Banking Archive » August, 2021

Banking - August, 2021

230 articles

• 2nd Circ. Revives Madoff Trustee's Citi Clawback Action
• Bank Owner Looks To Bolster Claim Against Malta
• SEC Cyber Actions A 'Wake-Up Call' For Brokers, Advisers
• Rakoff Calls $17M Forfeiture In Pot Fraud Case 'Excessive'
• How SEC's Policy Pivot Supports Whistleblowers
• OppFi Says It No Longer Faces CFPB Military Lending Probe
• Hochul Names Ex-Obama Adviser To Be Top NY Financial Cop
• Resolving Class Actions Early With Bifurcated Discovery
• Ga. Bank Settles Gov't 'Redlining' Claims For $8M
• Law360 MVP Awards Go To 182 Attys From 77 Firms
• Chinese Banks Beat $150M Sanctions Bid Over Fake Nikes
• What The Judiciary's Font Recommendations Can Teach Us
• EB-5 Sector In Flux Amid Calif. Lawsuit, Stalled Congress
• How Firms Can Help Law Schools Leap Into The Future
• Vaccines, Tuition, Race: The Litigation On Law Schools' Radar
• 4 Ideas For Updating Law Schools Post-Pandemic
• Fla. Atty Gets 5 Years For Raising Millions For Ponzi Scheme
• SEC Grants Whistleblower Award To Compliance Pros
• Chinese Cos.' US IPOs Plunge Amid Regulatory Crackdowns
• Switzerland To Extradite Lawyer Accused In Cum-Ex Scandal
• Regulators Urge Diligence In Bank-Fintech Partnerships
• Forex-Rigging Case Tainted By Judge Error, 2nd Circ. Told
• Bernstein Litowitz May Seek $4.6M For Bank Merger Suit Deal
• Fla. Men Fight For Assets In Ukraine Money Laundering Case
• Mortgage Cos. Want Borrowers' Lead Atty DQ'd In Loan Row
• SEC Seeks Public Input On 'Gamification' Of Online Trading
• Cuba's Central Bank To Craft Regulations For Virtual Assets
• Santander US Names New Chief Risk Officer
• How 6th Circ. May Resolve District Court TCPA Exception Split
• Former Regions Executive Returns To Maynard In Birmingham
• BofA Wants Revived PPP Discrimination Suit Tossed Again
• OFAC, Bank Of China Strike $2.3M Deal Over Sudan Sanctions
• Crypto Status Remains Unclear Despite SEC Assurance
• Green Dot Hires Ex-Barclays, PayPal Compliance Vet As CCO
• Sen. Toomey Calls For Public Input On Crypto Legislation
• 5th Circ. Told Bank's Blunder Cost Royalty Owners $27M
• High Court TransUnion Ruling May Enhance PTAB Autonomy
• Collection Firm Must Face Class Claims Over Misstated Debt
• 8th Circ. Says No Defense Owed To Firm In Collection Suit
• 2nd Circ. Hands Goldman Cert. Fight Back To NY Judge
• SEC Taps Longtime Investor Advocate As Adviser To Gensler
• Steps For Complying With FinCEN's New AML Priorities
• Real Estate Investor Asks 9th Circ. To Revive $92M RICO Suit
• 2nd Circ. Rejects Danske Investor Suit Over Estonia Scandal
• Alpha Latam Files Ch. 11 Sale Plan With October Auction
• Frost Brown Atty Joins $4B Investment Firm Winthrop As CCO
• US Targets Paraguay Corruption Network With New Sanctions
• Cardtronics Says It Doesn't Belong In ATM Fee Suit With BofA
• Chancery Stays PrivatBank Suit Pending Ukraine Action
• Biz Groups Back State Suit Discovery Stays, High Court Told
• Avenatti Gains Edge As Feds Show Hand In Mistrial
• Landry's Asks To Pause $20M Data Breach Judgment
• Natural Capital: A Paradigm Shift In Valuing The Environment
• SEC Cyber Disclosure Actions Point To Merciless Scrutiny
• BofA, Others Tell Court To Toss NJ Bond Marketing Claims
• Ex-Greensill Risk Chief Lands At New Firm, Recounts Collapse
• Key Lessons From Cayman Bank Liquidator Challenge
• Climate Protesters Block Street Over HMRC's Ties To Barclays
• Bofl Investors Win Cert. In Suit Following 47% Stock Drop
• 3 Firms Craft Santander Holdings' $2.5B Subsidiary Buyout
• How The 'Rocket Docket' Continues To Roar Through COVID
• Ex-FinCEN Heads Ask Justices To Restrain SEC's AML Powers
• Airline Can't Duplicate Suit Claiming Feds Withheld Refund
• Investors Claim Wells Fargo Abetted Ponzi Scheme
• Green Dot Investors Want Do-Over For Lead Plaintiff Pick
• Evaluating Challenges To SEC's ESG Disclosure Proposal
• Ex-CEO's Trial Lawyer Calls Distraction Allegation False
• Magistrate Suggests Denying Banks' Bid To Toss VoIP IP Suit
• Tradeweb Taps Ex-Bloomberg Pro As Global Compliance Chief
• Jackson Taps Ex-Fidelity, Lincoln Financial Atty As GC
• PayPal Hit With Investor Suit Amid Investigation, Stock Drop
• SBA Must Give Strip Clubs Second Round Of PPP Loans
• Compliance And Risk Hires: From MUFG To Blue Cross
• PNC Bank Won't Forgive All Of Eligible PPP Loan, Suit Says
• How A New Law Changes Commercial Receiverships In Conn.
• 2nd Circ. Partially Upholds Tribune Advisers' MDL Dismissal
• Jeffer Mangels' Hospitality Chair Sees A Tale Of Two Cities
• UK Litigation Roundup: Here's What You Missed In London
• Bank's Execs Admit Lying About Money In Asset-Shift Scheme
• US Says $380M Award In 1MDB Fraud Case Is Fair Game
• SoFi Wealth Pays $300K To Settle SEC's Conflict Claims
• Mayer Brown Adds Finance Partner From Katten In Chicago
• Why A Missed Email Could Cost You Your Case
• CFTC's Quintenz Says He's Leaving In 2 Weeks
• 3 Firms Rep €1.7B Goldman Sachs Deal For Asset Manager
• Antitrust Class Actions Gather Speed With Mastercard Ruling
• SEC-Approved Nasdaq Diversity Rule Challenged In 5th Circ.
• RICO, Conspiracy Charges Stick In Feds' JPMorgan Spoof Suit
• Bitcoin 'Mixing' Service Operator Cops To Money Laundering
• Netherlands Joins Global Crackdown On Binance
• Pot Co. Exec Admits Duping JPMorgan To Open Bank Account
• TD Bank Must Face Claims Of False Card Upgrade Promises
• Manatt Snags Ex-CFPB Associate Director For Chicago Office
• Judge OKs $12M Deal Over Wells Fargo Mortgage Errors
• 2nd Circ. Ruling May Help Foreign Nationals Fight Extradition
• UK Top Court Declines To Hear Irish Banks' Deduction Appeal
• CFPB Asks DC Circ. To Undo PayPal's Fee Disclosures Win
• Fintech Cos. Behind Many Dubious PPP Loans, Study Says
• Justices To Hear 'Pivotal' Case On Discovery Stays This Fall
• Conyers Names New Hong Kong Disputes, Restructuring Head
• Del. Justices Say Gellert Scali Must Face Malpractice Claim
• FINRA Aims To Keep Pace With Cloud's Explosive Growth
• Privilege Takeaways From 3 Cybersecurity Report Rulings
• 5th Circ. Says CEO Must Pay Wells Fargo, Trustmark $58.7M
• These Law Firms Have The Most Diverse Equity Partnerships
• German Regulator Eyes Bank Reserves After Tax Fraud Ruling
• OCC's Hsu Urges Banks To Heed 'Better Angels' On Crypto
• $28M Deal Over Secret Wells Fargo Recordings Gets Initial OK
• Breon Peace Brings Defense Prowess To Top Role At EDNY
• FINRA Warns Firms Of Third-Party Compliance Risks
• CFPB Says Fifth Third Delayed Rogue Account Opening Fixes
• NY 'Intentional Violation' Ruling May Delay Foreclosure Cases
• Tribal Loan Cos. Immune To Bankruptcy Suit, 1st Circ. Told
• SEC, European Central Bank Boost Security Swaps Oversight
• Forster Garbus Beats Suit Over Debt Collection Letter
• Law360's Diversity Snapshot: What You Need To Know
• Fieldfisher Nabs BNYM Lawyer To Boost AML
• AXA To Sell Singapore Insurance Arm To HSBC For $575M
• Wells Fargo Trims $7M Trial Loss To $2M On Appeal
• Robbins Geller To Lead Credit Suisse Investor Class Action
• Biden's US Atty Picks Bring Sorely Needed Diversity
• Hunter Taubman Steers Tech-Focused SPAC's $100M Filing
• Paskenta Band Asks To Lower Embezzlement Suit Atty Fees
• Nasdaq Diversity Rule To Bring Change, Or Shame, To Cos.
• 5 Reasons Lawyers Often Fail To Secure Litigation Funding
• Cuomo Ally To Depart As Top NY Financial Regulator
• UK Litigation Roundup: Here's What You Missed In London
• DOJ, FTC Push Fed's Proposal For Virtual Wallets
• Despite Giuliani's Assertion, Lawyers Cannot 'Throw A Fake'
• Jones Walker Steers PE-Backed Alabama Bank's $38M IPO
• Sen. Republicans Move To Put Eviction Ban On Rule Ash Heap
• Embracing A Consumer-Centric Paradigm Shift In Data Privacy
• Cos. Must Consider Legal Risks Of Buy-Now, Pay-Later Tech
• Deals Rumor Mill: Nubank, Hella, TMZ
• Blockchain-Focused SPAC Among 3 IPOs Totaling $400M
• It's Time To Upgrade Our Attorney Licensure Rules
• Prepare For More Audits Of Tax Info And Withholding Filings
• NJ Bank Hit With $1.4M Suit Over Fraudulent Wire Transfers
• Texas Bank Hires Ex-Baker Hughes Atty As GC
• Ex-Dewey, Cum-Ex Scandal Lawyer To Stay In Swiss Custody
• The Law Firms At The Center Of Consumer Protection Suits
• Morgan Stanley Wants Data Security Suit Tossed
• Biden Bets On An Insider To Steady A Roiled SDNY
• Nuveen Can't Dodge Suit Over Alleged Preston Hollow Boycott
• Goldman Sachs, Investors Spar Over Cert. Again At 2nd Circ.
• Credit Repair Co. Can't Ditch CFPB Telemarketing Suit
• Hochul Vows 'Turnover' In First Remarks After Cuomo Resigns
• Entrepreneur From Taiwan Gets 6 Years For $3M Fraud Spree
• Data-Based Predictions On Case Timelines After Pandemic
• BitMEX Resolves CFTC, FinCEN Probes With $100M Deal
• Chase Can Arbitrate 2 More Small-Biz Customer PPP Suits
• Biden Names US Atty Picks For SDNY, EDNY, 6 Other Offices
• BofA Gets Pushback In Bid To End Md. Escrow Interest Suit
• PE Firm Says TD Bank 'Utterly Unprepared' For Cyber Scams
• Chancery Lets Dell Stockholders Add Goldman Sachs To Suit
• Embracing ESG
• 5 Potential Speed Bumps For Clean Energy Investment
• Ill. Judge Approves Wage Deal After Initial Conflict
• The IPO Market Is Finally Taking A Breather
• Class Wants Goldman Named In $24B Dell Stock Swap Suit
• Real Estate Rumors: Gutierrez, RREEF, Medical Properties
• Robbins Geller Scores Lead Role In Green Dot Investor Suit
• Ponzi Investors Ink $54M Deal In Suit Against Comerica
• Circle Floats Bank Charter To Bolster Key Fintech Services
• Retention Is Key To Meaningful Diversity At Law Firms
• 4 Considerations In Light Of Cyber Incident Notification Bill
• Irish Data Authority Looks Into FATCA, EU Data Compliance
• Rent-A-Center Says Mass. AG Has Floated Deal To End Probe
• Fintech Giant Plaid Agrees To Pay $58M To End Privacy Suit
• Advocates Decry Oportun's Bid For Federal Bank Charter
• Wells Fargo Hit With Racketeering Suit Over Inspection Fees
• Federal Cannabis Reform: Inevitable But Inevitably Piecemeal
• Payday Lender Groups Argue Against Lifting CFPB Rule Stay
• SEC Approves Nasdaq Board Diversity Proposal
• Sainsbury's Settles Swipe Fee Case Against Mastercard
• Binance.US CEO Quits As Co. Cuts Derivatives Products In HK
• UK Litigation Roundup: Here's What You Missed In London
• Human Rights-Focused Lending Models Can Curb Trafficking
• Deutsche, Danske Accused Of Financing Terrorism Overseas
• CFPB's Uejio Draws Republican Heat As HUD Nominee
• BoA Faces Revived PPP Loan Bias Claims From Minority Cos.
• 2nd Circ. Says Ex-SocGen Exec Is No Fugitive, Can Fight Case
• 2nd Circ. Told To Toss Law Firm's RICO Appeal
• SEC Whistleblower Actions Create Agency Rift, Halt Lawsuit
• Investors Say They Have 'Smoking Gun' In Auction-Fixing Suit
• Fed's Waller 'Highly Skeptical' Of Need For Digital Dollar
• Gensler Is Ready To Make SEC The Crypto Cop. But How?
• US Says $1.2B Looted In 1MDB Scandal Has Been Returned
• Deals Rumor Mill: Pershing Square, UnitedHealth, Westpac
• Firms' Human Capital Disclosures Vary Amid Vague SEC Rules
• Weber Leads Trio Of IPOs With Downsized $250M Offering
• Visa, Mastercard ATM Fee Antitrust Classes Get Certs
• Sale-Bound Alpha Latam Gets OK In Del. For $45M Ch. 11 DIP
• Former NFL Investor Headed For 2022 Crypto Fraud Trial
• Banks Fight Class Cert. Bid In Stock Loan Antitrust Suit
• PetroSaudi Unit Says US Still Can't Seize $380M Award
• 3rd Circ. Won't Take On TransUnion Challenge To Debt Suit
• Cannabis Software Co.'s New GC To Focus On Product Rollout
• Coinbase Users Slam Monthslong Crypto Account Freezes
• Ex-Payroll Co. CEO Gets 12 Years For $100M Bank Fraud
• Prospects Look Strong For UK Class Actions
• Compliance Pros Say Pandemic Had Little Effect On Culture
• Avoiding Unauthorized Practice Of Law In Remote Work
• Foster Garvey Adds Ex-Dunn Carney Securities Co-Head
• Ex-Merrill Lynch Traders Convicted Of Manipulating Market
• Alpha Latam's DIP Loan Near Collapse At 11th Hour
• OCC's Hsu Hints At What's Next After True Lender Rule Repeal
• Bond Investors Seek 2nd Circ. Redo In Market-Rigging Suit
• Gensler Calls For Amped-Up Regulation Of Crypto 'Wild West'
• Credit Unions Say Sonic's Lax Security Behind Data Breach
• Senate Bill Would Expand Student Loan Bankruptcy Discharge
• Real Estate Rumors: TPA, Wells Fargo, Joseph Stern
• Wilmington Trust Strikes $5.5M Deal In Auto Co. ESOP Suit
• US Treasury's Financial Crimes Unit Names New Acting Head
• Bermuda Bank To Pay $5.6M For Hiding Accounts From IRS
• UBS Fined $1.5M In Hong Kong For Compliance Failings
• Traders Urge Ill. Jury To Reject Feds' Market Spoofing Claims
• SEC To Review Controversial Whistleblower Rule Changes
• Latham Nabs Ex-Skadden Partner As IP Litigation Vice Chair
• Ex-Citibank Exec Can't Target Argentine Unit Over $9.5M Case
• Pandemic IG Cites Massive Fraud In Bid For More Funds
• Pot Banker Wants Multiple Claims Cut From Ex-Client's Suit
• NY Regulator Hires Norton Rose Atty As Banking Deputy
• Attys Nab $5M After Trader's Spoofing Suit Settlement
• SEC Accuses Ga. Firm Of Fleecing 3 Investors Out Of Millions
• Ex-Mortgage CEO Says Trial Atty Distracted By Custody Fight
• Dollar Bank Overzealous With Overdraft Fees, Suit Says
• 5th Circ. Tosses $15M Award In Real Estate Investment Case
• NJ Agency Hit With Whistleblower Suit From Ex-Audit Chief
• Consumer Lender Says Accounting Errors Triggered Ch. 11