Banking Archive » April, 2021

Banking - April, 2021

255 articles

• 10th Circ. Partially Revives News Website's TM Row With BofA
• 2nd Circ. Told Revlon Lenders' Citi Win 'Wrong As It Sounds'
• Block & Leviton Will Lead Investor Suit Against Bit Digital
• 3rd Circ. Preview: Workplace Suits Spotlight May Lineup
• Real Estate Rumors: Easton, Vornado, Housing Trust
• Navient's Bid To Ditch NJ Fraud Suit Meets Skeptical Judge
• New Money Laundering Regs Will Aid Art Market Transparency
• Federal Reserve Sued Over Debit-Card Interchange Fee Rules
• SEC's Peirce Talks ESG And Agency's Future Under New Chair
• Feds Recover $8.4M PPP Loan Issued To Florida Biz
• Ex-DOJ Bribery Chief To Join WilmerHale's White Collar Group
• UK Litigation Roundup: Here's What You Missed In London
• SEC Enforcer's Exit Won't Sour Gensler On BigLaw Hires
• OCC Takes Aim At State Regulators' Fintech Charter Challenge
• Attys Get $14M After $5.4M Mortgage Lender Judgment
• Justices Should Clarify Securities Fraud Loss Causation
• Wilson Sonsini Steers Fintech Paxos In $300M Funding Round
• 6th Circ. Won't Rehear Age Bias Case Despite EEOC Push
• Chancery Nixes Injunction In SourceHOV Appraisal Debt Row
• How Gov't FCPA Hiring Practices Theory May Pan Out In Court
• Norton Rose Names New Heads Of Corporate, Finance
• Ex-OCC Head Defends 'True Lender' Rule As Dems Eye Repeal
• 11th Circ. Revives Consumer's FCRA Suit Against Experian
• Robust Debt Market Keeps Humming At Record Levels
• SEC Enforcement Head Resigns 1 Week After Being Hired
• New Markets Credit Will Aid Recovery In Low-Income Areas
• FDCPA Ruling Has Privacy Implications For Financial Services
• Ill. Accountant Admits To Role In $5.3M Auto Lender Fraud
• NY Regulator Says SolarWinds Cyberattack A 'Wake-Up Call'
• US Needs Better, Nonpunitive Approach To Greening Trade
• What Kan. Bankruptcy Ruling Means For Junior Lenders
• Credit Suisse, Others Fined €28M Over Bond Trading Cartel
• Robinhood's Bid To Toss Hacking Suit Meets Skeptical Judge
• CFPB Locks In Compliance Delay For Qualified Mortgage Rule
• Bank's Ex-Leaders Plead Not Guilty To More Fraud Charges
• Most Firms Withhold Hard Data In Human Capital Disclosures
• US Wants $330M Held By Clyde & Co. In 1MDB Funds Fight
• Pa. Justices Will Weigh If Whistleblower Awards Are Taxable
• Ill. Judge Reverses Class Cert. And Ends Debt Collection Suit
• CFPB Fines Reverse Mortgage Lender Over Its Advertising
• Credit Suisse Faces Revived Claims Over Inverse VIX Crash
• Teen Banking Biz Nabs Celebrity Backing In $100M Series C
• Fifth Third Nabs Exit From Investors' Investigation Fraud Suit
• UBS Names Ex-Rio Tinto, Novartis Atty As Group GC
• The Pandemic's Bright Spots For Lawyers Who Are Parents
• Huawei Cleared Over Info-Sharing With Fugitive CFO
• Coding School Settles Over Calif. Tuition Financing Contracts
• Fintech Borrowers Get Class Cert. In Tribe-Linked Usury Suit
• $2.2M Bancard Junk Fax Deal Gets Ill. Court's Early OK
• DC Circ. Doubts World Bank Unit's Liability For India Pollution
• Prison Phone Co. Says Billing Complaint Is Baseless
• COVID Vaccine Maker, Jessica Alba's Startup Launch IPOs
• 2 Firms Guide $2.6B New York, Midwest Bank Merger
• 4 Ways Private Capital-Raising Rules Are Loosening Up
• Latest CFTC Bounty Stirs Calls For More Whistleblower Funds
• OCC Greenlights Crypto Co. Paxos' Federal Banking Charter
• Man Can't Get FBAR Penalties Overturned, 11th Circ. Rules
• How Tuna Antitrust Ruling Affects Job Bias Class Actions
• Economic Sanctions And Export Controls: A Q1 Update
• Colombian Immigrant Sues Pa. County For Discrimination
• BofA To Pay $11.5M To Settle 3 Employee Wage Suits
• Revise Mansfield Diversity Mandates To Also Benefit Veterans
• Shearman & Sterling Taps Ex-Baker Botts Finance Partner
• UK Litigation Roundup: Here's What You Missed In London
• Who Is Alex Oh? 6 Things To Know About SEC's New Enforcer
• Deutsche Bank Seeks Sanctions For Atty's 'Egregious' Scam
• We Haven't Heard The Last From SPACs, Panel Says
• ING Loses Dismissal Bid In Suits Over Shippers' Fuel Debts
• Adviser Says Intra-EU Arbitral Awards Must Be Reviewable
• Louisiana To Settle Rest Of GSE Bond-Rigging Case
• 11th Circ. Revives Debt Collection Suit Over Info Disclosure
• GOP Sens. Say Biden Climate Policies Undermine SEC
• Apple Bank Seeks $27.5M In Charter Plane Financing Dispute
• Biden Plan Would Gut US Funding Of Global Fossil Fuel Work
• Practical Considerations For NY Cannabis Licensing
• Class Action Access At Stake In High Court TransUnion Case
• SEC Taps Paul Weiss Partner To Lead Enforcement Division
• Biden Kicks Off Earth Day Climate Summit With World Leaders
• Wind Farms Fight Citi's $118M Bill For Texas Storm Energy
• GenMark Investor Wants Records On $1.8B Roche Deal
• PG&E Investor Settlement Gets Initial OK From Judge
• Senate Panel Advances Bill Aimed At Curbing China's Rise
• CFPB's Next Stop Is Appeal As Ocwen Win Is Finalized In Fla.
• House Approves Bill For Crypto Regulatory Working Group
• PetroSaudi Seeks Final Ax To Feds' $330M Forfeiture Suit
• US Agencies Breached In New Remote Network Hacking Spree
• OFAC Should Issue SDN Payment Licenses that Don't Expire
• Crypto Bills Show Consensus On Need For Federal Oversight
• Ex-Nomura Trader Tells 2nd Circ. He Had No Intent To Harm
• Del. Justices Urged To Restore KPMG Negligence Claims
• Wells Fargo Can Appeal Cert. Order In Overtime Suit
• Citizens Financial GC Joins Murphy & McGonigle
• Full 9th Circ. To Rehear Oakland's Wells Fargo Loan Bias Suit
• Texas Firm Seeks Exit From PNC Suit Over Jet Payments
• Landmark Equifax Data Breach Deal Challenged At 11th Circ.
• FinCEN Rules Seen As Potential 'Killer' Of Art, Antique Shops
• Morningstar Says SEC Oversteps Its Authority In Ratings Suit
• Audits Continue Unabated Despite COVID-19, Report Shows
• Woman Agrees She Owes $3.3M In FBAR Penalties
• What To Expect From FinCEN's Beneficial Ownership Rules
• Court Won't Trim Claims BofA Botched Bankruptcy Report
• Using Cryptocurrency To Evade Sanctions Creates New Risks
• 1st Fla. Climate Change Suit May Be Just The Beginning
• Binance.US Taps Ex-OCC Acting Chief As New CEO
• Fintech Entrepreneur Cops To Fraud In Pandemic Relief Rap
• 4 New SEC Executive Staff Members Bring In-House Expertise
• Bankruptcy Litigation Could See More Third-Party Funding
• Top Arbitration Silk Leaves Essex Court For Brick Court
• FINRA Bars Ex-Goldman Research Analyst For Insider Trading
• 9th Circ. OKs $52M Fee For Attys In Wells Fargo Suit
• NRA Can Argue LaPierre Paid Back Extra Benefits
• 3rd Circ. Says Atty Can't Get Payout Absent Fee-Sharing Deal
• House Approves Bill Giving Pot Industry Access To Banks
• Webster, Sterling Bancorp Ink $10.3B Deal Led By 3 Firms
• Crypto Buyer's Claims Against Bibox Came Too Late
• Asset Management Takeaways From SEC Risk Alert On ESG
• Investors Sue Credit Suisse Over Greensill, Archegos Fiascos
• CFPB Issues Debt Collector Rule Tied To Federal Eviction Ban
• Michigan Bank, Pension Fund Settle $12.5M Securities Row
• China Bank Unit Faces Ponzi Scheme Suit Over $46.5M Loss
• Law360's Guide To Biden's Judicial Picks
• Cannabis Bill Roundup: SAFE Banking Will Get A Floor Vote
• Pension Fund Drops Suit Against Tesla Over $1.8B Bond Offer
• With 'True Lender' Repeal, Dems May Bag Their 1st CRA Win
• Cybercrime Group Member Gets 10 Years For Hacking US Cos.
• Prepare For Global Collaboration In Crypto Tax Enforcement
• Why The Future Law Firm Model Is Industry-Based Offerings
• 9th Circ. Shows How Stats Shore Up Rejection Of Class Cert.
• FINRA Fines Trading Firm $250K For Alleged AML Failures
• Ex-Duane Morris Partner Joins Faegre Drinker Litigation Team
• UK Litigation Roundup: Here's What You Missed In London
• Madoff's 'Seismic Shift' On SEC, Compliance Still Felt Today
• 'Thumbs Up': Regulators Back Push For Legacy Libor Fix
• Feds Say Huawei Defied Order, Shared Info With Fugitive CFO
• 9th Circ. Sends GCA Banker's Bias, Pay Case To Arbitration
• SEC Doles Out Second-Largest Whistleblower Award
• Anticipating Plaintiff Strategies After High Court TCPA Ruling
• SEC's Ex-Acting Enforcement Director Joins Simpson Thacher
• Deals Rumor Mill: Toshiba, VinFast, Impossible Foods
• M&A Takeaways From ABA Antitrust Meeting
• Coinbase's Public Debut Vaults Crypto Further Into Spotlight
• Ex-Deutsche Traders Urge 2nd Circ. To Nix Libor Convictions
• Where Are They Now: Key Players In The Madoff Case
• Insurance Broker To Pay $3M To Settle With NY Regulator
• Ex-Goldman Sachs VP Can Appeal Legal Fee Bid Denial
• Chubb Wants Western Union's Virus Coverage Suit Tossed
• Debt Settlement Co. Agrees To Pay $1.4M To End CFPB Claims
• Defending Against 'Entrepreneurial Model' Class Actions
• Fintech Lands $3.6B Value After Latham, Davis Polk-Led IPO
• Skadden, Mayer Brown Lead $1.7B Caliber Home Loans Deal
• Bernie Madoff, Architect Of $65B Ponzi Scheme, Dies At 82
• Senate Confirms Gary Gensler To Lead SEC
• Enforcement Takeaways From ABA Antitrust Meeting
• Sen. Warren Tells Navient's CEO He Should Be Fired
• TitleMax Challenges Dallas' New Payday Loans Ordinance
• SEC Urged To Ramp Up Money Market Fund Regulations
• O'Melveny Adds Former CFPB Lawyer To Fintech Practice
• 2nd Investment Adviser Cops To $100M Loan Fraud Scam
• Blockchain Software Biz Lands $65M From JPMorgan, Others
• Pa. Mall Owners Seek Separate Trial Over Banks' Withholding
• Thought Leadership's Critical Role In Law Firm Diversity
• TCPA Litigation And Compliance After Facebook Ruling
• People's United Bank Must Face Trimmed Bias Case
• Pot Property Co. Wants To Arbitrate Lender's Libel Claims
• Lender Must Face DACA Holder's Discrimination Suit In Court
• Insurer Says Banks Not Covered For $1.2M Lawsuit Over Deal
• Protecting Federal Stimulus Payments From Creditors
• Class Action Issues To Watch In High Court TransUnion Case
• Regulators Warn That SPAC Accounting Errors Require Fixes
• Stanford Receiver Nabs $125M Judgment In Ponzi Clawback
• Halkbank Tells 2nd Circ. It's Immune From Sanctions Case
• 3rd Circ. Won't Revive Suit Over Debt Collection Letter
• Seila Law Says Full 9th Circ. Should Reject CFPB Ratification
• Structural Shift In ESG-Linked Debt May Make Issuance Easier
• Chase Agrees To Pay $11.5M To End Escrow Interest Suit
• 3 Firms Lead As BancorpSouth, Cadence Form $6B Bank
• Citi Cites Archegos In Push For $500M Revlon Transfer Freeze
• Feds Drop Criminal Charges In Alleged Fintech Fraud Scheme
• SEC Exam Unit Warns Firms Of ESG Disclosure Deficiencies
• Drugmaker MannKind Escapes Investors' Suit At 9th Circ.
• Swiss Court Says UBS Clients Can't Bar French Data Transfer
• Credit Suisse Sues Spoofers Over Stolen Employee Records
• Pa. Inks $3M Deal With Ex-Fintech CEO Over Payday Loans
• SEC's ESG Unit Chief Says Existing Regs Key To Enforcement
• Fed Asks Banks For Input On AML Risk Models
• Sustainability-Linked Bonds Provide Boost For Green Finance
• Lieff Wants To Know Why Overbilling Probe Cost So Much
• Del. Rulings Guide On D&O Insurance For Corporate Fraud
• What Associates Should Consider Before Switching Practices
• Wage Deal Can't Include Atty-Linked Organization, Judge Says
• UK Litigation Roundup: Here's What You Missed In London
• Tribal Lending Deal With Larger $182M Payout Gets Initial OK
• 6th Circ. Urged To Not Erase 5 Years Of Robocall Violations
• Banks Can't Duck Foreclosure Claim Rooted In Fraud Scheme
• Ex-Signac Exec Gets 2nd Arbitration Try In Credit Suisse Fight
• Bank Employee Arrested For Alleged $1.7 Million Wire Fraud
• SEC Official Warns That SPACs Offer No Legal Shortcuts
• New Bill Aimed At Curbing China Would Expand CFIUS' Power
• SEC's Whistleblower Chief To Depart After Record-Setting Run
• CFPB's QM Rule Delay Plan Gets Industry, Advocate Pushback
• 4 Effective Ways To Prioritize Client Advocacy
• Home Depot Wants $50M Coverage For Data Breach Suit
• Senate Banking Chair Probes Banks Over Archegos Collapse
• Banks Beat Victims' Suits Over Hamas Funding At 2nd Circ.
• Firms Can't Be Roped Into RICO Suit With Client, Judge Told
• 2nd Circ. OKs Plaintiff Swap, Revives Post-Scandal Libor Suit
• BofA Accused Of Failing To Protect Calif. Customers' Benefits
• Former Malaysian PM Can't Intervene In 1MDB Evidence Fight
• Call Center Workers Seek Collective Cert. In OT Suit
• CFPB Proposes 60-Day Extension For Debt Collection Rules
• Remote Law Firm Culture Should Prioritize Associate Training
• Ex-CFPB, Alston & Bird Attorney Joins Credit Card Co.
• Why CFPB's Disposal Of Supervisory Tool Is Problematic
• NFL Investor Taps New Atty For Crypto Case After Fee Dispute
• Pot Industry's Credit Card Temptation Alive Despite Dangers
• Trusts Seek Class Cert. In BNY Mellon Fund-Selection Suit
• CFPB Settles Over Calif. Debt Collector's 'Litigation Notices'
• FINRA Fines Credit Suisse $345K For Worker Oversight Lapse
• Brink's Buys ATM Services Biz PAI For $213M
• Virtual Litigation May Unravel The Narcissistic Lawyer
• 11th Circ. Backs Comcast Arbitration Clause In FCRA Row
• Defense Options After Calif. High Court Call-Recording Ruling
• Former Maryland US Attorney Joins Gibson Dunn's DC Office
• Fintech Lender's 198% Interest Rates 'Predatory,' DC AG Says
• Crypto Trial Will Have Limited Plexiglass On Scientist's Advice
• CFPB Pitches Servicing Regs To Blunt Pandemic Foreclosures
• Fintech Seeks $2B Valuation In Latham, Davis Polk-Led IPO
• Fed. Circ. Says Inventor Tried To Rehash Args In Patent Row
• Nelson Mullins Hires Ex-Wells Fargo Associate GC
• ABA Remote Work Guide Raises Bar For Atty Tech Know-How
• Suit Over Bank Exec's Alleged Masturbation Session Dropped
• Quinn Emanuel, Robbins Geller Get $28M For SSA Bond Deals
• Archegos Collapse Drags 'Family Offices' Into The Spotlight
• BofA Must Unfreeze Calif. Unemployment Benefits, Judge Told
• FDIC Says $946K House Flip Award Should Be Higher
• COVID-19 Has 'Exasperated' Bank Compliance Teams
• CFPB Hits Snag As It Tries To Clear Deck For Ocwen Appeal
• Focus Turns To Congress As Justices Narrow TCPA Liability
• 5th Circ. Affirms Dismissal Of $2.5M Award To Debt Collectors
• Lateral Hire Conflict Screening Lessons From DLA Piper Case
• Snell & Wilmer Snag Atty From Troutman Pepper In San Diego
• Key Enforcement Risks For SPAC Parties Amid SEC Scrutiny
• FinCEN Head Blanco To Depart, Names Acting Director
• Calif. High Court Says All Recorded Cell Calls Need Consent
• Crypto Exchange Coinbase To Make Public Debut April 14
• ERISA Doesn't Bar Forum-Selection Clause, 9th Circ. Says
• Energy Industry Water Recycler Floats $400M Notes Offering
• Barclays, Others Freed From La.'s GSE Bond-Rigging Case
• EB-5 Fraud Suit Tied To Failed Hotel Sees Key Settlement
• Venator's UK-Based GC Can't Duck Shareholder Suit In Texas
• FinCEN Seeks Input On New Anti-Money Laundering Rules
• Merrill Pays $450K FINRA Fine For Potential Insider Info Leaks
• Bank Can't Escape Ex-Manager's Pregnancy Bias Suit
• BNY Mellon Can't Cite Time Limit Yet In Fund Selection Suit
• UK Litigation Roundup: Here's What You Missed In London