Banking Archive » March, 2021

Banking - March, 2021

310 articles

• ATM Biz Escapes Investor Suit Over Merger Results For Now
• CFPB Retracts Measures Granting Cos. Relief Amid Crisis
• Wall Street Giants Beat Treasury Auction Rigging MDL
• FDIC Hit Community Banks With 30% Fewer Violations In 2020
• SEC Puts Brokers On Notice For Money Laundering Concerns
• Tribal Lenders Must Pay Class $50M For Inflated Interest Rates
• Stifel, Jefferies Exit Louisiana AG's GSE Bond-Rigging Case
• AMC Investors Win Class Cert. In Securities Dispute
• 3 Cybersecurity Questions To Ask Before A Remote Mediation
• Jury Convicts Ex-Melrose CEO Of Taking Unlawful Payments
• Justices Grapple With Harm Line In FCRA Class Standing Row
• Student Debt Firm Gets $53M Penalty For Ignoring NY AG Suit
• Chancery Scraps LendingClub Investors' Suit Over FTC Probe
• Biden Signs 2-Month Extension For PPP Virus Loan Program
• Florida Family Agrees To Pay $3M To Settle FBAR Suit
• Can Antitrust Enforcement Be A Tool For Racial Equity?
• Investment Firm Says Ex-Trump Appointee, Atty Stole $10M
• Ex-Wells Fargo In-House Attorney Joins Cadwalader
• Trader Cops To Duping Investors Who Backed Forex Business
• Cybersecurity Considerations After NY Lender's Data Breach
• A Uniform Mediation Act Primer As States Continue Adoption
• Judge Jackson Tapped For DC Circ. In 1st Biden Nominations
• Nokia Shakes Investor Suit Over Alcatel-Lucent Acquisition
• Justices Seem Irked By Narrowing Scope Of Goldman Case
• Ex-Madoff Funds Can't Ditch Deutsche Bank's Contract Fight
• US Regulators Seek Input On AI Use In Banking
• Changes Proposed For Challenged $12.6M PHH Class Deal
• Banking App Beam Agrees To Permanent Ban By FTC
• Real Estate Rumors: Moinian, Gipson, Cross Continental
• Dual Citizen Must Face FBAR Tax Obligation, Gov't Argues
• Wells Fargo Says Arb. Pacts Bar Cert. For Some In Wage Suit
• Wells Fargo Must Face Retaliation Suit Over OCC Testimony
• Safeguarding Privileged Communications In A Remote World
• Ambac, Others Beat CFPB Suit Over Student Loan Trusts
• High Court FCRA Case Could Shake Up Class Action Standing
• Dems Press Ahead With Effort To Nix OCC's 'True Lender' Rule
• DOJ Says Hundreds Charged With COVID-19 Fraud So Far
• Up Next At High Court: Acting SG Makes Debut In NCAA Case
• Groups Demand End To CFPB's Dispute Deadline Relief, Again
• Earnin Users Get Final OK On $12.5M Deal In Bank Fee Row
• The UK Needs Safe Harbors For Libor's Wind-Down
• Recent Rulings Reinforce DOJ's Global White Collar Reach
• 4 Areas Of Cyberattack Vulnerability For Law Firms
• Pa. Debt Collector Hit With Class Claims Over Writing Rule
• UK Litigation Roundup: Here's What You Missed In London
• What To Watch For When Goldman Cert. Fight Hits High Court
• Libor Transition Hits 'Milestone' With NY Legacy Contracts Fix
• SEC Inquiry Into Blank-Check Boom Could Be Just The Start
• GOP Sen. Demands SEC Briefing On 'Premature' ESG Initiative
• Mall Owner CBL Says It Has Ch. 11 Deal With Bank Lenders
• Loss Amount Is Shaping PPP Fraud Prosecution Sentencing
• Senate Approves Biden's Pick For Treasury Deputy Secretary
• What CFPB Policy Shift Means For Scrutiny Of Abusive Acts
• Binance Aims To Bolster Compliance With Advisory Hires
• How To Help Your Witnesses Overcome Hindsight Bias
• Facebook, Others Urge 6th Circ. To Narrow Robocall Liability
• CFPB Says Pandemic Caused Uptick In Consumer Complaints
• Exchange Tells CFTC It's Pulling NFL Futures Listing Proposal
• Yellen Cool On Too-Big-To-Fail Labels For Asset Managers
• Jail Phone Cos. 'Double Dip' In Fee Collections, FCC Told
• Kirkland, Skadden Steer Dodgers Owner's 3rd SPAC Filing
• Ex-Banker's Sentence Slashed In Venezuela Oil Bribery Case
• Blockchain.com Hits $5.2B Valuation After $300M Injection
• 3rd Circ. Won't Revisit Challenge To WaMu Ch. 11 Deal
• SEC Rule Targets Chinese Firms After Luckin Coffee Scandal
• 7th Circ. Frees Atty From Ex-Employer's Malpractice Claims
• Financial Risk Co. Exceeds $1B Value After KKR-Led Round
• How Borrowers May Terminate A Satisfied Loan Amid COVID
• NJ 'Reply All' Ethics Opinion Brings New Pitfalls For Attorneys
• SDNY Jury Convicts 2 Of Tricking Banks On Pot Transactions
• Calif. Bank Says Insurer Should Pay For $14M Loss To Grifter
• JPMorgan Says Texas Wind Farm Can't Dodge $71M Storm Bill
• Harborside Signs $12M Credit Facility With Commercial Bank
• Fla. Judge Questions Ocwen, PHH's $12.6M Class Deal
• Yellen, Powell Defend Push To Keep Tabs On Climate Risks
• Wells Fargo Workers Seek Class Cert. In Attire, Break Suit
• SDNY Could See 1st Black US Atty With Schumer's Pick
• Apple, Goldman Cleared In Credit Card Discrimination Probe
• 3 Firms Vie To Be Lead In 9F Investors' Fraud Suit
• Barclays Shuts Down Fake 'Lehman Brothers' Group
• Fifth Third Directors Want Out Of Shareholder Suits
• US Says Hands Are Tied On Goldman 1MDB Evidence Transfer
• Robbins Geller Led 2020 Investor Deals With $1.6B Recovery
• Goodwin, Winston & Strawn Guide $150M Injection In ID Biz
• Pot Banking Bill Gets New Introduction In Senate
• SEC Shouldn't Target Funds With New ESG Task Force
• 3 Arthrex-Adjacent High Court Cases Could Affect PTAB's Fate
• Court Tosses Challenge To IRS Crypto Exchange Summons
• HSBC Tries To Shake £118M Stanford Bank Ponzi Scheme Suit
• SEC Sues Trader Who Teased 'F—YOUDOJ' License Plate
• Lehman Brothers Must Take $13M LendingTree Claims To NY
• Fed Vice Chair Stresses Need To Halt New Libor Issuances
• FinCEN To Seek Input On Rules Targeting Shell Companies
• Federal Circuit Upholds NY Woman's Penalty In FBAR Dispute
• Judging A Book: Bibas Reviews Rakoff's 'Why The Innocent Plead Guilty'
• Feds Tell Pot Biz Jury To 'Take Your Pick' From Alleged Lies
• Questions Following 2 Recent Cyber Insurance Developments
• Class Attys Shed Credit Agency Founder's Harassment Claims
• Defendant Cuts Deal With Investors In EB-5 Fla. Hotel Fraud Suit
• Supreme Court Won't Hear Bad Faith Bankruptcy Battle
• Justice Department To Probe Visa Over US Debit Practices
• Ex-Federal Reserve Board Worker Cops To Stealing Data
• Law360's 2021 Banking Editorial Advisory Board
• SEC Panelists Trade Blows On ESG Disclosure Plan
• Goldman Calls Investors' High Court Pleas 'Guerrilla Warfare'
• Clifford Chance Adds 2 Partners To China Litigation Team
• For Law Firm Digital Marketing, Less Is Sometimes More
• Gambit To Block Trump's Midnight Regulations Will Likely Fail
• Sanctions Violations Case Is A Warning On Crypto Compliance
• Kelley Drye Adds TCPA Class Action Veteran In LA
• Pot Biz Trial Nears End As Defense Sparks Up Acquittal Case
• UK Litigation Roundup: Here's What You Missed In London
• Regulators Will Let COVID-19 Capital Relief For Banks Expire
• A Rare Selective Disclosure Enforcement Action From SEC
• Ex-Deutsche Traders 'Easily' Denied Retrial In Spoofing Case
• Wells Fargo Judge Slams $32M Atty Fee Bid As Unreasonable
• Deals Rumor Mill: Chubb, AbbVie, NMC Health
• 2nd Circ. Expedites Citi Appeal In $500M Revlon Transfer Fight
• Ex-Goldman Exec Says Bank Sitting On Key 1MDB Evidence
• Will 2021 Be The Year For Pot Banking Reform?
• Fintech OppFi Faces CFPB Probe Over Military Lending
• Suit Says NJ Credit Union Charged Improper Overdraft Fees
• Colombian Can't Shake Fugitive Status In $350M Bribery Case
• Prepare To Meet New Fed Expectations On Effective Boards
• Fireblocks Raises $133M To Boost Crypto Services In Finance
• FDIC Told To Beef Up Libor-Rigging Case Against UK Banks
• HSBC Says It's Ready To Arrange $6M Coal Security Release
• Investor Deals Back On Track After 'Unusual' 2019
• Sen. Brown Says Public Banking Plan Can 'Rebuild Trust'
• 2nd Circ. Revives Sibor Price-Fixing Case
• Cred Inc. Creditors Push Jail Time For Ex-CFO In Ch. 11
• Suit Accuses Fla. Law Firm Of Keeping Escrow Funds
• CFPB Urges Banks, Collectors To Not Touch Stimulus Checks
• Financial Group Throws Support Behind New Pot Banking Bill
• Crypto Giant Coinbase Registers 115M Shares For Trading
• UK Looks Determined To Grab A Larger Share Of SPACs
• Chinese Fintech Co. Dodges Investor IPO Suit
• A State Win In Bank Loan Suit Would Hurt Access To Credit
• Rakoff Tells Gov't To Speed Up As Pot Biz Trial Stretches On
• Jenner & Block Gears Up For Financial Litigation Blitz
• NYPD Officers Say Cos. Should Face Off-Duty Wage Suit
• BofA Accused Of Duping Customers Into Paying Transfer Fees
• Former BitMEX CEO To Surrender On AML Charges
• Debt Collector Inks $1.5M Deal In Worker OT Suit
• Mining Co. Sues Greensill Over Soured $850M Financing Deal
• Wells Fargo Mortgage Sellers Get Cert. In Unpaid Wages Suit
• Strategies For Fighting Back Against A Rambo Litigator
• 3rd Circ. Won't Revive FDCPA Suit Over Law Firm's Letter
• Canadian PE Firm Picks Up Proxy Advisory Firm Glass Lewis
• Credit Suisse Warns Of Hit From Greensill Exposure
• Cuomo Trims NRA's Suit But Must Face 1st Amend. Claim
• Browser Firm Opera Escapes Investor Suit Over Fintech
• Robinhood Seeks To Nix Customers' Data Breach Suit
• Consumers Defend Suit Over TD Bank Account Openings
• Trade Groups Push For New PPP Deadline, Citing Tech Issues
• Colombian Wants Fugitive Status Lifted In $350M Bribery Case
• Ex-Eaze CEO Quizzed After Pot Biz Trial Loses Another Juror
• SEC Seeks Public's Help As ESG Initiatives Plow Ahead
• Real Estate Rumors: STG Group, Natalie Duran, Under Armour
• After High Court Win, Liu Can't Get SEC Asset Freeze Lifted
• GameStop Frenzy No Reason To Jettison Securities Theory
• Revlon Lenders Fight Citi Bid To Keep $500M Under Freeze
• Hawaii Fund To Lead Wells Fargo Risky Lending Class Action
• Biden Climate Plan Ushers In New Compliance Considerations
• Key Takeaways From FinCEN's COVID Health Fraud Alert
• 'Bury It': Inside A Hidden Evidence Scandal That Rocked SDNY
• Surveying Global Tax Updates For Sovereign Wealth Investors
• Oregon Agrees To Settle CARES Act Fund Discrimination Row
• Latham Real Estate Leader Eyes Wave Of Opportunistic Buys
• Honda Aircraft Co. Sues 2 Banks Over Plane Lease Default
• Couple's Bid To Void FBAR Settlement Rejected
• Lieff Cabraser Can't Freeze $1M State St. Fee Cut Amid Appeal
• Acquitted Ex-Trader Says 'Spiteful' DOJ Withholding Evidence
• Judge Open To Ex-Atty's Prison Release Due To COVID-19
• 5 Risk Areas For Banks One Year Into The COVID-19 Crisis
• Madoff Trustee Tries To Revive Citibank Clawback Claims
• Analyzing Cost Issues After Top Court MasterCard Ruling
• Translating SEC Exam Priorities Into Compliance Action Items
• ESG Agenda May Lead The SEC Down Long, Litigious Path
• UK Litigation Roundup: Here's What You Missed In London
• 1 Year Into Pandemic, It's Time To Rethink Law Firm Billing
• Citigroup Can't Duck Trader's Malicious Prosecution Claims
• CFPB Reasserts Power To Fine By Killing 'Abusiveness' Policy
• Regulatory Edge Benefiting SPACS Should End, Panel Told
• Oldest Zurich Bank Pays $22M For Hiding Accounts From IRS
• Danish Bank Suffers Setback In ECJ VAT Group Ruling
• GameStop Hype Exposes Securities Litigation Theory's Flaws
• What Companies Should Know About SIGPR Oversight
• 1 Year Into Pandemic, These Real Estate Questions Remain
• Bakkt Marketplace Gets New York State 'BitLicense'
• Rogue High Court Citation May Spark Legal Writing Changes
• Lone Star Laterals: Haynes And Boone, Yetter Coleman
• 4th Circ. Affirms $9.7M Judgment Against Quicken Loans
• Wells Fargo Pandemic Forbearance Suits Consolidated
• US Can't Seize $330M Allegedly Tied To 1MDB Fraud Scheme
• Covington, Squire Patton Boggs Direct 2 Banks' $976M Merger
• Fed Says Late Libor Preppers May Face Supervisory Action
• NY Alerts Banks, Insurers Over Microsoft Email Server Flaw
• Mt. Gox CEO Fights Class In $400M Bitcoin Fraud Case
• Wells Fargo Inks $6.9M Deal To End Mortgage Lending Suit
• Senate Panel Advances Biden's SEC Pick, Ties On CFPB Nom
• House Sends $1.9T Virus Relief Package To Biden
• How Surveys Provide Insight For Consumer Finance Litigation
• PHH Mortgage Evades Part Of Payoff Statements Suit
• The Case For Diversity In Internal Investigation Teams
• EPIC Urges High Court To Let Consumers Press Privacy Suits
• CFPB Says Fair Lending Laws Ban Anti-LGBTQ Bias, Too
• 2nd Circ. Lets Iran-Linked Charity Collect More Rent
• SoFi Turns To Bank Acquisition In Pursuit Of National Charter
• 2nd Circ. Probes If NY Can Even Bring Fintech Charter Fight
• Norton Rose Hires Ex-JPMorgan Internal Investigations Exec
• Wind Farm Refutes JPMorgan's $71M Bill For Texas Storm
• Bipartisan Bill Would Separate Digital Tokens From Securities
• Pot Trial Witness Tells Jury He Worked For Cryptoqueen's Ex
• Key Insights From DOJ's 2020 Fraud Enforcement
• How Recent Fla. Consumer Cases Diverge On Improper Fees
• Disparate Accountability For Robinhood Platform And Its CEO
• Goldman Senior Counsel Joins Jones Day In New York
• Renovate America Gets OK For $43M Asset Sale
• Greensill Administrator Says Talks Under Way On Asset Sales
• European Banking Authority Hit By Microsoft Server Breach
• 6th Circ. Says BB&T Can't Arbitrate Interest Rate Suit After All
• Luckin Coffee Investors Work Toward Stock Suit Settlement
• Kramer Levin, Schulte Roth Steer Priority's $425M Fintech Buy
• Gov't To Join Arguments In Goldman's High Court Cert. Fight
• Jury In SDNY Pot Biz Trial Good To Go After COVID-19 Tests
• 5 Ways Outside Counsel Can Impress Their Clients
• OCC Rule Misaligned With Some Tax Equity Safe Harbors
• Bitcoin Investment Firm NYDIG Gets $200M To Boost Services
• Judge Can't Send Out-Of-State Chase Clients To Arbitration
• Greensill Capital Seeks Insolvency Protection In UK
• High Court Won't Hear Bank's Bid To Arbitrate Ch. 7 Debt
• Pulling Up Stakes: Weil, Goodwin, Reed Smith
• Senate Approves $1.9T Virus Relief Plan With Changes
• CFPB Demands Emails That May Tie Co. To Student Debt Plot
• 4 Ways A Gensler-Led SEC Could Toughen SPAC Scrutiny
• Stanford Receiver Urges $79M Ponzi Clawback Citing 5th Circ.
• Ocwen Gets CFPB's Servicing Misconduct Suit Slashed
• KeyBank Settles NY AG Probe Over Check-Cashing Services
• $660M Mellon Estate Battle Must Await State Court Action
• Capital One Beats COVID-19 Airline Ticket Refund Suit
• US Blacklists Ex-PrivatBank Owner For Corruption
• 'Despicable' Fraud Keeps Morgan Stanley Adviser In Prison
• No Sanctions For Objector In Wells Fargo Fake Account Deal
• SEC Accuses AT&T Of Selectively Disclosing Info To Analysts
• Citibank Loan 'Blunder' Ruling Raises Appellate Issues
• 2nd Circ. Retirement Will Let Biden 'Flip' The Court
• Musk's Crypto Tweets Likely Didn't Violate SEC, CFTC Rules
• UK Litigation Roundup: Here's What You Missed In London
• Firms Leveraging Climate Change Know-How To Win Clients
• Banks, Ex-Merrill Traders Defeat Investors' Spoofing Case
• CFPB Eyeing Online Lender's Collection Practices, Virus Help
• Wells Fargo Fights Bid To Reveal Atty Docs In Stock-Drop Row
• 2nd Circ. Affirms Denial Of PPP Loan For NY Strip Club
• Centra Tech Boss Gets 8 Years For $36M Crypto Scam
• Ex-Bank CEO Takes OCC Rebuff Of Lucia Attack To DC Circ.
• Ill. Atty Pleads Not Guilty To Embezzling $31M From Bank
• Tribal Loan Row Must Go To Arbitration, 6th Circ. Says
• Feds Say $12.6M Ocwen, PHH Fees Deal Lacks Value To Class
• Ethics Tips For Attorneys Telecommuting Across State Lines
• Swedish Crypto Fraudster Cops To $16M Investment Scheme
• 3rd Circ. Backs BNY Firing Worker For Violent Facebook Post
• UK Food Delivery Startup Deliveroo Eyes Dual-Class IPO
• NJ Firm Accused Of Unlawfully Trying To Collect On Debt
• SEC Pays $5M To Tipsters, Denies Duo Who Alerted Media
• SEC Task Force Will Use Data, Tips To Uncover ESG Violations
• 'Discovery War' Revealed In Insurer's Contract Row With UBS
• Juror In SDNY Pot Biz Trial Tests Positive For Coronavirus
• Ex-SEC Chairs, States Back Goldman Investors In Cert. Fight
• Ex-Cowen & Co. Banker Must Arbitrate Discrimination Suit
• TransUnion 'Belittling' Harms In FCRA Fight, High Court Told
• NY Regulator Fines Mortgage Lender $1.5M Over Data Breach
• CFPB Says Payment Processor Aided $71M Elder Fraud
• SEC To Step Up Climate, Crypto Focus In 2021 Examinations
• SDNY Prosecutors Disclose Evidence Error In Pot Biz Trial
• 6 Ways Legal Employers Can Help Pandemic-Weary Parents
• Citi Wants Its $500M Kept On Ice For Transfer Fight Appeal
• Ex-Goldman Sachs GC Rejoins Sullivan & Cromwell
• WebBank Hires Former Paul Hastings, Petal Card Atty As GC
• Ex-Trader On The Hook For $22.7M Judgment, 11th Circ. Says
• Kirkland Hires Away Baker Botts Debt Finance Partner
• Goldman Sachs' General Counsel Is Exiting The Bank
• GameStop, Diversity Policies Dominate Gensler's SEC Hearing
• Chopra Pledges A Vigorous But Fair CFPB If He's Confirmed
• Co. Slams CFPB's 'Hyberbolic' Immigration Bond Suit
• SEC's Peirce Says Gensler, FinHUB Could Bring Crypto Clarity
• Aussie Bank Westpac Inks $25M Deal In Rate-Rigging Suit
• US Says No To Arbitrating Ukraine Bank Fraud Property Suits
• Renovate America Pushes Back Sale To Review Creditor Deal
• Jones Day Adds Ex-DOJ Acting Division Head In Latest Coup
• Consumers Want Court OK For $104M Deal With Chicken Cos.
• Eaze Exec Tells Jury He Helped Fool Banks On Pot Biz Billing
• 3 Degrees Of Legalization Show True Prevalence Of Cannabis
• A Cautionary Tale On Duplicative Noncompetes
• Charitable Fund Dispute Opens Doors For Litigation Wave
• Remote Working Tips For Lawyer Trainees And Their Firms
• JPMorgan Chase Defeats Iran Hostage Crisis Class Action
• What To Watch As Biden's CFPB Nominee Faces Senate Panel
• 6 Topics To Watch As Gensler Interviews For Top SEC Job
• Fed. Circ. Says 'Scandalous' Conduct Calls For Atty Fees
• SPACs Power Another Record-Breaking Month For IPOs
• Goldman Sachs Will Trade Bitcoin Futures Amid Crypto Boom
• Time Limit Debate On Navient Loan Claims Will Go To 3rd Circ.
• Experian Didn't Violate FLSA Over On-Call Wages, Judge Says
• Black Knight Says PennyMac Waived Arbitration
• FDIC Innovation Chief Aims To 'Move The Needle' On Fintech
• Insurers Lose Restitution Defense Bid In $120M Coverage Row
• Pot Credit Card Sales Pros Tell Jury No Intent To Fool Banks
• Investor Sues To Block Minority-Focused Lenders' $1B Merger
• Ga. Judge To Review Biz Court Rule In Mortgage Rates Row