Banking Archive » July, 2023

Banking - July, 2023

327 articles

• CFPB Can't Call Services 'Promises,' Credit Repair Co. Says
• Judge Won't Toss SEC's Terraform Suit, Rejects Ripple Ruling
• Strip Club's PPP Suit In Peril As Magistrate Judge Backs SBA
• PTAB Rejects Bid To Amend Security Processor Patent
• Buyers Want Rethink On Rabobank Chicken Price-Fixing Case
• Credit Repair Co. Strikes Deal For Ch. 11 Loan, Sale Plan
• CFPB's Small Biz Loan Data Rule Halted For Myriad Banks
• Deutsche Bank Urges Chancery To Stop Vik's 'Perfect Crime'
• 5 Firms Win Record $266.7M Fee From $1B Dell Settlement
• Investors With ESG Aims Should Heed Antitrust Reporting Rules
• Catching Up With Delaware's Chancery Court
• An In-Depth Look At FDIC Reform Options After Bank Failures
• Ex-SVB Atty Rejoins Simpson Thacher As Partner In New York
• 3 Firms Lead Francisco Partners, TPG In $6.5B New Relic Buy
• The Compliance Chiefs Who've Faced Legal Hot Water In '23
• Law Firm's Suit Demanding Clear SEC Crypto Rules Gets Axed
• Law Firms Want Ariz. Tribal Court Barred In Retainer Suit
• JPMorgan Says Epstein Investor Suit Claims Still Insufficient
• Nearly $200M Navient Student Loan Deal Gets Initial OK
• BNP Paribas, Morningstar Latest To Reveal Chat App Scrutiny
• Libor Investors Ask Justices To Decide When Claims 'Foreign'
• Stablecoin Bill Passes House Committee After Daylong Debate
• When Investment Banks Can Sell Real Estate In Calif.
• Texas Cases To Watch: 2023 Midyear Report
• Hedging Variable Interest Rates In A Volatile Market
• UK Litigation Roundup: Here's What You Missed In London
• Goldman Can't Hide In-House Counsel's Name In 1MDB Suit
• Ex-HSBC Exec Says Ciminelli Should End $3.5B Fraud Rap
• Ill. Atty Board Pushes 3-Year Suspension For Ex-Alderman
• BofA Customer Sues Over Unpaid Credit Card Bonus
• CFPB Report Highlights Abusive Consumer Financial Tactics
• FTX Customers Say Crypto Banks Helped SBF Steal $8B
• 4½ Years For Financier Who Lied To Become Virus-Era Lender
• BofA COVID Card Suit Missing 'Crucial' Info, NJ Judge Says
• Mallory Gives Plaintiffs A Better Shot At Justice
• Romance Scammer Gets 4 Years For 'Unspeakably Cruel' Con
• Feds Say Man Who Jilted Payroll Tax Lied To Get PPP Loan
• Puerto Rico Bank Seeks To Halt Closure Of Master Account
• CRA Plays Role In DOJ Fight Against Redlining
• Feds Drop Campaign Finance Charge Against Bankman-Fried
• Feds Unveil Plan To Raise Bank Capital Requirements
• Ex-1 Global Chair Used Investor Money For Himself, Feds Say
• PetroSaudi Will Bring $380M Award Fight To High Court
• Feds Ask To Halt JP Morgan's $175M Frank Buyout Suit
• Colo. Panel Grills State Atty In Securities Fraud Appeal
• Fannie, Freddie Shareholders Target Accountability In Retrial
• DC Circ. Backs Visa, Mastercard ATM Fee Antitrust Classes
• FDIC Commits To Improving Cloud Computing Shortcomings
• Investment Firm To Pay $3M For Stolen Money, Forgery Claims
• Divided SEC Finalizes Cybersecurity Rule For Public Cos.
• PNC Fraud Investigator Sues Over OT Exemption
• DWS Group Preps For SEC Deal Over Alleged Greenwashing
• SVB Parent Floats $12.5M In Bonuses For Top Execs
• Key Considerations For Negotiating Sponsor Guaranties
• Barnow, Levin Sedran Are Lead Co-Counsel In Data Leak Suit
• Pa. University Cuts $2.7M Deal In Claims It Kept Loan Funds
• Feds Want 3 Years For Recidivist Mortgage Fraudster
• Feds Say Bankman-Fried Should Be Jailed Ahead Of FTX Trial
• Pelicans Star Williamson, Family Sued Over $2M Unpaid Loan
• These Firms Have The Most Diverse Equity Partnerships
• Bank Groups Slam Fed's Stress Test 'Secrecy' As Unlawful
• Equifax Under CFPB Scrutiny Over Its Employee Data Biz
• Leon Black Accused Of Raping Autistic Teen At Epstein Home
• Covington May Face Uphill Battle If It Appeals SEC Win
• DOJ To Make First Rule For Making Gov't Websites Accessible
• Crypto Fund Wants $2M Freed From SEC's Pot Ponzi Suit
• Banc Of California, PacWest Ink Tie-Up Steered By 4 Firms
• Wyden Presses Leon Black To Disclose Epstein's Tax Advice
• Credit Unions' Trademark Feud Rolls Into The Supreme Court
• Catching Up With Delaware's Chancery Court
• Legislation Before Congress Could Reshape Crypto's Future
• AmEx Bank Unit Fined $15M Over 3rd-Party Affiliate Oversight
• Flagstar Bancorp Says Customers Can't Prove Hack Injury
• DC Circ. Ruling Could Mean FINRA Hearings Are On Thin Ice
• Otterbourg Taps Ex-Deutsche Director As Securities Lead
• Forex Ruling Signals 'Permissive' Approach To Class Actions
• Celsius Founder Taps Defense Pro Mukasey For Fraud Case
• Ford O'Brien Hit With $20M Malpractice Suit
• From 'Citizen Of The World' To Chief FCPA Enforcer
• Law360's Diversity Snapshot: What You Need To Know
• Libor-Rigging Case Against Ex-Rabobank Trader Dropped
• To Survive Scrutiny, Banks Should Craft Careful D&O Policies
• Firms Seek To Co-Lead TD Bank First Horizon Deal Suit
• Class Rep Wins Appeal To Revive £2.7B Forex Action
• Big Lenders Should Bear More Failed Bank Costs, FDIC Told
• Horizon Bank Can't Escape Ex-Customer's Racial Bias Suit
• BofA Charged $15 'Junk Fee' On Child's Allowance, Suit Says
• Student Loan Borrowers Strike $200M Relief Deal With Navient
• BNP Paribas Denies Funding Sudan's Rights Abuses
• Rabobank, Lloyds, Other Banks Reach $101M Libor Deal
• Covington Must Hand Some Client Names To SEC
• Feds, Insider Trading Suspect Spar Over BigLaw Binder Info
• SEC v. Ripple Labs Decision Could Change Crypto Regulation
• Feds Should Clear The Air Around 'Junk Fees'
• NJ Jury Awards Mortgage Servicer $22.6M In Contract Spat
• Financial Firm Says Pa. Atty Improperly Took Referral Fees
• Bankman-Fried Says Giving Docs To NYT Was Free Speech
• UBS To Pay $387M In US, UK Fines Over Credit Suisse Lapses
• Mintz Adds Ex-Goodwin Counsel As Member In DC
• Courts Can Overturn Deficient State Regulations, Too
• Epstein Victims Serve FBI With Notice Of $600M Class Suit
• 6 Things To Know As States Eye Earned Wage Access Rules
• Merchant Services Co. Must Face Autodialer Class Suit
• 'Econ 101' Can't Keep Rabobank In Chicken Price-Fixing Suit
• Celsius Seeks OK To Settle Customer Fraud Claims
• 9th Circ. Disconnects TCPA Filer's Suit Over Business Line
• Fannie, Freddie Investors Set For Retrial Over Profit Sweeps
• Harsh 11th Circ. Rebuke Should Inspire Changes At CFPB
• Acquitted Ex-Forex Trader Seeks DOJ Antitrust Docs, Again
• Ripple Ruling Is A Critical Win For Crypto Industry
• New Jersey Firm Fights Debt Adjustment Practice Limits
• LendingTree Inks $875K Deal Over NC Data Breach
• PE Firm Sues Pay Tech Co. Bolt Financial Founder In Del.
• Bankman-Fried Leaked Ex's Diary, Feds Say In Gag Order Bid
• Biggest Washington Decisions: A 2023 Midyear Report
• Trader Loses Bid To Block US Extradition For Insider Trading
• UK Litigation Roundup: Here's What You Missed In London
• Tales From The Trenches Of Remote Depositions
• Bank Failures Boosted Shareholder Suits, Report Finds
• Terraform Says FTX Docs Are Crucial For Its SEC Defense
• US Sanctions More Russian Energy, Industrial Players
• FDIC Sued Over Bank Guidance For Overdraft Fees
• TD Bank Must Face Black Ex-Worker's Bias Suit
• Crypto Suit Over Reporting Rule Tossed For Being Premature
• Wash. Court Says Bankruptcy Doesn't Start Foreclosure Clock
• Wells Fargo Settles NC Home Appraisal Racial Bias Suit
• $12M Deal With $4M Atty Paycheck OK'd In TD Bank ATM Suit
• CFPB Sues Snap Finance Over Financing Agreements
• CFTC, Private Sector Actions May Aid Carbon Market Integrity
• 3 Alternatives To CRE Collateralized Loan Obligations
• Deutsche Bank Denies Initiating Failed Case Against Ex-Trader
• Ga. Banking Brief: All The Notable Compliance Updates In Q2
• CFPB's Chopra Keeps Focus On Junk Fees Even As They Fall
• Morgan Stanley, Goldman Want Out Of Archegos Suit, Again
• BofA Brass Sued Over $225M SEC, CFTC Texting Probe Fines
• 3rd Circ. Takes Up Trustee Appeal Over FTX Ch. 11 Examiner
• Sterling Bancorp Sentenced To Pay $27M For Securities Fraud
• Pa. Justices OK Per-Person Test For Damages Fairness
• Broker-Dealers Must Prepare For Daily Calculation Rules
• Real Estate Rumors: Prestige, JSB Capital, M&T Bank
• Broker Refiles Antitrust Suit Against Phoenix Suns Owner
• Fed Fines Deutsche $186M Over AML, Sanctions Controls
• Proposals By Fed's Barr Could Mean Big Changes For Banks
• Wells Fargo Says Investors 'Made Up' Key Sham Hiring Claim
• SEC Fines Fifth Third Securities Over Muni Bond Disclosures
• Banker Says He's Been Wrongly Sanctioned For Russian Ties
• UBS Escapes Couple's Suit Over Disclosed Bank Account Info
• Feds Seek To Seize $58M Linked To Crypto-Tied Deltec Bank
• Ex-Nevada Bank CEO Named Receiver For Crypto Custodian
• FinCEN Rules Ignore Law's Intent, AML Experts Say
• Ex-Wells Fargo Exec Says Jury Should Hear Retaliation Case
• 7 Trials To Watch In The Second Half Of 2023
• How Multiagency Sanctions Enforcement Alters Compliance
• No Conspiracy In Terrorism Banking Suit, Justices Told
• Ozy Media Founder Says Fraud Indictment Thin On Details
• Ex-Finance Co. CEO Owes $9M In Trade Secrets Fight
• Catching Up With Delaware's Chancery Court
• Fla. Banking Brief: All The Notable Compliance Updates In Q2
• Fraudster Tricked Investors Over Tesla Stock Buys, Feds Say
• 5th Circ. Tables FDIC Challenge For High Court's SEC Ruling
• CFPB To Start 'Informal Dialogue' With EU On Digital Finance
• Ex-Navient Exec Sees Jury Award Cut In Wrongful Firing Suit
• Chinese Investors Say Wash. Brothers Bilked Them Of $150M
• SEC's Gensler 'Disappointed' In Ripple Ruling, But Undeterred
• Anderson Kill Taps Boutique Leader For Corporate Practice
• Court Won't Toss Monopolization Case Over Securities IDs
• PDVSA Seeks Impossibility Defense For $55M In Unpaid Notes
• Block Inc. Sues Visa, Mastercard Over Interchange Fees
• NY Court Sends Mixed Signals On Contested Foreclosure Law
• Expect CFPB Scrutiny On AI In Lending
• The Supreme Court Is At War With Itself On Extraterritoriality
• NYSE Owner, Black Knight 1 Step Closer To $11.7B Deal
• Cos. Need To Pay Attention To NY's LLC Transparency Act
• Ex-San Francisco Utility Boss Convicted Of Taking Bid Bribes
• SEC, Ripple Likely To Head To 2nd Circ. After Token Ruling
• USVI Seeks $190M From JPMorgan In Epstein Suit
• Judge Slams Ex-Frank Exec's Bid To Exit JPMorgan's Suit
• GC For Public Company Auditor Watchdog Steps Down
• Ex-HSBC Rep Says Whistleblower Retaliation Suit Must Go On
• Texas Justices To Tackle 5th Circ.'s Loan Acceleration Queries
• Lender Settles Suit Calling Tribal Link An 'Elaborate Charade'
• Student Loan Servicers Accused Of $1B Wrongful Collections
• Appeals Court Says Lenders Must Face Power Plant Suit
• NJ Couple, US Gov't Settle $500K FBAR Penalty Dispute
• Feds Say Crypto Maven's Latest Con Merits Bail Revocation
• Long Island Man Admits Role In $10M COVID Loan Fraud
• EPA Unlocks $20B For Community Climate Projects
• Level Up Lawyers' Business Development With Gamification
• Customers Sue BofA Over Fake Accounts After CFPB Fine
• Employer Steps To Protect DEI Plans Post-Affirmative Action
• CFTC Actions Signal Its Lead Role In Carbon Offsets Policing
• Attys Want $16.8M For Societe Generale Rate-Rigging Deal
• UK Litigation Roundup: Here's What You Missed In London
• Republican AGs Warn CEOs About Bias After Harvard Ruling
• REIT Makes Competing Bid For Fellow Mortgage Trust
• Chase Seeks Ax Of Alleged Mob Airline's 'Scandalous' Suit
• Online Tribal Lender Can't Arbitrate RICO Suit, Court Told
• Lender In Tribe-Linked Usury Suit Settles With Ill. Borrowers
• Ohio's Guardian Savings Bank Must Face Robocall Suit
• Ex-Mozambique Official Denies $2B 'Tuna Bond' Charges
• Quarles 'Very Convinced' Fed's Stress Tests Are Illegally Run
• Goldman Workers Seek $78M Atty Award After Sex Bias Win
• Mallory Ruling Leaves Personal Jurisdiction Deeply Unsettled
• NY Banking Brief: All The Notable Compliance Updates In Q2
• 2nd Fintech Exec Vows To Fight $175M JPMorgan Fraud Case
• NY, NJ Regs Give Clarity To Cannabis Investors, Ancillaries
• OFAC Head Who Crafted Russian Sanctions To Lead FinCEN
• Senate Witnesses Debate Role Of Regulators In Bank Mergers
• Deals Rumor Mill: AXA SA, Syngenta, Bain Capital
• Ripple, SEC Claim Victories In Split Ruling On Token's Status
• UBS Gets Nod On $2.5M Tax Reporting Deal With Bondholders
• Celsius Founder Indicted As Feds Ramp Up Crypto Offensive
• BofA Wants More Claims Clipped In COVID Relief Fraud MDL
• Congress Urged To Stop 'Hijacking' Of Shareholder Proposals
• Ex-CFPB Chief Rips 'Abusive' Agency He Led Under Trump
• ATM Maker Diebold Gets OK For $2.1B Ch. 11 Debt Swap
• Citibank's Argentina Branch Can't Sue Ex-Exec, 2nd Circ. Says
• Attorneys Want $6.1M For Zillow Class Action Settlement
• SEC Proposes Speedier Customer Deposits For Brokers
• 2nd Exec At Startup Charged With $175M Fraud On JPMorgan
• Conn. Co. Stymied By SVB Collapse Faces $3M Judgment Bid
• Biden's 3 Federal Reserve Picks Move Ahead To Full Senate
• Ex-Mozambique Official Extradited In $2B 'Tuna Bond' Fraud
• Despite Economic Ambiguity, Restructuring Still Strong In '23
• Pryor Cashman Takes Over Fraud Case Of Bannon Ally Kwok
• Willkie Adds Regulatory Partner In DC
• Prepare For Bank Examiners' New Focus On Liquidity
• 5 Ways Firms Can Rethink Office Design In A Hybrid World
• Divided SEC Approves Reforms To Money-Market Fund Rules
• Silvergate Wants Investor Suit Over Crypto Ties Axed
• Patent Board Agrees To Dig Into More Fintiv Patents
• 10th Circ. Backs Fed Ban Of 2 Bankers In Trade Secrets Case
• Twitter Is Collecting State Money Transmitter Licenses
• BlockFi Says Hong Kong-Based Lender Ran Off With $6M
• In The CFPB Playbook: Abuse Policy, PACE, Payment Apps
• BofA Fined $150M By CFPB, OCC Over Fees, Credit Cards
• Mortgage Servicer's Flubs Led To $40M Loss, NJ Jury Hears
• Bank Must Pay Atty Fees Over 'Glaringly Egregious' Conduct
• Ex-OFAC Atty Joins Squire Patton's White Collar Group In DC
• Bar Score Is Best Hiring Metric Post-Affirmative Action
• Merrill Lynch Fined $12M Over Red Flag Detection Failures
• Judge Stalls Tech Founder's $28M Suit Against JPMorgan
• GOP Reps Press Fed's Powell To Rev Up SVB Doc Hunt
• KC Chiefs 'Superfan' Suspected Of Robbing Banks In Midwest
• Pension Fund Says Shuttered Teamsters Local Owes $4.9M
• SVB Parent Demands FDIC Fork Over $1.9B Account Funds
• FDIC Wants Atty Disqualification Paused For 5th Circ. Appeal
• Winner In Cyber Scam Row Fails To Add Punitive Damages
• 27 States Tell Justices CFPB Funding Is Unconstitutional
• Disbarred Atty To Pay $243M For Student Loan, Crypto Scam
• Cos. Must Prepare For More ESG Scrutiny From All Sides
• What To Expect From High Court's Whistleblower Case
• Disgraced Firm's 'Alter Ego' Tapped To Buy Client Files
• Unilateral Bank Account Reopenings May Have Consequences
• DOJ's Ex-FCPA Chief Joins Cleary's DC White Collar Group
• Jones Walker Client Rips 'Erroneous' DQ In $1.2B Fraud Case
• Judge Tosses Borrowers' Usury Claims After $43M Win
• RICO Ruling Makes US More Attractive Foreign Creditor Forum
• Fed's Barr Calls For Stronger Big-Bank Capital Standards
• Shareholder Accuses Wells Fargo Of Discriminatory Practices
• CORRECTION: Judge Urged To Keep Wells Fargo Deal Stayed
• CashBet Coin Offering Resulted In Fraud Award, Suit Shows
• Ex-Rabobank Exec Pushes For 9th Circ. Review Of OCC Case
• Feds Back Ex-UBS Worker In High Court Whistleblower Case
• JPMorgan Fights Pension Fund's Claims Execs Aided Epstein
• 2nd Circ. Asked To Revive Ex-Barclays Exec's Retaliation Suit
• Experian Strikes Back At 'Threadbare' Credit Investigation Suit
• Landry's, JPMorgan End $20M Data Breach Payment Fight
• Piecing Together The Blockchain Evidentiary Hurdles
• DC Circ. Says BNP Paribas Not Liable For Embassy Attacks
• 2 Years Later: TransUnion's Impact On Data Breach Litigation
• Hughes Hubbard Beats Retired IP Head In Email Access Fight
• Ghosting In BigLaw: How To Come Back From Lack Of Feedback
• CFPB-Backed Joint Inquiry Eyes Medical Credit Cards, Loans
• UK Litigation Roundup: Here's What You Missed In London
• CFTC Nabs $10M In Restitution, Penalties For Forex Fraud
• FDIC Bid To Sink Ex-CEO's Challenge Hits Wall In Texas
• Judge Urges Genesis, FTX To Keep Talking In $3B Claim Row
• Quinn Emanuel Escapes Energy Co.'s $250M Malpractice Suit
• Credit Reporting Agency Settles Tribe-Linked Usury Claims
• Coinbase Wins Bid To Arbitrate Suit Over Data Safeguards
• Tax Conviction No Proof Of Interest In Civil Case, Court Says
• 2nd Circ. Urged To Uphold Bank's Arb. Denial In Fees Suit
• CFPB Urged To Tackle 'Emerging Threat' Of Voice Cloning
• The Redemption Of 'Too Big To Fail' After SVB Collapse
• Deals Rumor Mill: Saudi Sports, Credit Suisse, Shein IPO
• Feds Want 5 Years For Lender Who Duped Magic Johnson Co.
• Crypto M&A Disputes Expected To Heat Up Through 2023
• US Drops $835K FBAR Suit Against Texas Broker
• Hayes Gets Another Crack At Appealing Libor-Rigging Verdict
• SEC FOIA Docs Over Crypto Conflicts Deemed Inadequate
• Fair Lending Scrutiny Heats Up As DOJ Referrals Surge
• SEC Draws Ire By Letting Broker-Dealer Research Relief Lapse
• Investors Say Fla. Bank Converted Shares To Benefit PE Firms
• Rocket Mortgage Can't Trim Investors' Fraud Suit
• CFTC Inks Settlement In $13.2M Forex Trading Scheme
• BofA Must Face Suit Over Vehicle Repossessions In Pa.
• Lone Star Wants $216M Win Enforced Against S. Korea
• Biz Groups Say Some Management Omissions Aren't Fraud
• Conn. Justices Clarify Strict Foreclosure In JPMorgan Case
• Steps To Success For Senior Associates
• SEC Crypto Settlements Run Contrary To Public Interest
• Investor Attys Land $6.6M For Wells Fargo Ponzi-Aiding Suit
• Jailed Reality Star Urges End To Ga. Tax Staffer's Libel Suit
• Bankman-Fried's Encrypted Texts Complicate Criminal Case
• Consumers Say Mastercard Fees Trickled Down As Trial Starts
• Takeaways From DOJ's New Approach To Bank Mergers
• 5 Sports & Betting Cases To Watch In The 2nd Half Of 2023
• Can M&A Bounce Back After Dismal First Half Of 2023?
• Lenders Knock CFPB's 'Sky-May-Fall' Claims At High Court
• Lehman Should Pay $58M For Trial Fees, Insurer Says
• Biden Nominates Va., Utah SGs To Federal Trade Commission
• 3 Takeaways From The Supreme Court's Session
• Law360 Podcasts Untangle A Week Of Blockbuster Rulings
• The Sharpest Dissents From The Supreme Court Term
• The Funniest Moments Of The Supreme Court Term
• Jackson Debuts As Chattiest Justice
• How To Avoid A Zombie Office Building Apocalypse
• Legal Profession Must Do More For Lawyers With Disabilities
• Brokers Cleared In Trial Over Moldy Cannabis Farm House
• The Supreme Court Can't Fix The SEC's In-House Court Issue
• Conn. Crypto Suit Nets $3.5M Settlement After 7-Year Fight
• Catching Up With Delaware's Chancery Court
• Breaking Down The Vote: The High Court Term In Review
• The Firms That Won Big At The Supreme Court
• Rising Star: Simpson Thacher's Spencer Sloan
• Identifying The Blind Spots In CFPB's Chatbot Guidance