Banking Archive » April, 2022

Banking - April, 2022

323 articles

• SEC Says Advisers Failed To Protect Nonpublic Information
• Asset Manager Says Lowenstein Advice Led To SEC Scrutiny
• HSBC Beats RMBS Trustee Suit On Champerty Grounds
• Cannabis Bill Roundup: NH Legalization Effort Dies In Senate
• Florida Real Estate Roundup: PEBB, Merrick Manor, Catalfumo
• Why NY Foreclosure Abuse Prevention Act Should Pass
• Subprime Lender OneMain Says It's Under CFPB Investigation
• Klarna Hit With Class Action Over Hidden Overdraft Fees
• Enviro Assessment Rule May Help Lower Buyers' PFAS Risks
• SEC Climate Plan Caters To Profit-Driven Funds, Profs Say
• PayPal Atty's Love Of Service Extends To Ukrainian Clinic
• MORE Act's Possible Impact On State-Licensed Cannabis Cos.
• Associates, Look Beyond Money In Assessing Lateral Offers
• Trump Still In Contempt, Must Tell AG About Docs Under Oath
• UK Litigation Roundup: Here's What You Missed In London
• HSBC Broke Open Banking Rules With New Product Launch
• Feds Say Manafort Owes $3M In Fees For Foreign Accounts
• Mint Mobile Can't Shake Crypto Theft Victim's Breach Claims
• PayPal Says FTC Probing Its Commercial Customer Practices
• NY Sheriffs Blocked From Enforcing Slashed Debt Rate Law
• Mich. Pot Co. Nabs Financing With Federally Chartered Bank
• NJ Bank Founder Cops To Bogus Loan Charge
• Fintech, Sustainable Energy SPACs Raise $175M Combined
• Big Banks Say 'Odd Lots' Judge Had No Conflict At Dismissal
• Danske Bank, Feds In Talks Over Money-Laundering Scandal
• Fee Examiner Ruling On Tap In Corp. Group Banking Ch. 11
• Biden Looks To Widen Seizures, Give Ukraine Oligarch Assets
• NY Regulator Urges Crypto Cos. To Use Blockchain Analytics
• Credit Suisse Is Beefing Up Compliance And Cutting Exec Pay
• UBS Improperly Disclosed Account Without US Ties, Suit Says
• Pa. Judge Won't Make SBA Pay $6M COVID Loan To Eateries
• Lender Says Cannabis Farm Breached $4M Loan Agreement
• Preventing Impermissible Client Solicitation After ABA Opinion
• Pa. Debtors Granted Class Cert. In Debt-Threat Letter Suit
• App Maker's Suit Against Apple Deleted For Good
• Ukrainian Rulings Not Irrelevant In Fraud Case, Court Hears
• Sonic Signs $5.7M Deal With Banks To Settle Data Breach Suit
• BNY Mellon Contractor Wants Out Of Software Copyright Suit
• Musk Faces A Few More Hurdles Before Acquiring Twitter
• Cadwalader Adds Fintech Pros From Reed Smith, Loeb & Loeb
• SIFMA Says SEC Private Fund Rule Could Stifle Innovation
• OCC Head Calls For Unified Standard For Stablecoins
• CFPB's Chopra Flags Credit Card Rules For Potential Review
• Consumers Reach $500M Deal With Tribal Lending Cos.
• Reps. Ask Congress Leaders To Finally Pass Pot Banking Bill
• Takeaways On Fed's Central Bank Digital Currency Proposal
• SEC's Climate Rules Promote Compliance, Not Real Change
• Lessons On Avoiding E-Discovery Violations And Sanctions
• Trump Appeals $10K-A-Day Contempt Order In NY AG Probe
• Archegos Execs Charged With Giant Fraud After Collapse
• GOP Senators Rip Biden's CFPB Chief As Rogue Partisan
• NJ Bank Beats Customer's Suit Over $1.4M Hacking Scam
• MoneyGram Stockholder Sues To Stop Madison Dearborn Buy
• Eyewear Co. Says Chase Liable For $272M Cyber Fraud
• UBS Hit With $350K FINRA Fine For Late Trade Reporting
• 3 Firms Rep In Tech-Focused SPAC's $70M IPO
• Crypto Industry Can't Count On Congress, At Least Not Yet
• Gensler Pushes For 1-Minute Bond-Trade Reporting Deadline
• Dem Senators Say Zelle Parent Co. 'Abdicated' Fraud Duties
• Senate Confirms Brainard As Federal Reserve Vice Chair
• BofA Urges Nev. Court To Keep HOA Title Insurance Suit Alive
• Hogan Lovells Adds 2 Partners, Engineer To Regulatory Group
• Collaborative Tech Will Dictate Future Law Firm Success
• 2 Suits Demonstrate Escalating Rhetoric At CFPB
• CFPB Plans To Dust Off 'Dormant' Nonbank Oversight Powers
• Bancorp Must Repay $12.5M Over Pandemic-Busted Deal
• Norwegian Investor's Creditors Cite Jurisdiction In $50M Row
• China-Based Fintech Co. Beats Investor Suit Over IPO
• Credit Suisse Wants Forex Price-Fixing Class Decertified
• Feds Oppose Citibank VP's Bid For Whistleblower Award
• Sports Investor Cops To Large-Scale Crypto 'Shadow Banking'
• Greenberg Traurig Lures 6 Winston & Strawn Real Estate Attys
• Ga. Judges Allow Foreclosure Claims Against Law Firm, Bank
• How To Effectively Prepare A Witness For Remote Testimony
• Musk, Twitter Reach Deal On $44B Sale
• Justices Stay Out Of Pollution Suit Targeting World Bank Arm
• Trump Held In Contempt For Defying NY Investigation
• NY Court May Probe Botched $500M Fraud Case Despite Pleas
• Bank Groups Flag 'Concerns' In Fed Account Access Proposal
• Hedge Funders Avoid Prison In Bungled SDNY Case
• Quicken Axed Banker Over Discrimination Reports, Suit Says
• New Bancorp CCO Sizes Up Third Parties Amid Fintech Boom
• Fla. Firms Launch 3rd Circ. Fight Over Ch. 11 DQ, Sanctions
• As Cyber Risks Surge, Remember Attorneys' Ethical Duties
• Zurich Must Cover Ponzi Scheme Suits, Bank Says
• UK Litigation Roundup: Here's What You Missed In London
• OCC Slams Anchorage Digital Over AML Compliance Program
• Financial Cos. Not Ready For SEC's Climate Plan, Report Says
• Investors Take Aim At Wells Fargo Over $449M Ponzi Scheme
• Ex-CFPB Chief Of Staff Named ABA's Top Lobbyist
• ​​​​​​​Chinese Bank Can't Nix $1.5M Harassment Deal, NY Court Told
• Icahn Blasts McDonald's, Wall Street Cos. For ESG 'Cover-Up'
• NYC Businessman Gets Over 4 Years For COVID Loan Fraud
• Atty Slams Wells Fargo For Rejecting Black Judge In Bias Suit
• Binance Seeks Out Of $8M Texas Romance Scam Suit
• Elon Musk Says He Has Secured $46.5B To Buy Twitter
• Ex-Olympic Skater In Plea Talks Over COVID-19 Fraud Charge
• CFPB, NY Sue MoneyGram Over Alleged Remittance Lapses
• SoFi Will Revise Lending Policies To End DACA Bias Suit
• Rethinking E-Discovery Readiness Amid Rise Of Collab Tools
• Credit Suisse Hit With Fresh Suit Over $2B Tuna Bond Scandal
• Robinhood Users Again Seek Class Cert. In Order Flow Suit
• Latham Asks To Drop Sanctioned Russian Bank As Client
• Ex-NBA Player's Assistant Gets Nearly 6 Years For $4.8M Theft
• Wawa Gets Nod For $12M Consumer Data Breach Settlement
• 'Tribal' Lender Violated RICO, Usury Laws, Borrower Claims
• College Chain Operator Dealt Blow In Battle Over CFPB Probe
• DOJ Nabs 21 People In Record $150M Virus Fraud Crackdown
• Trump Says No Contempt Since He Doesn't Have Documents
• Supply Chain Info Will Strengthen SEC's Climate Rule
• Ex-Brooklyn Judge Gets 15 Months After 'Tragic' Downfall
• Crypto And NFTs Could Change The Future Of Real Estate
• Small-Business Lender FundPark Nabs $250M For Expansion
• Greenberg Traurig Adds Seyfarth Financial Services Pro In DC
• Loeb & Loeb Pilots Tech-Focused SPAC's $100M Upsized IPO
• Embracing ESG: Uber Counsel Talks Safety Standards
• Ex-Wells Fargo Worker Drops COBRA Intimidation Suit
• Prospectively Appointing Jackson To High Court Is Unlawful
• Litigation Funder Sold Unregistered Securities, SEC Says
• Big Banks Say VP's Letter Backs Bid To Narrow VRDO Case
• PayPal Asks Judge To Toss Investors' Suit Over Stock Drop
• NYC Gambling Ring Head Gets 4 Years For Racketeering Rap
• Wilkinson Stekloff Adds Ex-Prosecutor As Trial Partner In DC
• CFPB's Chopra Throws Down Marker With TransUnion Case
• Mastercard Staff Could See Pay Swings Based On ESG Goals
• Proposed SEC Restrictions Stand To Add SPACs Risk
• Ex-Judge Opposes Credit Union's Tough Sentence Request
• Rep. Calls Banking Bill Best Shot At Pot Reform This Session
• Lenders Of $51M Must Face Corporate Borrowers' Fraud Claim
• JPMorgan Must Answer Adviser's 'Troubling' Retaliation Claim
• Law Profs Blast SEC Plan To Trim 'Activist' Investor Deadlines
• Green Financing Co., Borrowers Settle Home Loan Claims
• Chopra Says Small Biz Vulnerable To Debt Collection Abuses
• Ropes & Gray Adds Ex-Proskauer Capital Markets Partner
• Prosecution Of NY Lender Marks Shift In PPP Enforcement
• Wawa Says Mastercard Wrongly Took $10.7M In Penalties
• Goldman Sachs, JPMorgan Near Aluminum Antitrust Deal
• Treasury Official Draws Firm Line On Russia Sanctions
• Lebanese Bank To Challenge $3M Arbitral Award Enforcement
• SEC Accuses Ex-Morgan Stanley Rep Of $4.8M Ponzi Scheme
• Wells Fargo Beats Suit After Stock-Owning Judge's Recusal
• Justices Further Pushed To Clarify Alice Ruling
• Banks Challenge FDIC's $624M Sale Calculation In RMBS Suit
• T-Mobile Gave Info To 'SIM-Swap' Hacker, Customer Says
• Hinshaw Adds Fintech, Consumer Finance Pro In New Orleans
• Trump Presses Fed. Court To Hear Challenge To NY AG Probe
• Maynard Cooper Adds Trial Lawyer As Litigation Shareholder
• Key Strategies For Patenting Big Data Solutions
• Best Practices For Avoiding Bank Reference Letter Scams
• Bofl Inks $14M Deal To End Class Action Over 47% Stock Drop
• Biden Plays It Safe With Pick For Fed Supervision Chief
• One Year In, SEC's Gensler Has Delivered A Rulemaking Storm
• Cannabis Bill Roundup: NH Lawmakers Mull Home Grow
• Financial Giants Seek An End To Call Center Tech Patent Suit
• FinCEN Urges Banks To Help Crack Down On Kleptocracy
• Florida Real Estate Roundup: JMH, GID, The Easton Group
• Qatar Can't Sue Saudi Bank In NY For Alleged World Cup Ploy
• Ex-Merrill Lynch Trader Cops To Spoofing Treasury Notes
• Pa. Bank Settles Fake Ferrari Loan Suit With Investors
• DOJ Agrees To Return $1M In Seized Cannabis Cash
• Ex-Judge Earned Prison For Impeding Bank Probe, Feds Say
• JPMorgan Sued Over $80M Exec Stock Option Disclosures
• Time To Fix Legal Industry's Environmental Pro Bono Problem
• Exxon Hit With $288K Tab Over Alex Oh, Paul Weiss Conduct
• What Federal Web3 Initiatives Mean For Fintech Professionals
• Biden Taps Michael Barr For Fed's Top Bank Regulatory Job
• Baltimore State's Atty Must Face Perjury, Fraud Allegations
• UBS Investor Sanctioned Over Redo Bid In NY Derivative Suit
• House Lawmakers Pitch Bill For 'Inevitable' Pot Regulation
• Trump Spokesman Denied Notice Of Financial Doc Production
• Ex-Domino's Exec Accepts $1.9M Fine In Insider Trading Case
• 3rd Circ. Upholds Judgment Against Mitsubishi Finance Co.
• Judge Says TD Bank Isn't Liable For Firms' Embezzled Cash
• Remembering An Underappreciated Legal Skill — Listening
• Supply Chain Implications Of SEC's Climate Proposal
• UK Litigation Roundup: Here's What You Missed In London
• Hackers Have Ability To Control Key Infrastructure, U.S. Says
• CFPB Changes To In-House Proceedings Stoke Industry Alarm
• Bitcoin ATM Operator Lacked License, Dodged Taxes, DA Says
• Charity Accuses UBS, Father-Son Duo Of Mismanaging Funds
• 7 Firms To Lead Goldman, Morgan Stanley Insider Info Suits
• NY Lawmaker Pitches Cannabis Banking Bill
• Morgan Stanley Data Loss Deal Merits $20M Fee, Attys Say
• M&A Takeaways From ABA Antitrust Meeting
• Attorneys Can Promote Trade, Security Amid Global Conflict
• Judge Won't Let TD Ameritrade Escape Banking Patent Suit
• Recidivist NYC Gambling Ring Boss Earned 5 Years, Feds Say
• How Cos. Can Respond To ESG Focus In SEC Exam Priorities
• 2 Firms Rep Crypto- And Fintech-Focused SPAC's $100M IPO
• Tenant Background Checker Violated FCRA, Suit Says
• Calif. Regulator Sues Fintech Lender That Sued Over Rate Cap
• 1MDB Trial Gives Courts Another Shot At Shaping FCPA Law
• Feds Reveal Charges Against Hacker Site's Alleged Founder
• SEC Chief Doubles Down On Climate Plan Amid GOP Uproar
• Fla. Man To Pay $100K To End SEC Suit Over Ponzi Scheme
• CFPB Sues TransUnion, Former Exec For Violating 2017 Order
• Goodwin Guides Circle In $400M Fundraise, BlackRock Deal
• NY Foreclosure Bills Would Destroy A Key Consumer Right
• 'Dead' Consumers Say Credit Reporting Agency Errors Costly
• Key Takeaways From SEC's 2022 Exam Priorities
• Ex-Curve Compliance Chief Rejoins McGlinchey Stafford
• US Says Ukrainian Court Ruling Not Final Say In Fraud Case
• Michelman & Robinson Names New Banking Litigation Chair
• NY Feds Drop $500M Fraud Case, Avoiding Misconduct Probe
• Modoc Nation Sued Over Alleged High-Interest Loan Scheme
• 7th Circ. Won't Revive Loan Foreclosure RICO Claims
• Judge Backs Trustee's Bid To Sell Mutual Benefits Policies
• Nubank Lands $650M For Mexico And Colombia Growth
• 'Broken' Ex-Brooklyn Judge Wants No Prison For Obstruction
• Iraqi Telecom Gets $3 Million Fraud Award OK'd
• NY Regulator Gets Assessment Fee Authority For Crypto Cos.
• UBS Freed From Ex-Exec's NJ Whistleblower Suit
• The Future Of Legal Ops: Reining In Outside Counsel Costs
• SEC Draft Climate Disclosure Rule May Speed Cos.' GHG Cuts
• Goldman Says Arbitration Pacts Should Narrow 401(k) Class
• Fla. Men Sued By SEC Over Roles In 1 Global Ponzi Scheme
• Dechert Keeps Growing Finance Practice With Davis Polk Atty
• NY AG Says Real Estate Firm Must Comply With Trump Probe
• 10th Circ. Affirms That Extended Overdraft Fees Aren't Interest
• CFTC Wins $4.7M Judgment In Danish Forex Fraudster Case
• CFTC, Florida Cos. Strike $1.8M Deal Over Digital Asset Fraud
• CFPB Seeks To Limit Credit Impact For Trafficking Survivors
• SEC Breach Gives Firepower To Critics Of In-House Courts
• Hsu Sees Risk With Greater Stablecoin Regulatory 'Variability'
• When Congress Seeks Cos.' Nonpublic Info From Regulators
• EU To Block High-Value Russian Crypto Transactions
• IPO Outlook Slightly Brightens After A Dismal Start To 2022
• Ex-Deutsche Traders Get 5-Year Ban In CFTC Spoofing Case
• Enforcement Takeaways From ABA Antitrust Meeting
• UK Litigation Roundup: Here's What You Missed In London
• Ex-Goldman Exec Convicted Over Corrupt 1MDB Bond Deals
• Forster Garbus On Hook For Seizing Funds From Wrong Party
• Ex-Goldman Banker Banned From Banking Industry For Life
• New York Fed's Top Atty Since 2016 Is Stepping Down
• Ukrainian Gets 5 Years For Role In $1B Credit Card Fraud
• Yellen Says Crypto Rules Should Weigh Risks And Rewards
• Sen. Brown Asks Fed, OCC To Join Bank Merger Review Push
• SDNY Atty's Comments Shed Light On Private Funds Focus
• Avoiding Film Industry Fraudsters: Key Tips For Investors
• Ex-OCC Examiner Joins Banking Tech Co. As Risk Chief
• 11th Circ. Reverses Loan Cos.' Win In Deed Dispute
• In Early Mediation, Negotiate With Empathy, Not Threats
• 11th Circ. Sends Back CFPB's Ocwen Suit For Closer Look
• Fla. Atty Hopes To Use Anti-SLAPP To Exit Ethics Complaints
• FDIC Wants Heads-Up From Banks Involved In Cryptocurrency
• Okla. Woman Cops To $43.8M COVID-19 Relief Fraud Scheme
• Trump In Contempt For Not Turning Over Docs, NY AG Says
• Titan Of The Plaintiffs Bar: Tycko & Zavareei's Hassan Zavareei
• JPMorgan Says Nigeria's $1.7B Suit Over Oil Deal Falls Short
• Cyber Protections Helping To Curb Ransoms, Report Says
• SEC Scores Default Win In Goldman Insider Trading Suit
• Audit Watchdog Sends Warning Shot In Fining Ex-KPMG Exec
• JPMorgan Chase Wants Texas Doctor's Racial Bias Suit Axed
• Ukraine Atrocities Lead To More US Sanctions Against Russia
• Diplomatic Immunity Invoked In Venezuelan Bribery Case
• Yellen Says No 'Significant' Crypto Sanctions Evasion So Far
• Addressing Problematic Drinking In The Legal Profession
• 9th Circ. Says Marketing Co. Can't Arbitrate TCPA Suit
• FINRA Warns Of Evolving 'Boiler Room' Stock Scams
• Biden's Latest SEC Picks Include Top Pelosi Adviser
• Ex-McKinsey Partner Gets 2 Years For 'Brazen' Insider Trading
• SEC Investigation Of Accounting Firms Is A Good First Step
• SEC Seeks More Oversight Of Security-Based Swaps Trading
• Judge's 'Disdain For Antitrust Law' Gets Visa Case Rerouted
• NYC Gambling Ring Boss Wants 'Mercy' At Sentencing
• Nigeria Says Quincecare Ruling Boosts $1.7B JPMorgan Suit
• EU Challenges Tax Laws In Germany, Spain
• Fired KPMG Audit Head Hit With Record $100K PCAOB Fine
• Wells Fargo Sued Over Alleged Racial Bias In Home Lending
• Debate Intensifies Over SEC's Climate Disclosure Authority
• Ex-Goldman Exec's Defense Assailed As Case Heads To Jury
• 6 Ex-Regions Bank, Merrill Employees Get Fed Industry Bans
• GOP Lawmakers Push Back On CFPB's 'Junk Fees' Scrutiny
• Transforming Law Firms' Diversity Intent Into Real Progress
• SEC's Climate Disclosure Proposal May Overburden Cos.
• Finance Cos. Should Brace For Wider CFPB Anti-Bias Reach
• Fed. Circ. Wonders If Lehman's Spirit Lives On, Even In Booze
• Pleas Delay Probe Of Gov't Missteps In $500M Fraud Case
• Cum-Ex Trial Puts German Enforcement In Spotlight
• Ex-NY Fed CCO To Head Up Crypto Regs At JST Capital
• US-German Crackdown Shutters, Sanctions $1B Darknet Hub
• Ex-Goldman Exec Lays 1MDB Blame At Ex-Boss' Feet
• Block Says Ex-Worker Downloaded Cash App Customer Data
• Wary Fed. Circ. Mulls Mitek's Mobile Check Deposit Patent Suit
• CFPB Backs Borrowers' 9th Circ. Appeal In Wells Fargo Case
• Calif. Board Diversity Law Was Axed, But Momentum Persists
• M&T Bank Is Accused Of Plot To Oust Older Workers
• Cyber Coverage Hopes Buoyed By Target Data Hack Win
• More Than 20 Law Firms Led Q1's Top 10 Global M&A Deals
• Credit Suisse Fired 10, Clawed Back $43M Post-Greensill
• Evaluating Market Efficiency Arguments In Class Certification
• Gensler Tells Students Crypto Can't Dodge Securities Laws
• US, Spain Seize Russian Tycoon's $90M Luxury Yacht
• 3 Credit Unions Sue Over NY Debt Judgment Rate Cut Law
• 6th Circ. Says Explanation For Lost Cash Needed To Exit Ch. 7
• Ex-PNC Financial Advisers Can't Revive Age Bias Suit
• Brooklyn Judge Steps Down After Obstruction Conviction
• Court Blocks Fifth Deposition In $1.8M FBAR Case
• PayPal Appeal May Limit Scope Of CFPB's Rulemaking Power
• Wells Fargo Strikes $32.5M Deal In ERISA Self-Dealing Suit
• Justices Must Apply Law Evenly In Shadow Docket Rulings
• Goldman Asks Court To Rethink Certifying Gender Bias Class
• Chancery Suit Over Hacked Payout In $130M Merger To Go On
• SEC's Lee Envisions New Era Of Accountability For Attorneys
• FDIC Flags Overdraft, Fair Lending Issues In Exam Findings
• Mortgage Co. Can't Dodge CFPB's Deceptive Lending Claims
• SEC's Peirce Blasts Agency's 'Scattershot' Crypto Approach
• BofA Can't Ditch Customer Suit Over ACH Transfer Fees
• Ballard Spahr Nabs Bradley's Fintech Co-Chair
• OCC's Hsu Sees Too-Big-To-Fail Risk In Large Regional Banks
• US Sanctions 5 North Korean Entities Over Missile Support
• 3rd Circ. Preview: Oil Contract, Foreclosure Highlight April
• Federal Cannabis Bill Needs A Regulatory Plan To Succeed
• Tips For Negotiating Litigation Funding Agreements
• Sidley Snags Longtime Weil Real Estate Atty As New Partner
• Foley & Lardner, DLA Guide Cannabis REIT's $300M Offering
• 2nd Circ. Wary Of Tossing UBS Whistleblower's $1M Trial Win
• Florida Real Estate Roundup: Tishman, Botaniko, Lee Health
• FX Rigging Ruling Signals Shift In Approach To Class Actions
• US House Approves Bill To End Federal Cannabis Prohibition
• Biden's Crypto Plan Snubs States In Coordination Push
• UK Litigation Roundup: Here's What You Missed In London
• Macquarie Sells Australian Telecom Biz Axicom In $2.68B Deal