Banking Archive » May, 2021

Banking - May, 2021

251 articles

• Law360 Names 2021's Top Attorneys Under 40
• SEC Sues Crypto 'Promoters' Over $2B BitConnect Offering
• Trader Owes $23M In FINRA 'Short Squeeze' Arbitration Case
• 6th Circ. Blocks SBA's COVID-19 Loan Priority For Minorities
• Fla. Ride-Hailing Lender Would Refund $1M Under CFPB Deal
• Senate Punts On Massive Tech, Trade Bill Aimed At China
• Consumer Says Afterpay Hid Risk Of Bank Overdraft Fees
• 11th Circ. Rejects Berkshire Bid To Ax $4M Insurance Award
• NY Appeals Court Revives Fund Manager's Retaliation Claim
• SEC Fine Highlights AML Reporting As Enforcement Priority
• UK Litigation Roundup: Here's What You Missed In London
• 5 Tips To Help Your 2021 Summer Associates Succeed
• EU Renews €6.5M Fine On ICAP Over Yen Derivatives Cartels
• Senate Adds Trade Package To Major Tech Bill Aimed At China
• Report Warns Of Growing Crypto Threats, Regulatory Scrutiny
• Chinese Billionaire's 'Antics' Rankle Judge In $116M Loan Row
• CFPB Asks 4th Circ. To Hold Line On Home Loan Arbitration
• Overdraft Fees Reenter Spotlight At 2nd Bank CEO Hearing
• Tribal Lending Deal With $86M Cash Relief Asks For Final OK
• Nebraska Creates Banking Charter For Crypto Services
• JLL Income Property Trust Scores $650M Credit Facility
• Weighing Ability To Pay Criminal Fines Amid FCPA Crackdown
• Bitcoin ATM Biz Says Poor Cybersecurity Led To $750K Hack
• Julius Baer Will Pay $79M To Settle FIFA Corruption Case
• Firms Should Use Surveys To Make Smart Legal Tech Choices
• Guatemala's Payment Of Teco's $27.6M Award Stayed For Now
• Credit Union Scores Win Over Rival's 'Not A Bank. Better' TM
• Debt Collector Seeks Rehearing In 11th Circ. Mail Vendor Case
• Sens. Spar Over 'Woke-ism' In Wall Street Oversight Hearing
• SEC Could Boost Oversight Of Private Markets, SPACs
• 2 Fintech Startups Rally After IPOs Raise $461M Combined
• Fla. Men Say Feds Can't Seize Fraud-Linked Ky. Skyscraper
• Novel Veil-Piercing Claim Kept Alive In Chancery Debt Suit
• Customer Says Dollar Bank Should've Flagged $4.3M Scam
• Austrian Bankers Laundered $170M For Odebrecht, Feds Say
• Huntington's $22B TCF Deal Approved With Branch Sales
• FINRA Says Wolverine Failed To Disclose Order Flow Rebates
• GreenSky Investors Strike $27.5M Deal Over IPO Disclosures
• Treasury Nominee Pledges To Address Trillion-Dollar Tax Gap
• Warren To Fed's Quarles: Financial System 'Safer' Without You
• Don't Forget Due Diligence In Race For Lateral Associate Hires
• State Street Faces ERISA Class Claims Over 'Self-Dealing'
• FDCPA Rulings Show Spokeo's Influence, 5 Years Later
• SEC Eyes Feds' Bid To Force Ex-Nomura Trader To Pay $1.2M
• New Circuit Split Complicates Domestic Securities Test
• Del. Suffers Early Loss In High Court Unclaimed Property Row
• Conn. Justices Say Lending Co. Is Immune As Arm Of Tribe
• Wawa Managers Can't Get Class Cert. On OT Claims
• BofA Inks $6M Deal To Settle Credit Card Autopay Suit
• Feds Want Multi-Year Sentences For Ex-Deutsche Traders
• SEC's Lee Rebukes 'Myths' Related To ESG Disclosures
• Fed's Brainard Says Digital Dollar Could Yield Safety Benefits
• Regs Shouldn't Favor SPACs, Committee Told
• Ex-JPM Trader Tells 2nd Circ. Courts Decide Antitrust Rule
• Morgan Stanley Wraps Up Fired Diversity Chief's Bias Suit
• Addressing Environmental Justice As Part Of ESG Initiatives
• Coinbase Hires Goldman Sachs Exec As Lead Lobbyist
• MoFo Guides SoftBank In $250M Banking Technology Bet
• Alsup Cites Bill Clinton In Denying DeVos Bid To Dodge Depo
• Insurers Set Limits On Risky Sectors Amid Cybercrime Spike
• FDIC Seeks To Quash State AGs' Valid-When-Made Suit
• A Benefits Attorney's Guide To Collective Investment Trusts
• Seila Law Plots Round 2 With CFPB At Supreme Court
• How Tech Race Bill Expands CFIUS Purview To Academia
• Gov't Authorities Should Assist Ransomware Targets
• Jury Finds ATM Maker Stiffed Technician On Overtime
• Anti-Money Laundering Risks Amid Rising NFT Popularity
• Ex-Facebook Novi, Circle Compliance Chief Talks Crypto Regs
• Lessons In Civility From The Alex Oh Sanctions Controversy
• Watchdog Sends Quicken Loans To FTC Over Privacy Claims
• IP Forecast: Customer Service Secrets Row Heads To Jury
• Sen. Brown Urges OCC To Rethink Crypto Bank Charters
• Biden Instructs Agencies To Evaluate, Mitigate Climate Risks
• Citi Takes $500M Revlon Transfer Freeze Bid To 2nd Circ.
• BofA Customer Launches Overdraft Fee Class Action In Philly
• Ashurst Snags Ex-Deutsche Bank GC As Corporate Atty
• Gay Exec Can't Rejoin Bias Suit Against People's United Bank
• SEC Hits Broker-Dealer With 'Naked' Shorting Suit
• Navigating Development Bank COVID-19 Relief Probes
• Biz Record Admissibility Rule Must Adapt To An ESI World
• What US-French Securities Oversight Efforts Mean For Cos.
• Social Media Co. Tied To Bannon Duped Investors, Suit Says
• FINRA Chair Suggests Tying Exec Pay To Diversity Efforts
• Nebraska Bank Hit With OT Suit Over Bonus Calculations
• Illinois Ruling Clarifies Ch. 7 Substantial Contribution Claims
• EU Fines 3 Banks €371M For Operating Bond Trading Cartel
• OCC's Hsu Sees Climate, Fintech, Bank Risk Among Priorities
• Eatery Can't Block COVID-19 Loan Priority For Minorities
• BofA Atty Says Outside Biz Activities No. 1 Remote Work Risk
• FINRA To Seek Public Input On 'Gamification' Of Stock Market
• Sens. Expand Massive Tech Bill Aimed At China
• 3rd Circ. Affirms BofA's Quick Win In TCPA Robocall Suit
• Investor Faces Uphill Battle To Revive ICO Case Against T.I.
• Western Union Fights Virus Coverage Suit Dismissal Bid
• NH Judge Won't Reconsider $824K FBAR Ruling
• PetroSaudi Slams 'Overbroad' Bid For Piece Of $330M Award
• BofA Must Work Out Relief For Frozen Benefits Recipients
• Panasonic Whistleblower's SEC Award Exceeds $28M
• Fla. Appeals Court Orders Hearing On Bid To DQ Akerman
• Deutsche Bank Americas GC To Lead Financial Crime Unit
• Sens. Look To Bolster China Bill With Trade Enforcement
• NY Attorney General's Probe Of Trump Goes Criminal
• Fed Circ. Agrees Feds Can't 'Leapfrog' Insurer Liquidation
• OCC Will Reconsider Trump-Era Community Lending Overhaul
• Debt Collectors Face Surge Of Suits After 11th Circ. Ruling
• TD Bank Customers Reach $41.5M Deal In Excessive Fee Suit
• Ex-Compliance Chief At Santander, RBS Joins Consultancy K2
• 2 Fintech Startups Prep IPOs That Could Net $400M Combined
• Cooley Helps Amount Raise $100M For Digital Banking Tech
• Justices Must Weigh Class Cert. Denial Stats In Goldman Case
• DeVos Wants To Ditch Deposition In Student Loan Relief Case
• US Bank Retirees Can't Get Class Cert. In Minn. ERISA Suit
• Kasowitz Real Estate Litigation Leader Sees Rise In Activism
• Judging A Book: Rodriguez Reviews 'When Machines Can Be Judge'
• Trump Near Deal With Dems In Deutsche Bank Subpoena Suit
• US Targets Alleged ISIS Funders In New Sanctions Hit
• Progressives Say Trump Changes Hindered Regulatory Portal
• CFPB Eviction Disclosure Rule Survives Restraining Order Bid
• DOL's Walsh Supports America Adopting Paid Family Leave
• Crypto Startup Coinbase Primes $1.25B Convertible Bond Sale
• Debt Firm Could Pay $5.4M For Deception Under CFPB Deal
• OneCoin, 'CryptoQueen,' Financier In Default In $4B Fraud Suit
• Fed Board Atty Named OCC Chief Counsel
• 9th Circ. Won't Rehear 'Goliath' CFPB's Panel Win Over Seila
• 5th Circ. Tosses Stanford Ponzi Investors' Claims Against SEI
• Senate To Debate $110B Tech Funding Bill To Outdo China
• Texas Justices Say Bank's Eagle Ford Deed Fix Trumps Suit
• Pipeline Ransomware Attack Could Raise Cyber Insurance Bar
• SEC Commish Says Data Key To GameStop, Other Top Issues
• CFTC Enforcement Predictions After Biden's First 100 Days
• Timberland Investment JV Pays $386M For 199K Acres In Chile
• Lessons In Fiduciary Duty From Employee Stock Plan Ruling
• 5 Steps For Law Firms Rethinking Flexible Work Post-COVID
• UK Litigation Roundup: Here's What You Missed In London
• State Street To Pay $115M After Fed's $290M Overbilling Probe
• House Clears Package To Expand Debt Collection Protections
• SEC Data Push A 'Game Changer' For 2021 Enforcement
• Fruit Co. Can't Get Coverage For $1.4M Email Scam Loss
• Weed Fraudsters' Acquittal Bid Smoke and Mirrors, Feds Say
• Shareholder Brings Lending Experience To Stearns Weaver
• BNY Mellon Investor Wants Fee Suit Revived At 3rd Circ.
• BofA To Pay $75M To Settle Customers' Overdraft Fees Suit
• Ex-CEO Must Face Charges In NJ Bank Fraud Scheme
• Mortgage Insurer Pauses $496M IPO, Citing 'Trading Volatility'
• Workers For Lender Want $3.9M Deal To End OT Wages Suit
• Assessing SPAC Risk After SEC Pumps Brakes On Market
• SEC Fines Broker $1.5M For Failure To Report Cybercrimes
• Feds Say Private Equity CEO Forged Docs To Get $95M Loan
• Bankrupt NHL Player's Creditors Say He Can Pay His Debts
• GOP Reps. Pitch Bill To Federally Decriminalize Cannabis
• Wawa Gets Employee Pay Claims Trimmed In Data Breach Suit
• Texas Panel Revives TitleMax's Payday Loan Rules Challenge
• Wells Fargo Can't Escape ERISA Self-Dealing Suit
• Citi Denied $500M Freeze Extension In Revlon Transfer Fight
• Firms Can't Shake RICO Suit Over Loan Scheme, Court Told
• DC Judge Sanctions Paul Weiss, Alex Oh In Exxon Case
• Judge's Rebuke Of Mass. AG Has Lessons For All Attorneys
• Senate Backs Repeal Of 'True Lender' Rule
• FTC To Lean On State AGs After High Court Ruling, Head Says
• Eviction Disclosure Rule OK With 1st Amendment, CFPB Says
• Payment Tech Biz Touts Largest Series B For A Brazilian Co.
• BitMEX Anti-Money Laundering Trial Set For March
• Arent Fox Adds Ex-Cooley Atty To Partnership In DC
• Navient Can't Shake NJ Fraud Suit With Preemption Argument
• JPMorgan Whistleblower's Rigging Suit Axed By Mass. Court
• Gibson Dunn, Davis Polk Steer Amazon's $18.5B Debt Sale
• FDIC Wants Crypto Info From Banks Amid Global Digital Push
• Caribbean Banks Ask To Leave Ch. 11 Behind
• Font Considerations To Give Your Legal Briefs An Edge
• Nigeria Wins JPMorgan US Docs Disclosure In $875M Suit
• 1st Circ. Affirms UBS Win In $70M Puerto Rico Arbitration Row
• SEC Hands Out $22M Award, Settling Whistleblower Spat
• Forfeiture Suits Over PrivatBank Loan Scheme Paused
• Cohen Milstein Rips Paul Weiss, Alex Oh's 'Half Apologies'
• Industry Groups Back Citi In 2nd Circ. Revlon Transfer Fight
• FDIC Settlement Comes With $1.8M Fine For Umpqua Bank
• CFPB Probes Lender TMX Over Potential Settlement Breach
• Chase Wins $20M In Landry's Data Breach Suit
• Texas Firm Settles PNC Suit Over $3.3M Private Jet Loan
• 'Sale' Of Trendy Pittsburgh Ace Hotel Unproven, Court Told
• Ga. Credit Union To Settle Revived Overdraft Fees Suit
• Make Profitability Management Part Of Your Law Firm Culture
• BofA Hit With RICO Class Action Over Mortgage Fees
• MoneyGram May Face CFPB Enforcement Action
• Brex Hires Barclays Exec For Compliance Chief Slot
• Congressional Scrutiny Adds Momentum For SPAC Oversight
• 1MDB Sues Deutsche Bank, Others For $23B Over Scandal
• Industry Groups Urge Sens. To Spare OCC 'True Lender' Rule
• Alex Oh Says She Rues 'Breakdown Of Civility' In Exxon Case
• BofA Seeks Toss Of Calif. Unemployment Fraud Suit
• SEC Approves 1st Security-Based Swap Data Repository
• Banking Co. Wants To Toss ERISA Suit Over Affiliated Funds
• $3.3M M&T Bank Mortgage Fee Deal Approved On 2nd Try
• China-Based Taco Bell Operator Blasts SEC Audit Proposal
• Investor Says Feds' EB-5 Visa Delay Violates Statutory Duty
• Feds Can't DQ Ex-CFTC Adviser From Spoofing Case
• Robinhood Data Breach Suit Trimmed, But Still In Play
• NY AG Moves To Halt Crypto Firm After New Investor Claims
• Co. Can't Enforce Forced Arb. Pact, Calif. Panel Rules
• SEC Scrutiny Spooked The SPAC Market, But Won't Stifle It
• UK Litigation Roundup: Here's What You Missed In London
• Fed's Hsu Officially Lined Up As Acting OCC Chief
• Sheppard Mullin Adds Buckley Finance Atty In LA
• 5 Takeaways From Gensler's Debut In Congress As SEC Chair
• Wawa Can't Close Out Financial Institutions' Data Breach Suit
• IP Forecast: 2nd Circ. To Hear Funder's Fake Nikes Fine Fight
• FDIC Says BofA Disgorgement Not Blocked By FTC Ruling
• Alex Oh Lawyers Up In Exxon Case After Brief SEC Stint
• Trans Analyst Says Citibank Fostered Hostile Workplace
• Wells Fargo Says CFPB Probing Debit Card Disclosures
• Crypto Trader Can't Nix SEC Subpoena On Privacy Grounds
• 11th Circ. Says Use Of Biz Account Bars Ch. 7 Debt Discharge
• WSFS Investor Says Financial Unknowns Plague $976M Deal
• Fenwick, MoFo Build $2.5B Deal For Fintech Startup Divvy
• CFPB's First 100 Days Lay Foundation To Maximize Authority
• GoDaddy Taps McKesson Corp. Atty For CLO Slot
• CFPB May Fill Enforcement Gap After FTC's High Court Loss
• 4 Trends In Discoverability Of Litigation Funding Documents
• Loan Customers' Attys Nab $6M In Fees From Experian Deal
• Fed Eyes Account Access Rubric As 'Novel Institutions' Knock
• Ransomware Scourge May Be Nearing Its Breaking Point
• Sens. Urge FinCEN To 'Promptly' Roll Out Corporate Database
• Gensler Says SEC Is Mulling Rules On Gamelike Trading Apps
• Courts Take Shortcut To Ax Patents Under Alice, Justices Told
• Cooley Leads Jessica Alba-Founded Startup's $413M IPO
• Duff & Phelps Says It's Not Liable For $789M Ponzi Claims
• W.Va. Consumer Law Changes Offer Help For Finance Cos.
• Fla. Foreclosure Atty Fights Deutsche Bank's Sanctions Bid
• Williams Mullen Adds Fiduciary Services Partner In Virginia
• Nigeria Seeks US Compliance Docs In $875M JPMorgan Suit
• Yellowstone Capital To Pay $9.8M To End FTC Claims
• Top Senate Dem Says OCC Shakeup Is 'Exact Right Move'
• CFPB Says Mortgage Complaints At Highest Level In 3 Years
• 3 Firms Guide Mortgage Insurer's $496M IPO
• Landlord Group Sues CFPB Over COVID-19 Eviction Rule
• Enabling Nonsecurity Fractional Ownership Of NFTs
• 7 Lessons For Young Lawyers Starting Their Careers
• Lawmakers Urge Yellen To Stiffen Reporting For Hedge Funds
• Ex-Goldman Sachs Worker Wants Class Cert. In 401(k) Suit
• Fed's Powell Open To Idea Of Expanding CRA To Nonbanks
• Feds Stand By 1MDB Link In $330M PetroSaudi Forfeiture Suit
• INX Raises $85M In First IPO Of Registered Security Token
• CFPB Reminds Landlords To Honor COVID-19 Evictions Pause
• Jury Got Ex-JPM Trader's Conviction Right, Feds Tell 2nd Circ.
• Fla. Investment Adviser, Va. Atty Convicted Of $25M Scheme
• How Justices' AMG Ruling Affects Privacy And Cybersecurity
• Plaid Wins Partial Toss Of Privacy Suit Over Banking Data
• Real Estate Rumors: RedSky, Morgan Stanley, Skywood
• Archegos Fallout Is A Wake-Up Call For Banks
• SEC's Peirce On Crypto Ambitions, GameStop's Lessons
• High Court Won't Disturb Wells Fargo's ERISA Stock Drop Win