Banking Archive » September, 2022

Banking - September, 2022

304 articles

• The 5 Biggest Cases This Supreme Court Term
• 11th Circ. Says No Safe Harbor For Bank's Debtor Name Error
• Russia Sanctions Reach Expands After Annexation
• Law360's The Term: A New Normal For The Supreme Court?
• COVID Relief Borrowers, Lenders May See Increased Scrutiny
• Biz Groups Fear 'Penny Stock' Rule Could Upset Debt Markets
• No Signs Of Supreme Court's Conservatives Slowing Down
• 4 Strategies For Drafting Effective Consumer Breach Notices
• Clark Partington Facing DQ Bid In Fla. Whistleblower Case
• How Well Do You Know Supreme Court History?
• UK Litigation Roundup: Here's What You Missed In London
• Justice Ketanji Brown Jackson Takes Bench, Makes History
• Keys To A 9-0 High Court Win: Practicality Over Perfection
• Feds Need To Fix Ukraine Money Laundering Suit, Judge Says
• CFPB Says MoneyLion Loans Gouged Military Borrowers
• 6 States Sue To Halt Biden's Student Debt Cancellation Plan
• Class Gets Initial OK For $5M Snap Finance Robocall Deal
• Barclays To Pay $361M Over Unregistered Securities Sales
• Chase Uses Tech To 'Eavesdrop' On Customer Calls, Suit Says
• Time To Rethink The Federal Home Loan Bank System
• NY AG Seeks Fast-Tracked Trump Fraud Trial Before 2024
• Treasury Issues Final Beneficial Ownership Reporting Rules
• HSBC Wants Exec's Racial Bias, Retaliation Suit Tossed
• Technology Co. Sues Insurers Over Wire Fraud Losses
• 6 Big Banks To Participate In Fed's Climate Scenario 'Pilot'
• Sens. Grapple With How To Do Outbound Investment Review
• What New Bar Exam Means For Law Students And Schools
• Nuix Knowingly Misled Investors, Australian Watchdog Says
• Payments And Fintech Pro Joins Stinson In DC
• Deals Rumor Mill: Cineplex, Citi, Apollo
• Del. Bankruptcy Rulings Instruct On Creditors' Rights To Sue
• SEC Fines Deloitte China Unit $20M Over Audit Rule Violations
• Lawsuit Targets Okla. Tribe's Funds Amid Leadership Spat
• CFPB Hit With Trade Groups' Suit Over Anti-Bias Exam Policy
• Wells Fargo Execs Face Derivative Suit Over Hiring Scandal
• Feds Ink $13M Redlining Settlement With NJ's Lakeland Bank
• Lawmakers Reintroduce Consumer Bankruptcy Reforms
• Lawmakers Question True Impact Of Sanctions On Russia
• 3rd Circ. Says NJ Bank Groups Can Make Political Donations
• Apple's New Messaging Features Will Complicate E-Discovery
• Littler Lands Trade Secrets, E-Discovery Talent In 2 Offices
• Bank Manager Is Owed Benefits After Harassment, Judge Says
• Trump Claims NY Is Judge-Shopping $250M Fraud Case
• MVP: Sullivan & Cromwell's Mitch Eitel
• Regions Bank To Pay $191M In CFPB Overdraft Fee Deal
• Citi Previews Bid To Ax Loomis Sayles' 'Best Execution' Suit
• Muddy Waters Filched $14M SEC Tipster Award, Suit Says
• Investor Sues Venture Firm, Co. Board Over 'Unfair' $1.2B Deal
• Law Firm Inclusion Efforts Often Overlook Business Staff
• Loan Forgiveness Program Creates Tax Headaches, Suit Says
• JPMorgan Says Investor Suit Over $200M Fine Still Too Vague
• MVP: Shearman's Adam Hakki
• SEC, CFTC Messaging Probes Net $1.8B In Big Bank Penalties
• Lawmakers Urge Executive Order On Outbound Investments
• Workers Sue Wells Fargo On Heels Of $145M DOL Settlement
• White & Case Adds 2 Real Estate Pros From Paul Hastings
• Ex-Goldman Analyst Gets Stock Ban In SEC Settlement
• Luse Gorman, Sullivan & Cromwell Guide $1.3B Bank Merger
• Citi Backs Spanish Payments Co. With €150M In Financing
• Mastercard Wants To Trim $10.7M Wawa Data Breach Fee Suit
• Robbins Geller Nets $11M From Bank OZK Investor Settlement
• CFPB Moves To Formally Scrap Trump-Era Innovation Policies
• Crédit Agricole Units Pay $1M For Allegedly Skirting Sanctions
• Payday Lender Motion Argues CFPB Suit Is Unconstitutional
• US Trustee Questions First Guaranty's Ch. 11 Disclosures
• DC Judge Pares Back CFPB's Trump-Era Mortgage Data Rule
• Newsom Vetoes Calif. Crypto Regulation Bill As 'Premature'
• An Associate's Guide To Rebounding After A Layoff
• NY Firm's Escrow Defense Contested In $30M Malpractice Suit
• Jones Day Adds Former OCC Atty To Financial Markets Team
• MVP: Paul Weiss' Susanna Buergel
• Cannabis Co. Seeks Default Win Against Bank Firm In Tax Suit
• Convicted Pol Can't Search Juror's Cellphone, 6th Circ. Says
• Barclays Hit With Investor Suit Over $17.6B Securities Error
• 3 Questions As Feds Flesh Out New Breach Reporting Rules
• Deutsche Bank To Pay $26M To End Investor Suit Over Epstein
• Treasury Official Says US Digital Dollar 'Could Take Years'
• CFTC Says Poor Tech Installation Led To Broker's $500K Fine
• DC Circ. Denies Citigroup Whistleblower's Award Challenge
• Lenders Tell 2nd Circ. Citibank's $500M Win Upends NY Law
• 2nd Insurer Seeks To Nix Ill. DOI Email Fraud Coverage Bid
• Court Denies Zurich's Bid To Skirt Coverage Of Ponzi Suits
• Crypto-Focused Bank Gets GOP Backing In Fight With Fed
• Republicans Say CFPB, SEC Must Reckon With EPA Ruling
• Sports Agency Can't Back Out Of $1.3M Settlement, Firm Says
• Judge Trims Fannie, Freddie Investors' Stock Profit Suit
• AML Regulation Of Lawyers Is Imminent And Controversial
• Citibank Raised Veterans' Rates After Active Duty, Suit Says
• Overseas Cos. Are Well Within Reach Of SEC Enforcement
• IRS Can Seek Crypto Platform Users' Bank Docs
• UK Litigation Roundup: Here's What You Missed In London
• Barclay Damon Keeps Growing With Conn. Litigation Partner
• MVP: Cadwalader's Lary Stromfeld
• GOP Sens. Call On Bank CEOs To Buck 'Uber-Woke' Pressure
• NYC Comptroller Presses BlackRock On Climate Pledge
• IP Forecast: Tyga's 'Wavy Baby' Shoe Row Goes To 2nd Circ.
• PCAOB Chair Puts Year-End Deadline On Chinese Audits
• Life Sciences-Focused Blank-Check Firm DMB Pulls $75M IPO
• DC Circ. Debates Proper Fate Of ATM Fee Antitrust Classes
• Credit Union Manager Indicted On Embezzlement Charges
• 11th Circ. Backs Ringleader's 15-Year Sentence In Tax Scheme
• Voyager Claimant Calls Ch. 11 Plan Docs 'Placeholders'
• 2nd Circ. Overturns NRA's Free Speech Win
• Weighing Risk And Reward Of Cooperating In FCA Civil Cases
• Trump Fraud Referrals Present Political Minefield For DOJ, IRS
• 7th Circ. Mulls If Chicago's $1B Meter Deal Created Monopoly
• Deals Rumor Mill: FTX, Instacart, Truth Social
• US Reps. Introduce Credit Card Competition Act
• States Can Reject Final Losses Under Tax Treaties, ECJ Says
• Meet The Lawyers On Deck In NY V. Trump Biz Fraud Case
• 9th Circ. Won't Stop New Backpage Execs Criminal Trial
• DOJ Inks Job Ad Bias Deals With Walmart, Capitol One, Others
• Crypto Co. Wintermute Says $160M Stolen In Hack
• Bank CEOs Pushed On Capital, Climate And More In Hill Visit
• Mississippi Credit Union Sued Over 'Deceptive' Overdraft Fees
• The Pros And Cons Of US-China Auditing Oversight Deal
• DOJ Quietly OKs West Coast Bank Merger, With Branch Sales
• NJ Atty Avoids Default Loss In Fla. Couple's Malpractice Suit
• Key Adaptations For Law Firms Amid Quiet Quitting Movement
• 2 Firms Steer Liquidity Provider's $3.5B SPAC Merger
• NY AG Tells 2nd Circ. Trump Can't Revive Harassment Claim
• Robert Sarver Says He Will Sell Phoenix Suns And Mercury
• German Police Raid Properties Tied To Oligarch Close To Putin
• NY AG James Sues Trump, Alleging $250M Business Fraud
• PNC Pins $218M Patent Loss On 'Tainted' Verdict
• Nasdaq Seeks Big Investors With Crypto Custody Service
• 7th Circ. Asked To Reverse Ill. Atty's Wire Fraud Acquittal
• 2 Firms Steer Tech-Focused Blank-Check Firm's $80M IPO
• Biden Nominates 2 For FDIC's Board Of Directors
• 2nd Circ. Affirms $3M Clawback From Madoff Investor
• Wells Fargo Sues To Foreclose NYC Hotel's $275M Mortgage
• Creating A Hybrid Work Policy? Be Intentional And Inclusive
• Wells Fargo Says Former In-House Counsel Stole Secret Info
• Bernstein Litowitz Will Lead Santander Squeeze-Out Suit
• Womble Bond Adds Wells Fargo Atty In Capital Markets Group
• JP Morgan Chase, Ex-Worker Wrap Up Disability Bias Suit
• Morgan Stanley To Pay SEC $35M In Data Exposure Inquiry
• Goldman Execs' $79.5M Deal Over Investors' 1MDB Suit OK'd
• CFTC Commish Wants To Bring The HEAT In Settlements
• Professor In China-Ties Tax Case Sentenced To Probation
• Hartford Says No Coverage For Ill. DOI Over Email Wire Fraud
• Credit Suisse Inks $32.5M Deal Over Greensill, Archegos Work
• OFAC's Tornado Cash Sanctions Create Legal Uncertainty
• USAA Scores $4.3M Jury Award In Mobile Banking Patent Suit
• Corporate, Public Outrage Is Antidote To Bad Sports Owners
• Wawa Data Breach Is Warning On Swipe Payment Tech Risks
• TelexFree Ponzi Victims Say Foster Garvey Aided Fraud
• SEC, Ripple Spar In Bids To Win Landmark Enforcement Case
• Ex-JPMorgan Worker Fights To Keep Benefit Freeze Suit Alive
• A Law Firm's Guide To Humane Layoffs As Recession Looms
• O'Melveny Adds Financial Crimes Deputy Chief As Partner
• Treasury Calls For Bold Enforcement, Clearer Rules On Crypto
• DOJ Wants Funds, Tougher Laws To Fight Digital Asset Crime
• Payday Lender Can't Get New CFPB Hearing, 10th Circ. Rules
• White House Crypto Framework Should Inform SEC Approach
• Suns Lose PayPal As Sponsor, Part-Owner Wants Sarver Out
• Judge OKs PNC And Ex-Workers' ERISA Class
• HNA Drops Appeal Of $185.4M Award To SL Green At 245 Park
• Puerto Rico Tries To Claw Back Bond Payments To Banks
• TransUnion Hit With $18M Verdict In Source Code Dispute
• Prof Says Tax Rap In China-Ties Case Doesn't Merit Prison
• Ex-Morgan Stanley Rep Cops To Using Client Cash For Tesla
• OCC Fines PNC Bank $2.6M Over Flood Insurance Errors
• UK Litigation Roundup: Here's What You Missed In London
• Denmark Wins $1.3B Verdict Against British Trader In Dubai
• 2nd Circ. Sides With BofA In NY Escrow Interest Fight
• Tribe Urges Justices To Weigh Immunity In Bankruptcy Cases
• Ukrainian Courts OK'd Loans In Laundering Case, Judge Told
• Sanctions Will 'Fly' In Cannabis Bank Discovery Dispute
• CFTC Head Calls Crypto Bill First Piece In A Regulatory Puzzle
• SEC's Gensler Suggests Crypto Rules Could Be Years Away
• Full 6th Circ. Won't Rehear Bank Exec's FDIC Penalty Dispute
• Pattern Element Is Still Crucial To Defending RICO Cases
• 8 Military Consumer Protection Tips For Finance Cos.
• Silence Dooms Rise In Post-Judgment Interest, 3rd Circ. Says
• DOJ Money Laundering Chief Joins MoFo In DC
• Davis Wright Tremaine Adds Financial Services Attorney
• Forex Exec Gets 1 Year For Defrauding NY Korean Community
• Ex-Bracewell Finance Pro Joins Locke Lord In Dallas
• Hogan Lovells Adds DLA Piper Finance Atty In London
• CFPB Eyes Rules, Oversight For Buy-Now Pay-Later Market
• CFPB's Chopra Casts Doubt On New Arbitration Reform Push
• US Indicts 3 Iranians In Massive Hacking, Ransom Scheme
• Debevoise-Led AIG Spinoff Hits $1.68B In 2022's Biggest IPO
• DOJ Fines Bank In 'First-Ever' FCA Settlement Over PPP Loan
• Real Estate Rumors: UBS, Picus, Buzz Oates
• New Exchange Seeks SEC's Nod To Serve 'Green' Investors
• SEC Pushes Stronger Clearing Rules For US Treasuries
• 9th Circ. Upholds Schwab Charitable's Win In Donor Fee Suit
• FDIC, Bank Beat Ex-CEO's Bid For $1.6M Exit Payout
• Expect Greater Regulatory Scrutiny Of Crypto-Asset Activities
• What AML Bill Could Mean For Firms, Funds And FinCEN
• Fintech Sees M&A Surge In 2022 Despite Ongoing Value Shifts
• 8th Circ. Shuts Down Ponzi Scheme Suit Against JPMorgan
• Learning From Trump And Bannon Discovery Strategies
• Allen & Overy Settles $1M Fee Fight With Crypto Exec
• Ex-FINRA, DOJ Tax Attorney Joins Carlton Fields In Miami
• Law Firm Gets Arbitration In Pot Co.'s Loan Fraud Suit
• College Chain Operator Can't Sink CFPB Investigative Demand
• Ex-Fugees Artist Can't Nix 1MDB-Linked Illegal Lobbying Case
• Credit Suisse Investor Denied Lead Of Russian Oligarch Suit
• SEC Hits 4 Firms In First-Ever Muni Bond Disclosure Cases
• Big Banks Slam Class Cert. Nod In Stock Loan Antitrust Suit
• Treasury Says Tornado Cash Users Can Apply To Get Crypto
• Pa. Justices Mull Adopting 'Aiding And Abetting' Tort
• Feds Seek 1 Year For Math Prof. Hiding Chinese Bank Account
• Locke Lord Hires Project Finance Pro From Dorsey & Whitney
• NY Banker Cops To Moving $1B Without AML Safeguards
• What SEC's Final Exec Comp Disclosure Rule Means For Cos.
• Demystifying OFAC And BIS Civil Settlement Negotiations
• Wells Fargo Reaches $94M Deal In COVID-19 Forbearance Suit
• Hunton Adds M&A Partner To Houston Office From DLA Piper
• PNC, Ex-Workers Want 65K-Member ERISA Class Approved
• UBS Boosts Returns To Shareholders After Failed Deal
• SEC Claims Investment Adviser Stole From MLB Client
• SEC Claims Cannabis Co. Hid 'Executive-Like' Felon's Role
• OCC Hires Ex-NY Regulator As New Chief Climate Risk Officer
• Gunderson Dettmer Nabs Ex-Earnin GC To Be Partner
• Boeing Credit Union Wants Out Of Data Breach Suit
• GOP Sens. Rip Chopra Over 'Lawless,' 'Unaccountable' CFPB
• Wells Fargo Says OCC Testimony Had No Bearing On Firing
• Ga. Tax Preparer Must Pay $100K For Fraud, Tax Court Says
• Wells Fargo Tells Counsel In Lending Bias Suit To Wait
• The Risks In Lateral Hiring, And How To Avoid Them
• Wells Fargo To Pay $145M After DOL Retirement Plan Probe
• Dems Press Zuckerberg On Meta Effort To Halt Crypto Scams
• Banco Popular Seeks Arbitration For Overdraft Fees Action
• 5th Circ. Lets Stanford Receiver Keep $45M Interest Award
• GOP SEC Commish Uyeda Calls For Crypto Rulemaking
• AIG Spinoff's $1.8B Offering Kicks Off September IPO Lineup
• 11th Circ. Nixes Debtor Suit Over Collector's Mail Vendor Use
• High Court 'Shadow Docket' Still A Long Shot For Companies
• PNC Scores Victory In Ex-Employee's National Origin Bias Suit
• More Firms Vie To Represent Proposed Class Against Equifax
• Ex-TIAA Bank Counsel Joins Balch & Bingham In Fla.
• UK Litigation Roundup: Here's What You Missed In London
• Judges Who Use Social Media Must Know Their Ethical Limits
• Caterpillar Resolves IRS Tax Dispute Without Penalties
• Fla. Bank Shareholder Accuses Directors Of Self-Dealing
• Fla. Firm Can't Escape Debt Collection Suit, 11th Circ. Says
• ABA Is Defending Profession's Values From Monied Influences
• Real Estate Rumors: Evergrande, Greenbridge, Goldman
• Biz Software Sees Record Deals Despite Broader M&A Lull
• White House Office Urges Study Of Crypto's Enviro Impact
• Credit Suisse To Take Full Ownership Of China Securities Biz
• Ex-Nomura Trader Tells 2nd Circ. Lying Isn't A Crime
• 2nd Circ. Gives Citi Win In $500M Revlon Wire Transfer Fight
• US Bank Seeks To Toss $20M Insurance Death Benefit Suit
• Coinbase Backs Suit Against Treasury Over Tornado Cash Ban
• SEC's Gensler Considers Divvying Up Crypto Platforms
• 2nd Circ. Upholds Navient Public Service Loan Relief Deal
• CFTC Fines Natixis $2.8M Over Lax Swaps Desk Supervision
• Chamber Backs Walmart, Saying FTC's Suit Is Gov't Overreach
• OCC's Hsu Urges Reddit Reality Check As Banks Eye Crypto
• 7th Circ. Backs Trucking Exec's Accounting Fraud Conviction
• Ambac Rips Countrywide RMBS 'Factory' As $2.7B Trial Starts
• Making Sense Of SEC's Crypto Enforcement Summer
• How In-House Counsel Can Better Manage Litigation Exposure
• Forecasting A Rise In 11th Circ. State Court Class Actions
• Real Estate Rumors: Netflix, Corsair Capital, Ken Griffin
• HMRC Eyes Probes Of Collapsed Expat Bank's Customers
• 3rd Circ. Won't Revive Citizens Bank Gender Bias Suit
• OCC Deputy Stresses Banks' Compliance Role In Partnerships
• Fla. Judge Extends Pause On 'Mother Theresa' Ponzi Suit
• McGuireWoods Adds 2 Capital Markets Partners From Hunton
• Banks' Trade Secrets Fight Put To End In Federal Court
• Ex-Invisalign VP Scored $349K Via Insider Trading, SEC Says
• Practical E-Discovery Lessons From The Alex Jones Case
• The FTC And DOJ Are Rewriting The Rules
• Real Estate Rumors: DH Property, Citi, Michael Rashes
• NYC Man Found Guilty Of Laundering Fraudulent Funds
• Cravath, Willkie Lead $3.4B Texas Capital Insurance Biz Sale
• Hogan Lovells Brings On Birchal CLO To Fintech Practice
• 4 Takeaways From NY DFS' First Crypto Enforcement Action
• Law360 MVP Awards Go To 188 Attys From 78 Firms
• Biden To Tap Ex-NYU Law Dean For Regs Review Agency
• Big Banks Say Forex-Rigging Suit Fails Over Lack Of Harm
• Breach Victim Facing 'Imminent' Harm Can Sue, 3rd Circ. Says
• Loan Co. Parent Beats RICO Suit Alleging Tribal Partnership
• Broker Loses Bid To Toss SEC Suit Citing Bahamian Law
• Treasury Dept. Issues Update To Cybersecurity Regulations
• Banker Pleads Not Guilty In Puerto Rico Bribe Scandal
• SEC Strikes $850K Deal With Calif. VC Firm Over Excess Fees
• 9th Circ. Urged To Bar New Backpage Execs Criminal Trial
• NY, Calif. Urge Credit Card Giants To Help Tackle Gun Violence
• The Ethical Risks For Lawyers Accepting Payments In Crypto
• Wells Fargo Asks 11th Circ. To Back Win Over Gunshot Victim
• Biden Nominates Montana Law Professor For 9th Circ.
• UK Litigation Roundup: Here's What You Missed In London
• Harsh Market Limits IPO Prospects For Autumn Listings
• Tornado Cash Sanctions May Signal Enforcement Shift
• Calif. Corporate Climate Reporting Bill Fails In State Assembly
• BofA Can't Escape Consumers' Deceptive Fee Practice Suit
• Noncompliant Broadcaster Gets Final Warning In MLB Spat
• OSHA Fines Wells Fargo $22M For Firing Whistleblower
• UK Hedge Fund Exec Charged With $20M Forex Scheme
• Envisioning Metaverse-Based Litigation In The Real World
• No Coverage For Metal Cos. In Loan Suit, 3rd Circ. Rules
• Firms Vie To Lead Consolidated Equifax Glitch Fight In Ga.
• SEC Seeks Early Win In FOIA Fight Over Crypto Conflict Docs
• Panel Sends Debt Class To Arbitration In 'Mind-Bending' Call
• Deals Rumor Mill: Porsche, Truth Social, Calb
• SEC Signals Audit Crackdown As Firms Seek PE Partners
• Baker McKenzie DQ'd From Russian Bank Case