Banking Archive » September, 2021

Banking - September, 2021

240 articles

• Robinhood's College Tour May Fly In The Face Of Regulators
• Dems Release Bill To Revamp Bank Merger Review Process
• German Bank Successor Liable For $1.2B Cum-Ex Tax Debt
• Fintech, Gaming SPACs Raise $375M In IPOs
• How Investors Can Avoid Falling Prey To Crypto Scams
• Senate Confirms Rohit Chopra As CFPB Director
• Alloy Raises $100M For Digital Identity Tech For Fintechs
• Fed's Powell Says 'No Intention' To Seek US Ban On Crypto
• Barclay Damon Snags Ex-Offit Kurman Cybersecurity Atty
• 2nd Circ. Floats NY High Court Punt In Citi $500M Revlon Fight
• Goldman-Backed Chat Service Symphony Settles With CFTC
• Senior DOJ Official Daniel Kahn To Rejoin Davis Polk
• CFTC Fines SocGen $1.5M Over Swap Dealer Disclosures
• NFLer's Ex-Roommate Convicted In Insider Trading Scheme
• Ex-Melrose CEO Gets Nearly 4 Years In Corrupt Payout Case
• SEC Accuses Former Goldman Analyst Of Insider Trading
• Mesabi Fee Fight Belongs In Bankruptcy Court, 3rd Circ. Told
• How Florida Borrowers Can Reduce Mortgage Taxes
• Silver Mining Co. Hits JPMorgan With Spoofing RICO Suit
• Calif. Tribe Seizes Ex-Leader's Assets in $2.7M Fraud Case
• PNC Bank Says Excess Insurers Must Pay $106M Jury Verdict
• What 9th Circ. Privilege Test Means For Dual-Purpose Advice
• Full 9th Circ. Hands Wells Fargo Win In Oakland Loan Suit
• CFTC Fines Citi, 2 Others Over Swap Reporting Failures
• The DOJ Should Ramp Up FCA Focus In PPP Enforcement
• Bank, Fla. Law Firms Beat Loan Foreclosure RICO Suit
• Lifting The Veil On The Supreme Court's Shadow Docket
• Visa, Mastercard Swipe Fee MDL Gets Class Certification
• Banc Of California Derivative Shareholder Deal Gets First OK
• Kirkland Snags Ex-Sidley Securities Practice Co-Chair
• CFTC's Berkovitz To Reunite With Gensler As Top SEC Lawyer
• Ex-Treasury Dept. GC Tapped As Citi's Top Atty
• FTC Chair's Plan: What We Know, And What We Don't Know
• Warren Won't Back 'Dangerous' Powell For 2nd Term At Fed
• Biden OCC Pick Could Boost Enforcement, Fintech Scrutiny
• Wells Fargo Dodges Claim Of Fraudulently 'Corrected' Loans
• US Hits Wells Fargo With $37M Fine For Client Overcharges
• Ex-CEO Of NJ Bank Enters Guilty Plea In Fraud Scheme
• TD Bank Must Face Claims It Opened Accounts, Seized Funds
• MoFo Nabs Another Fintech Partner From Reed Smith
• McGuireWoods Faces DQ Bid In BofA Foreclosure Bias Fight
• Embracing ESG: United Natural Foods GC Talks Bottom Line
• Big Firms' Compliance Costs Nearly Doubled Since COVID
• Cannabis Bill Roundup: House OKs SAFE Act In Defense Bill
• China Bans All Crypto Transactions In Broad Clampdown
• CFPB Nabs $20M Penalty Against Mortgage Lender Exec
• Crypto Exchange Blacklisting To Test US Sanctions' Teeth
• SEC Says $100M Auto-Loan Securitization Was Fraudulent
• Robinhood Taps Crypto CCO, And Other Top People Moves
• 3 Attorney Ethics Considerations For Litigation Funding
• Key Trends In Recent Cyber-Related Securities Class Actions
• NY Debt Collection Ruling's Narrow Application For Lenders
• Huawei CFO Admits Duping HSBC On Iran Dealings
• UK Litigation Roundup: Here's What You Missed In London
• Trump Org Ordered To Comply With NY AG's Subpoenas
• BofA Defeats Maryland Escrow Interest Suit
• Schwab Clients Urge Cert. Over Trades Routed Through UBS
• SEC Letter Raises Climate Reporting Bar Before Rules Drop
• CashCall Still Owes $200M After Landmark Liu, 9th Circ. Told
• Money Transfer Firm Remitly Leads Trio Of Fintech IPOs
• Attys Want $23M In Fees For Wells Fargo Auto Loan Fees Suit
• JPMorgan To Pay Treasury Futures Investors $16M For Spoofs
• Objector Rips Wells Fargo Consultants' $95.7M Wage Deal
• 4 Steps For Improving Board Diversity Per New Nasdaq Rule
• NY Debt Enforcement Alternatives For Cannabis Lenders
• Biden Picks Ex-Davis Polk Atty, Law Prof For OCC Chief
• Ex-MoFo Investment Management Chair Joins Stradley Ronon
• Slaughter And May Picks Woman To Be 1st Managing Partner
• EU Warns 4 Member Countries Over Tax Infractions
• 3 Firms Build $1.15B Valley National-Leumi Banking Merger
• Fed 'Closely Monitoring' Wells Fargo's Cleanup, Powell Says
• NY Law Firm Slams Intuit Over QuickBooks Transaction Fees
• Senators Probe SPAC Creators Over Possible Market Abuses
• New York's Amalgamated Bank To Buy Chicago's For $98M
• NY Eatery Exec Was Fired For Alleging PPP Fraud, Suit Says
• Citi Wants Grand Jury Docs In Ex-Trader's Forex Probe Suit
• Cooley-Guided Freshworks' $1B IPO Leads 4 New Offerings
• Treasury GC Nominee Takes Heat From Warren Over Recusals
• How ABA Opinion Shifts Alternative Biz Structure Landscape
• Senate Panel Grills Biden's Pick For HHS Watchdog
• How Crypto Cos. Can Help Curb Pandemic Relief Fraud
• Treasury Sanctions Crypto Firm Over Ransomware Ties
• SEC Dumps FINRA Fine Against Brokerage In 'Rare' Rebuke
• OCC's Chief Warns Of 'Fool's Gold Rush' In Crypto
• Deutsche Bank Can't Nix Class Action Over Traders' Spoofing
• NY Banking Agency Pitches Small Biz Loan Disclosure Rule
• CFPB Sues Software Biz For Helping Illegal Credit Repair Cos.
• FINRA Seeks To Demystify The Social Media 'Influencer'
• Crypto Platforms To See More SEC Crackdowns, Gensler Says
• Congress Urged To Strengthen Protections For Financial Data
• Akin Gump Lands Senior SDNY Fraud, Cybercrime Prosecutor
• Ex-Locke Lord Atty, Others Escape Investors' OneCoin Suit
• Senate Dems Push Chopra's CFPB Nom Toward Finish Line
• Why Coinbase Was Destined To Lose Its Battle With The SEC
• Simpson, Sullivan & Cromwell Rep Bank's $8B MUFG Buy
• Girardi's Ex-Partners Suffer Setback In Suing Nano Banc
• SEC Chair Frets About 'Clothesless' Libor Alternative
• OCC Cites MUFG Bank Unit For Tech, Operational Risk Issues
• Minority BitMEX Owner Wants Out Of CFTC Suit
• Officials Should Be Canned Over Pandemic Trades, Fed Told
• Coinbase Backs Off Lending Program After SEC Pressure
• Embracing ESG: HPE Counsel Talk Effective Board Oversight
• JPMorgan's Sanctions Bid 'Abuse' Of Legal Process, Atty Says
• Payroll Financing Firm Flexible Funding Hits Ch. 11 In Texas
• Pandemic IG Eyes Borrowers, Lenders On Fraud Deep-Dive
• Supreme Court May Weigh In On Discovery Question After All
• Ala. Judge Sends Loan Suit Against Tribal Co. To Arbitration
• IPO Lockup Periods Begin To Loosen Amid Market Pressure
• Treasury Hits Alleged Terrorist Operatives With Sanctions
• 3rd Circ. Preview: Antitrust, Defamation Suits Kick Off Fall
• RBC Unit To Pay SEC $863K Over Muni Bond 'Flippers' Claims
• Justice Gap Demands Look At New Legal Service Models
• UK Litigation Roundup: Here's What You Missed In London
• Strip Clubs' Bid For 2nd PPP Loans Hits Setback At 7th Circ.
• Split 9th Circ. Axes Ruling, Forces Certified Class To Arbitrate
• Investor Class Certified In TD Ameritrade Contract Action
• Ex-Speaker Hastert Settles Suit Over Child Abuse Payouts
• SEC Settles With Calif. School District Over $28M Bond Sale
• Ashfords Guides UK Payment Tech Biz In $160M Funding
• Fed To Review Trading Rules For Officials After Backlash
• PE-Backed Identity Software Co. Leads 2 IPOs Totaling $528M
• Despite Risks, Venezuela May Rekindle Investor Interest
• OFAC Settlement Extends Sanctions' Reach Beyond US Dollar
• Treasury Sanctions 'La Patrona' Over Colombian Drug Ring
• Reed Smith Nabs Ex-FDIC, Jones Day Atty As Banking Partner
• MVP: Quinn Emanuel's Robert Loigman
• 3 Firms Shape First Interstate's $2B Great Western Bank Buy
• Reality TV Star Gets 17 Years For Ponzi Scheme, PPP Fraud
• House Dems Seek To Make Fed Curb Fossil Fuel Funding
• Kirby McInerney, Gilbert Interim Leads In CDS Market Rig Suit
• MVP: Simpson Thacher's Patrick J. Ryan
• Mass. Offshore Wind Farm Secures $2.3B In Funding
• Pot Co. Sues Law Firm Over Alleged Fraudulent Loan Scheme
• Big Banks Say VRDO Antitrust Case's New Claims Don't Fly
• Man Can't Sue IRS Over Crypto Exchange Docs, 1st Circ. Told
• Former Mass. Ethics Chair Gets 15 Mos. For Fraud Spree
• SEC Whistleblower Bounty Program Hits $1B Milestone
• Warren Says Fed Must Break Up 'Irredeemable' Wells Fargo
• GOP Sens. Chide SEC's Gensler On Disclosure Rules, Crypto
• Ariz. Judge Calls Early Mistrial In Backpage Criminal Case
• Mortgage Maker LoanDepot Sued Over Post-IPO Stock Fall
• Judge Revives FTC's $5M Restitution Win Against Credit Co.
• Fake Film Financier Gets 13 Yrs. For $60M Fraud Scheme
• MVP: Sullivan & Cromwell's Mitchell Eitel
• These Firms Have The Most Women In Equity Partnerships
• Board Diversity Considerations In Light Of New Nasdaq Rules
• Ex-Wells Fargo Execs, OCC Face Off In Sales Practices Case
• 2nd Circ. Affirms Wells Fargo's Win In $163M CDO Fraud Suit
• Biden Taps 2 For CFTC, Boosts Behnam To Permanent Chair
• Wells Fargo, Target Settle VoIP Patent Cases Ahead Of Trial
• FINRA Fines Ex-Merrill Lynch Rep Over Alleged Spoofing
• Embracing ESG: Leidos GC Talks Social Responsibility
• Charles Schwab Hit With Class Action Over Robo-Advisers
• Ga. Telecom Can't Get Out Of Investment Banker's $2M Suit
• MVP: Paul Weiss' Brad S. Karp
• Law360's Glass Ceiling Report: What You Need To Know
• Coinbase Seeks $1.5B From Investors For Possible M&A
• Trade Groups Want Payday Rule Pause Extended For Appeal
• Judge Rejects Ex-Goldman Exec's Bid To Avoid 1MDB Trial
• Most Insurer Payout Defenses Tossed In $120M Coverage Suit
• Bank Execs' Son Admits Lying To Cover Bank Fraud Scheme
• NJ Plaza Owner Filed Ch. 11 To Dodge $9M Debt, Lender Says
• Didi Hit With Another Investor Suit Over $4.3B IPO
• FINRA Names New Head Of Supervision, Havlik To Depart
• Fraud Enforcement Risk Mitigation Steps For PPP Lenders
• State Regulatory Org Unveils Model Money Transmission Law
• Learning From The Latest SEC Cybersecurity Enforcement
• Bank Of America Promotes Compliance Chief To Global GC
• Pa. Attorney Says PNC Misled Him On PPP Loan Forgiveness
• MVP: Shearman's Adam Hakki
• UK Litigation Roundup: Here's What You Missed In London
• Former Mass. Pol's 'Shady' Dealings Merit 18 Mos., Feds Say
• Robinhood Can't Get Out Of Revamped Data Breach Suit
• SIFMA Wants More Time To Give SEC 'Gamification' Input
• Credit Union Regulator Urges Action On Pot Banking Reform
• NY AG Goes After No-Poach Pacts In Title Insurance Industry
• CFPB Says LendUp Misled Customers Despite Consent Order
• OCC Slaps Wells Fargo With $250M Fine Over Home Loans
• CFTC's Quintenz Joins Andreessen Horowitz As Adviser
• Hedge Fund Manager Cops To $100M Securities Fraud
• SEC Fines NJ Adviser $400K Over High Mutual Fund Fees
• Wachtell Guides Digital Bank Varo's $510M Funding Round
• Libor Replacement Must Factor In Fed's Influence Over SOFR
• Crowell Adds Former Senior DOJ Official To Doha Office
• CFTC's Berkovitz Says He's Stepping Down Next Month
• Lessons In Crisis Lawyering 20 Years After 9/11
• OCC Seeks Formal Repeal Of Trump Community Lending Rule
• Macquarie Gets Investors' Stock-Drop Suit Tossed
• Robinhood CCO On Quest To Build Top-Tier Compliance Unit
• Pillsbury Adds 'Dynamic' Latham Energy Partner In New York
• Biz Groups Ask Harris To Push Mexico To Enforce Trade Deal
• PNC Bank Can't Duck Out Of Check Deposit IP Row
• Comparing 'Ultimate Beneficial Owner' Rules In EU And US
• Sonic Won't Escape Trial In Data Breach Class Action
• FINRA Fines Santander Over Report Disclosure Issues
• Embattled Credit Suisse Names New Compliance Chief
• Receiver In $7B Stanford Ponzi Row Seeks $2.2M In Fees
• Banking Too Complex For OECD Tax Plan, Saint-Amans Says
• CFPB Says Nonprofit's Income-Share Agreements Are Loans
• SEC Marketing Rule Keeping Compliance Pros Up At Night
• Flagstar, Customers Reach $5.9M Deal Over Vendor Breach
• State Street Bets $3.5B On Investor Services Biz
• Ponzi Investors Win Approval Of $54M Deal With Comerica
• El Salvador Loads Up On Bitcoin As Novel Law Takes Effect
• JPMorgan Asks Court To Sanction Atty For 'Frivolous' Filing
• Trafficking Tales Tainted Backpage Criminal Trial, Execs Say
• 4 Points To Watch In CFPB's Small Biz Lending Data Proposal
• Kraft Bundled Bad News To Blur Probe's Impacts: SEC Official
• Fintech, Energy-Centric SPACs Together Raise $400M In IPOs
• NJ Law Firm Fights Citibank's Bid To Duck Wire Fraud Suit
• In War On Arbitration, Consumers And Companies Both Lose
• Bond Investors Denied 2nd Circ. Redo In Market-Rigging Suit
• CMBS Issuance On The Rise, But Questions Remain
• Mortgage Co. Settles Needless Inspection Suit for $2.7M
• Ex-Trump Official Says Missing Party Sinks $9M Pa. Fraud Suit
• Former Senior OCC, Federal Reserve Official Joins Skadden
• Policyholder Best Practices As Cyberattacks Escalate
• Kraft Heinz To Pay $62M To End SEC Accounting Fraud Probe
• Justices Shelve Securities Discovery Case As Sides Near Deal
• BancorpSouth, Cadence To Sell Branches As Part Of Merger
• Singapore Unveils Regulatory Regime To Allow SPAC Listings
• Royal Bank Of Canada Wants Out Of Ex-VP's Tax Tipster Suit
• Capital One CEO Fined $638K For Antitrust Stock Buy Breach
• Mass. Duo Cops To $1M Money Laundering Scheme
• Ponzi Schemes: A Growing Hazard In Film Financing
• 3rd Circ. Says Time Limit Doesn't Stop Securities Class Action
• Why Structured Data Is Increasingly Important To Your Case
• California Unveils Debt Collector Licensing Application
• Oppenheimer Hit With Class Claims Over Ponzi Scheme
• CFPB Delivers Long-Awaited Small Biz Lending Data Proposal
• Mass. AG Secures $27M Deal With Subprime Auto Lender
• Ex-CFTC 'Crypto Dad' Leaves BlockFi Board After 4 Months
• Cos. 'Begging' For ESG Guidance From SEC, Report Says
• Laos Says Businessman Can't Duck $3.7M Award Over Casino
• Embracing ESG: AIG Counsel Talks SEC Risk Alert
• 2 Firms Rep Fintech-Focused Blank-Check Co.'s $250M IPO
• What To Know About Ill. Student 'Know Before You Owe' Law
• Robinhood Says Potential $3.4B Offering Is Under SEC Review
• Ex-Securities Atty Must Pay Nearly $29.8M For Ponzi Scam
• CFPB Beats Suit Challenging Payday Lending Regs