Banking Archive » January, 2024

Banking - January, 2024

355 articles

• Banks Making 'Brazen' Bid To Block Basel, House Panel Told
• Digital Lender, Partner Bank Seek To Sink Usury Claims
• City National Bank Fined $65M By OCC For Poor Risk Controls
• Laundry Card Biz Secures At Least $40M In Deal With Rival
• Senate Urged To Move Quickly On AI Regulation For Housing
• FTX Intends To Pay Customers In Full Under New Ch. 11 Plan
• FTX Can Estimate Digital Claims In US Dollars, Judge Says
• NYC Developer Gets OK To Seek Votes For Ch. 11 Plan
• CFPB Says Mortgage Biz Can't Deny SAFE Act Claims
• BofA Escapes Investor Suit Over Pandemic-Era Market Losses
• Visa Refuses To Safeguard Prepaid Cards, Suit Says
• Haynes Boone Adds Reed Smith's Real Estate Chair In NY
• Ex-Chair Of 1 Global Gets 5 Years For $250M Ponzi Scheme
• 5 Reasons Associates Shouldn't Take A Job Just For Money
• Ex-Credit Union Compliance Officer Admits To AML Failures
• First Republic Bank Atty Resumes Private Practice At Hinshaw
• Errors Tank $10K Sanction In Deutsche Bank Foreclosure Row
• Calif. Says FDIC Owes Signature Bank's Unpaid Taxes
• SVB Cayman Unit Seeks FDIC Probe On Customer Deposits
• JPMorgan Directors Seek Toss Of Zelle Fraud Suit In Del.
• NJ Suspends Pa. Atty For 2 Years Over Ethical Lapses In Court
• Following Banking Regulators' Breadcrumbs To 2024 Priorities
• Wells Fargo Rips Investors' Claim Diversity Goal Was 'Kabuki'
• 2 Firms Advise Calif. Banks' Planned $234M Merger
• American Airlines Sued Over Loyalty Account Closures
• Duane Morris Names Bankruptcy Pro As New Dallas Partner
• Pot Fraud Case Costs Businessman $17M Instead Of $100K
• SEC Will Not Rethink 'Gag Rule' On Settlements
• New SDNY Whistleblower Program May Be A Game-Changer
• Banking Group Of The Year: Williams & Connolly
• Davis Wright Taps Ex-SEC Enforcer, DOJ Atty As NY Partner
• Terraform Will Use Ch. 11 To Craft Appeal Of SEC Crypto Case
• Playing Competitive Tennis Makes Me A Better Lawyer
• Justices Urged To Review Nix Of FCA Sanction Evasion Suit
• A Guide To New Russia Sanctions For Foreign Financial Cos.
• NY Sues Citi Over Fraud Protection, Reimbursement Practices
• The Questions Around Prometheum's SEC-Compliant Strategy
• Global Anti-Corruption Fight Is Fizzling, Study Says
• Cash App Fights Proposed Class Action Over Text Referrals
• Rocket Investors Want Class Cert. Despite Meme Stock Surge
• Ex-Exec Still Faces $175K FDIC Fine Despite Nixed Conviction
• US Trustee, Rite Aid Negotiate Revised Mediation Order
• How Russia Sanctions Bills Could Reshape Asset Forfeiture
• Murdaugh Denied Retrial Despite Clerk's 'Foolish' Jury Chats
• The Pop Culture Docket: Judge Djerassi On Super Bowl 52
• FTX Strikes $16M Deal To End Donations Clawback Suit
• OCC's Hsu Floats 'Chalk Lines' For Bank Merger Approvals
• Reverse Merger Tips For Biotechs After SEC's Recent Actions
• Banking Group Of The Year: Sullivan & Cromwell
• Russian Says Seized $300M Superyacht Is His, Not Oligarch's
• Trump Assails Fraud Monitor For 'Misleading' Final Report
• Money Transmitter Licensing: An Issue Too Costly To Ignore
• IRS Worker Gets 5 Years For Airing Tax Info On Trump, Others
• FDIC Must Clean House Amid Deep 'Rot,' GOP Sen. Says
• Trump Org. Monitor Flags Financial 'Errors' As Ruling Looms
• JPMorgan, Zelle Parent Co. Can Arbitrate Customer Fraud Suit
• US Can't Escape $24M Case Over Alleged Ukrainian Scheme
• TIAA Sues Ex-SVB Execs Over Losses From Bank's Failure
• Missing Comma Can't Impede Chubb Policy, 11th Circ. Told
• CFPB's Proposed Overdraft Rule Evokes A Dickensian Tale
• Paxton Says Barclays Can't Participate In Texas Bond Market
• Law360 Seeks Members For Its 2024 Editorial Boards
• Considerations For Lawyer Witnesses After FTX Trial
• How Clients Are Contributing To Law Firm Well-Being
• NY Discovery Stay Ruling Empowers Securities Defendants
• Banking Group Of The Year: Mayer Brown
• US Chamber, Banking Groups Back BofA At Supreme Court
• CFPB Urged To Dispel 'Confusion' On Nonbank Oversight Tool
• SEC Accuses Ex-Morgan Stanley Rep Of $3.5M Client Theft
• Petition Watch: Patent Obviousness, ADA Trials, Spoofing
• Big Banks Can Halt CDS Suit To Avoid 'Tangled' Discovery
• Car Loan Borrowers Seek Final OK For $82M Wells Fargo Deal
• Visa, Mastercard Seek Justices' Help Against ATM Class Cert.
• 6th Circ. Won't Reverse 'Willy-Nilly' For Investment Firm
• SEC Chair Urges Europe To Shorten Stock Settlement Times
• Class Action Payout Co. Skews Prepaid Card Worth, Suit Says
• Deals Rumor Mill: Amazon-IRobot, Paramount, Walgreens
• Banking Group Of The Year: Davis Polk
• The 7th Circ.'s Top 10 Civil Opinions Of 2023
• Employee Experience Strategy Can Boost Law Firm Success
• CFPB Must Clarify When Anti-Fraud Benefits Offset Harms
• Russia Hits Out At EU Over Latest Sanctions Move
• Trump Bristles At Shkreli Comparison In NY Civil Fraud Case
• BofA Fell For $2.1M Check Fraud Despite Red Flags, Suit Says
• Bid To Swap Chevron For An Old Standby Raises Doubts
• LoanDepot Sued Over Data Breach Affecting 16.6M People
• Ex-Adviser Agrees To Stop Stealing JPMorgan Clients
• FDIC Must Arbitrate $125M EY Bank Fraud Fight
• Leaner SPAC Market Expected In Wake Of Tougher SEC Rules
• Puerto Rico Bank Sues Ex-Execs Over Legal Fee Approvals
• 4th Circ. Rejects Adviser's Bid To Revive Coverage Suit
• Woman Says Mortgage Co. Made Her Contact Abusive Ex
• Cash Loan App To Pay $3M FTC Fine Over Hidden Fees
• Competing In Triathlons Makes Me A Better Lawyer
• Pa. Debt Relief Firms Settle AG's Deception Claims
• Stricter SEC Rules Raise The Bar For SPAC Offerings
• Banking Group Of The Year: Cravath
• CFPB Targets Rarely Charged Bank Fee With 'Proactive' Ban
• OCC Guidance May Lead Off 'Buy Now, Pay Later' Regulations
• Cities Prepare To Make Pitch To Host EU's New AML Center
• 'More Than Enough' Amex Evidence For Visa, Mastercard Trial
• Crypto Exchanger Admits To Unlicensed Money Transmitter
• Ex-FDIC Atty Pleads Guilty In Child Sex Exploitation Case
• Crypto VC Lenders Want Conn. Securities Suit Kept Alive
• AI Biz Fusemachines Going Public Via $200M SPAC Deal
• NJ Foreclosure Law Will Have Multifaceted Impact On Lenders
• Manhattan DA Says More Payment App Security Is 'Imperative'
• Global Payments Settles Remote Workers' OT Suit
• Fintech Can't Arbitrate Ex-Worker's Discrimination Suit
• Where Justices Stand On Chevron Doctrine Post-Argument
• Ex-Financial Adviser Cops To A $1.5M Movie Fraud Side Hustle
• Banking Group Of The Year: Cahill Gordon
• Fifth Third Customers Drop Overdraft Class Action Claims
• 6 Practice Pointers For Pro Bono Immigration Practice
• BofA Invokes 'Mayhem,' Fowl Odors In Preemption Battle
• Fed Reserve OIG Clears 2 Ex-Bank Heads Over Trades
• SEC Says X Account Hacker Hijacked Staffer Phone Number
• Wells Fargo And Ousted Exec Both Want Win In ADA Suit
• JPMorgan Unit Says Ex-Adviser Stole Clients Worth $40M
• 4th Circ. Says Firm Sent Illegal Faxes But Won't Certify Class
• NY Banks Must Vet Execs For 'Character,' Regulator Says
• ESG Around The World: Canada
• Bank M&A Considerations Amid 2024's Regulatory Uncertainty
• Task Force To Tackle Global Carbon Pricing Framework
• Lessons From Country Singer's Personal Service Saga
• Skyscraper's Ties To Laundering Cut After Sale, Judge Told
• Mall REIT's Ch. 11 Plan OK'd Without Creditor Claims Releases
• MoFo Adds Sanctions Expert From Deutsche Bank As Partner
• EU Working On New Sanctions Package Against Russia
• Law360 Names Firms Of The Year
• Law360 Names Practice Groups Of The Year
• NYC Sues FDIC Over $2.1M In Tax Claims Against SVB
• GOP Senator Grills Treasury, FinCEN Over Fox News Report
• FDIC Tells 5 Fintechs To Correct Deceptive Insurance Claims
• Debt Relief Co. Fleeced $100M, CFPB And States Say
• New Treasury Reporting Rules May Be A Shock To Many Cos.
• SEC Cautions ETF Sponsors On Foreign Currency Disclosures
• What To Expect From High Court In Corp. Disclosure Case
• 11 Noteworthy CFPB Developments From 2023
• Synchrony Buying Ally Financing Biz With $2.2B Loan Book
• UK Litigation Roundup: Here's What You Missed In London
• SVB Cayman Unit Files Ch. 15 To Obtain Info About Deposits
• Chinese State-Owned Bank Fined $32.4M By Fed, NY
• 3rd Circ. Sides With US Trustee In Battle For FTX Examiner
• Debevoise Leads Kazakh Fintech Firm's $1B US Market Debut
• Drumbeat Against Basel Capital Plan Reaches Crescendo
• SEC Sues Marcum CPA In Its In-House Court
• RICO Suit In $92M Russian Award Feud May Be Trimmed
• GOP Foreshadows Courtroom Battle Over SEC Climate Plan
• Republic Bank Gets Trademark Suit Trimmed
• Kwok Trustee Says 'Shell Game' Is Foiling Clawback Timeline
• Unpacking PCAOB's Sanctions Against China-Based Auditors
• NC Banking Brief: All The Notable Legal Updates In Q4
• Conn. Panel Probes Line Between Lawyering, Debt Settlement
• 2 Kramer Levin NY Attys To Lead Distressed Investing Team
• $6M CFPB Discrimination Settlement Gets Final OK
• Real Estate Rumors: Blackstone, Heitman, Peres
• Barclays Says Unregistered Securities Suit 'Ignores Reality'
• 3 Areas Of Focus In Congressional Crosshairs This Year
• Deals Rumor Mill: PAI Partners-Nestle, ESPN, Shein IPO
• Citi, LuminArx Launch $2B Private Lending Vehicle
• OCC's Hsu Floats Liquidity Rule To Address SVB-Style Runs
• 'Chaos' Warning Resonates As Justices Mull Chevron's Fate
• Thomas Gets Laugh, Agrees Prior Ruling Is 'Embarrassment'
• Ex-HSBC Exec Tells Judge Ciminelli Voids Fraud Conviction
• 5 Key Takeaways From Supreme Court's Chevron Arguments
• US Trustee Opposes Mall Owner's Ch. 11 Plan Over Releases
• FTX, IRS Clash Over Burden Of Proof In Tax Fight
• Tennessee Bank Will Pay $1.9M To End DOJ's Redlining Suit
• Gensler Warns AI 'Monoculture' May Weaken Financial System
• Rite Aid Ch. 11 Stay Doesn't Apply To Execs, Investors Say
• NY CRE Lenders Need Clarity On Foreclosure Standing
• Jury Clears Financial Adviser Of $2.2M In FBAR Penalties
• Debt Relief Firms Call CFPB's Freeze 'Backdoor' Attack
• Feds Ask Justices For Narrow Ruling In NRA Case
• Baking Bread Makes Me A Better Lawyer
• Dechert Hires Longtime Eversheds Sutherland Partner In DC
• High Court Majority Shows No Eagerness To Overturn Chevron
• CFPB Takes Aim At Overdraft 'Loophole' In Bid To Curb Fees
• 6 Opinions To Read Before High Court's Chevron Arguments
• Archegos Boss Gets Little Redress For Feds' Discovery Foul
• Kazakh Fintech Giant Launches Plans For $873M US IPO
• Rakoff Details Why He Axed JPMorgan Investors' Epstein Suit
• Credit One Bank Wants Class Nixed In Consumer Bankruptcy
• High Court Signals Narrow Ruling Against Shareholder Suits
• 7th Circ. Won't Revive Contractor's Copied Document Copyright
• SBF's Parents Blast FTX's 'Threadbare' Adversary Proceeding
• BofA Denies 'Silencing' Criticism In User Agreements
• 3 Key Class Action Trends To Use As Guidance In 2024
• Federal Courts And AI Standing Orders: Safety Or Overkill?
• SEC Hits JPMorgan Unit With $18M Whistleblower Rule Fine
• AmEx Selling Fraud Prevention Biz Accertify To Accel-KKR
• Time To Step Up PFAS Due Diligence In Cross-Border M&A
• NY Banking Brief: All The Notable Legal Updates In Q4
• Murdaugh Jurors Will Testify Publicly In Tampering Hearing
• What FTC CARS Rule Means For Auto Dealers And Lenders
• Ex-Morgan Stanley VP Named NJ Securities Chief
• Ex-Morgan Stanley Compliance Head Returns To Davis Polk
• Bill Could Pave Path To 'Safer' Banking For Cannabis Industry
• Entertainment Finance Pro Jumps To Moore & Van Allen
• Why CFTC Whistleblowers Are Crucial To Crypto Regulation
• Trump Gag Order Not Constitutional Issue, NY Top Court Says
• High Court Won't Review Rabobank Chicken Price-Fixing Win
• Justices Won't Upend 'Conspiracy Jurisdiction' Claims
• Bank Groups Slam Capital Hike Plan In Potential Suit Preview
• Financial Adviser Accused Of $1.5M Movie Production Fraud
• 7 E-Discovery Predictions For 2024 And Beyond
• NY Fines Crypto Trader $8M For Data Security, Other Failings
• Wells Fargo Top Brass Dodges Deposition Over Exec's Firing
• Texas Bank Can't Sue Over Lender's Bailout, HUD Says
• Securities Class Actions Show No Signs of Slowing In 2024
• Key Healthcare PE Opps In 2024 Include AI, Pharma, IT
• No Reason To Stay CFPB Case Against Lender, Judge Says
• Up Next At High Court: Chevron Deference, Corp. Filings
• ​​​​​​​BNY Mellon Hid Self-Dealing From Investor, Suit Says
• High Court Eyes Chevron Deference: What You Need To Know
• How Corp. Transparency Act Can Unmask Crypto Owners
• Morgan Stanley To Pay $249M In Block Trading Probe
• Major EU AI Banking Ruling Will Reverberate Across Sectors
• Chicago Rapper Avoids Prison For Credit Card Con
• US Says Ukrainian Money Laundering Suit Should Proceed
• Ex-Cay Clubs CFO Sentenced To More Than 17 Years In Prison
• Justices To Weigh In On Costs Of Corporate Silence
• Stephenson Harwood Adds 2 Partners In Hong Kong Office
• Ex-Goldman Analyst Cops To Insider Trading
• SEC Flags Swap-Dealer Records, Exchange Act Concerns
• Sens. Want Navy Federal Probed For Racial Bias In Lending
• Truist Belongs In Bad Check Suit, NC Appeals Court Told
• First Citizens Gets 2nd Shot At 'Confusing' SVB Secrets Suit
• CFPB Tells Credit Reporting Cos. To Fix 'Sloppy' Practices
• Deals Rumor Mill: Ripple Labs, Match, Novartis
• Stablecoin Firm Circle Confidentially Files Plans To Go Public
• ESG Concerns Can No Longer Be Ignored In 2024
• Dollar Bank Hit With Pa. Suit Over Merged Bank's Data Breach
• CFPB As Pay App Watchdog May Invite More Fintech Regs
• Trump Speech Caps Chaotic NY Trial: 'I Am An Innocent Man'
• NY Judge In Trump's Fraud Trial Receives Bomb Threat
• Bank Inks $15M OT Deal With Mortgage Loan Officers
• FSOC Must 'Tread Carefully' On Crypto, GOP Lawmakers Say
• Moses Singer Adds 20-Year Sidley Alum To Litigation Practice
• Al Habtoor Hits Lebanon With $1B Dispute As War Fears Loom
• Non-Amex Cardholders Win Anti-Steering Rule Class Cert.
• CFPB Urged To Hit Reboot On Digital Payment Oversight Bid
• 2nd Circ. Says Bank Account Fee Fight Can't Go To Arbitration
• AmeriFirst Backs Lender In Creditors' $10.3M Clawback Bid
• Couple Owe IRS $500K Each For Hidden Swiss Account
• Wells Fargo Wants Out Of Law Firm's Wire Transfer Dispute
• SDNY Whistleblower Program Aims To Boost Self-Disclosure
• 2nd Circ. Inverted Pleading Standards, NRA Tells Justices
• 5 Litigation Funding Trends To Note In 2024
• Trump Can't Give Own Closing Argument In NY Fraud Trial
• Bank-Fintech Partnerships Can Thrive Despite A Tough 2023
• Lloyd's Loan Fight Over Ex-MLB Pitcher Sent To Arbitration
• SBF Brings Aboard Marc Mukasey Ahead Of Likely Appeal
• Ex-Goldman Analyst To Plead Guilty In Insider-Trading Case
• Law Firms Say Fraud Challenge Is 'Mean-Spirited' Litigation
• Credova Financial To Pay Calif. $50K Over Hidden Junk Fees
• CMS Greenlights Up To $6B For NY Medicaid Projects
• Credit Union Retirees Denied Cert. In $1.5B 401(k) Fee Suit
• 5 Securities Litigation Issues To Watch In 2024
• NYC Developer's Final DIP OK'd, Paving Path For Ch. 11 Plan
• A Look At Consumer Reporting In 2023, And What's To Come
• US Bank Sued Over Alleged Silencing Of Unhappy Customers
• Real Estate Rumors: Craig Realty, Maverick Capital, Brummer
• Chicago Pol Guilty Over Lies, 'Not Semantics,' 7th Circ. Says
• Archegos Prosecutors Accused Of Late Discovery Misconduct
• Ex-Morgan Stanley Broker Pays $1.2M In Client Fraud Case
• LoanDepot's $3.5M Deal Nears OK Despite Claim It's 'Paltry'
• Proskauer Picks Up IP Partner From Frankfurt Kurnit
• Parents Seek To Certify Class In School Lunch Debit Card Suit
• JPMorgan Spoofers Want 7th Circ. To Toss Convictions
• Catching Up With Delaware's Chancery Court
• BofA Sued In Calif. Over User Agreements That 'Stifle' Critics
• Migrant Loses Bid To Block Potential $358M CFPB Win
• Georgia Banking Brief
• Eli Lilly, Novartis Could Pump Close To $3B Into AI Drug Tech
• Ga. Banking Brief: All The Notable Legal Updates In Q4
• Hong Kong SPAC Eyes $50M Offering To Pursue Merger Target
• Anti-Money Laundering Compliance Must Put Officers On Alert
• Investors Drop Kwok Fraud Suit After Recovering Most Funds
• Cannabis Banking Bill Uncertainty May Actually Be A Blessing
• Equifax Accused Of Falsely Reporting Forgiven Student Debt
• Justices Won't Consider IP Firm's PPP Loan Dispute Loss
• ESG Around The World: South Africa
• Dollar Bank Customer Drops Data Breach Class Action
• Justices Reject Ch. 7 Trustee Bid For Ponzi Case Clawback
• Justices Won't Review Sharing Of Price Fixing Judgment
• SEC Says Ex-FTX Auditor Shouldn't Dodge Independence Suit
• FDIC Official Warns Of Asset Managers' ESG Sway Over Banks
• DC Circ. Upholds Toss Of Campaign Finance Complaint
• Russian-Owned Bank Nationalized By Ukraine Seeks $1B
• Attys Hopeful For Deals Pickup As JPMorgan Event Kicks Off
• Objections To Rate-Rigging Class Cert. Too Late, Judge Says
• California Banking Brief
• Calif. Banking Brief: All The Notable Legal Updates In Q4
• HSBC Unit Can't Duck $124M Madoff Suit In New York
• 4 Legal Ethics Considerations For The New Year
• FTX Seeks OK To Sell Off $222M In Bahamas Real Estate
• Corporate Transparency Act Takeaways For Banking Industry
• UK Litigation Roundup: Here's What You Missed In London
• NY AG Seeks $370M From Trump After Valuation Fraud Trial
• Viacom Investors Win Class Cert. In Archegos Suit
• Banks Want Tweaks To CFPB Open Banking Plan
• Wells Fargo Board Failed To Monitor DEI Initiatives, Suit Says
• 2nd Circ. Won't Rethink Revival Of Nine West Fraud Claims
• 8th Circ. Nixes Bank's RICO Suit Over Famed Painter's Assets
• In The CFPB Playbook: Rulemaking Rush Before Election Year
• Mich. Doctor Facing Jail After Avoiding $1M FBAR Judgment
• Securities Question Stands After Contradicting Crypto Rulings
• Binance.US Adds Compliance Chief Amid Enforcement Tumult
• St. Louis Bankruptcy Atty Denies Defrauding State, Lenders
• What The Law Firm Of The Future Will Look Like
• Steptoe Hires Goodwin Atty As Consumer Financial Partner
• PTAB Wipes Out Most Of Fintiv's Fintech Patent
• Credit Suisse Wrongful Firing Suit Sent To Arbitration
• Judge Gives Initial Nod To $1.4M Webster Bank Privacy Deal
• Wells Fargo Says Investors' Sham Diverse Hiring Claims Fail
• NY Gov. To Propose Licensure For 'Buy Now, Pay Later' Firms
• Wawa Drops Last Claim In $10.7M Mastercard Hack Fee Suit
• Madoff Ch. 7 Trustee Waived $234M Clawback, Investor Says
• Bank OZK Hit With $2.9M Suit Over Pandemic Aid 'Theft'
• 4 PR Pointers When Your Case Is In The News
• Texas Banking Brief: All The Notable Legal Updates In Q4
• PNC Workers' $6.1M BBVA 401(k) Deal Gets Initial OK
• SDNY Ruling Highlights Fed's Broad Master Account Power
• Feds Plan To Drop 2nd Trial Against Bankman-Fried
• Medicare Fraud Player Slams Feds' 'Excessive' Prison Ask
• Kessler Beats 2 Firms To Lead Wells Fargo Gov't Fines Suit
• Cullen And Dykman Adds Ch. 7-Focused Bankruptcy Partner
• SIFMA Says Fiduciary Rule Proposal 'Does Not Pass Muster'
• CSG Law Taps Ex-FINRA Enforcers To Lead Securities Group
• Cybersecurity Issues For Financial Industry To Track In 2024
• Catching Up With Delaware's Chancery Court
• Boston Sued By Company Over Uncashed 25-Year-Old Check
• Navy Federal Accused Of Bias Against Minority Borrowers
• How State AGs Process And Prioritize Consumer Complaints
• Court Rejects Wells Fargo's Bid To Drop 'Human Wager' Suit
• Suit Claims Creditor Denied Home Loan Over DACA Status
• New EU Chair Eyes Accord On Withholding Refund, VAT Laws
• 5 Supreme Court Cases To Watch This Spring
• Charting The Course For Digital Assets In 2024
• What To Expect From The CFPB This Year
• Law Firm Strategies For Successfully Navigating 2024 Trends
• 10 Sports And Betting Cases To Watch In 2024
• New York Cases To Watch In 2024
• What To Watch In Donald Trump's Coming Year Of Trials
• Trials To Watch In 2024
• Securities Regulations To Watch In 2024
• 4 High Court Cases For Banks To Watch In 2024
• SEC Enforcement Cases To Watch In 2024
• Compliance Priorities In 2024 Include Climate And AI
• Private Securities Litigation To Watch In 2024
• Banking Regulation To Watch In 2024
• The Legal Battles Over ESG And DEI To Watch In 2024
• Appellate Outlook: Circuit Splits & Hot Topics To Track In 2024