Banking Archive » June, 2022

Banking - June, 2022

305 articles

• Ex-Hedge Fund Star Awarded $52M In Defamation Arbitration
• Treasury's OFAC Blocks $1B In Russian Oligarch's Trust
• We're Not All Textualists Now, Kagan Warns In Climate Dissent
• Grayscale Sues SEC After It Rejects Another Bitcoin ETF
• Fla. Payday Lender To Pay $39M In SEC Investment Fraud Suit
• CFPB Scraps Earned-Wage Access Co.'s 'Sandbox' Approval
• FINRA Fines Barclays $2.8M Over Disclosure Issues
• Deutsche, NatWest Eye Deals Worth $34M In Swiss Libor Case
• Real Estate Rumors: Divya Patel, Barren County, Prologis
• Judge Trims UBS Client's Suit Over Bond Tax Reporting
• CFPB Says ArentFox Can't Drop Bond Co. Client Facing Suit
• CFPB, NY Drop NFL Player Claims From Legal Funder Suit
• 5 Tips For Meeting DOJ's New CCO Certification Requirements
• 2nd Circ. Says Goldman's ERISA Class Challenge Is Premature
• Deals Rumor Mill: FTX, Musk, BC Partners
• Ethics Considerations For Attorneys Joining Nonprofit Boards
• Credit Reporting Agencies Hit With Suit Over Faulty Reports
• Trustee Looks To Claw Back $1.4M In Kossoff Firm's Ch. 7
• Global Standards Setter Proposes New Crypto-Regulation
• Mortgage Co. Hits Ch. 11 With $500M Debt After Layoffs
• Wells Fargo Faces Top Dem's Wrath, Investor Suit Over Hiring
• Judge Won't Pause Laos' Suit Over Failed Casino Venture
• Monaco Bank Seeks Redo On $92M Racketeering Suit
• UBS Strikes $25M Deal With SEC Over Alleged Trading Fraud
• Trump No Longer In Contempt In NY AG's Fraud Probe
• Senators Say KC Fed Still Stonewalling On Master Accounts
• Fintech Lender Wants Texas Usury Suit Sent To Arbitration
• Firm Says $10M Malpractice, Racial Bias Claims Filed Too Late
• Gov't Agencies Face Diverse Fallout From 5th Circ. SEC Case
• CFPB Warns Debt Collectors About 'Pay-To-Pay' Fees
• Lowenstein Sandler Finds No Impropriety In FINRA Arbitration
• SL Green Wants Assets Pinned Down In $185M Award Fight
• CFPB Urged To Scrap Anti-Bias Revamp Of Exam Manual
• FTC Claims Walmart Facilitated $197M Money Transfer Fraud
• Wells Fargo Escapes Suit Over Alleged Zelle Scams, For Now
• Davis Polk Brings On Ex-Cooley Capital Markets Partner
• Tribal Lending Biz's RICO Claims Are Overblown, Fintech Says
• Payroll Firm Flexible Funding OK'd For Ch. 11 Liquidation
• NYC Office Tower Ch. 11 Shines Light On Blocking Provisions
• CFPB Says States Can Write Stricter Credit Reporting Laws
• WilmerHale Recruits NY Fed's Legal Chief
• Feds Ask For Vigilance On Russian Export Sanctions
• Citi Beats UN Fund Manager's 'Fanciful' €10B Suit
• Paul Hastings Leads $2.4B Blackstone, Sixth Street Sale
• Fla. Consumer Tells Jury Experian Ran Afoul Of FCRA
• Gold Price-Fixing Deal Could Imperil Other Claims, Court Told
• Ex-Trump Official, Philadelphia Atty Must Face Fraud Claims
• Stanford International Chairman Seeks Ax Of SEC Ponzi Suit
• Justices Reject Suits Over Banks' Onus In Terror Funding
• Sustainability Group Sees 'Clear' US Progress On Climate Risk
• 5th Circ. Ruling Signals Judicial Shift On SEC Admin Process
• Fed Bans Golden Pacific Bancorp Affiliate From Bank Industry
• 2nd Circuit Backs $100M Loan Default Ruling In UBS Suit
• Bankruptcy Case Is Reminder On Collateral Ownership Issue
• Ex-Consumer Financial Protection Bureau Atty Joins Orrick
• NY AG Says Trump Satisfied Order That Prompted Contempt
• Calif. Bank & Trust To Pay $14M To End Claims It Aided Scam
• Bristol-Myers Can't Dodge Celgene Investors' Drug Delay Suit
• Disney, Other Cos. Pledge To Cover Workers' Abortion Travel
• Bank Groups Worry ESG Proposals Are 'Anything But Neutral'
• Mortgage Lender Seeks Win In FHA Whistleblower Fraud Suit
• Brand Battles: Coachella Seeks To Shut Down 'Moechella' TM
• Real Estate Rumors: Santander, Moinian, Physicians Realty
• OCC's Veteran Examiner And Ex-Acting Chief To Retire
• Advising A Cannabis Business Amid Patchwork Of Regs
• PNC Gets Trims In Calif. Man's Suit Over Fraudulent Transfer
• Akerman Brings On Ex-CFPB Senior Counsel To DC Office
• Now's The Time To Address Archaic Law School Curricula
• 11th Circ. Gives Berkshire Split Ruling In $4M Coverage Case
• UK Litigation Roundup: Here's What You Missed In London
• Supreme Court Overturns Roe v. Wade
• Pelosi, JPMorgan Beat Suit Over Docs Used In Jan. 6 Probe
• Ex-UBS Adviser Gets 6 Years For Stealing $6M From Clients
• Biden Admin. To Cancel An Additional $6B In Student Debt
• Tribal Co. Says It Was Used As 'Front' For Loan Operations
• Big Banks Get Good Marks In Fed's Latest Stress Tests
• 2nd Circ. Says Argentina Bond Recovery Claims Are Too Late
• OCC Warns Of Bank Compliance Staffing Woes In Risk Report
• SEC Upholds FINRA Decision To Bar Broker For Alleged Fraud
• Deals Rumor Mill: Tianqi, Toshiba, Kohl's
• Determining Interest Rate Floors With Transition To SOFR
• New Pot Banking Bill Introduced As SAFE Banking Act Falters
• Creditors Seek Involuntary Ch. 11 For Mexico Payday Lender
• Rising Star: Sullivan & Cromwell's Michelle Chen
• FINRA, Fla. Firm Strike $9M Deal Over Manipulation Claims
• Lessons From Lawyer Fee-Sharing Agreements Gone Wrong
• Whistleblowing Citibank Analyst Denied Share Of $400M Fine
• Navy Federal Wants Zelle Scam Suit Kept In Federal Court
• Bank Groups Urge FDIC To Revive Supervisory Appeals Office
• SEC's Regulatory Priorities Draw Rebuke From Peirce
• SEC's Proposed SPAC Crackdown Meets Industry Resistance
• BlackRock Asks SEC To Rethink Climate Risk Reporting Plan
• LeClairRyan Bankruptcy Highlights Pass-Through Tax Issue
• DOJ Official Confirms CCO Certs. Are New Settlement Staple
• Firms Say $6M Fee Bid For Schwab Suit Deal Is 'Reasonable'
• SEC Crypto Unit Expansion Is A Warning To Industry
• Rising Star: Steptoe & Johnson's Elizabeth Cassady
• Stephenson Harwood Hires Disputes Pro From Latham
• CFPB Eyes Rulemaking To Restrain Credit Card Late Fees
• GAO Warns US Gov't About 'Catastrophic' Cyber Risk
• GAO Says Comptroller Could Improve Fair Lending Oversight
• Ex-Amazon Coder Convicted Over Capital One Data Breach
• Brazilian Meat Co. Shareholder Defends Probe Into 'Illicit' Acts
• Mitchell Sandler Taps OCC, Cannabis Banking Pro As Partner
• BlockFi Nabs $250M Credit Facility Amid Crypto Turmoil
• A Robust Tool For Defending Against Illinois Biometric Suits
• 8 Steps To Creating A Legal Ops Technology Road Map
• 2 Years Since Liu, Disgorgement Case Law Is Favoring SEC
• Catching Up With Delaware's Chancery Court
• Rising Star: Latham's Nicole Fanjul
• Twitter Board Unanimously Backs Musk's $44B Purchase Bid
• High Court Won't Hear Challenge To SEC 'Gag Orders'
• Justices To Weigh Foreign Account Tax Penalty Limits
• War, Economic Jitters Cloud UK Hopes For IPO Recovery
• Will BigLaw Regret Its Hiring Spree As The Economy Softens?
• The Law360 400: Tracking The Largest US Law Firms
• Wells Fargo To Pay $3.75M In Ponzi Scheme Class Settlement
• EU Extends Crimean Annexation Sanctions By Another Year
• SEC Climate Plan Debate Rages On As Comment Period Ends
• Costco Reaches Deal With Creditors, Banks In Swipe Fee MDL
• 5th Circ. Remands Deutsche Bank Borrower's Collection Suit
• Fintech Co. Sued Over Withheld Consumer Reports
• CFPB To Give Credit Card, Mortgage Rules 'Fresh Look'
• 1st Circ. Reverses Bank's Foreclosure Win On Judge's Error
• Fed Says Recent Turbulence Highlights Stablecoin 'Fragility'
• Latest SPAC Trends Point To Risk Of Negative Outcomes
• Malta Arb. Outside Reach Of Discovery Tool, Court Hears
• An Early Step Toward Regulation Of Carbon Offset Market
• Calif. Privacy Agency Signals Strength With Rules Proposal
• State Farm, Ohio Firms Beat Lender's Fraud Suit At 6th Circ.
• Rising Star: Davis Polk's Vanessa Jackson
• Man Convicted Of PPP Fraud Handed 39-Month Prison Term
• Sberbank Developing SWIFT Alternative After Ban
• UK Litigation Roundup: Here's What You Missed In London
• 5th Circ. Nixes Citigroup Unit's Win In Foreclosure Suit
• Senate Confirms Biden's 2 Nominees To Fill Out SEC
• Icahn-Related Funds Say Servicer Hid $62M Trust Losses
• 7th Circ. Says Debt Owner Missed Chance For Eatery's Deed
• Cushman Can't Halt NY AG's Subpoenas In Trump Probe
• Sporting Goods Biz Owner Hid Foreign Accounts, Feds Say
• The Importance Of Data And Data Analysis In Litigation
• CFPB Lays Out Overdraft Metrics To Guide Its Bank Scrutiny
• CFPB Wants Buy-Now, Pay-Later Info In Credit Reports
• 6th Circ. Axes Debt Collector's Victory In Spousal Liability Suit
• Senate Bill Could Be A Sea Change For Crypto Regulation
• Chinese Billionaire Denied Ch. 11 Exit With Yacht On The Way
• 2nd Circ. Affirms Bank's Win Over Fish Farm's Claims
• BitMEX Co-Founder Avoids Prison In Bank Secrecy Act Case
• Dems Want TD Bank Deal Put On Ice Over 'Abusive Practices'
• BlockFi Can't Move Crypto Loan Suit Out Of Calif., Panel Says
• 6th Circ. Denies Class Cert. In Ohio Tax Foreclosure Case
• 'Whiff' Of Corruption Too Little To Trigger Banks' Fraud Duty
• 5th Circ. Revives $27M Oil Royalties Suit Over Bank's Mistake
• Corp Group Banking Gets Nod On Ch. 11 Plan With Releases
• FinCEN No-Action Plan May Spur Crypto Innovation, In Theory
• CFPB Official Flags 'Rent-A-Bank' Consumer Loan Concerns
• Debt Co. Asks 11th Circ. To Undo Fault Finding For False Bills
• SEC's Tighter Rules For SPACs Panned At Conference
• White & Case Adds Partners From Kirkland, Loeb & Loeb
• Cleary Notes Off-Limits In Ex-Citi Trader's Forex Probe Suit
• Consumers Seek $8M In Atty Fees In Payday Lending Case
• SEC Says Rochester, NY, Misled Investors In $119M Bond
• Bank Must Face Insurer's $1.5M Fund Sweeping Suit
• Ex-Robinhood Crypto Compliance Chief Joins NJ Fintech Firm
• Trumps Must Face NY AG's Fraud Questions, Court Says
• AG Sticks Up For NY Rate Cut Law In Credit Unions' Suit
• Developer Pleads Guilty To Role In $31M Bank Embezzlement
• Takeaways From 1st Circ.'s Tribal Sovereign Immunity Ruling
• JPMorgan Chase, Texas Doctor Settle Racial Bias Suit
• Ozy Media YouTube Exec Impersonation Suit Axed, For Now
• Turnover Provision Ruling Is Warning For Junior Creditors
• CFTC Commish Says Agency Wouldn't Go Easy On Crypto
• GrayRobinson Adds Litigator In Fort Lauderdale
• Law Firm Can't Get Fees Under Oral Deal With Ex-Bank CEO
• Steps Companies Can Take To Mitigate Privilege Labeling Risk
• Cannabis Co., Investors Want Out Of $4M Loan Breach Suit
• Alston & Bird Adds Hodgson Russ, McGuireWoods Attys
• Rakoff Says Deutsche Bank Must Face Suit Over Epstein Ties
• Tales From The Crypto Bill 2: From Fees To State Licensees
• 6th Circ. Denies Bank Exec's Bid To Review FDIC Penalties
• Binance Hit With Investor Suit Over Terra Stablecoin Collapse
• Wells Fargo Hits Back At Racist Lending Practices Claims
• LoanMe Sues Loan Service Contractor In Del. Superior Court
• Catching Up With Delaware's Chancery Court
• What Stablecoins Are And Aren't: Lessons For Crypto Industry
• Finance Company Claims Georgia Rival's GC Defamed It
• Schwab To Pay $187M In SEC Deal Over Robo-Adviser Conflict
• Supreme Court Lets Ruling Overturning PHH Sanctions Stand
• BofA Customers Seek OK Of $8M Overdraft Fees Deal
• Tales From The Crypto Bill: From Cyber Risks To Sandboxes
• Critics Of SEC Data Breach Rules Question 4-Day Deadline
• Essex Court Adds Corporate Lawyer From South Square
• What Litigation Funding Disclosure In Delaware May Look Like
• Treasury Voices Discontent Over Foreign Currency Moves
• NJ Businesswomen Ran Illegal Check Cashing Biz, Feds Say
• UK Litigation Roundup: Here's What You Missed In London
• Davis Wright Tremaine To Combine With 44-Atty McGonigle
• FINRA Fraud Claim 'Flailing Around The Edges,' Court Told
• Charles Schwab Robo-Adviser Class Action Dismissed
• Foreign Investor Pulls Suit Over Feds' EB-5 Visa Delay
• Rep. Perlmutter Says He Has A 'Plan B' For Pot Banking Bill
• Iraqi Telecom Asks 2nd Circ. For $42M Lebanon Bank Freeze
• CFPB To Examine Deals That Charge Workers For Training
• NY Decision Does Not Mean The End Of RMBS Litigation
• Dissenting Judges Call FDCPA 'Largely Neutered' In 7th Circ.
• Deals Rumor Mill: Ant Group, SpaceX, Goldman
• NY Law Firm Can't Escape Suit Over Soured $30M Loan
• Ga. Judge's Bank Stock Prompts Recusal In Loan Default Row
• 3 Firms Guide Fintech Backbase's PE Raise Of €120M
• Loan Workout Group Debuts At Cullen And Dykman
• Gibson Dunn M&A Co-Chair Joins Paul Hastings In NY
• Navy Federal Seeks Ax Of Consumers' Zelle Scam Risk Claims
• Mayer Brown Revs Up Finance Group Growth With 2 Laterals
• Reed Smith Litigator Joins Jackson Walker In Houston
• Trump Kept In Contempt Limbo, Will Testify In July
• NY Tackles Reserves, Redemption In Stablecoin Guidance
• Victims Press Justices To Hear Bank Terror Financing Case
• SEC's Gensler Previews Potential Equity Market Shakeups
• Senators Advance Biden's Fed Supervision, SEC Nominees
• Bank Says Ga. Contractor Stiffed Subcontractor Out Of $1.9M
• Convicted Ill. Judge Should Be Disbarred, Review Panel Finds
• Tracking CFPB Efforts To Promote State Enforcement Action
• Albright Finds IPR Contradictions Tank Suit Against Meta
• Ropes & Gray Adds Ex-DOJ Compliance Pro To Analytics Unit
• Judge's Stock Conflict Didn't Hurt Investors, Banks Tell Court
• CFTC Chief Says Crypto Bill Gets Regulatory Balance Right
• Frustration, Hot Job Market Drive Some Senior Exits At SEC
• How 2 High Court Cases Could Affect Gov't Admin Actions
• Cannabis Biz Lender Inks $5M Loan To Mass. Pot Cultivator
• Stablecoin Legal Risks To Consider In Light Of Terra Collapse
• Fidelity Bonds Must Cover Embezzlement, Credit Union Says
• Better.com Duped Investors To Keep SPAC Deal, Ex-Exec Says
• Senate Crypto Bill Eyes Bigger Role For CFTC
• 11th Circ. Sends PNC Bank Negligence Case To Arbitration
• Crypto Bank Sues Fed Over 'Kafkaesque' Account Delay
• DOJ Taps Hewlett Packard Compliance Chief For Fraud Unit
• Feds Want 2 Years For Ill. Politician Who's Seeking Probation
• 9th Circ. Will Rehear Payday Lending Case En Banc
• Scope Of Russia's New Blocking Sanctions Is Unclear
• DOJ Urges Int'l Coordination To Combat Crypto Crime
• Senators Propose Long-Awaited Crypto Regulatory Overhaul
• 'Chrisley Knows Best' Stars Convicted In Bank Loan Scheme
• Real Estate Rumors: Shvo, Morgan Stanley, GL Homes
• Jones Day, Dechert Rep In Payments Co.'s $100M Divestment
• Wells Fargo Beats Class Claims In NJ Over Inspection Fees
• CDOs Fight US Bank's Bid To Dismiss $100M Suit
• Brazilian Meat Tycoons Fight Minority Shareholder's Doc Bid
• Judge Approves $5.1M Atty Fee In JPMorgan Spoofing Case
• SEC's ESG Fund Plan Called 'Very Weird,' Too Prescriptive
• 3rd Circ. Affirms Professor's FBAR Penalties
• Businessman Asks Idaho Court To Pause Laos Casino Fight
• Taking A Long-Term View On Russia's Patent Landscape
• What To Expect From CFPB's Entry Into Cryptocurrency Arena
• How In-House Legal Leaders Can Drive Corporate Growth
• Md. Bank Settling Claims That Led To GC's Bar From Industry
• Cravath To Open DC Office With Former FDIC, SEC Heads
• Musk Steps Up Threats To Cancel Twitter Acquisition
• Credit One Sanctioned For Lengthy, Willful Discovery Failures
• CFPB Plan To Expand Nonbank Exams Stirs Bank Jitters
• Judge OKs Aluminum Antitrust Deal With JPMorgan, Goldman
• CFTC Commish Warns Of 'Mission Creep' In Climate Query
• 3rd Circ. Ruling Hints At Limits To Employers' High Court Win
• Ex-Georgia Clerk Gets 12 Years For Stealing Over $6M
• SEC To Require That More Documents Be Filed Electronically
• FTC Defends $5.2M Restitution Revival At 7th Circ.
• Community Bank Wants $2.7M As Pa. Construction Co. Closes
• BofA Seeks Atty Fees After Winning FHA Lending Bias Suit
• Twitter-Musk Deal Clears US Antitrust Hurdle
• Attorneys Should Tread Carefully On Job Counteroffers
• Capital One Faces Class Action Over Zelle Fraud Schemes
• PNC ERISA Fee Suit Heads To Mediation
• Dollar Bank Can't Duck Suit Over Failing To Flag $4.3M Scam
• Suspect In Dividend Case Arrested In Dubai, Denmark Says
• Fintech Lender OppFi Hit With Class Action Over Texas Loans
• DACA Recipient Sues Credit Union Over Denied Loan App
• IPOs Remain Muted As Lawyers Watch For Signs Of Activity
• Wells Fargo Hit With Class Action Over Alleged Zelle Scams
• Financial Cos. Should Expect More Cyber-Related Litigation
• SEC Climate Plan Chills Free Speech, Law Professor Says
• Biden Unveils Suite Of New Sanctions To Squeeze Russia
• Merrill Dodges FINRA Fine But Must Repay Customers $15M
• Ga. Telecom Co., Investment Banker Agree To End $2M Suit
• 1st Case In Expansive Mobile App IP Litigation Burns Out Fast
• The Future Of Legal Ops: Time To Get Serious About Data
• Justices Combine Briefs For Suits Over SEC, FTC Legitimacy
• FINRA Fines SunTrust Unit $1.25M Over Trade Volume Hype
• NY Firm Phillips Lytle Expands With 6 New Attys
• Shartsis Friese Welcomes Ex-Cargill Atty To Tax Team
• Deals Rumor Mill: Glencore, Goldman, FTX, Saudi Aramco
• Buckley Financial Services Team Moves To Paul Hastings
• CFPB Should Stay In Own Lane On Mergers, Bank Groups Say
• Biden Admin Cancels $5.8B In Debt For Corinthian Students
• Archegos Boss Assails Feds' Market Manipulation Theory
• Banks Urge Terrorism Finance Suit To Be Tossed
• Calif. Agency Wants Input On Potential Crypto Regulation
• MLB Targets Broadcaster's NY Assets In $6M Award Fight
• Lessons From Recent FINRA Actions Against Funding Portals
• CitiMortgage Urges 9th Circ. To Undo Revival Of FCRA Suit
• Fed. Circ. Says No To 'Lehman Brothers' TM On Whiskey
• Wells Fargo, BlockFi Hit With Suit Over Identity Theft Scam
• Readying Cybersecurity Protocols For The Quantum Age
• Calif. Order May Change Crypto Activity Registration
• PayPal Atty Joins Western Union As Chief Legal Officer
• Willkie Adds Ex-Natixis Atty As Finance Partner In NY
• Linklaters Adds Ex-Morgan Lewis Financial Pro In DC