Banking Archive » May, 2022

Banking - May, 2022

284 articles

• Morgan Stanley Went PAGA 'Plaintiff-Shopping,' 9th Circ. Told
• Warren Readies Bill To Stamp Out SPAC 'Abuses'
• Kabbage Says Partner Bank Owes It 'Millions' In PPP Fees
• Sen. Brown Calls On Wells Fargo To Fix Diversity Issues
• USAA Overcharged Service Members And Veterans, Suit Says
• Dollar Bank, Pa. Customer Dispute Duty To Flag $4.3M Scam
• Medical Debt Info Furnishers Must Beware Increased Scrutiny
• Big Banks Settle Rest Of Sibor Price-Fixing Case For $91M
• BofA Hit With Class Action Over Zelle, Venmo Fraud Losses
• BofA Flouted $150M Hawaii Loan Commitment, Nonprofit Says
• Class Counsel Wants $1.4M Of $4.25M TD Bank Deal
• UK Pushes For Oversight Of Systemically Risky Digital Assets
• Cannabis Moneyball Has Begun, And The Game Is Heating Up
• Justices Won't Take Up Arbitration Row In 6th Circ. Bank Case
• German Court Affirms Ex-Banker's Cum-Ex Conviction
• Law360 Names 2022's Top Attorneys Under 40
• US Says $380M Is Fair Game In 1MDB Case
• DC Circ. Denies SEC Bounty To Pre-Dodd-Frank Whistleblower
• Florida Real Estate Roundup: Surfside, Deauville, 800 Brickell
• Blank Rome Adds Finance, Deals Partner In Chicago Office
• SEC Probing Musk's Disclosure Of Twitter Stock Purchases
• Calif. AG Tells 9th Circ. District Attys Can Sue National Bank
• Comerica Hit With Fraud Suit Over Child Support Debit Card
• What A Crypto Exchange Bankruptcy Filing Could Look Like
• UK Litigation Roundup: Here's What You Missed In London
• Federal Judge Says Trump Can't Stop NY AG Investigation
• Fed's Brainard Urges Focus On Future In Digital Dollar Debate
• DOJ Defends New CCO Certifications Amid Industry Worry
• EisnerAmper Dodges Claims It Abetted $789M Ponzi, For Now
• CFPB Says 'Black Box' Lenders Must Explain Credit Decisions
• Void Insurance Buyers May Seek Premiums, Del. Court Says
• ABA Isn't Giving Up On Diversity Efforts By Ending CLE Rule
• Carrington Mortgage Pays $18M To End Convenience Fee Suit
• Title Co. Investor Gets $10.9M For Failed Merger
• Wintrust Faces Accusations Of Bias Against Black Borrowers
• NC Atty Gets Prison Over Fraud That Funded Plastic Surgery
• State Bank Regulators Org. Urges Action On Pot Banking Bill
• Trump Can't Quash AG Subpoena, NY Appeals Court Says
• Mortgage Exec. Sent Love Interest To Spy On Rival, Suit Says
• Getting To Know Biden's DC Circuit Nominee Florence Pan
• CFPB, NY Say MoneyGram's Case For Dismissal Is 'Meritless'
• Elon Musk Plans $6.25B More In Equity For $44B Twitter Deal
• Gov't Urges Justices To Reject Terror Financing Liability Suits
• TD Bank Gets Investment Firm's Phishing Scam Suit Axed
• SEC Proposals Target 'Greenwashing' By Advisers, Funds
• Mortgage Servicer Liable For False Bill Notice, 11th Circ. Finds
• China's HNA Group On Hook For $184M Skyscraper Award
• Derivatives Industry Pushes Back On FTX's Trading Plan
• Lateral Candidate Screening Steps To Prevent Bad Behavior
• CFPB Probes 'Suppressed' Credit Card Payment Reporting
• How Russia Sanctions Are Affecting Compliance
• Exiled Chinese Billionaire, Lender Ask For Ch. 11 Exit
• Manatt Adds DLA Piper Real Estate Resort Expert In SF
• Watchdog Clears Bank Of Ireland's $5.3B KBC Deal
• CFO Cops To Helping NJ Bank Founder Conceal Bogus Loans
• Danish Tax Agency Appeals Judgment Clearing Law Firm
• Fifth Third Gets Investor Fraud Suit Axed For Good
• CFPB Revamps Innovation Unit In Shift From Trump-Era Tack
• TradeZero Settles SEC Claims It Misled 'Meme Stock' Investors
• Investors Urge 9th Circ. To Revive Meta Stock Drop Suit
• Bank OZK Investors Seek Initial OK Of $45M Settlement
• A Look At The Legal Profession Since Murder Of George Floyd
• DeFi Platform WonderFi Hires New Chief Compliance Officer
• FDIC Atty Sues Feds For Gender Pay Discrimination
• Nationstar Settles Suit Alleging Unauthorized Payments
• Feds Charge 19 In $6M Drug Money Laundering Scheme
• 9th Circ. Revives CFPB's Restitution Bid In Tribal Loan Case
• Laos Says Businessman Can't Keep Avoiding $3.7M Awards
• FDIC Draws Bankers' Ire With Move To Scrap Appeals Office
• 7th Circ. Revives Debt Collection Suit Against Law Firm
• SEC's ESG Task Force Nets First Fine In BNY Mellon Case
• Bank's $45M Tilton Suit Will Go To Jury Despite Virus Spike
• NY Ruling Correctly Deems Legal Finance Docs Irrelevant
• PNC Can't Shield Talk With Attys Over $660M Mellon Trust
• 1st Circ. Won't Revive $281M Investor Suit Against Santander
• Addressing Low Response Rates In Expert Surveys
• What Sanctions Mean For Funds' Subscription Credit Facilities
• Crypto Cos. Should Prep For More IRS John Doe Summonses
• 5th Circ. Says SEC's Court Is Unconstitutional. Now What?
• Florida Real Estate Roundup: 13th Floor, Clearline, Quattro
• Ex-Panama Prez's Sons Get 3 Years In Odebrecht Bribery Plot
• K&L Gates Adds Ex-State Street, Fintech Compliance Pro
• MoneyGram Hints At Challenge To CFPB's Funding Structure
• Feds Want SEC And FTC Cases Coordinated At High Court
• BofA Can't Escape Investor's Suit Over Pandemic Losses
• Cannabis Bill Roundup: Del. Legalization Bill Dies In House
• SEC Denies Atty's Bid To Ax Lifetime Ban Over Fraud Claim
• Ex-BitMEX CEO Ducks Prison In Anti-Money Laundering Case
• Fed. Circ. Upholds Inventor's $7M Win Against Microsoft
• Fed. Circ. Makes Gilstrap Hear USAA Mobile Check Patent Suit
• New Arbitration Planned In $5B PrivatBank Laundering Case
• Trump Pays $110K To NY AG For Not Complying In Biz Probe
• Gunster Continues Expanding, Adding Six Attorneys In Fla.
• Partial Student Loan Forgiveness: What Are The Implications?
• The SEC's Climate Disclosure Plan Fails Individual Investors
• SEC Fines Wells Fargo Brokerage Unit $7M For AML Lapses
• Kirkland-Led Tech Startup Going Public Via $1B SPAC Merger
• Navy Federal Faces Consumer Suit Over Zelle Scam Risks
• SEC Nominees Pressed To Take Sides On 'Diversity' Initiative
• Wells Fargo And PNC Look To Toss Beverly Hills Hotel Suit
• Biden's Fed Supervision Pick Keeps It Cool At Senate Hearing
• Goldman Case Threatens 'Runaway' Class Cert., 2nd Circ. Told
• New Ariz. Cyberattack Info Sharing May Be Worth The Burden
• Archegos Judge Backs Out Over JPMorgan Stock Holdings
• 9th Circ. FCRA Ruling Highlights Furnishers' Role In Disputes
• Phase I Site Assessments After EPA U-Turn On 2021 Standard
• Deutsche Bank Investors' Suit Over Epstein, Others Survives
• Overcommunicate With Your Summer Associates This Year
• Deals Rumor Mill: Saudi Aramco, Volkswagen, Lionheart SPAC
• Tyson & Mendes Adds Construction Partner In Las Vegas
• Yellen Gives Chilly Read On China Tariffs Amid Inflation Woes
• Indian Oil Co. Loses Bid To Collect Arbitral Award From Yemen
• Pot Regulators Say Banking Bill Impasse Is Leading To Murder
• Top Money Launderer For Ghana 'Fraud Boys' Gets 9 Years
• Firm Wants 2nd Shot At NJ Bank Over $1.4M Hacking Scam
• SEC, FTC Heads Say Market Growth Justifies Bigger Budgets
• Husch Blackwell Adds To Financial Services Practice In DC
• 5th Circ. Says SEC's In-House Court Is Unconstitutional
• Commerce Wants Input On Crypto Framework
• Nev. Case Highlights Settlement Authority Dilemmas For Cos.
• Sen. Lummis Teases Bill Addressing Crypto And Stablecoins
• OCC's Hsu Urges Banks Not To Get Caught 'Swimming Naked'
• The Week In Bankruptcy: Purdue Bonus, PR Pension Appeal
• FDIC Rule Takes Aim At Nonbanks Misusing Its Logo
• Judge Poised To Bless $66.7M Deal In ATM Fee Antitrust Row
• 'Chrisley Knows Best' Stars Blame Fraud On Ex-Biz Partner
• CSBS Says Its Chief Executive John Ryan Has Died
• 6 Banks And Counting Settle Sibor Price-Fixing Case For $65M
• Musk Threatens To Halt Twitter Deal Over 'Bots' Dispute
• Bain Capital Crypto Names Ex-SEC Atty As Regulatory Head
• Irish Central Bank Strengthens Protection For Consumers
• New CFTC Commissioner Taps Ex-BigLaw Attys As Counsel
• Court Won't Toss Kazakh City's Money Laundering Claims
• Truist Can't Ax Investor's Claims Over COVID-Era Losses
• 9th Circ. Revives FCRA Suit Against Citi Home Lending Unit
• Banco Popular Accused Of Overcharging Overdraft Fees
• Tribal-Owned E-Lender Settles Suit Over 'Predatory' Rates
• BNY Mellon Investors Want Cert. Based On Shared Policy
• Financial Stability Considerations For Bank Merger Analysis
• Forex Investors Fight Credit Suisse Bid To Upend Class Cert.
• Unpacking OFAC's New Russian Accounting Services Ban
• SEC's Gensler Steps Up Calls For Tougher Crypto Regulations
• High Court Rejects Plea To Clarify Alice In Apple Case
• High Court To Hear Case Tied To SEC Judges' Removability
• Goldman Execs To Pay $79.5M To End Shareholder 1MDB Suit
• USAA Scores $218M Win Against PNC In Check Patent Trial
• EU Officials Reach Deal To Strengthen Cybersecurity Rules
• Crypto Meltdown Could Speed Stablecoin Regulations
• Cannabis Roundup: Delaware Senate OKs Decriminalization
• OCC Deputy Stresses Risk Management As Banks Ramp Up AI
• DOL Urged Not To Collect Climate Risk Data From Pensions
• Claims Court Axes Aircraft Co.'s Second Blocked Funds Suit
• Va. Judge Gives Early OK To $500M Tribal Lending Deal
• Real Estate Rumors: Cornerstone, Chetrit, Severn
• Florida Financier Gets 8 Years For 'Brazen' $140M Fraud
• Florida Real Estate Roundup: Eden Multifamily, Nuveen, Pulte
• SEC's Grewal Calls Out Defense Attys For Undue Delays
• New Procedures Deepen CFPB Adjudication Advantage
• Judge Questions Timing Of Trump Challenge To AG Biz Probe
• The Fastest Federal Trial Courts: A Look At Virginia, Florida
• UK Litigation Roundup: Here's What You Missed In London
• Elon Musk Says Twitter Deal On Hold
• Citrin Cooperman, Execs Fined $255K For Alleged Audit Fails
• CFPB Set To Bulk Up Its Enforcement Ranks With New Hiring
• Lawmakers Wary Of Crypto Exchange FTX's Trading Plan
• Fed Sanctions Ex-Deutsche Employee For Salary Bump Ploy
• Sonic's $5.7M Settlement Over Data Breach Gets Judge's OK
• Del. Ch. 7 Settlement Bypass Brings New Sanction Calls
• Corp Group Banking Strikes $24M Deal With Affiliates
• Fintech Firm Slams Calif. Agency's 'Convoluted' Lending Case
• Goldman Again Asks 2nd Circ. To Nix Class Cert. In CDO Case
• Sens. Make Bipartisan Push To Advance SAFE Banking Act
• Seward & Kissel Adds Former Federal Prosecutor In New York
• CFPB Report Is A Warning To Consumer Debt Collectors
• Russia Pushes Back On Ukraine's Move To Seize Its Assets
• Miami's Latest Real Estate Boom May Indicate New Reality
• Tips For Evaluating Machine Learning For Contracts Review
• Powell Confirmed To 2nd Term As Federal Reserve Chair
• Citigroup Names New Chief Compliance Officer
• Judge Tosses BofA Bias Suit And Bid To DQ McGuireWoods
• NJ Bank Leaders Are Immune From Liability Over Lobbying
• Senate Confirms Jefferson As Biden's Newest Fed Governor
• NY Judge Cuts 'Excessive' Atty Fee Sanction For UBS Investor
• CFPB Strikes $11M Deal With Debt-Relief Service Providers
• Foley Adds 11-Year SEC Vet To Securities Team In Chicago
• Investment Banks' Retreat Amplifies SPAC Market Woes
• Fintech Cos., Including Binance, Add Legal, Compliance Execs
• 2 Firms Steer New York Bank's Downsized $27M IPO
• Trump Must Pay $110K Fine To Nix Contempt In NY AG Probe
• What SEC Proposal On SPACs Means For Projection Defenses
• Trump Org. Appraiser Says AG Violated Secrecy Of Deal Talks
• Attys In $41M TD Bank Deal Net Half The Payday They Sought
• JPMorgan, Goldman Face Dem Heat Over Russian Debt Trades
• SEC Asked To Probe Ex-Official's Crypto Statements
• Senate Confirms Lisa Cook, First Black Woman On Fed Board
• Terra Selloff Spotlights Need For Stablecoin Regs, Yellen Says
• In Del. Chancery, A Cautionary Tale Of Hacked M&A Payouts
• How To Efficiently Deploy Your Professional Growth Strategy
• Yellen Says Trump FSOC Designation Guidance Under Review
• BofA Seeks To End NJ Virus Benefit Recipient's Fraud Suit
• NY Mortgage Industry Frets Over Foreclosure Bill 'Tentacles'
• TransUnion Inks $9M FCRA Deal After High Court Remand
• CFPB Says Equal Credit Law Applies Before, After Loans OK'd
• Goldman Pulling Back On SPACs Amid Regulatory Crackdown
• Bank, Customers Reach $2.65M Deal In Transaction Fee Row
• OCC Staff Working On Potential Bank Merger Reforms
• Nonpublic Info Compliance After SEC's Fund Manager Alert
• 5th Circ. Doubts Revival Of CFPB Payday Loan Rules Fight
• Calif. Sheriff Dropped From Cannabis Co. Seizure Suit
• Mayer Brown Nabs Leveraged Finance Pro From Sidley Austin
• US Sanctions Russian Bank Execs, Bans Accounting Services
• A 6-Step Framework For Legal Industry Professional Growth
• 1st Circ. Says Tribes Lack Immunity Under Bankruptcy Code
• Ex-Wells Fargo Adviser Loses 3rd Circ. Fight On $1.6M Award
• Why Contempt May Be Apt Punishment For High Court Leaker
• Wells Fargo Beats Investors' Commercial Loan Suit, For Now
• Florida Real Estate Roundup: Lincoln Rd., JLL, Nakash Family
• Investor Balks At 'Excessive' Atty Fee Request In UBS Case
• SEC Committee Mulls 'TurboTax-Like' Fix For Climate Reports
• Committee Told SEC Proposal Is Further Chilling SPAC Deals
• SEC Fines Nvidia $5.5M Over Crypto Mining Disclosures
• Sezzle Hid Risk Of Bank Overdraft Fees, Proposed Class Says
• Cohen Seglias Lands Burns White Atty For Pittsburgh Office
• Call Center Inks Deal With Workers In Virus Form Time Suit
• Jury Clears Ex-Nomura Trader, Rejects SEC No-Lying Theory
• Baker Donelson Adds McGuireWoods Finance Atty In Atlanta
• IP Updates: E-Filing Grows In US; Payments OK'd For Russia
• Prof. Cleared Of Fraud In China Case, But Is Hit Over Taxes
• IP Forecast: Redfin Heads To Trial Over 3D Patents
• Barclays, Fintech Rival Plaid Settle 'Rise' TM Suit
• Weil Adds 25-Year Securities Veteran From Orrick
• Data-Sharing Claims Against Big Retailers Largely Shelved
• Chicken Buyers Can't Block Settlement Sharing Language
• Ill. Atty In Contempt For Taking Items From Foreclosed Condo
• Citi Investors Can't DQ Judge Married To Cahill Atty
• Jury Mulls If Ex-Nomura Trader's Fibs Amounted To Fraud
• Warren Presses Fidelity On Letting Bitcoin In 401(k) Plans
• CFTC Commish Taps Ex-WilmerHale Atty As Chief Counsel
• Wash. Tells Supreme Court To Leave Bank Tax Alone
• Deals Rumor Mill: Twitter, Roku, Arm
• What Endless Tolling Of Claims Means For NY Litigation
• Pierce Atwood Hires Ex-Cadwalader Bank Regulatory Partner
• Ex-BitMEX CEO Asks For No Prison Time In 'Novel' AML Case
• Clients' Diversity Mandates For Law Firms Are Necessary
• Bank Regulators Join Up To Pitch 'Substantial' CRA Overhaul
• Durbin Defends Dodd-Frank Amendment At Swipe Fee Hearing
• Bank Allowed To Seek Fees For Tossed Foreclosure Suit
• SEC Notifies Companies Of Ukraine Disclosure Obligations
• US Bancorp May Face CFPB Action In Sales Practice Case
• Crowdfunding Portal Overhyped Robot's Skills, FINRA Says
• 3 Financial Market Areas That Need Better Disclosure Regimes
• Kelley Drye Luminary John Callagy Dies At 77
• EDTX Judge Recommends Axing PNC's Alice Defense
• Policyholder Gains In Virus Coverage State Trial Court Suits
• CFPB Fines Bank Of America $10M Over Garnishments
• EU To Ban Russian Oil This Year, Cuts Sberbank From SWIFT
• Ex-Homeland Security Agent Found Guilty In Bribery Scheme
• 4th Circ. Is Warned Of Internet 'Open Season' In FCRA Appeal
• Wells Fargo In Talks To Settle 2 Government Probes
• Jury Finds Producer Guilty In $69M Film Financing Scheme
• Trump Fails To Halt Contempt Fine As Appeal Heads To Panel
• Wells Fargo Accused Of Sending Threatening COBRA Notices
• SEC Intensifies Crypto Crackdown With Beefed-Up Team
• Complying With The US Ban On Russian-Affiliated Vessels
• Ex-BofA Analyst Says Co. Axed Child Care Benefits, Fired Her
• 11th Circ. Punts On Immunity Issue In $350M Laundering Case
• Madoff Trustee Can Revive $265M Clawback Claim
• Wagner Law Lures ERISA Expert Back From BNY Mellon
• 5 Questions That Can Help Law Firms Win RFPs
• German Authorities Search Morgan Stanley In Cum-Ex Probe
• 5th Circ. Punts Question Of CFPB Budget Constitutionality
• Trump Calls $10K-A-Day Fine 'Unconscionable' In Appeal
• Credit Suisse, 5 Others Settle Australian Forex Rigging Suit
• Credit Suisse Faces Investor Suit Over Russia Business Ties
• SEC, NY Adviser Strike $800K Deal Over Short Sale Blunders
• Broker-Dealer To Pay SEC $694K To End 'Naked' Shorting Suit
• 2nd Circ. Affirms Trader's Forex-Rigging Conviction
• CFPB Report Flags Auto Servicing, Credit Reporting Issues
• Vanguard Accused Of Sparking Big Tax Bills For Investors
• Credit Agricole, Investors Ink $55M Deal In Rate Rigging Case
• Latham Can Drop Sanctioned Russian Bank As Client
• German Court Rejects Challenge To $185M Cum-Ex Seizure
• JPMorgan Says VP's Poor Work, Bad Behavior Led To Firing
• How Law Firms Can Employ More Veterans