Banking Archive » February, 2023

Banking - February, 2023

343 articles

• DOJ Reaches $9M Settlement With Bank Over Redlining Claim
• Murdaugh Ex-Partner Tells Jury Of Anger Over Betrayal
• What To Watch As House Again Picks Up Data Privacy Mantle
• Regulators To Give Voyager Customers First Dibs On Assets
• House Votes To Nix Biden's Socially Conscious Investing Rule
• SL Green Says It Hasn't Received A Dime Of $185M Judgment
• Don't Assume AI Is Smart Enough To Avoid Unintended Bias
• MoneyGram Says CFPB Hiding Chopra's 'Premature' Emails
• How NYDFS Guidance Instructs Crypto-Related Bankruptcies
• Ex-Russian Lawmaker Says RICO Can't Back Up Award
• AmEx Wants Military Class Action Stay Until Arbitration Ruling
• BofA Sued Over Lost Cash Rewards On Closed Accounts
• SEC Admissions Policy Hasn't Led To Big Consequences
• Pandemic Loan Fraudster Extradited From Montenegro
• CFTC Appoints Ex-Akin Gump Atty Director Of Enforcement
• Navigating The DOJ's Latest Corporate Self-Disclosure Policy
• Jewish Org. Can't Seize Properties In Stolen Texts Suit
• Wells Fargo Insurance Unit Still Existed After Sale, Panel Told
• Cleary Expands DC Finance Group With Ex-Willkie Attys
• Reverse-Mortgage CEO Wins Bail Amid Fraud Appeal
• 3rd FTX Exec Cops Plea As Feds Squeeze Bankman-Fried
• German Banker Who Fled To Spain Charged In Cum-Ex Scam
• Justices Say Del. Can't Keep Abandoned MoneyGram Checks
• Chipmakers Can Start Applying For US Subsidies
• 5 Things To Know About CFPB's Latest Trip To High Court
• 9th Circ. Says DAs Can Sue Banks Over Debt Phone Calls
• A Tale Of 2 Altruists Will Proceed Unabridged In Mich. Court
• Lending Org. Sued For Alleged Predatory Loans, Tribal Link
• CFPB Bans Mortgage Lender For Violating Earlier Order
• Fifth Third, BNY Mellon, BlackRock Hit By Chat App Probe
• 2nd Circ. Partially Revives Traders' Metals Antitrust Suit
• Charles Schwab To Face Merger Retail Trade Antitrust Suit
• New US Controls May Deter Outside Support For Russia
• Steps Lawyers Can Take Following Involuntary Terminations
• 7th Circ. Says Co. Doesn't Owe Ex-Salesman Commission
• Justices Should OK Biden's Student Loan Forgiveness Plan
• Proskauer Hires Société Générale's Managing Director In NY
• Investment Firm Gets Quick Win In $4.5M D&O Suit
• 5 Ways Fed Crypto Statement Affects State Member Banks
• Proposed Class Action Accuses Lender Of Tribe-Linked Usury
• TD Bank To Pay $1.2B To End Stanford Ponzi Suit
• Wells Fargo Can't Duck Ex-Worker's Relocation Bonus Dispute
• High Court Will Hear Challenge To CFPB Funding
• EU Sanctions 3 More Russian Banks, National Wealth Fund
• BofA Urges NC Supreme Court To Toss Mortgagors' Fraud Suit
• CFPB Stands By Changes To Its In-House Proceeding Rules
• Murdaugh Says Firm Thefts Aren't Tied To Murders Of Family
• New SEC Rules Put Spotlight On Exec Trading Plans
• 5th Circ. Says Landry's Owes Chase $20M In Data Breach Row
• Voyager Equity Holders Denounce Proposed FTX Loan Deal
• BofA Allegedly Misled Small Cos. On PPP Loans, Suit Says
• Why More Newly Public Companies Could Go Private
• 4 Red States Sue To Stop SEC's Proxy Vote Disclosure Rule
• GOP States Aim To Block Labor Dept.'s ESG Investing Rule
• NY Law Alters Foreclosure Timeliness Framework Post-Engel
• High Court Ax Of Atty-Client Privilege Case Deepens Split
• CFPB Moves To Force Debt Collector To Supply Info In Probe
• Goldman Says More Regulators Probing Its Credit Card Biz
• A Lender's Guide To Going-Concern Qualifications
• Banks On Notice As Prudential Regulators Catch Crypto Bug
• Ukraine War Anniversary Brings New Export Controls, Tariffs
• UK Litigation Roundup: Here's What You Missed In London
• TD Gets Regulatory Approval For $1.3B Cowen Acquisition
• Financial Crime Watchdog Suspends Russian Membership
• 4th Circ. Rejects Tribe-Linked Lender's Rehearing Bid
• Regulators Caution Banks On Crypto Deposit Liquidity Risks
• Payment Card Co. Taps Ex-CFPB, O'Melveny Atty As CLO
• Judge Rejects Golden Corral's Recusal Bid, Implies Discipline
• Tribes Owed Immunity In Bankruptcy Cases, High Court Told
• CFPB Fines Title Lender $10M For Military Borrower Lapses
• FTC, SEC, NY Regulators Blast Voyager's Ch. 11 Plan
• Justices Urged To Affirm 6th Circ. OK Of IRS Firm Summonses
• Community Banks Merge In $68M Deal Led By 2 Firms
• Pharma Exec Traded On Kodak COVID Loan Info, Feds Say
• CFPB Brings RESPA Reminder To Mortgage Comparison Sites
• Fintech Co. Says Users Agreed To Website Activity Recording
• 'Money Mule' Laundered $35M For Internet Scams, Feds Say
• Tearful Murdaugh Denies Murders But Admits Lying And Theft
• SEC Gets Second Shot At Case After Rare Mid-Trial Defeat
• Ozy Media, CEO Accused Of Widespread Investor Fraud
• Bankman-Fried Exploited Code 'Loopholes,' New Charges Say
• 'Cunning' Murdaugh Misused Firm Credit Card, Jury Told
• Reverse Mortgage Trust Gets OK For $15M DIP Settlement
• High Court's Securities Litigation Docket Just Got Lighter
• Republican Ex-Sen. Patrick Toomey Joins Apollo's Board
• HSBC Says It's Close To Settling SEC, CFTC Texting Probes
• Circuit Split Complicates US Discovery In Foreign Tribunals
• 4th Circ. Revives Suit Against Equifax Unit, Citing TransUnion
• SPAC Settles Claims Tied To Alleged $1.2M Embezzlement
• Facing Commercial Loan Disclosure Laws In NY And Beyond
• SEC Approach To Kraken Is Only Temporary Fix For Crypto
• 3 Job Satisfaction Questions For Partners Considering Moves
• Fraud Study Reflects Juror Assumptions About Intent
• Ga. Court Backs Orix's Win Over Interest Rates Suit
• Societe Generale Inks $157M Deal In Stanford Ponzi Fight
• SEC, CFTC Looking Into Wells Fargo Employees' Messaging
• Custodia Back For Round 2 In Federal Reserve Account Fight
• Crypto Co. Paxos Says It'll Fight The SEC In Court If Talks Fail
• 9/11 Plaintiffs Can't Collect $3.5B From Afghan Bank
• Is Boycotting Israel A Protected Right? Justices Won't Wade In
• Custody Takeaways After NY Crypto Guidance, Bankruptcies
• 5 Steps For Subscription Line Lenders Amid Fundraising Dip
• 4 Exercises To Quickly Build Trust On Legal Teams
• Justices Turn Away Convicted Mobster's Fight To Get Counsel
• Ex-Con Allegedly Posed As GC, BigLaw Atty In Epstein Scam
• CIBC, Cerberus Ink $770M Deal Over Missed Loan Payments
• Debt Case Arbitration Award Was Biased, NJ Court Told
• Lender Must Face All Charges At $932M COVID Fraud Trial
• BlockFi Seeks End Of SBF-Owned Entity's Ch. 11 Case
• Credit Co. Cites CFPB's 'Unconstitutional Funding' In Suit
• Catching Up With Delaware's Chancery Court
• Ill. Appeals Court Says Bank Can Collect on $7.8M Judgment
• Credit Suisse Investors Can't Get A New Trial In Forex Case
• Former Bond Trader Pleads Guilty to $65M Lending Scheme
• USAA Can't Lean On Exam Privilege In Military Borrower Case
• Sanctioned Ex-Broker Says He's Entitled To His IRS Tax Docs
• What To Watch In NY Financial Regulators' Upcoming Agenda
• Bank of America Dodges $150M Hawaii Loan Suit
• FTX Japan Moving Toward Release Of Customer Accounts
• How Partial Invalidation Of ERISA Guidance Affects Advisers
• 6 Ways Dealmakers Can Get Ahead In An Economic Slump
• UK Litigation Roundup: Here's What You Missed In London
• Mob Mentality: DOJ Wields RICO With Mixed Results
• Class Attys Want $750K In $2.2M TD Bank Credit Card Row
• How The Bruised SPAC Market Is Navigating Turbulence
• German Court Won't Consider Claim Of Cum-Ex Judges' Bias
• Wash. Justices Look At Statute Of Limitations In A Foreclosure
• Options Clearing Co. To Pay $22M To Settle SEC, CFTC Claims
• CryptoQueen's Ex-Beau Gets 5 Years For OneCoin Laundering
• SEC Sues Terraform, CEO Do Kwon Over Stablecoin Collapse
• FinCEN Blasted Over Beneficial Ownership Registry Plan
• NY Foreclosure Notice Ruling Is A Win For Lenders
• FCC Seeks To Cut Off Robocaller That Impersonated Banks
• Retirement Groups Urge SEC To Abandon Fund Proposal
• Lender's Tribal Link An 'Elaborate Charade,' Suit Says
• Credito Real Cleared For $62M Sale Of US Asset In Ch. 15
• Feds Rip Ex-Goldman Exec For 1MDB Sentencing Objections
• Feds Seek 1 Year For DC-Area Pot And Laundering Plot
• CFPB Says Credit Card Cos. 'Suppressed' Data To Foil Rivals
• Truist Selling Insurance Biz Stake To Stone Point For $1.95B
• 8 Steps To Improve The Perception Of In-House Legal Counsel
• Convicted, Disbarred Atty Won't Get New Mortgage Fraud Trial
• Debt Capital Markets Show Signs Of Thawing In Early 2023
• DOJ's Fraud Section Hits Trial Record, Corporate Cases Slide
• 3 Banks Get Initial OKs For $48M Deal In Libor-Rigging Case
• Warren To Hsu: Just Say No To Anti-Competitive Bank Mergers
• Equifax Says Mistake Caused Inaccurate Credit Reports
• Credit Suisse Cuts $23M From Damages In Vegas Fraud Case
• S&P Wants Antitrust Suit Over Securities ID Numbers Killed
• What Harsh COVID Fraud Sentences Mean For Defense Attys
• Ex-Stanford Law Dean Signed Bankman-Fried's Bond
• FDIC Calls Out Crypto Exchange, 3 Others On 'Misleading' Info
• Texas Brothers Convicted Of $3.6M Bank Fraud
• Reverse Mortgage Servicer Still Fighting Over DIP
• Judge Says BofA Can't Trim Tax Interest With Merrill Payments
• Procedure Rule 7.1 Can Simplify Litigators' Diversity Analysis
• VC Firm Sequoia Latest To Be Hit With FTX Suit
• Celsius Creditors Get 3 Weeks To Look At Ch. 11 Plan Outline
• Regulators Are Setting Sights On Crypto Market Manipulation
• SEC Approves Rule To Shorten Stock Settlement Times
• SEC Eyes Crypto Assets In New Adviser Custody Proposal
• FTX Judge Rejects Bid For Independent Ch. 11 Examiner
• Murdaugh Used Check From Name Partner In Fraud, Jury Told
• Ocwen Can't Escape Whistleblowers' Foreclosure Fraud Suit
• Chicago Atty Central To Bank Embezzlement, Jury Hears
• Questions Surround NY's Controversial New Foreclosure Law
• Covington Blasts SEC's 'Fishing Expedition' Against Clients
• How Companies Could Define 'Social' In ESG Metrics
• How Courts Are Deciding Standing In Fla. Robocall Cases
• TransUnion May Settle With CFPB, FTC Over Tenant Screening
• DOJ Closes Antitrust Labor Probe Of Fintech Co.
• Trump Can't Nix $110K Sanction In NY AG Case, Court Says
• Bankman-Fried Can't Use VPN After Super Bowl Blunder
• It's Time For Crypto To Prioritize Travel Rule Compliance
• CMS Advises NatWest's £144M Bid For Pensions Tech Biz
• FTX Customers Want Fraud Suits Grouped In Florida
• Judge Stays SEC And CFTC Cases Against Bankman-Fried
• CFPB Wins $134M Restitution, $33M Penalty From CashCall
• Securities Group Wins Partial Invalidation Of ERISA Guidance
• Treasury Exempts New Zealand, UK From CFIUS Regs
• HNA Says Turnover Order Is Barred Under NY, Del. Law
• SEC Probes Binance Stablecoin As NY Halts Its Production
• Top Bank Trade Exec Rattles Litigation Saber At 'Rogue' CFPB
• Pa. City's Receiver Empowered To File Ch. 9, Court Told
• 2nd Circ. OKs Atty's Debt Account Review Process
• Detroit Agency To Pay $1.5M In False Claims Settlement
• Ex-Minneapolis Public Defender Lied On Taxes, Feds Say
• NC Man And Experian Agree He's Alive, Settle Suit
• The Terms Every Monitorship Agreement Should Include
• Hogan Lovells Partner, Ex-AG Joins Cannabis Platform Board
• Dentons Hires Valvoline M&A Pro For Corporate Group
• Treasury Official Says Too-Big-To-Fail Merger Rubric Needed
• Roche Rips Bank's Counterclaims In $87M Test Strip Row
• Murdaugh's Check Cashing Halted Before Murders, Jury Hears
• 9th Circ. Says Credit Union's TM Fight Wrongly Sent To Trial
• Case Delay Will Turn Debt Firm To 'Pile Of Ashes,' Atty Warns
• PayPal Says CFPB Closed University Loans Investigation
• TransUnion Sued Over Data Breach Affecting Up To 200 Million
• Credit Union Should Pay Punitives In Scam Suit, Judge Told
• US Trustee Says FTI Too Conflicted To Work On FTX Ch. 11
• JG Wentworth Adds Compliance VP From Newly Acquired Co.
• House GOP Leaders Query SEC On Bankman-Fried Arrest
• Law360 Seeks Members For Its 2023 Editorial Boards
• 2nd Circ. Rejects Ex-Credit Union CEO Corrupt-Payout Appeal
• Robins Kaplan Adds Gov't Relations Atty From Jackson Lewis
• New AML Law May Be Key Tool To Enforce Russia Sanctions
• Atty Conflict Discussions In Idaho Murder Case And Beyond
• Top OCC Lawyer Calls For 'Better Mousetrap' In Bank Mergers
• UK Litigation Roundup: Here's What You Missed In London
• Murdaugh Confessed To Atty Friend About Thefts, Jury Hears
• Tribe-Linked Lender Accused Of Usurious Behavior
• Ex-Trader Tells Justices 2nd Circ. Wrong On RMBS Fraud
• Sidley-Led Solar Firm Leads Two IPOs Raising $828M Total
• Tribe-Linked Lender Wants Out Of RICO Suit
• Kraken To Pay SEC $30M And End Crypto 'Staking' Program
• 11th Circ. Ruling Highlights Notice In Ch. 11 Modifications
• Deals Rumor Mill: Adani, Carlyle, Restaurant IPOs
• No MDL Status For Claims Against Firm Tied To Disbarred Atty
• Pal Of 'Lottery Lawyer' Under House Arrest After New Charges
• 5th Circ. Weighs Impact Of Atty Assault Charge In PPP Dispute
• UK Hedge Fund Exec Gets Oct. Trial In NY Forex Fraud Case
• Why The Original 'Rocket Docket' Will Likely Resume Its Pace
• Monitoring Of Bankman-Fried's Texts Likely After GC Contact
• Credit Suisse Acquires Boutique Investment Biz For $175M
• Wachtell Leads Smucker's $1.2B Pet Food Sale To Post
• DOJ's New Cooperation Carrots May Not Whet Cos.' Appetites
• Societe Generale Swept Up In SEC Texting Probe
• Ga. Judge Says Guarantors Owe $8.7M In Contract Case
• Crypto ATM Operator Cash Cloud Files For Ch. 11 In Nevada
• Chinese Exile Seeks 5th Amendment Protection In Ch. 11 Case
• Ex-SEC Enforcer: WhatsApp Fines Test Limits Of Cooperation
• Va. Magistrate Floats Contempt Order In Migrant Bond Fight
• Court Urged To Keep Suit Over IRS Crypto Doc Seizure Alive
• 9th Circ. Judges Doubt Meta's 'Boilerplate' Risk Disclosures
• NRA Asks Justices To Review NY Regulator's 'Blacklisting'
• 3rd Circ. Upholds Truist's Win In $5M Insurance Row
• Conn. Judge Hits Aircraft Supplier With Long Fraud Sentence
• What To Expect This Proxy Season With New Exec Pay Rules
• House GOP Pushes For Relaxed Limits On Private Offerings
• CFPB Redlining Loss Casts Doubt On Its Fair Lending Future
• Examining 4 Areas Where DOJ Faced Recent Setbacks
• Crypto Coverage After FTX Fall: Crime And Custody Coverage
• Fried Frank Grows Asset Management Team With Dechert Atty
• A Primer On Avoidance Actions In Crypto Bankruptcies
• Bank Defends Stewardship Of Thomas Hart Benton's Work, IP
• Proskauer Adds Employment Partner To LA Office
• Celsius Borrowers Seek Return Of Crypto Collateral
• Fed's Climate Risk Management Pitch Gets Divided Feedback
• Insurer Sanctioned For 'Misleading' Court In Utah Bank Spat
• Bankman-Fried Appeals Decision To Unseal Bail Sureties
• Visa Again Sued For Docs In Shareholder Child-Porn Probe
• NC Bottling Co. Wants $11M Win Over No-Shows In Scam Suit
• Bank Cuts $100M Deal With $24M Fees In Stanford Ponzi Fight
• Wells Fargo Investors Ink $300M Deal In Auto Insurance Suit
• Watchdog Urges Release Of IRS' Communications With FTX
• Signature Bank Aided FTX Fraud, Suit Says
• The Discipline George Santos Would Face If He Were A Lawyer
• Russian Oligarch's Associate Charged In Sanctions Case
• Financial Services, Fintech Are Top CFPB Areas To Watch
• Fannie, Freddie Profit Sweep Retrial Set For Late July
• Voyager Judge Agrees To Appoint Ch. 11 Fee Examiner
• Bank Secrecy Act's Crypto Expansion Is On The Horizon
• Worker Says KPMG Made Up Layoff To Hide Bias
• Ex-Bank VP Gets 15 Months For Forging Letters To Court
• Feds Say Ex-FBI Trainee Can't Ax Statements In Trading Case
• Chinese Tax Service Provider Trading Down After $16M IPO
• Bank Botched Artist Benton's Trust By $400M, Judge Hears
• Tribal Org. Says Bank Discriminated Due To Ritual Peyote Use
• Judge Approves $26M Deutsche Bank Deal Over Epstein Ties
• Majic Wheels, OceanTech Slam Brakes On $333M SPAC Deal
• Celsius Shareholders Seek Shield From Customer Claims
• UBS, Ohio Insurer Agree To Drop Consumer Fraud Claims
• FTX, Trustee Urged To Negotiate On Ch. 11 Examiner
• Bank Group Tells 4th Circ. To Back PNC Over Withdrawal Suit
• Man Accused Of $3M Loan Fraud Extradited From Morocco
• Ex-Goldman Banker Can't Inspect Recording Device, Feds Say
• HNA Group Says SL Green Already Received Owed Judgment
• Chicago Investment Adviser Pleads Not Guilty To $683K Fraud
• Catching Up With Delaware's Chancery Court
• NY Judge Tosses Commercial Lenders' 'MidCap' TM Battle
• Trump Seeks To Revive Bid To Toss NY $250M Tax Fraud Suit
• FinCEN Report Holds Key Russia-Linked Risk Considerations
• Real Estate Co. Hits Cash Advance Cos. With RICO Suit
• Banking Group Of The Year: Sullivan & Cromwell
• Kramer Levin Adds Ex-Akin Gump Debt Finance Atty In NY
• Synchrony Investors Nab Cert. In Suit Over Walmart Exit
• FDIC Ding Of Fintech Partner Bank May Signal Tougher Stance
• Chicago Lender Slips CFPB Redlining Suit Over Radio Remarks
• Another PTAB Loss For Bank Of America In Mobile IP Row
• Wells Fargo 'Reckless' Fund Purge Lost $500M, Investors Say
• Schwab Gets Traders' 'Best Execution' Suit Sent To Arbitration
• Block & Leviton Asks $525K For Gaining Bit Digital Settlement
• Ex-Ark. State Sen. Gets Almost 4 Years For Tax Fraud, Bribery
• Wigdor Beats Leon Black's Sanction Bid In Rape Suit
• DC Circ. Reverses PayPal Fee Disclosure Win In CFPB Suit
• Jay-Z, Bacardi End Cognac Feud With Partial Buyout Deal
• HNA Group Can't Sell New York Property, Judge Says
• NJ Regulators Target 3 'Pig Butcher' Crypto Sites Over Scams
• Ex-Xerox Exec Claims He's Owed $15M After Icahn Takeover
• Davis Graham Forms New Property Rights Practice In Denver
• A Litigation Move That Could Conserve Discovery Resources
• UK Litigation Roundup: Here's What You Missed In London
• Man Who Laundered $30M Convicted After Fleeing Amid Trial
• Sullivan & Cromwell Slams 'Harassing' FTX-Related Subpoena
• Labaton Sucharow To Rep Investors In Opendoor Tech Suit
• Crypto Bank Revamps Compliance Team After OCC Flags
• SEPTA's $15M Deal With Pa. Bank Gets Preliminary Blessing
• Ex-Ubiquiti Employee Cops To $2M Extortion For Stolen Data
• House Republican Rips DOJ Over Incomplete AML Filing Stats
• SEC Flags Off-Book Communications At Ratings Agencies
• NY Budget Proposal Includes Bank Overdraft Fee Crackdown
• Class Action Targets Lender Over Purported Tribal Ownership
• Sports Media Co. Hid Soccer Bribes From Banks, Jury Hears
• Binance Hires Ice Miller For New Lobbying Efforts
• DC Circ. Doubts Bank Can Be Sued For '98 Embassy Attacks
• Litigators Should Approach AI Tools With Caution
• Deals Rumor Mill: Bed Bath & Beyond, Stripe, Twitter
• Fla. Broker Defends Antitrust Suit Over Boycott Via Facebook
• Tips For Sanctions Screening Of Non-Latin Language Entities
• 8th Circ. Upholds $14M Fee Award On $5.4M Judgment
• LendingTree Breach Should Be Arbitrated, NC Magistrate Says
• TransUnion Faces Challenge To Overturned $18.3M Verdict
• Ex-Exec Says Wells Fargo Made Her A Pariah In Sales Scandal
• Banking Group Of The Year: Mayer Brown
• For White Collar Practitioners, Tone Of Garland Memo Is Key
• Rep. Hill Previews Coming Congressional Crypto Action
• KeyBank Data Breach Claims Centralized In Georgia MDL
• SEC Sues CEO For Fleecing Investors Via Penny Stock Sales
• Calif. Regulator Seeks Injunction In $100M OppFi Usury Fight
• Voyager, Creditors Blast $75M Alameda Loan Payment Claim
• NY Banking Agency Adopts Small Biz Loan Disclosure Rule
• 3 Wobbly Defenses From Bankman-Fried's Substack Post
• Bankman-Fried Can't Contact FTX Staff, Judge Orders
• Hinshaw Expands In Texas With 7-Atty Dallas Office
• Agency Actions Show Shared Focus On Digital Ad Tactics
• Judge Rips Trump's Reply To AG's $250M Suit, Vows Oct. Trial
• Crypto Coverage After FTX Fall: Accountant And Atty Liability
• Court OKs Settlement In City National Redlining Suit
• Celsius Ch. 11 Ruling Reminds Clear Contract Terms Govern
• Pot Delivery Service CEO Admits To $3.5M Laundering Plot
• Barclays Tells Top Court Quincecare Will Create A 'Schism'
• Banking Group Of The Year: Orrick
• CFPB Calls For Sharp Cuts To Credit Card Late Fees