Banking Archive » June, 2021

Banking - June, 2021

275 articles

• 4 Fast Facts About SEC's Next Enforcement Boss
• JPMorgan Escapes Revived Suit Over $3.7B Ponzi Scheme
• Jurors Hear Bank Insiders' Concerns Over Manafort Loans
• Federal Tech, Trade Bill Needs IP Owner Transparency Tweaks
• US Treasury Identifies Top Money Laundering Threats
• Tit-For-Tat Sanctions With China May Put Companies In A Bind
• In Defense Of Expedited Bankruptcies
• State Courts' Stark Lack Of Diversity Demands Action
• House Dems Renew Push To Rein In Overdraft Fees
• EU Not Liable To Shareholders Over Italian Bank Collapse
• What If Market Snubs SOFR As New Benchmark Interest Rate?
• Talks With UBS At 'Crucial Stage' In Belgian Tax Scandal
• 11th Circ. Revives Negligence Fight Against PNC Bank
• PHH Mortgage Must Face Inspection Cost Markup Suit
• CFPB Report Flags Consumer Reporting, Loan Servicer Issues
• 2nd Circ. Refuses To Revive HSBC, JPMorgan Swipe Fee Row
• Manafort Pal Had No Shot At Trump Gig, 'The Mooch' Says
• CFPB, Ga. Settle With Firm In Debt Relief Services Case
• EU Bank Regulator Highlights Barriers To 'Regtech' Adoption
• House Clears Huge R&D Bills, But Must Contend With Senate
• The Road To Class Action May Be Harder After TransUnion
• SEC Charges JPMorgan Unit With 'Unregistered' Trading
• FINRA's Short Data Reporting Idea May Spell Long-Term Pain
• NJ AG Tapped To Lead SEC's Enforcement Division
• Goldman Sachs, Ex-Execs Can't Nix 1MDB Shareholder Suit
• Ex-Wells Fargo Exec Can't Nix SEC's Accounts Scandal Claim
• GOP Sens. Prod Gensler Over Trump-Era Law Targeting China
• CFPB Narrows Foreclosure Limits In COVID-19 Servicer Regs
• Robinhood Says FINRA Form May Unduly Impact Minorities
• Retail Groups, Walmart Can Intervene In Swipe Fee MDL
• Don't Stay Crypto Fraud Case, SEC Tells Pa. Judge
• Credit Suisse Ordered To Pay $121M in Vegas Fraud Fight
• 2nd Ex-Deutsche Trader Gets 1 Yr For Metals Market Spoofing
• Sens. Push Bill To Tighten SEC's Insider Trading Rules
• A Confusing Split Over 'Reasonable Consumer' In Fla. Courts
• Giuliani Suspension Highlights Ethical Pitfalls For All Lawyers
• Rayburn Cooper Can't Escape Malpractice Suit, Judge Finds
• Managing Risk After SEC's Cyber Enforcement Action
• How Lenders Can Get SBA Payment On Defaulted PPP Loans
• Chilean Banking Mogul's Firms Hit Ch. 11 With $1.8B In Debt
• Justices Reinforce Spokeo Injury Bar With TransUnion Ruling
• Debt Collector Says High Court Opinion Backs Rehearing Bid
• Companies Scramble To Meet SEC's SolarWinds Info Deadline
• 5 Questions After High Court's Ruling In FHFA Challenge
• Mariano's Hit With Customer Suit Over Debit Card Cash Fee
• Israeli Trader Pleads Guilty In Insider Trading Ring
• Eastern National Hit With Record Request Suit By Investors
• 5 Things To Watch In The SPAC Market After Last Year's Boom
• Merrill Lynch, FINRA Strike $11.6M Deal For Oversight Issues
• UK Litigation Roundup: Here's What You Missed In London
• Managing Risks Of Algorithmic Bias In Corporate Decisions
• High Court Limits Class Standing In TransUnion FCRA Suit
• Congress Votes To Nix Trump-Era 'True Lender' Rule
• Scaramucci Tells Jury He Was Unaware Of Loans To Manafort
• Visa Pays $2.2B For Swedish Open Banking Platform Provider
• 8th Circ. Affirms Boot Of TD Ameritrade Tax Loss Tool Row
• House Approves Data Collection Bill For LGBTQ Borrowers
• Justices' FHFA Ruling Is Small Step In A Dangerous Direction
• Goldman Sachs Unit Sued For $54M Over Ruby Tuesday Deal
• PE CEO Gets 30 Months For Ripping Off Pot Venture Investor
• Ex-OneMain Financial Atty Rejoins Fiserv As CLO
• Central Bank-Backed Crypto Requires Regulatory Framework
• Hong Kong Fines Deutsche Bank Over Reporting Breaches
• Ex-Bank CEO Tells Jury Manafort Loans Weren't Corrupt
• Wells Fargo Asks Full 9th Circ. To End Oakland Loan Bias Suit
• Bill Gives CFTC Tipster Program New Life, Albeit Temporary
• Ex-Goldman Banker Settles SEC's Ghana Bribery Case
• House Clears Bill To Study Crypto And Consumer Protection
• US Bank Strikes Tentative Deal To End Retirees' ERISA Suit
• Online Lender Faces Pa. Class Suit Over Illegally High Interest
• SEC Staff Hashing Out Potential ESG Disclosure Metrics
• No Class Cert. In $400M Bitcoin Fraud Case, Judge Rules
• Judge Vacates Student Loan Servicer's $354K Ch. 7 Sanction
• SEC Fines Guggenheim Unit Over Anti-Whistleblower Policy
• Wells Fargo, BofA Beat Suit Over PTAB Challenge
• Clearing House Drops $16.6M Fight With Securities Trader
• Biden Sanctions Reinforce Trump-Era Foreign Policy
• Lordstown Shows How Projections Can Invite SPAC Litigation
• High Court Says FHFA Director Must Be Removable
• In Arthrex, Justices Deal New Blow To Agency Independence
• Compliance Faced Rocky Start To 2021 As COVID Rolled On
• Goldman Ruling Unlikely To Move Needle On Class Actions
• Pinoleville Pomo Can't Use Its Court To Scrap Fed. Judgment
• Fla. Couple Defends Class Action Claims Against Wells Fargo
• SEC Commish Still On The Fence About ESG Disclosure Plans
• Will SPAC Restatement Wave Trigger Shareholder Litigation?
• Navigating Inadvertent Attorney-Client Privilege Waivers
• How SPACs Should Respond To Increasing Scrutiny
• Ch. 7 Lessons From Evander Kane Bankruptcy
• Orrick Gains Trio Of Structured Finance Partners In DC
• Ex-BigLaw Atty Says SEC Fails To Prove Securities Fraud
• 11th Circ. Drops T.I. Lyrics, Sides With Rapper In Crypto Ruling
• Texas Justices Take Up Question Of How Banks Are Served
• Ex-Deutsche Trader Gets 1 Year For Spoofing Metals Market
• Goldman Ruling Is A Boon For Class Action Defendants
• Pot Banker Says Looming Criminal Charges Warrant Suit Stay
• Chinese Central Bank Says Banks Must Block Crypto Trades
• ECU Threatened To Open Pandora's Box On HSBC FX Trades
• Attorneys Beware: Zoom Depositions Are Likely Inadmissible
• Crowell & Moring Adds Ex-Goodwin Procter Senior Litigator
• Justices Vacate Goldman Class Cert., Say 'Generality' Matters
• Businessmen Get Prison For Cannabis Bank Processing Con
• Texas Justices To Weigh If Atty Liable For Faked $500K Check
• Banking Co. Says Proprietary Fund Argument Is Too Extreme
• Fla. Wiretap Suits A 'Scheme,' Says Investment Firm
• BNY Mellon Fights Ruling Keeping Self-Dealing Suit Afloat
• Fla. Judge Threatens Default In Missing Escrow Funds Suit
• HSBC Plans To Sell French Retail Banking Unit At $2.3B Loss
• Justices Should Acknowledge ESG's Importance To Investors
• BBVA Rolls Out Bitcoin Service For Swiss Banking Clients
• TD Bank Can't Shed Customers' Suit Over ATM Fees
• Real Estate Rumors: Wells, Value Store It, Empire Capital
• O'Melveny Fintech Head Moves To Paul Hastings
• UK Litigation Roundup: Here's What You Missed In London
• State Street Dishes Docs In Euro Gov't Bond-Rigging Suit Deal
• Judge Backpedals On BofA Workers Class Cert. In Pay Fight
• SEC Says Adviser Illicitly Routed Trade Winnings To Relatives
• Senate Confirms Citigroup Exec As DHS Deputy Secretary
• What Crypto Holders Can Learn From Early-2000s Tax Scandal
• Bank Spoofing Win 'Wrong Several Times Over,' 2nd Circ. Told
• 3rd Circ. Won't Rehear Suit Over 15-Year-Old BofA Robocall
• Cos. Can Expect Tougher Climate Risk Disclosure Mandates
• Joint NY, Fla. Receivership Proposed In $150M PE Fund Case
• Developer Asks 11th Circ. To Revive $47M Suit Against Angola
• Ill. Justices Say Foreclosure Filing Fees Are Unconstitutional
• NJ Fed. Court Should Ditch Litigation Funding Disclosure Plan
• Real Estate Rumors: Dattner Architects, Kushner, Beacon
• FX Boss Denies Suspecting HSBC Traders Of Front-Running
• Visa, Mastercard Accused Of Being Cartel In Square Fees Suit
• House Passes Bill Backing SEC's ESG Disclosure Plans
• 5 Ways Companies Can Prep For Biden's Anti-Corruption Push
• Nationstar Mortgage Sued Over Unauthorized Payment Glitch
• CFPB Reverses Trump-Era Military Lending Exam Policy
• Tribe-Linked Lender Funders Urge 9th Circ. To Ax Class Cert.
• How To Assess Price Volatility Changes In SPAC Class Actions
• Real Estate Rumors: American Stock, Wells, Maxim Credit
• Law Firm Talent Must Reflect Shifting US Demographics
• Ex-City National VP Says He Was Fired For Tax Whistleblowing
• Cannabis SPACs Are Piquing Investor Interest
• OSHA Considerations For Preventing Workplace Violence
• Ex-Goldman Exec's Virus-Delayed 1MDB Trial Set For January
• Verdict In Bankers' German Tax Fraud Appeal Due July 28
• OCC Backs BofA In 2nd Circ. Escrow Interest Preemption Row
• Justices Asked To Fix 'Hopeless Muddle' On CFPB Ratification
• Bracewell Lures Ex-K&L Gates Arbitration Leader
• Attys Win $11M Of $38M Deutsche Bank Silver Price-Fix Deal
• Man Admits Using Fake Cos. To Score $20M In Virus Loans
• SEC Fines Firm For Alleged Cyber Disclosure Failures
• Mortgage Co. Nutter Home Loans Can't Dodge Fraud Suit
• Ex-Deutsche Traders Aim To Avoid Prison Time For Spoofing
• HSBC Urges Judge To Dismiss 'Stale' FX Rigging Claim
• Lina Khan Named FTC Chair After Confirmation
• Risk Management Lessons From Recent Finance Co. Failures
• Feds Seek 'Substantial' Sentences Against Weed Fraudsters
• SEC Republicans Slam Plans To Tweak Trump-Era Rules
• CFPB Pushes To Keep Student Loan Trusts Case Alive In Del.
• Chinese Lender, Investors Reach $9M Deal Over IPO Claims
• Fintech Firm Says Ex-Facebook Staffer Took Proprietary Info
• Law School Dean To Lead SEC's Corporation Finance Division
• GreenSky's $27.5M Investor Suit Settlement Gets Initial OK
• Real Estate Rumors: Coinbase, Manuel Mato, Brack Capital
• 'Rotten' HSBC Traders Rigged Market, Forex Firm Argues
• Judges Should Foster Diversity In MDL Leader Appointments
• Ill. Atty Created Sham Creditor To Hide Client Assets, Jury Told
• BofA Stolen Unemployment Benefits Suits Consolidated
• Toomey Says Feds Must Harness, Not Overregulate Crypto
• Calif. Appeals Court OKs $9.2M Atty Award In Real Estate Spat
• SEC Maps Out Gensler's Regulatory Ambitions Over Next Year
• New CFPB Agenda Ices More Trump-Era Regulatory Projects
• SIFMA Offers Measured Approach To SEC Climate Disclosures
• Ex-Fugee, Fugitive Malaysian Hit With New 1MDB Charges
• Fla. Men Defend Claims To Property In Alleged Fraud Scheme
• Creditor Attys Tell 11th Circ. It Erred In 'Mail Vendor' Ruling
• Real Estate Rumors: Page, Wafra, KD Properties
• SEC Bulletin Warns Bitcoin Futures Are 'Highly Speculative'
• Takeaways From 2 New FBAR Rulings
• A Biz Strategy Model To Improve Lateral Atty Hiring Diversity
• El Salvador's Use Of Bitcoin Complicates US Commercial Law
• UK Litigation Roundup: Here's What You Missed In London
• Bank Shakes TCPA Row After Facebook Autodialer Ruling
• Fall Bench Trial Set For Lehman Bros' CDS Insurer Fight
• Senate Banking Chair Knocks PE Firm On Pandemic Evictions
• Trenk DiPasquale Cost Ex-Client Chance At $300K, Court Told
• MoneyGram Fraud Case Dismissed Post-Compliance Revamp
• 2 Israeli Traders Charged In Global Insider Trading Ring
• Calif. Firms Dodge Malpractice Claims At State Appeals Court
• Calif. Panel Reverses Chase's Win In Fraudulent Checks Suit
• CFPB Wants Truce In Student Loan Servicing Oversight Suit
• Biden Could Fuel More ESG, Anti-Bribery Integration: Report
• FINRA Fines Firm $1.4M On Alleged BestEx Failures
• Landry's Tells 5th Circ. $20M Data Hack Was A 'Publication'
• Biden To Nominate HUD Attorney For Agency General Counsel
• Rising Star: Jones Day's Vinay Kurien
• Banks Face Tough Global Capital Rules For Crypto Assets
• Zions Bancorp. Unfairly Charged Overdraft Fees, Suit Says
• MoneyLion Asked To Provide More Info In CFPB, Minn. Probes
• House Republican Probes Ouster Of Trump-Era PCAOB Boss
• Uber, Academics Back SEC's Push For Climate Disclosures
• Goodwin Guides Card Issuer Marqeta To $1.2B Public Debut
• Crypto Exchange Taps Ex-Prosecutor For Top Compliance Job
• In Global First, El Salvador Deems Bitcoin Legal Tender
• Expedited Bankruptcies Are Cause For Concern
• NYC Bar Proposal Could Quell Persistent 'Fear' CCOs Face
• Rising Star: Latham's Nicola Higgs
• Attys For Qudian Investors Net Nearly $3M Fee
• Smaller Firms Need Employee Wellness Programs, Too
• US Financial Crime Compliance Costs Surged In 2020: Survey
• Sens. Want Answers Over Lack Of Hong Kong Bank Sanctions
• Senate Passes Massive Tech, Trade Bill Aimed At China
• Hotel CEOs See Brighter Biz Outlook As Pandemic Recedes
• 9th Circ. Nixes $1.3B Award In AMG Case After Justices' Order
• How The Manhattan DA Hopefuls Stack Up On Financial Crime
• Wells Fargo Inks $500M Deal To End Auto Protection Fee Row
• Sidley Steers Mortgage REIT's Planned $165M IPO
• OCC, NY Each Get Boost In 2nd Circ.'s Fintech Charter Punt
• Ex-Olympic Skater Accused Of $1.6M Virus Relief Fraud
• Post-COVID Sovereign Debt Crisis Is Looming, Experts Warn
• BNY Mellon Can't Dodge Wealth Management Conflicts Suit
• Davis Polk Guides Brazilian Fintech Nubank In $750M Funding
• Rising Star: Bracewell's Jeris Diana Brunette
• T-Mobile Investors Challenge $26B Sprint Merger In Del.
• 3rd Circ. Won't Revisit Wilmington Fraud Conviction Reversal
• Schumer Suggests Voting Rights Attys For 2nd Circ., SDNY
• White & Case Guides Underwriters On $136M Heimstaden Deal
• El Salvador's President Floats Bitcoin As Legal Tender
• Real Estate Rumors: Spear Street, PulteGroup, Related
• Judge Calls For Dismissal Of Class Suit Against Wells Fargo
• High Court Won't Hear Comcast's Voice IP Challenge
• Rising Star: Simpson Thacher's Daniel Kay
• Orrick, White & Case Steer Dave's $4B SPAC Deal
• US Prosecutors Still Can't Seize Alleged 1MDB Funds
• SEC Removes PCAOB's Trump-Era Boss
• Rosenberg & Estis Seals $1.5B NYC Loan Amid Pandemic
• House COVID Panel Probes 'Troubling' $700M Security Loan
• OCC Counsel Alum Joins Murphy & McGonigle
• Accused Predatory Lender Hit With Pa. Class Action
• Stop Networking, Start Relationship Marketing
• UK Litigation Roundup: Here's What You Missed In London
• Rising Star: Kirkland's Bob Allen
• FCPA's High Costs May Cause Tightening In D&O Market
• 11th Circ. Leaves Equifax Data Breach Deal Mostly Intact
• 3rd Circ. Urged To Rethink BofA Robocall Ruling
• Biden's Anti-Corruption Vow Could Supercharge Enforcement
• Biden Unveils Plan To Crack Down On Corruption, Tax Havens
• Biden Picks Davis Polk Partner To Be Treasury Dept. GC
• Sen. Cruz Wins Challenge Of Campaign Finance Restriction
• BofA Borrower's Escrow Suit Can Proceed, Judge Says
• Ex-FinCEN Staffer Gets 6 Months For BuzzFeed Leaks
• Citigroup Says Developer Can't Make It Clean Superfund Site
• 2 Firms Guide Payment Processor For $9.5B Valuation In IPO
• Biden Expands Investment Ban On Chinese Military Cos.
• 3rd Circ. Won't Revive Charity's Suit Over BNY Mellon Fees
• SEC Waives Tipster Filing Deadline To Award $23M In Payouts
• Mortgage Servicers Should Prepare To Be In CFPB Crosshairs
• 7th Circ. Decision Highlights Difficulties Of 'No Harm' Cases
• What Attorneys Should Know About Fee Deferral
• 2nd Circ. Blocks NY's Challenge To OCC Fintech Charter
• Auto Parts Mogul Must Pay Chase Agent $127M
• OCC's Hsu Says Crypto Charters 'On The Table' In Review
• NYC Bar Floats Framework For SEC Penalties Against CCOs
• BofA Must Reopen Calif. Benefit Recipients' Fraud Claims
• Predictions On Pandemic's Lasting Impact On Legal Education
• Chicken Buyers Can't 'Chase Ghosts' In Claims Against Bank
• Bursor & Fisher Eyes Lead In Ripple Investors' XRP Row
• Man Sentenced For Laundering From Del. Law Firm, Others
• Ex-Bank Chief Gets 5½ Years In German Tax Fraud Case
• Senate OKs More Funding For CFTC Whistleblower Program
• W.Va. Gov. Sues Lender To His Business Empire For $421M
• Top Goldman Sachs Sanctions Lawyer Joins Steptoe
• Fintech Execs To Pay $460K Over Securities Fraud Scheme
• 2 Firms Guide $6.5B Midwestern Bank Merger
• Lawyer Perfectionism Is A Disease We Can Control
• Collaborative Contracting Can Help Combat Bias In AI
• Betterment Taps Bank Of America Atty As CCO
• The Top In-House Hires Of May