Banking Archive » October, 2021

Banking - October, 2021

247 articles

• Goldman Unit Can't Dodge Investor's Ruby Tuesday Suit
• DOJ Reloads Key Weapon In Fight Against Corporate Crime
• Online Lender Faces Loan Processing Scrutiny From CFPB
• CFPB Names 2 For Top Supervision, Enforcement Posts
• Russian Banker Gets Supervised Release After Tax Fraud Plea
• Wawa, Consumers Agree To $3.2M In Class Atty Fees
• SEC Fines Treasuries Clearing Agency $8M Over Risk Controls
• UK Litigation Roundup: Here's What You Missed In London
• Switzerland Still Faces Money Laundering Risks, Ministry Says
• 11th Circ. Splits But Holds In Revised FDCPA Opinion
• NDTX's Ex-Acting US Atty Rejoins Gibson Dunn In Houston
• PayPal Calls CFPB's Fee Disclosure Rule 'Problematic'
• Tenn. Farmer Doubles Down in 'Reverse Discrimination' Fight
• SEC Says NJ Broker Stole $2.8M With Fraudulent Transfers
• Black Pot Biz Owners Blast Booker For Banking Bill Delays
• Constantine Nabs Commercial Litigator From McGuireWoods
• CFPB Chief Fears Growth Of Big Tech 'Surveillance State'
• Expect More Regulatory Action From Chopra's CFPB
• Mutual Of Omaha Agent Settles In Timber Co. Ponzi Scheme
• FTC Updates Financial Data Security Rule Over GOP Rebuke
• Ex-Rabobank Compliance Pro Pans 'Exorbitant' OCC Fine Bid
• CFPB Chief 'Worried' About Big Tech Takeover In Payments
• State Street Compliance Pro To Join Former Wells Fargo Unit
• Schwab Clients Denied Class Cert. In Trade Orders Suit
• Madoff Trustee's Claims For $49M Clawback Survive Dismissal
• CFTC Chair Nominee Vows Leadership On Crypto, Climate
• Top Enforcement Officials Eye Individual Prosecutions, Crypto
• $35M Whistleblower Payment Is Taxable, Pa. Justices Told
• Brazil's Nubank Confidentially Files For IPO
• Fed Officials Face Fines For Trading Violations Under New Bill
• 3rd Circ. Seems Open To Reviving Prudential Fraud Claims
• Lawyers Can And Should Commit To Climate Action
• Texas Justices Doubt Strict Bank Service Scheme
• 9th Circ. Revives Noncitizen Bias Suit Against Spanish Bank
• Former Top CFPB Enforcement Official Heads To WilmerHale
• Global Body Backs New UK Rules For Libor Transition
• Wind Farm Says JPMorgan Can't Rush Force Majeure Fight
• Texas Justices Mull Liability For $400K Check-Fraud Scam
• Investor Says Litigation Funding Co. Squandered $10M
• Ex-DOJ Atty, Faegre Drinker Partner Joins Miller & Chevalier
• House Panel Mulls More Scrutiny For US-Listed Chinese Cos.
• CBD Retailer Says PayPal Wrongfully Locked Its Accounts
• 'No Excuses' For Dragging Feet On Libor, OCC's Hsu Warns
• Stanford Investors Fight $45M Interest On Receiver Clawback
• What Enron Scandal Means To Investors 20 Years Later
• Why State Law Noncompliance Is Federally Risky For Pot Biz
• Latham, Sidley Steer Claros Mortgage's Planned $134M IPO
• NY Man Cops To $2.2M PPP Fraud, Personal Spending Spree
• BCLP Snags 4-Lawyer White & Case Litigation Team In Paris
• 1st Circ. Says Appeal Of $3M Tax Fine Faces Obstacles
• Big Banks Beat Investors' Odd-Lot Bonds Antitrust Suit
• 20 Years After The Patriot Act, FinCEN Still Has Room To Grow
• Monaco Bank Urges 9th Circ. To Toss $92M RICO Suit
• Paul Hastings Snags Venable's Financial Services Chair
• Ex-Trump Ally Felix Sater Can't Pause Money Laundering Suit
• Federal Judges Face Stricter Trade Disclosures Under New Bill
• State Street Corp. Names New Chief Risk Officer
• Feds Say $509M Enough From Banker Facing Tax Sentencing
• Confronting Origination Credit: Why GCs Need To Speak Up
• Attys For GreenSky Investors In IPO Suit Get $6.2M In Fees
• Mirae Lands $450M CMBS Loan From Deutsche, Goldman
• U.S. Treasury Council Backs SEC's Climate Disclosure Plans
• Halkbank Not Immune From Sanctions Charge, 2nd Circ. Says
• GOP Reps. Cry Foul On Postal Service's Paycheck Pilot
• Clean Energy Borrowers Ask Full 9th Circ. To Review Cert. Bid
• Real Estate Rumors: Trinsic Residential, BTG, Charlie Ladd
• NJ Lenders Owe 'Covenant' In Use Of Insurance Funds
• Ex-Con Admits To Defrauding Gov't Of $190K In Pandemic Aid
• Feds Pledge 'Most Aggressive' Effort Yet To Tackle Redlining
• State Crypto Lending Concerns Point To SEC Action Ahead
• Bank Of Ireland Absorbs Most Of KBC's Irish Biz In $5.8B Deal
• UK Litigation Roundup: Here's What You Missed In London
• Bank Regulators Eye Updated Guidance To Fight Bias In AI
• 9th Circ. Trims Money Laundering Ex-Banker's Conviction
• Judge Lifts Ban On Ex-Bank Worker In Trade Secret Dispute
• Fed Tightens Stock Trading Rules For Officials After Backlash
• CFPB Targets Amazon, Facebook, Others In Payments Probe
• CFTC Makes History With $200M Whistleblower Award
• Mayer Brown Picks Up 3 Finance Pros From Barclays, Rivals
• Sullivan & Cromwell, Skadden Forge Ally's $750M Fintech Buy
• SEC's Lee Pushes For 'Global Solution' To Climate Disclosure
• CFPB Says Consumers Must Know Risks As Libor Nears End
• ESG Disclosure Mandate Faces Hurdles Regardless Of Path
• Wind Farm Can't Take $71M Winter Storm Suit To State Court
• Financial Planning Tips For Retiring Law Firm Partners
• Kirkland & Ellis Litigator Jumps To Jones Day
• ND's DAPL Protest Suit Survives Feds' Bid To Gut Claims
• Ex-SEC Director To Advise Digital-Asset Securities Biz
• Canada's Coinberry Taps Ex-JPM CCO To Head Compliance
• V&E Steers Bitcoin Miner's Upsized $127M IPO
• Puerto Rico Fiscal Plan Under Fire As Hearing Approaches
• Extra £900M In Lehman Bros. Estate Won't Be Paid Equally
• CFPB's 1st Case Under Chopra Hits Prison Prepaid Card Co.
• 11th Circ. Won't Disturb Regions Bank Check Kiting Rulings
• Regulators Urged To Tighten Guidance On Bank Partnerships
• Credit Suisse To Pay $475M Over Mozambique Bribe Scandal
• Dems Float Raising IRS Bank Reporting Threshold To $10K
• Gilstrap Drops Out Of Debit Card IP Case Against Cigna
• BofA Cardholders Eye Class Cert. In ATM Fee Row
• 2nd Circ. Tosses Ex-Lehman Execs' $300M Retirement Suit
• What FTC's 'Penalty Offense Notices' Mean For Companies
• Chilean Co. Gets Approval For Ch. 11 Bank Stock Rights Sales
• Preparing Remote Deposition Defenses For Corporate Entities
• DOL's Proposed Rule Doesn't Make ESG Investment Risk-Free
• Cannabis M&A: How To Prepare For Regulatory Due Diligence
• Baker Donelson Adds Volvo Unit GC In Flurry Of Oct. Hires
• Fintech Co. Pismo Grabs $108M In Series B
• O'Melveny Snags Top Entertainment Atty From Manatt Phelps
• SEC Says 'Game-Like' Trading Apps Need More Examination
• ProShares To Launch US's First Bitcoin Futures ETF
• Bank Of America Shuts Down Pot Researcher's Account
• Deutsche Bank Objects To Chilean Co.'s Rights Transfer Plan
• US Detains Suspect In $350M Bribe Case After Extradition
• American Airlines Gets Bank's Force Majeure Claim Grounded
• FTC's New Approach Creates Challenges For M&A Deals
• Mobile Bank N26 Vaults To Over $9B Valuation With Series E
• NY Joins Crackdown On Crypto Lending Products
• Why Law Schools Should Require Justice Reform Curriculum
• 5th Circ. Says CFPB Payday Loan Regs Must Wait For Appeal
• SEC Awards Total Of $40M To 2 Whistleblowers
• Treasury Issues Sanctions Compliance Guide Aimed At Crypto
• UK Litigation Roundup: Here's What You Missed In London
• Calif. Court OKs Warrant For PetroSaudi Arbitral Win
• DOL Plan Could Make ESG Retirement Investing Hip — Again
• Credit Union CEO Wants Bail Amid Corrupt-Payout Appeal
• Health Care Co. Hit With Stock-Drop Suit Over Medicare Freeze
• Alston Real Estate Leader Sees More Fundraising Competition
• Goodwin Snags Another Litigator From Manatt In SoCal
• Banks Still Reporting Significant Libor Exposures, EBA Warns
• 11th Circ. Affirms Gov't Seizure Of Funds Tied To Visa Scam
• CFPB, FTC Wade Into 4th Circ. Fight Over Public Records Site
• Citigroup Dodges Part Of Illinois Superfund Cleanup Suit
• Mortgage Biz Accepts Crypto Payments In Industry First
• Fla. Man Admits Faking 21 Virus Loan Applications
• Pandora Papers Reveal Need For Greater Tax Enforcement
• CFTC Hits UBS With $500K Fine Over Deleted Recordings
• Real Estate Rumors: DR Horton, Harbor Group, Starwood REIT
• Greenberg Traurig Nabs London Disputes Team From Mishcon
• Holland & Knight Snags Ex-SEC Chief Risk Officer
• Ex-Olympic Skater May Get Bail In Virus Loan Fraud Case
• HSBC Fights Cayman Fund's Expanding $2B Madoff Claim
• G-7 Aims To Help Central Banks Create Digital Currencies
• SEC's Top Enforcer Says Admissions Are Back On The Menu
• Sen. Brown Says Tenure Of Fed's Quarles Was 'Failure'
• Goldman, Morgan Stanley Acted On Insider Info, Suit Says
• GOP Sens. Warn Of Political Bias In Fed Bank President Picks
• Vineyard Owner's Actions Reckless In FBAR Row, Judge Says
• Girardi Scandal Provides Important Ethics Lessons
• 4th BitMEX Anti-Money Laundering Suspect To Appear In NY
• 'Gamification' Exposes Major Reg BI Flaw, SEC Official Says
• Day Pitney Adds Ex-SDNY Atty To White Collar Practice In NY
• Chilean Holdco Asks To Sell Bank Share Rights In Ch. 11
• Takeaways From CFPB's Fair Debt Collection Rule Changes
• SEC Chair Wary Of Conflicts, Bias In Predictive Data Tools
• First Republic Lacked 'Common Sense' In Big Theft, Suit Says
• DLA Piper Snags King & Spalding Global Arbitration Partners
• SEC Official Urges SPACs To Disclose Conflicts Of Interest
• CFPB Urged To Change Course On Earned-Wage Programs
• Embracing ESG: Jabil GC Talks Compliance Preparation
• Chopra Officially Takes Reins As CFPB's Next Director
• FINRA Urges Firms To Review New Money Laundering Rules
• NYC Gambling Ring Boss Pleads Guilty In Racketeering Case
• Sullivan & Cromwell, Wachtell Build $8.2B Bank Tie-Up
• 9th Cir. Axes Ex-Bank Executives' Fraud Conspiracy Charges
• Borrowers Ask 9th Circ. To Pause Tribe-Linked Usury Suit
• CFTC's Stump On Speaking Out, Crypto And Market Access
• Reverse Mortgage Co. To Pay $1.3M In CFPB Settlement
• FINRA Probes Firms' SPAC Dealings As Part Of New Sweep
• 9th Circ. Backs Class Rejection for PACE Borrowers
• PNC Bank Says It's Not Liable For Ineligible PPP Loan
• Cooley-Led Personal Finance Site NerdWallet Files IPO
• CFPB Asks 7th Circ. To Rethink Ruling That Vacated $59M Win
• 3 Ways CLOs Can Drive ESG Efforts
• CoinFlip Is Latest Co. To Hire CCO As Crypto Scrutiny Mounts
• Seila Law Throws In Towel In Fight That Restructured CFPB
• 10 Years On, SEC's Market Access Rule Still Lacks Clarity
• UK Litigation Roundup: Here's What You Missed In London
• Hogan Lovells Hires Financial Regulatory Partner In Dublin
• FINRA Fines Merrill Lynch Over Alleged Short Sale Issues
• CFTC's Stump Reflects On An Agency In Flux
• Citi Must Turn Over DOJ Docs In Ex-Forex Trader's Suit
• Fed Official Says Big Banks May Need Climate Risk Guidance
• How Law Firms Can Rethink Offices In A Post-Pandemic World
• TD Bank Removes Overdraft Fee Claims To NJ District Court
• FINRA Aims To Boost Routing Disclosures On Unlisted Trades
• Next Fed Supervision Vice Chair Must Restore Bank Oversight
• 1st Circ. Doubts Tribe Is Immune From Bankruptcy Stay
• Banking App Says It Cleared CFPB's Paycheck Advance Probe
• A Primer On DOL Probes For ERISA Plan Service Providers
• What To Expect From SEC's Equity Market Recommendations
• 8th Circ. Revives Freddie And Fannie Shareholder FHFA Suit
• TD Bank Seeks Ax Of PE Firm's Cyber Scams Suit
• BofA Says No Basis To Oust McGuireWoods In Housing Suit
• SEC Hits Back At Bid To Curb Its AML Reporting Enforcement
• DOJ Launches Programs Aimed At Cybersecurity, Crypto
• DeVos Urges Skeptical 9th Circ. To Quash Loan Relief Depo
• GOP Sen. Demands OCC Nominee's Moscow Thesis On Marx
• CCOs Play Key Role As Corruption, Supply Chain Risks Surge
• Think Finance Investors Ask Court To Nix Class Cert.
• JPMorgan Says Texas Winter Storm Was No Force Majeure
• Goldman, Investors Lay Out Cert. Fight Args For NY Judge
• Pa. Justices To Weigh Suit Over Bank's Alleged Role In Fraud
• Mortgage Holders Say PNC Inflated Principals During COVID
• Inyx Fraudster Seeks New Trial Over Jury Instructions 'Error'
• 4 Firms Guide Canadian Fintech's Upsized $369M US IPO
• Hughes Hubbard Adds Arbitration And Anti-Corruption Pro
• NYC Fair Chance Act Updates Challenge Finance Employers
• Dollar Bank Scam Liability Row Remanded To Pa. State Court
• Santander, Axa Lose Appeal At ECJ On Spanish Tax Break
• Senate OKs 8 US Attys, Including SDNY And EDNY
• Cox Taps Ex-Wells Fargo Ethics Pro To Replace Retiring CCO 
• 3rd Circ. Blasts 'Trial Before Certification' Plan In Wage Suit
• Crypto Top Of Mind For Lawmakers In Hearing With SEC Chair
• Fed's Quarles Tells Banks To 'Pick Up Pace' On Leaving Libor
• Eagle Hospitality Ready For Ch. 11 Plan After Settlement
• PowerPlan Can't Duck $47M Monopoly Suit Over Fake Threats
• Retail Heavyweights Push To Escape Data-Sharing Suit
• Senate Panel Clears 2 Biden Treasury Picks, Ties On Others
• FINRA Fines Merrill Lynch $1.5M Over Muni Securities Issue
• Cannabis Fraud Decision Shows Need For Sentencing Reform
• Ozy Media Sued By Investor Over Exec Impersonation Scandal
• Republic Bank & Trust Sues To Enforce $165M Tax Unit Sale
• Warren Criticizes 'Corruption' At Fed Over Stock Trades
• 3 Jurisdictions Dropped From Tax Blacklist, EU Confirms
• Morgan Stanley, UBS Escape Failed Stock Lending Co.'s Suit
• Pandora Papers Spark Calls To Expedite New AML Rules
• Warren Asks SEC To Probe Potential Insider Trading At Fed
• Embracing ESG: Baker Hughes CLO Talks Sustainability Team
• High Court Won't Hear RD Legal's CFPB Ratification Challenge
• SDNY Appellate Deputy Chief Joins Boutique Firm Perry Guha
• High Court Won't Review 3rd Circ. Nix Of SEPTA Ad Policy
• Shareholder Seeks To Block $411M Building Supplier Sale
• With Chopra Poised To Take Over, What's Next For The CFPB?
• Alpha Latam Gets OK For $140M Stalking Horse Bid In Ch. 11
• Supreme Court's Return Could Deliver Conservative Windfall
• DC Circ. Calls ATM Fee Antitrust Class Cert. 'Questionable'
• Pro Say: A Supreme Court Term Packed With Landmark Cases
• Toomey, SIFMA Say No To New SEC 'Gamification' Regs
• Pa. Shopping Center Fights Demand For Bank's Atty Fees
• Russian Bank Founder Cops To Tax Fraud, Owes US $500M
• Va. Consumers Score Class Cert. In Payday Lending Suit
• Up Next At High Court: State Water Rights, CIA Black Sites
• What Mainstreaming Of Litigation Finance Means For Industry
• CFPB Can Implement Payday Lending Regs Amid Appeal
• Feds To Appeal Rakoff Sentence In Cannabis Bank Fraud Case
• UK Litigation Roundup: Here's What You Missed In London
• Kavanaugh Tests Positive For COVID, Has No Symptoms