
• Goldman Investors Ask High Court To Leave Cert. Ruling Be
• Tribe And Lenders Immune To Claims In Bankruptcy Court
• Consumers Want 'Critical' Doc In Capital One Data Breach Suit
• Derivative Suit Over FleetCor Fuel Card Fees Tossed
• 9th Circ. Says Experian False Ad Suit Belongs In Arbitration
• US Financial Crime Compliance Costs Jump To $35B In 2020
• Dropbox Stockholders' Suit Over IPO Gets Tossed
• PayPal Gets NY 'Conditional Bitlicense' To Offer Crypto Wallet
• Law Firm Freed From $100M Suit Alleging It Swindled Mogul
• 11th Circ. Concerned With Trial Judge's Early FCA Suit Toss
• Acacia's General Counsel Fired In Wake Of SEC Sanction
• Lawyering While Parenting: A Day In A Mom's Pandemic Life
• TIAA Bank To Pay $3.5M To Settle Loan Officer OT Suit
• Fidelity VP Texted That Charitable Arm 'Botched' Share Sales
• Feds Get Discovery Pause In Ex-BigLaw Atty's SEC Case
• US Bank Regulators Seek To Codify That Guidance Isn't Law
• Bank Groups Lobby Congress For Virus Relief 'Debt Trap' Fix
• 4th Circ. Upholds Penalties On Couple For Not Filing FBARs
• NJ Slams Navient With Fraud Suit Over Deceptive Practices
• Alsup Slams Dept. Of Education's Student Loan Relief Deal
• Fed's Quarles Suggests Virus May Spur New Nonbank Policy
• SBA Change-In-Ownership Guidance Highlights PPP Flaws
• Brazilian Data Protection Law's Impact On US Financial Firms
• BitMEX Case Seen As Blessing In Disguise For Crypto Sector
• 5 Cost-Cutting Strategies For Corporate Legal Departments
• Ex-Goldman CEO Blankfein To Be Deposed In Bias Action
• Fidelity Blasted At Trial For 'Blindly Dumping' Donated Shares
• FinCEN Urges Vigilance On Human Trafficking Amid COVID-19
• Investor To Ask 2nd Circ. To Revive Benchmark-Rigging Suit
• 11th Circ. Revives Hedge Fund CFO's Quest For Assets
• Ill. Judge Axes Ex-Merrill Lynch Trader's Spoofing Charge
• Preparing The Next Generation Of Female Trial Lawyers
• Mentorship Is Key To Fixing Drop-Off Of Women In Law
• These Firms Have The Most Women In Equity Partnerships
• Wearing Natural Hair In BigLaw
• What BigLaw Can Do To Actually Retain Female Attorneys
• Female Attorneys Gain Ground In Battle For Clerkships​
• Visa, Black Card Spar Over Virus Safety In $600M IP Fight
• Calculating FCA Damages From PPP Fraud May Be Tricky
• NY Court Trims Docs For Handover In NY AG's Trump Probe
• Powell Says Fed Still Mulling Digital Dollar But Not Committed
• Justices Warned Of 'Upheaval' In FHFA Constitutionality Case
• Croatia Faces Arbitration Over Loan Currency Conversion
• Trump Asks Justices To Grant Bid To Halt Vance Subpoena
• 11th Circ. Judge Rips Firm's Letter In Debt Collection Case
• Indicted Harvard Professor Can't See Grand Jury Minutes
• FinCEN Hits Bitcoin Service Operator With $60M Fine
• 7 Questions For AML Task Force President Marcus Pleyer
• 5 Ways Firms Can Avoid Female Atty Exodus During Pandemic
• In Their Own Words: Being A Woman In BigLaw
• Law360's Glass Ceiling Report: What You Need To Know
• Glass Ceiling Report: How Does Your Firm Measure Up?
• Investors Bank Accused of Shorting Branch Workers On OT
• Experian Escapes Breach Of Contract Data Suit For Now
• 1st NY 'Tech Sprint' To Target Crypto Co. Regulatory Reporting
• Sullivan, NC Firm Guide Merger Forming $100B Bank
• K&L Gates Can't Duck $100M Nanotech Malpractice Suit
• Iranian CEO Gets 23 Months For Sanctions Violations
• Vance Asks Justices To Deny Trump's Bid To Halt Subpoena
• DOJ Must Fix 'Lax' Bank Merger Oversight, FTC's Chopra Says
• 3 Firms Help Cboe Scoop Up Dark Pool Operator
• NYC Investment Pro Gets At Least 3 Years For Bilking Clients
• Split SEC Relaxes Certain Auditor Independence Rules
• Who Objected To $2B In Cum-Ex Trades? Not The Lawyers​
• Highlights From 'SEC Speaks' 2020
• How The State And Local Regulatory Landscape Is Expanding
• Puerto Rican Bank Seeks Early Win In PDVSA Loan Suit
• UK Litigation Roundup: Here's What You Missed In London
• Dechert Sued For £15M Over Torture Claim During UAE Probe
• Judge Freezes Assets Of Chinese Billionaire Tied To Bannon
• Biggest US Debt Collector To Pay $15M To End CFPB Suit
• Investment Manager Rothschild Hit With $100M Kickback Suit
• SEC Walks Rare Path In $800K Whistleblower Award
• Divided CFTC Enacts Long-Awaited Rules On Position Limits
• Borrowers Reject AG's Atty Fee Critique In $141M Lender Deal
• Feds Say 'QQAAZZ' Members Laundered Millions Via Crypto
• Cannabis Orgs Launch Business Certification Pilot Program
• Plaid Violating Mark On 'Dummy' Login Pages, TD Bank Says
• Coronavirus Litigation: The Week In Review
• What To Know About The First Wave Of CARES Act Litigation
• KPMG Continues Big Four's Expansion Into Legal Industry
• Ocwen Agrees To Settlement Worth $11M For Fla. Borrowers
• Ex-NFL Investor May Renew Effort To Resolve Crypto Charges
• UK Pandemic Recovery Offers Opportunities For Green Cos.
• Case Law Likely Undercuts DOL's Microsoft Diversity Probe
• DOJ Antitrust Deputy Tells Of Financial Sector 'Lean In' Policy
• New York Judge Tosses Equity Bancshares Investor Suit
• USAA Hit With $85M Penalty Over 'Unsafe' Risk Management
• FINRA Postpones In-Person Arbitrations, Mediations To 2021
• CFPB Enforcement Sees Highest New Case Volume In 5 Years
• Fed. Circ. Denies Appeal Of Order Backing Card IP Under Alice
• In Latest Round, VC Fund Ups M1 Finance Stake By $45M
• 3 Looming CMBS Trouble Spots As Pandemic Continues
• Coinbase's Compliance Chief To Depart After Two-Year Tenure
• DOJ Guidance, Indictment Suggest Expanding Crypto Focus
• Lawyers Must Fight Voter Suppression This Election Season
• Why Sustainable Finance Is On The Rise
• German Gov't Approves Tougher Money Laundering Laws
• NY Calls For Regulating 'Systemically Important' Social Media
• Nissan Inks $4M Deal With CFPB Over Repossessed Vehicles
• Holland & Knight Nabs 10 Reed Smith Financial Services Attys
• Manafort Prosecutor Joins White Collar Team At Davis Polk
• BofA, Foreign Banks Look To Ditch Rate-Rigging Claims Again
• Econ Chiefs Urge Ransomware Victims To Report Payoffs
• NC Litigation Boutique To Join Nelson Mullins
• Agents Fight Big Banks' Bid To Nix COVID-19 Loans Suit
• Firm Raises $50M, Parent Buys $115M In Crypto
• Why Online Mediation May Be Here To Stay
• FTC Drops Bid For Sanctuary Belize Attys' Funding Info
• Real Estate Firm IMH's Ch. 11 Plan OK'd In Delaware
• Blackstone-Backed Lender Scores $1.9B Value In SPAC Tie-Up
• Jumia Seeks OK Of $5M Deal To End Investors' Suits
• BitMEX Hires CCO Amid Federal Probe-Triggered Reshuffle
• Trump Again Asks Justices To Halt Vance Tax Subpoena
• Reliance Inks $40M Deal To End Insperity 401(k) Fee Suit
• US Sanctions 18 Iranian Banks, Raising Humanitarian Alarm
• Judge Consolidates JPMorgan Spoofing Suits, Taps Counsel
• Stanford Bank Receiver Wins $79M Clawback Suit In 5th Circ.
• Browser Firm Opera Omitted Fintech From IPO, Investors Say
• 5th Circ. Told Exec Can't Use Jail To Dodge $79M Judgment
• States' Evolving Patchwork Of Insurance Data Security Laws
• No Prison For Ex-KPMG Exec Who Misused Accounting Info
• MVP: Wachtell's Richard K. Kim
• Ex-Goldman Banker Says Deportation Conflicts With Sentence
• CFTC Climate Change Report Highlights Costs Of Inaction
• Clients Have The Power To Promote Wellness At Law Firms
• UK Litigation Roundup: Here's What You Missed In London
• BofI Investor Suit Revived In 9th Circ. By Whistleblower Action
• DOJ Cyber Task Force Issues Crypto Enforcement Blueprint
• BofA Can Seek Immediate Appeal Of NY Preemption Ruling
• Backpage Prosecutors Fight Recusal For Judge Married To AG
• NY Landlord's Indictment Tossed Over Gov't 'Missteps'
• 2nd Circ. Loss Limits Trump's Options Against Tax Subpoena
• Lorenzo Settles With SEC 18 Months After High Court Defeat
• Coronavirus Litigation: The Week In Review
• NY Judge Pauses Doc Handover In NY AG's Trump Probe
• Morgan Stanley Fined $60M Over Unsafe Data Practices
• Check-Cashing Firm Agrees To Pay $1.2M To Settle OT Claims
• US Bank Escapes Debt Collector's Race Bias Suit
• Appellate Courts Should Welcome Well-Crafted Amicus Briefs
• Crypto Firms Tap Big Bank Pros For Top Legal Posts
• JPMorgan To Devote $30B To Support Underserved Groups
• 4 Compliance Tips Amid Increased Ransomware Scrutiny
• MVP: Sullivan & Cromwell's Mitchell S. Eitel
• CFPB U-Turn On Mortgage Marketing May Repair Industry Ties
• 2 Firms Steer Morgan Stanley's $7B Deal For Eaton Vance
• Chase, Wells Fargo Held Roles In Flint Water Crisis, Suit Says
• 5th Circ. Told To Allow Stanford Ponzi Victims Into Suit
• Warren Seeks Pandemic Planning Info From Biggest Banks
• Workers' Attys Get $3M In Fees From $9M JPMorgan Deal
• Ex-DOJ Atty Can't Intervene In Merrill Traders Spoofing Case
• 2nd Circ. Clears Wachtell In Refiner's Malpractice Case
• DOL Targets Wells Fargo's Efforts To Hire Black Leaders
• Citi Fined $400M Over 'Longstanding' Deficiencies
• Principal Global Plan Participants Drop ERISA Suit For Good
• Floating-Rate Debt Considerations As Libor Cessation Nears
• Lakeport Capital Inks $175M JV For Distressed Mortgages
• Alternative Financing Options For Retail And Hotel Properties
• MVP: Simpson Thacher's Jennifer Hobbs
• Trump Can't Block NY's Tax Subpoena, 2nd Circ. Says
• CFPB Presses For Revival Of RD Legal Case At 2nd Circ.
• 'Love & Hip Hop' Star Charged With COVID-19 Loan Fraud
• Law Office, Others Targeted For Breach of Confidentiality
• JPMorgan Seeks Arbitration In COVID-19 Borrower Suit
• Trump Org Denies Waiving Privilege In NY AG Investigation
• CFPB Sets Policy For Early Termination Of Consent Orders
• SEC's Accredited Investor Rule Will Benefit Sovereign Wealth
• CFTC Calls FY20 A Record-Breaking Year For Enforcement
• CFTC Enforcement Chief To Depart Following Record Year
• What Hiring Law Firms Should Consider Instead Of Grades
• Nev. Lenders Must Brace For The Next Wave Of Foreclosures
• MVP: Shearman & Sterling's Adam Hakki
• Consumers Reach $66.7M Deal With Banks Over ATM Fees
• SBA Clarifies Ownership Change Obligations For PPP Loans
• TD Ameritrade Aims To Tank Crude Oil Futures Action
• Chicago Title Sued Over 'Brazen Misconduct' In Ponzi Scheme
• Sanctions Threat Puts Ransomware Intermediaries On Notice
• MVP: Paul Weiss' Susanna Buergel
• Trump Org Atty Didn't Disclose Cache Of Docs, NY AG Says
• High Court Won't Hear Dispute Over Bear Stearns MBS Sale
• Ex-Barclays Forex Rigger Who Helped Feds Fined $50K
• Facebook Users Must Show Injury In Ad Suit, Judge Says
• Judging A Book: Schroeder Reviews 'Collegiality'
• 5 Big Banks Get Final OK On $22M Libor-Rigging Settlement
• Supreme Court Skips Patent Eligibility In Garage Door Case
• How Cos. Can Respond To Growing Crypto Tax Enforcement
• Now Is The Time To Go Digital With Compliance Training
• 15 Minutes With Citi's General Counsel
• Law360 MVP Awards Go To Top Attorneys From 76 Firms
• KeyBank Gets Partial Early Win In Merger Contract Row
• Wells Fargo Sued For Blocking Wire From Alleged PDVSA Unit
• Valero Cuts Gas Price Signage Deal With Attys Getting $1.65M
• 4th Circ. Revives Freedom Mortgage Property Tax Suit
• Fed Highlights Broad BSA Deficiencies At Pa. Bank
• SEC's Peirce Dissents From 2nd Enforcement Suit In 3 Weeks
• How Rookies Should Prep For A Unique Supreme Court Term
• DOJ Antitrust Unit Greenlights Plan For Benchmarking Rates
• What One Scrapped Opinion Might Say About Judge Barrett
• Trump, Manhattan DA Agree On Possible Tax Subpoena Pause
• US Trade Probe To Target Vietnam's Currency, Timber Policies
• Cannabis Bill Roundup: Newsom Signs Calif. Pot Banking Law
• Supreme Court Cheat Sheet: The Biggest Cases To Watch
• Seila Law Pushes For Rejection Of CFPB Demand At 9th Circ.
• Double Jeopardy May Doom NY Manafort Case, Panel Hints
• Cos. Should Have To Notify Workers Of Whistleblower Rights
• Benevis Approved For $150M Ch. 11 Sale Of Dental Offices
• Loeb & Loeb Guides Deutsche Bank Unit On $105M Loan
• Acacia Research GC Censured, Ordered To Pay $25K Penalty
• Barclays Beats 'Lehman Brothers' Whiskey Trademark
• Overcoming The Pandemic's Hurdles To Pro Bono Work
• GOP Vows Virus Infections Won't Slow Barrett Confirmation
• Trump Tests Positive For COVID-19
• Halkbank Not Immune In Iran Sanctions Case
• Feds Say BitMEX Execs Failed To Prevent Money Laundering
• Travel Co. To Pay $5.8M To End Claims Of Cuba Transactions
• Paying Cyber Ransoms Can Breach Sanctions, Treasury Says
• Defrauded Students Slam DOE's Loan Relief 'Blanket Denial'
• Coronavirus Litigation: The Week In Review
• OCC Head Stresses 'Level Playing Field' For Bank Licensees
• Fund Firm's Cooperation Helps It Avoid SEC Fine In Fee Case
• SEC Awards $37M To Whistleblowers To Close Record Year
• Ex-Inmates Seek Cert In Debit Card Fees Fight
• Trump's Tax Tactics May Be Criminal
• Judge Overrules Magistrate's Sanctions Call In Debt Suit
• Barrett's Rulings Show Fairness In Employment Cases
• Best Practices For Presenting Exhibits In A Remote Deposition