Banking Archive » August, 2022

Banking - August, 2022

288 articles

• BofA, Wells Fargo, TD Bank Can't Duck TelexFree Claims
• Laos Ditches Suit Over Failed Casino Venture, For Now
• Calif. Borrowers Get $300K To Drop Tribe-Linked Usury Suit
• Real Estate Rumors: Kriss Capital, Goldman, RXR
• Solicitor General Asks Justices To Skip Ch. 13 Dismissal Fight
• Rep. Presses Fed Agencies, Crypto Cos. On Fraud Prevention
• Expect Fundraising Market To Grow More Competitive
• 3rd Circ. Won't Revive Suit Over Banking IP Challenge
• DOJ Says FDIC Chair Can't Block Agency's Board Majority
• Fed. Circ. Urged To Ax Cigna Win In Payment IP Suit
• ABA Stance On Role Of Nonlawyers Is Too Black And White
• KeyBank Faces Proposed Class Action Over Data Breach
• Lone Star Wins $216M In Long-Running Fight With S. Korea
• J.P. Morgan German Office Searched Amid Tax Fraud Probe
• SEC Says NC Insurance Execs Stole $75M From Clients
• Reps. Probe Fintech Co. On 'Buy Now, Pay Later' Gun Sales
• PHH Mortgage Settles Suit Over Hurricane Damage Payouts
• 4 Firms Vie To Lead Wells Fargo Investor Suit Over Hiring
• Fla. Man Says Wells Fargo Added Surprise Legal Fees To Loan
• Harnessing The Power Of Big Data In Litigation
• What CFPB, FTC Data Security Crackdown Means For Cos.
• Walmart Slams FTC's Money Transfer Suit As Gov't Overreach
• Mortgage Borrower, BofA Agree To Drop Escrow Suit
• How Law Firm Operations Can Adjust To New COVID Realities
• Judge Says RICO Accuser Owes Banks $250K In Atty Fees
• 5th Circ. Questions Challenge To Nasdaq Board Diversity Rule
• Navy Federal Shouldn't Escape Zelle Fraud Suit, Member Says
• Goldman Sees Less Risk Of Delistings After US-China Deal
• Class Settlement In TD Bank Credit Card Row Gets Initial OK
• Cooperator In Failed $500M Fraud Case Enters Reduced Plea
• AML Takeaways From Watchdog's Real Estate Guidance
• Commonwealth Financial Hires Deputy GC, Privacy Chief
• The Brewing Legal Fight Over Biden's Debt Cancellation
• 5th Circ. To Scope SEC Agenda In Nasdaq Diversity Rule Fight
• Whistleblower Attorneys Cheer SEC's Tipster Rule Reboot
• 11th Circ. Revives Family's ID Theft Suit Against BB&T
• Credit Suisse Says Gender Bias Case No Help For Forex Class
• Law Of The Case Is More Nuanced Than You May Think
• Don't Miss It: Skadden, Kirkland Guide Week's Hot Deals
• Sherin And Lodgen Hires Real Estate Attorney In Boston
• 'Chrisley Knows Best' Stars Say Fraud Trial Was 'Unfair'
• Investor Convicted Of Helping Official Cheat Quicken Loans
• UK Litigation Roundup: Here's What You Missed In London
• US, China Complete Audit Deal, But 'True Test' Lies Ahead
• SEC Finalizes Exec Comp Disclosure Rule After 12-Year Wait
• 3rd Circ. Says Bankruptcy Court Can Hear Mesabi Fee Fight
• AmEx Threatened With Sanctions In Kossoff Firm Bankruptcy
• Alliant Calls 'Dreamers' A Loan Risk In Bid To Nix Bias Suit
• Bancorp, SEC Cut $1.8M Deal Over Loan Disclosures Issues
• Engage Associates At Orientation With Thoughtful Activities
• Coinbase Faces Class Action Over Hacked Account Response
• Justices Urged To Ax Harsher Foreign Account Tax Penalties
• SEC Warns Municipal Advisers About Disclosures Failures
• HNA Group To Appeal $185M Park Ave. Skyscraper Award
• Fla. Gov. Bars ESG Investments By State Pension
• AmEx Illegally Favors Black Workers, White Ex-Manager Says
• Western Union's COVID-19 Coverage Bid Ends With Exclusion
• Calif. Bank's Bid For Poaching Suit Coverage Partially Tossed
• Small IPOs Buck Trends In An Otherwise Cold Market
• 2nd Circ. Erred In Requiring Retaliatory Intent In SOX Claim
• UnitedHealth Kept Dud 401(k) Suite For Wells Fargo, Suit Says
• Germany To Set Up Federal Financial Crime Unit
• HSBC Exec Claims She Faced Racial Bias And Retaliation
• A Federal Data Privacy Law Is The Disaster We Urgently Need
• Cash App, Block Face Proposed Data Breach Class Action
• Allen & Overy Nears Settlement In Fee Fight With Crypto Exec
• Consumer Financial Digital Marketing In CFPB's Crosshairs
• Voyager Pushes Back Ch. 11 Sale, Gets OK For Bonus Pay
• The Cruciality Of Building Client Intimacy Ahead Of Recession
• Bank Gets Control In Union Station Foreclosure, For Now
• Payment App's Shares Surge After 2 Firms Guide $20M IPO
• GOP Rep. Questions Treasury On Tornado Cash Sanctions
• Celsius Says Ex-Biz Partner Stole Millions In Crypto
• Feds Say Crypto Buyers Conned Banks Into Refunding $4M
• Surety Co. Says Feds Took Too Long To Collect Garlic Duties
• How To Win Over Bench Trial Judges Post-COVID
• Paul Weiss Adds 2 Litigation Partners From Winston Strawn
• BofA Misled Small Cos. On PPP Loan Forgiveness, Suit Says
• Robinhood's $20M Deal Over Data Breach Gets Initial OK
• Goldman Sachs' Gender Bias Suit Gets Class Restriction
• These Firms Have The Most Women In Equity Partnerships
• UBS Tipster Wants 2nd Circ. To Revisit $1M Retaliation Award
• Ex-Merrill Lynch Traders' Market Fraud Convictions Stick
• Goldman Directors To Revise Pay Suit Deal After Remand
• Crypto Money Transmitters Must Beware Regulatory Scrutiny
• A Cautionary Tale On Diversity Jurisdiction From The 6th Circ.
• Banking Orgs Decry CFPB's 'Unfair' Customer Service Query
• Catching Up With Delaware's Chancery Court
• DOL Asks Court To Kill Industry Group's ERISA Guidance Suit
• A Deep Dive Into The Glass Ceiling Report: Women In Law
• Wells Fargo Botched Contract With Oil Giant, Judge Says
• FDIC Targets FTX, 4 Sites For Claims About Deposit Insurance
• Gilstrap Won't Save PNC From $218M USAA Patent Loss
• BofA Hit With Proposed Class Action Over Card Fraud Policy
• 3 Firms Want $47M For Landing Forex Rigging Deals
• CFPB Says Jack Dorsey's Block 'Slow-Walking' Doc Demands
• Treasury Thins Out Narcotics And Organized Crime Blacklist
• FDIC Can Seek $3M From Lloyd's, 11th Circ. Says In Reversal
• FDIC Warns Banks About Risks Tied To Bounced Check Fees
• Bank Says It Had No Duty To Police Customer In Ponzi Case
• Pa. Bank Names Finance Veteran As General Counsel
• Wilmington Trust Seeks $3.5M Award After Del. Trial Win
• Cooperator In Failed $500M Fraud Case Asks To Nix Plea
• UK Litigation Roundup: Here's What You Missed In London
• Scholz Faces Calls To Open Up Ahead Of Cum-Ex Testimony
• Citi Fined £12.5M In UK For Late Market Abuse Controls
• Black Couple Says 'Whitewashed' Home Got Higher Appraisal
• OCC Fines Ex-CEO Of Rabobank Over Withheld AML Report
• Equifax Hit With Ill. Suit Over Sending Incorrect Credit Scores
• Simpson Thacher, Davis Polk Steer $547M Fintech SPAC Deal
• Debt Collector Asks Fla. Judge To Nix Collection Letter Suit
• Oppenheimer Escapes $110M Ponzi Scheme Suit, For Now
• New Mich. Rent Law Improves Borrower-Lender Relationships
• Lender Used Tribe To Charge Nearly 800% Interest, Suit Says
• Jackson Lands Another Lincoln Financial Atty For Legal Team
• Long Island Woman Stole $4 Million From Employer, Feds Say
• Chancery Court Fast-Tracks Lottery.com's $16.5M Suit
• ANZ Banking Group Raises AU$1.2B To Buy Aussie Lender
• Fed Says Crypto Bank Can't Sue Its Way To Account Decision
• SF Official Asked Investor To Lie On Loan Doc, Jury Told
• Wells Fargo Can't Get Paid In 'Elaborate' Insurance Scheme
• Trustco Bank Can't Beat Customer's Overdraft Fee Suit
• DC Circ. Reinstates Iran Terror Victims' Funds Request
• SEC Asked To Ease Up On 'Costly' ESG Plan For Funds
• Keeping Capital Finders In Step With SEC Broker Regulations
• FDIC Grilled On Claims Of Anti-Crypto Pressure On Banks
• The 10 Fixes Equity Advocates Want To See In SAFE Banking
• Trump Associate Trades Legal Blows With Ky. Gov. Hopeful
• NY AG Settles With Landlord Accused Of Blacklisting Tenants
• Borrowers Counsel Get $8.2M Fees In Payday Lender Suit
• DC Circ. Orders SEC To Review FINRA Bond Reporting Plan
• EagleBank To Pay $22.9M To Settle SEC, Fed Reserve Actions
• 'Uber Files' Leaked To The Guardian Prompt Investor Suit
• FTC Gets Backing In High Court Constitutionality Case
• Wells Fargo Investors Nab Cert. In Auto Insurance Suit
• Warburg Pincus-Owned Lender Fleeced Borrowers, States Say
• Del. Court Reverses Goldman Sachs Pay Suit Settlement
• Fed Says Banks Should Notify It Before Dipping Into Crypto
• PayPal Gets Albright To Ax Management Tech Patent Row
• Trump Urges 2nd Circ. To Revive Challenge To NY Biz Probe
• Investor Helped SF Official Cheat Quicken Loans, Jury Told
• Ex-House Rep. TJ Cox Arrested On Fraud Charges In Calif.
• Coinbase Slapped With Suit Over Inadequate Account Security
• 9th Circ. Remands $10M Morgan Stanley Expenses Deal
• What FinCEN Elder Abuse Advisory Means For Finance Cos.
• What Litigators Can Really Learn From Rambo
• Scholz Not Suspected Of Cum-Ex Misdeeds, Prosecutors Say
• Ex-CFTC Commish Joins Crypto Risk Firm Solidus
• Law Firm Not Subject To Consumer Loan Law, Md. Court Says
• Citi Wants To Be Revlon Creditor Over $500M Wire Mistake
• Wall Street Giants Deny Insider Trading In Archegos Blowup
• Boy Scouts Nix $250M Mormon Church Deal From Ch. 11 Plan
• Santander US Holding Sued In Del. After $2.5B Squeeze-out
• 2nd Circ. Vacates $1.5B Order In Family's Case Against Iran
• Pa. Court Allows Woman To Retry Fall Suit After Missing Trial
• Applying Anti-Money Laundering Practices To NFT Market
• Catching Up With Delaware's Chancery Court
• Attorneys Should Note Judges' Financial Conflicts Of Interest
• Calculating FTC Section 19 Monetary Relief After AMG
• King & Spalding Brings Aboard Ex-WilmerHale Partner In NY
• Senate Cannabis Bill May Give Some Cos. A Competitive Edge
• Credit Suisse, Investor Spar Over Who Leads Oligarch Suit
• CFTC Adopts Swaps Clearing Changes In Prep For Libor's End
• BofA Beats Suit Over Md. Unemployment Benefits Cards
• 3 Issues To Watch In DOL's Transaction Waiver Proposal
• Pa. Cannabis Banking Law Won't Allay Finance Industry Fears
• A Law Firm's Guide To Avoiding Client Conflicts
• Trump Warrant Shows Espionage, Obstruction Investigation
• Voyager Looks To Pause Canadian Class Action Amid Ch. 11
• Real Estate Rumors: Shop Fresh, Navarro, Hivemind
• 5 State-Owned Chinese Cos. To Delist From NYSE
• UK Litigation Roundup: Here's What You Missed In London
• Feds Aim For More Insight On Hacks With Maze Of Policies
• 9th Circ. Revives Ex-Wells Fargo Worker's $400K Damages
• SEC Sues Utah Securities Firm Over $54M Client Asset Move
• Ex-Wells Fargo Risk Exec Joins Texas Capital Bank
• Quinn Emanuel Hit With $250M Suit Over Loan Fight Loss
• Minn. Atty Cops To Masking Assets In Client's Ch. 7
• First Guaranty Resolves Fight Over $1.55M In Ch. 11 Bonuses
• Fredrikson & Byron Hires Real Estate Attorney
• CFPB Says Firms With Lax Data Security Could Face Its Wrath
• Ex-Credit Suisse Banker Avoids Jail In $2B Mozambique Case
• Guarding Consumer Financial Data As Federal Scrutiny Grows
• Understanding DC Circ.'s Agency Rule Withdrawal Debate
• Garland Defends FBI, Moves To Unseal Trump Search Warrant
• McGlinchey Brings On Ex-PennyMac Assistant GC In Calif.
• Deals Rumor Mill: CVS, PAI Partners, London Heathrow Airport
• Ill. Lender Says CFPB Redlining Suit Violates 1st Amendment
• CFPB Puts Big Tech On Notice Over Digital Marketing
• Rep. Waters Urges CFPB 'Moratorium' On Equifax Scores
• Warren Leads Dem Call For OCC To Yank Its Crypto Guidance
• A Look At 2 Frameworks For Decarbonizing Heavy Industry
• Endo Teeters On The Edge, Revlon Equity Committee Sought
• Royal Bank Of Canada Settles Ex-VP's Tax Tipster Suit
• Considerations For Associates As Lateral Hiring Cools Down
• JPMorgan Traders Guilty Of Spoofing But Beat RICO Charges
• Chinese Esports Streamer Gets OK For $15M Deal Over IPO
• Sidley Austin Adds Private Equity, M&A Partner To NY Office
• Nelson Mullins Boosts Real Estate Group With Ex-MetLife Atty
• Lending Tree Left User Data Exposed To Hack, Suit Says
• CFPB Fines Fintech $2.7M Over 'Faulty' Savings Algorithm
• Northern Trust Can't Sink Suit Over Massive 401(k) Plan
• Trump Pleads 5th In NY AG's Fraud Probe
• CFPB Says Justices' EPA Ruling No Help To Chicago Lender
• Judge Grants Attys' $20M Fee Bid For ATM Antitrust Deal
• DOJ's Daring Mar-A-Lago Raid Amps Up Pressure On Garland
• Justices Told SEC, FTC Challenges 'Waste' Courts' Resources
• Attys Score $16M Fees In Gold Benchmark Manipulation Row
• SEC Orders Crypto Biz To Register Tokens, Or Pay Up To $31M
• Calif. Tribe Says Full 9th Circ. Should Weigh Contract Row
• SEC's $16.3M Tipster Award Shows How Timeliness Pays Off
• State Bank Regulators Guide On Cyber Exams Of Nonbanks
• Texas Energy Co. Sues Terminal Co-Owner In Del. Court
• Financial Services Pro Rejoins Dykema In Chicago
• Ballard Spahr Launches Digital Licensing Tool
• DeFi Participants Must Prepare For Potential Bankruptcies
• Justices' EPA Ruling Didn't Move Needle On Chevron Doctrine
• Oportun Earmarks Nearly $3M For CFPB Settlement Over Digit
• Bank Groups Pan Feds' Pitch To Add CRA Assessment Areas
• PayPal Beats Investors' Suit Over Federal Probes, For Now
• 3rd Circ. Adopts New Accuracy Standard For Credit Reports
• Class Attys Get Reduced Fees In $60M Morgan Stanley Deal
• Citigroup Hit With $70M Suit Over Shopify, Colgate Trades
• SEC Targets Conflicts Of Interest Among Clearing Agencies
• Treasury Bans Crypto Tool Allegedly Used By North Korea
• Trump Says FBI 'Raided' His Mar-A-Lago Resort
• Fifth Third Bank's CIPA Deal OK'd With $16M Atty Fees
• Last BitMEX Defendant Takes Plea Deal In AML Case
• How Courts Are Applying TransUnion Ruling To Privacy Suits
• Judge Abused Discretion In $100M Lebanese Loan Feud
• MoneyGram Says 'Forum Shopping' CFPB Should Take A Hike
• Scouts' Plan Mostly Approved, Jones Hit With $50M Verdicts
• Scotiabank Will Settle Investors' Metals Spoofing Claims
• Ethics Lessons From The Alex Jones Discovery Debacle
• 2nd Circ. Overturns Fired UBS Whistleblower's $1M Award
• Senators Probe US Bank After CFPB Accounts-Scandal Deal
• Tilton Cleared Of Fraud Claim In Bank's $45M Trial
• UK Litigation Roundup: Here's What You Missed In London
• CFPB's Chopra Stresses Need To 'Eradicate,' Not Just Educate
• Sidley Partner Tapped For International Bank Role
• Equifax Hit With Class Action Over Wrong Credit Scores
• Ex-Puerto Rico Governor Charged In Bribe Scheme
• Mitek Tells Gilstrap It Fears Check Patent Suit From USAA
• Citi Says Its Government Securities Trading Is Under Scrutiny
• FinCEN's No-Action Letter Plan May Have Limited Impact
• Real Estate Rumors: Capital One, Spring Health, Grand Peaks
• Morgan Stanley Issued 11K Reports With Bad Info, FINRA Says
• Goldman Sachs Says CFPB Probing Its Credit Card Business
• Rulings Limiting Federal Agencies May Lead Congress To Act
• Tribe-Linked Lender, Borrowers Reach Deal In Lending Suit
• Combating Implicit Bias In Alternative Dispute Resolution
• Banks, Insurer To Settle Fraudulent Transfer Coverage Row
• PayPal Hit With Del. Derivative Suit Over Compliance Issues
• SEC Fines Fund Adviser Who Called College Clients 'Fools'
• How The Metaverse Will Affect Business And Legal Processes
• Disney Settles Visa, Mastercard Fees Suit Days After Filing
• Judge Tosses Unauthorized PNC Withdrawal Claims, For Now
• CFPB Says Mortgage Firm Can't Shake Court Penalties
• The False Claims Act's Untapped Potential In PPP Fraud Fight
• Senate Bill Would Put Crypto Spot Markets Under CFTC
• Citigroup Board Sued Over 'Systemic' Oversight Issues
• 6th Circ. Urged To Rehear Bank Exec's FDIC Penalty Challenge
• Ally Bank Beats Customer Suit Over 2021 Data Exposure
• SEC Warns Brokers About Conflicts Tied To Compensation
• This Week's Regulatory Hires Span Finance, Gaming, Health
• Bank Groups Want CFPB To Supervise Data Aggregators
• Real Estate Rumors: Goldman, Related, Julia Koch
• First Guaranty Mortgage Gets OK For $147M In Ch. 11 Loans
• Citibank Tipster Again Loses Bid For Cut Of $400M Fine
• Workers Say Capital One Mismanaged $8B Retirement Plan
• Wintrust Says Black Borrowers' Bias Suit Misses The Mark
• King & Spalding Adds Former Gibson Dunn Banking Co-Chair
• Wells Fargo Confirms Hiring Practices Investigation
• TD Bank Group Buys Cowen In $1.3B Deal Guided By 3 Firms
• Hacker Site's Founder Wins Bail Ahead Of Extradition Fight
• NY Hits Robinhood Crypto With $30M Fine
• Disney Hits Visa, Mastercard With Suit Over Interchange Fees
• CFPB Gets Trimmed $29.2M Judgment In Mortgage Relief Suit
• Ex-FinCEN Enforcement Head Joins Skadden In DC
• Tilton Tells Jury Zohar Investor Was Clear On Strategy
• Deutsche Bank Strikes $5M Deal To End Libor Suit
• Visa Can't Yet Ditch Claims It Helped Monetize Child Porn
• Collection Agency Escapes Class Action Over IRS Threats
• NY's AG Seeks Whistleblowers Amid 'Concerning' Crypto Drop
• Navigating Arbitral Subpoenas In A Post-COVID Landscape
• Fla. Judge Won't Sanction SEC In Suit Against Ex-Informant
• Bank Sector Groups Push Back On Defense Bill's Cyber Rules
• Zurich Says Exclusion Bars Coverage For Bank's Ponzi Suits