Banking Archive » October, 2022

Banking - October, 2022

318 articles

• Coinbase, Others Side With Ripple In SEC Token Sales Case
• Wells Fargo Says SEC Probing Its Hiring Practices
• Discovery Tool Doesn't Apply To Malta Arbitration, Judge Says
• Jury Hears Final Arguments Over Fannie, Freddie Profit Sweep
• SEC To Get $4.2M From Swedish Fraudster Over $16M Scam
• Cannabis Services Biz Announces $30M Deal To Buy Abaca
• Breach Cases Hint At Liability Coverage For Mobile Losses
• NY Data Breach Penalty Expands Regulatory Requirements
• My Favorite Law Prof: How I Learned To Put Law Into Practice
• GOP Senators Push SEC On Staff Exits Amid Rules Drive
• Navient Fired Exec Without Cause After Buying Co., Jury Says
• NJ Law Firm Accused Of Malpractice In Mortgage Hacking
• Catching Up With Delaware's Chancery Court
• Compliance Tips Amid DOJ Russia Sanctions Crackdown
• Ill. Atty Gets 9 Years For Wire Fraud, Money Laundering
• CFPB, Payday Lender Get Stay In Wake Of 5th Circ. Decision
• Justices Poised To Reject Narrowing Unclaimed Property Law
• CFPB Probe Of Online Lender's Loan Processing Deepens
• US Drops Libor-Rigging Charges Against Ex-UBS Trader
• Navient, Exec Point Fingers Over Firing At Trial's Close
• Musk's Control Of Twitter Comes With Freedom, Drawbacks
• 'Chrisley Knows Best' Stars Won't Get New Trial In Fraud Case
• Celsius Network Gets OK To Auction, GWG To Raise Money
• PTAB Upholds Most Of Payment Authorization Patent
• Bank Group Warns CFPB Against Upping Zelle Fraud Liability
• Kabbage Reaches $58M Deal With Bank In PPP Loan Row
• Ga. Man Admits To Conspiracy Role In Loan Fraud Scheme
• How High Court Could Change FBAR Penalty Landscape
• Wells Fargo Gets Life Insurance Spat Sent To Neb. Court
• Reed Smith Adds Investment Management Team
• Real Estate Rumors: Oxford, Madison Marquette, Brookfield
• Akerman Litigation Partner Rejoins McGlinchey Stafford
• Former BitMEX Exec Asks For No Prison In AML Case
• UK Litigation Roundup: Here's What You Missed In London
• Trump Org. Slams NY AG In Response To $250M Fraud Case
• Morgan Lewis Hit With $12M Suit From Investment Firm
• Warren Pushes CFPB To Beef Up Rules To Combat Zelle Fraud
• CFPB Sketches Options For Financial Data Access Rules
• Gov't Says Fannie, Freddie Profit Sweep Calmed Market Fears
• MoneyGram Says CFPB Rule It Allegedly Broke Is Invalid
• Bankruptcy Ruling Shows Limits Of Safe Harbor Application
• CFTC Commish Likens Crypto Risks To 2008 Financial Crisis
• 7th Circ. Seems Wary Of Reviving County's BofA Lending Row
• FTC Overreach May Pose An Existential Threat For Agency
• 2nd Circ. Revives Bank Worker's Political Bias Suit
• Deals Rumor Mill: Toshiba, Aerojet, Instacart
• Former Faegre Drinker Tax Duo Moves To Flaster Greenberg
• Modoc Tribal Leaders Settle Predatory Loan Class Action
• EVO Investor Sues In Delaware For Docs On $4B Merger
• Danske Bank Sets Aside $1.9B To Settle Estonia AML Case
• Credit Suisse To Raise $4B In Capital With Saudi Backing
• Archegos Says SEC's Manipulation Case Fails To Show Fraud
• Navient Is A 'Bully' And A Liar, Fired Exec Tells Jury
• How A GOP Surge Could Squeeze Biden Financial Regulators
• Ex-Freddie Exec Says Gov't Profit Sweep 'Simplified' Issues
• 11th Circ. Finds Alabama AG Immune In Wrongful Seizure Suit
• Goldman Investor Takes 3rd Swing At Director Pay Deal OK
• CFPB Warns Banks That 'Junk Fees' Are Likely Illegal
• PNC Says Workers Who Filed 401(k) Suit Have No Standing
• US Bank Faces Investor Suit Over Unauthorized Accounts
• Another Moelis-Backed SPAC Pulls IPO Plans
• CFPB Rips 5th Circ. Ruling In Defending Its TransUnion Suit
• Santander To Pay $900K To End Ex-VP's Pregnancy Bias Suit
• Moody Heir Keeps Receiver In Trust Dispute With Bank
• US Cannabis Cos. Must Beware Predatory Lending Practices
• Next Stages In CFPB's Uncertain Future
• Bank Rebuffs Fixed Records Claims From Cannabis Co.
• What To Consider When Leaving BigLaw To Go Solo
• NC Justices Told Bank Must Face Fraud Suit Over Foiled Loan
• Fla. Adviser Gets 23 Years For $80M Trading Scam
• Union Bank Wins $18M From Axos In Ch. 7 Poaching Trial
• Navient Set Startup's Founder Up To Fail, Jury Told
• Capital One Can't Escape White Ex-Worker's Race Bias Suit
• CFPB's Chopra Says Financial Data Rights Rule Draft Coming
• Ex-Fannie Exec Says Profit Sweep Was Used To Halt Recovery
• Ukrainian Indicted For 'Raccoon Infostealer' Malware Scheme
• Union Bank Seeks $102M As Ch. 7 Poaching Trial Wraps In NY
• Dems Press Regulators On 'Revolving Door' Of Crypto Jobs
• 1st Circ. Says Ch. 11 Stay Voids Court Judgment
• 2 Firms Guide $208M Peoples Bancorp Merger With Ky. Lender
• Prepping For Fair Lending Exams Amid NY Enforcement Trend
• PNC Bank Urges Judge To Leave It Out Of TelexFree Suit
• TD Bank Users Push For $11.9M Deal To Settle ATM Fees Suit
• Feds Want Jones Walker DQ'd In $1.2B Venezuelan Fraud Case
• First National Asks Pa. Justices To Lower Ratio For Damages
• Finance Firms Want RICO Pot Arrest Suit Tossed
• Ex-JPMorgan Atty Reaches Agreement To End Retaliation Suit
• Man Says Ga. Law Firm Illegally Contacted Him In Debt Suit
• Jury Told Fannie, Freddie Profit Sweep Was 'Unprecedented'
• Credit Suisse To Avoid French Laundering Charges For €238M
• Crypto Trading Firm Must Justify Atty Fees In $1.5M Judgment
• CFTC Chair Urges Congress To Unlock Crypto 'Handcuffs'
• Bitcoin Mining Operator Inks $2.1M Deal To End Investors' Suit
• Zillow Group Expects To Settle Class Action Over CFPB Probe
• FHFA Says Fannie, Freddie Can Use New Credit Score Models
• SL Green Challenges Law Firm's Bid To Exit $185M HNA Fight
• How GCs Must Play 'Quarterback' In Carrying Out ESG
• My Favorite Law Prof: How I Learned Education Never Ends
• Nonprofit Atty Loses Tax Challenge To Biden Loan Relief Plan
• Winston & Strawn Adds Fintech Pro To Growing Miami Office
• Full 5th Circ. Won't Rehear SEC In-House Courts Challenge
• SEC Slams Ripple For Trying To 'Rework' Securities Law
• 8th Circ. Pauses Biden's Student Debt Relief Program
• ACLU Asks Justices To Affirm The Right To Boycott Israel
• TransUnion Cites 5th Circ. Ruling In Bid To Escape CFPB Suit
• Mumbai-Based Bank Settles OCC Money Laundering Findings
• Fannie Mae Calls First Guaranty Sales Motion Too Unclear
• Navient Collections Halted, Mallinckrodt Faces $1.6B Suit
• CFPB Says Credit Reporting Cos. Must Screen For 'Junk Data'
• Taylor English Expands Its Bankruptcy Group
• Foster Garvey Says TelexFree Ponzi Claims Are Time-Barred
• UK Litigation Roundup: Here's What You Missed In London
• Barclays Faces £50M Fine For 'Reckless' 2008 Capital Raise
• A Judicial 'Tidal Wave' Just Walloped The CFPB. Now What?
• Deutsche Bank Investors Get Initial OK For $26M Epstein Deal
• Citi Faces Goliath Moment As 2nd Circ. Revives Pro Se Case
• Mnuchin Testimony Counters Feds' Narrative In Barrack Trial
• Wigdor Seeks To DQ Perry Guha In Leon Black Suit
• BNY Mellon's Crypto Move Doesn't Show Favoritism, Fed Says
• FHFA Says It Didn't Study Fannie, Freddie Profit Sweep Effect
• FDIC Acting Head Outlines Vision For Stablecoin Safeguards
• Feds Say Convicted Launderer Violated Bank Secrecy Act
• Justice Barrett Rejects Effort To Block Student Debt Relief
• Ex-Bolivia Official Cops To Role In $5.6M Contract Scheme
• Muddy Waters Says SEC Tipster Award Suit Is A 'Shakedown'
• Block Calls CFPB Bid To Compel Doc Production Unnecessary
• Investors Bank Attorney Joins Kearny Bank As GC
• Reed Smith Taps Ex-CFPB Enforcement Pro In San Francisco
• Credit Suisse Beats Forex Price-Fixing Allegations At Trial
• Deals Rumor Mill: Westpac, Credit Suisse, Nationals
• New-Parent Attorneys Need Automatic Litigation Stays
• After Crypto Leaks Report, Roche Out At Firm He Co-Founded
• Keep Morgan Stanley, Goldman In Archegos Suit, Judge Told
• DC Jurors Hear Original Fannie Mae, Freddie Mac Bailout Plan
• 5th Circ. Says CFPB's Funding Structure Is Unconstitutional
• OppFi Says Calif.'s 'True Lender' Theory Is Bunk Regulation
• Red State AGs Target Big Banks' Climate Goals
• Oil And Gas Price Jumps Aren't Swaying Leery Lenders
• 6th Circ. Says Former Atty Can't Kick Bank Fraud Sentence
• 11th Circ. Backs Florida Broker's Mortgage Fraud Conviction
• Voyager's Ch. 11 Deal With FTX Gets Nod To Move Forward
• Judge Who Held Trump In Contempt Keeps $250M Fraud Case
• 2nd Circ. Affirms Toss Of Desigual's Ch. 11 COVID Lease Row
• 2nd Circ. SOX Retaliation Ruling Hurts Whistleblowers
• Federal Gov't Urges Toss Of Loan Debt Forgiveness Tax Suit
• Associate Skills That Impress Firms In A Cooling Job Market
• Jury Weighs Possible Credit Suisse Forex-Fixing Liability
• Feds Announce Sanctions Targeting Valenzuela Drug Ring
• Feds Allege Event Signup Co. Tricked People Out Of Millions
• Taxpayers Ask Supreme Court To Block Student Debt Relief
• USAA Says Attys Talked Over Any 'Tainted' Testimony
• Ga. Judges Suggest $51M Mortgage Deals Were Fair
• Jury Finds Ex-Cay Clubs Exec Guilty Of Bank Fraud
• Deutsche Bank's Frankfurt Office Searched In Tax Fraud Probe
• Ex-Film Exec Gets 3 Years For $1.7M COVID Relief Fraud
• As Chopra Starts Year 2 At CFPB, Advocates See 'Tons To Do'
• 2nd Circ. Says Yen Libor-Rigging Suit Belongs Overseas
• Lower Settlement In Mortgage Case A Better Deal, Judge Told
• New York Fines EyeMed $4.5M After Consumer Data Breach
• Fannie Mae, Freddie Mac Shareholders Seek $1.6B
• JPMorgan Chase Can't Duck Trader's Retaliation Suit
• Ex-Cay Clubs Exec Says He Wired Money, Didn't Lie To Bank
• Voyager To Settle Three Arrows Loan Claims Against Execs
• FDIC Hikes Its Deposit Insurance Premiums, To Banks' Dismay
• Wells Fargo Says 9th Circ. Decision Backs Hertz Note Demand
• Treasury Raps Bank For Violating Venezuela Sanctions
• PennyMac Accuses Firm Of Malpractice In Mortgage Deal
• SEC Anti-Fraud Settlement Is A Warning For Fund Advisers
• Trump Restricted CDC On COVID Info, House Panel Says
• Check Cashing Biz Delayed Data Breach Disclosure, Suit Says
• SEC's Lizárraga Backs Climate, ESG Disclosure Proposals
• Texas' FTX Probe Poses New Threat To Voyager's Ch. 11 Deal
• Credit Suisse Wants Investors' XIV Crash Class Push Denied
• Post-TransUnion Ruling Clarifies Data Breach Standing
• Wells Fargo's $6.5M Wage Deal Faces Class Rep, Fees Queries
• Credit Suisse To Pay $495M To Settle RMBS Case In US
• DOJ Digital Asset Recs Would Widen Prosecutorial Authority
• Cannabis Co. Says Indicted CEO Can't Testify In Civil Suit
• WilmerHale Adds Steptoe & Johnson Financial Service Leader
• Fed, FDIC Eye New Big-Bank Resolution Requirements
• Robinhood Must Face Claims In Order Flow Suit, Judge Says
• Bofl Class Attys Get $3.5M Award From $14M Stock-Drop Deal
• Custodia Slams BNY's New Crypto Biz In Suit Against Fed
• Fed Governor 'Skeptical' Of Need For US-Backed Crypto Coin
• KWM Looks To Bow Out Of HNA Group $185M Award Fight
• The Pot Industry Organization Pushing For Federal Reform
• Alex Jones' Billion-Dollar Penance, Puerto Rico Prunes Debt
• High Court Could Resolve Thorny Atty-Client Privilege Issue
• Fannie, Freddie Investors To Use Treasury Docs At Stock Trial
• UK Litigation Roundup: Here's What You Missed In London
• Ex-Barclays Litigation Head Joins M&A Startup As 1st CLO
• Ripple Gets Payment Processor Co.'s Backing In SEC Case
• Robinhood Judge Slams Bid For 4 Lead Attys In Breach Suit
• Warren Says Wells Fargo Has 'Significant' Zelle Fraud Problem
• Deals Rumor Mill: Toshiba, Exxon Mobil, Brad Pitt
• GOP Reps Ask OCC Head For Fintech Partnership Answers
• Senate Dem Tells SEC Chair Crypto Rulemaking 'Needed Now'
• Jones Day Adds Ex-Goldman, Barclays Derivatives Pro
• Revisiting Employee Communication Policies After DOJ Memo
• Ex-SEC Atty Joins Calif. Loan Broker Group As Top Lawyer
• 9th Circ. Won't Upend Wells Fargo's $95M Wage Deal
• NY AG Warns Trump May Shift Assets In $250M Fraud Case
• Block Hit With Investor Action Over Customer Data Breach
• Fed's Barr Cautions Banks On Efforts To 'Tokenize' Deposits
• 2nd Circ. Won't Rethink Citi's Win In $500M Transfer Error
• Coin Center Sues OFAC Over Tornado Cash Sanctions
• Grayscale Asks DC Circ. To Vacate SEC's Bitcoin ETF Denial
• Credit Suisse Traders Say Crass Chats Were No Conspiracy
• Judge Weighs Atty Teams In Equifax Credit Reporting Case
• Government Says Ex-Cay Clubs Exec Funded Straw Buyers
• Dechert Adds Ex-BofA Atty To New York ERISA Group
• Refining Info Governance As E-Discovery Gets More Complex
• U.S. Bancorp Shedding 3 Branches For $8B MUFG Deal
• Texas Business Will Pay $1M To End CFTC Forex Suit
• NC Manager Accuses Ga. Loan Provider Of Sex Harassment
• 11th Circ. Bankruptcy Ruling Is A Lesson In Name Precision
• DOJ's Top Crypto Cop Says Mixers, Tumblers Are In Focus
• Credit Suisse Forex Price-Fixing Trial Opens With 'Bad' Chats
• 6th Circ. Tosses Grow Michigan's Racketeering Suit
• Trader Says HSBC Fired Him For Reporting Front-Running
• Lawsuit Aims To Halt Student Loan Debt Relief Program
• 'People Get Hurt' When Crypto Mimics Banks, OCC's Hsu Says
• Justices Won't Hear HSBC Debtor's Ch. 13 Fight
• Investors' Attys Want $39M After Big Banks' Sibor Deal
• Lawyer Seeks Class Cert. In Biden Loan-Forgiveness Tax Case
• Investor Says Abbott Laboratories Hid Formula Plant Woes
• NRA Seeks 2nd Circ. Rehearing In Free Speech Dispute
• Meadows Collier Lands 2 Litigators From Loewinsohn Deary
• Wiggin And Dana Adds EDNY Prosecutor Among Partner Hires
• D&O Insurer Challenges Amid Market, Economic Turbulence
• Risk Mitigation In Face Of Rising Legal Malpractice Claims
• State Street Taps Wells Fargo Vet As Global Compliance Head
• Ch. 11 Cheat Sheet: Kabbage Inc.
• Crypto Exchange Bittrex To Pay $29M For Sanctions Breaches
• High Court Won't Hear McKinsey Bankruptcy Fraud Suit
• Feds Nix JPMorgan Trader's RICO Counts Before Nov. Trial
• Cowen Stockholder Sues Over $1.3B TD Bank Deal
• BakerHostetler Accused Of Fraud, Jones Asks For New Hire
• Chase Hit With Another Calif. Biometric Privacy Software Suit
• Stalled IPO Market Forces Many Companies To Sidelines
• White Moody's Director Says Diversity Policy Got Him Fired
• Establishing Bad Faith In Removal Claims
• NY Bank Settles State Regulators' Auto Loan Bias Claims
• Ex-SEC Chairman Joins American Express Board
• PNC Can't Sink Black Ex-Worker's Race Discrimination Suit
• Dilworth Paxson Adds Experienced Bond Counsel In Philly
• BofA Strikes $1.84B Deal To Settle Ambac RMBS Litigation
• Former Pa. Bank CEO Gets 14 Months For SBA Loan Bribes
• Keys To A 9-0 High Court Win: Look For Common Ground
• UK Litigation Roundup: Here's What You Missed In London
• 5 Insights Into Treasury's Trio Of Digital Assets Reports
• Latest Sanctions Narrow Path To Legal Dealings In Russia
• Credit Suisse Offers To Repurchase $3B Of Its Own Debt
• Challenge Of Biden Loan Forgiveness Plan Quickly Tossed
• Investor Sues Payment Tech Co. Over Merger
• OCC Examiners' Plan Includes Fintech, Climate Risk Focuses
• CFTC Says Delaware Silver Trader Ripped Off Customers
• Guatemalan Bank Asks Fla. Court To Affirm Arbitration Win
• Currency Buyers Ask To Keep Forex-Rigging Suit Alive
• Wells Fargo Cut Off Card Services After Fiona Hit, Suit Says
• US Sanctions Iran's Interior Minister Over Protest Response
• Walmart 'Feigns Indignation' In Money Transfer Suit, FTC Says
• Celsius Execs Withdrew $17M In Crypto Before Bankruptcy
• Banks' $2B WhatsApp Admission Tees Off Courtroom Battle
• AIG Unit Defeats 401(k) Surrender Fee Suit
• Creditors Squabble At Online Lender's First Ch. 11 Hearing
• US Bank Can't Avoid $20M Life Insurance Suit, Del. Court Told
• Atty Convicted In Mob-Extortion Case Wants Top Court Appeal
• GOP Lawmakers Prod DOJ For Digital Dollar Legal Analysis
• Deals Rumor Mill: Twitter, TikTok, Soros's Nephew
• Companies' Litigation Caseloads Grow Faster Than Spending
• Digital Taxation Is Necessary, But Tough To Manage
• Fund's Loan Subparticipation Deals VAT-Exempt, ECJ Says
• After Banks' $1.8B Texting Fines, Who Will Feel Heat Next?
• Barclays, ICAP's $22.5M Deal OK'd In Benchmark-Rigging Suit
• Barclays Hit With $2M FINRA Fine Over Best Execution Misfire
• GM Financial To Pay $3.5M Over Military Member Lease Flubs
• Bank Investor Wants Maduro-Connected Board Members Out
• CFPB, Mass. AG Rip Credit Repair Co.'s 'Harassing' Depo Bid
• Blockchain Payments Firm's $3.6B SPAC Merger Falls Apart
• Limiting The Scope Of Representation Is Critical For Lawyers
• Funko Inc. To Pay $7M To Settle Investor Class Action
• Citigroup GC On Journey From Midwest To Wall Street
• Latest Ripple Development Highlights SEC's Crypto Approach
• Ex-Amazon Coder Avoids Prison For Capital One Data Breach
• Holland & Knight DC Tax Pro Lands At Foley & Lardner
• UBS To Pay FINRA $2.5M Over Short-Selling Regs Violations
• NY Fed Taps BlackRock's Managing Director For Next GC
• Patomak Picks Up Ex-CFPB Deputy From Alston & Bird
• The CFTC Commish Who Wants Wrongdoers To Fess Up
• Liberty Mutual Says Ceradyne Not Covered For 3M Deal Suits
• Fine Over Bank Texts Signals Books, Records Crackdown
• As Celebs Shill Crypto, SEC Aims To Be Ultimate Influencer
• Deal Maker Seeks To Close 2 Big SPACs After Empty Searches
• CFPB Fines Remittance Biz $950K Over Compliance Slips
• Fintech Lender OppFi Can't Duck Calif. Agency's Usury Claims
• Calif. Bank, Insurer To Settle D&O Coverage Dispute
• Cooperator In Failed $500M Fraud Case Asks For No Prison
• Chipmaker Plans $100B Facility Investment In New York
• EU Confirms Blacklisting Of 3 Island Jurisdictions
• Online Lender Kabbage Says PPP Loan Fights Spurred Ch. 11
• Retailers Lose Challenge To Card Swipe Fees Decision
• Warren's Report Says Zelle Scam Victims Left 'High And Dry'
• High Court Declines To Hear Challenge To Libor Jurisdiction
• FSOC Urges Legislation To Curb Crypto's Systemic Risks
• US Tells 9th Circ. It Has Rights To $380M Award Held In UK
• Dechert's Thierfelder Sees M&A Opportunities Amid Turmoil
• Shearman & Sterling Alum Tapped As Rocket Companies GC
• Justices Seek To Define Key Terms In States' MoneyGram Suit
• Attys Shouldn't Assume Judicial Critique Is Protected Speech
• Billionaire Bros. Can't Dodge $2.5B LA Hotel Project Suit
• Judge's Recusal Won't Get Investors A Redo In Rigging Case
• 'Chrisley Knows Best' Stars Can't Shake Fraud Rap, Feds Say
• FDIC's Gruenberg Pledges 'Measured' Approach On Climate
• Akin Gump Adds New Practice Group Leader From Kirkland
• US Properly Applies FBAR Penalty Per Account, Justices Told
• Citibank Gets NJ Firm's Suit Over Fraudulent Check Tossed
• High Court Agrees To Hear Halkbank Sanctions Fight