Banking Archive » May, 2024

Banking - May, 2024

342 articles

• Thrivent Unit To Pay FINRA $325K Over Lax Forgery Controls
• Colo. AI Bias Law Lays 'Foundation' For New State Patchwork
• Biden Vetoes Bid To Nix SEC Crypto Accounting Guidance
• Frank Execs Must Keep Fighting JPMorgan Fraud Indictment
• Online Lenders Invoked Calif. Tribe As Usury Cover, Suit Says
• Judge Axes Class Claims In Navy Federal Discrimination Suit
• Fla. Judge Won't Nix SEC Suit Over $112M Ponzi Scheme
• Mich. Atty Used Carhartt Heiress As 'ATM,' Jury Told
• 2 Estonians Charged In $575M Crypto, Laundering Schemes
• UK Litigation Roundup: Here's What You Missed In London
• NJ Judge Says Mortgage Lender's Counterclaim Falls Flat
• CFPB Sues PHEAA For Discharged Student Loan Collections
• Exec Liability Bill For Failed Banks Is Unnecessary, Unwise
• CFPB To Probe 'Junk Fees' In Mortgage Closing Costs
• Kalshi Says Elections Aren't Games In Voting Wager Hearing
• Morgan Stanley Helped Musk's Stealth Twitter Buys, Suit Says​​​​​​​
• Fed. Circ. Revives Contract Breach Claim Against The US Mint
• Ex-FTX Auditor Must Face SEC's Independence Rules Suit
• Ex-Deutsche Bank Trader Gets 3½ Years For Crypto Scheme
• Curaçao Expropriation Suit Tossed Over Sovereign Immunity
• Voice Software Co. Gets Bank Customer Privacy Suit Trimmed
• SEC Cites High Court CFPB Ruling In Market Surveillance Suit
• BF Borgers Clients Should Review Compliance, Liability
• NY Expects Crypto Cos. To Meet Customer Service Standards
• SF Fed Lacked Good Reason To Deny Account, 9th Circ. Told
• Russia Looks To Pause Ukrainian Bank's $1.1B Award Suit
• Trauma-Informed Legal Approaches For Pro Bono Attorneys
• CFPB's Expanding Scope Evident In Coding Bootcamp Fine
• High Court Calls For 2nd Circ. Redo In BofA Preemption Fight
• Justices Revive NRA's Free Speech Claims Against NY Official
• 2nd. Circ. Casts Off 'Now-Casting' Trademark Claims
• CFPB Says Citi 'Wrong' On Wire Transfer Rules In NY Suit
• ​​​​​​​Merrill Lynch Inks $20M Deal In Financial Advisers' Bias Suit
• Visa, Mastercard Consumers Ink $197.5M ATM Antitrust Deal
• Bankrupt EV Charger Co. Execs Hid Liquidity Woes, Suit Says
• Carhartt Heiress Atty Says He Wanted To Pay Back $15M Loan
• DACA Holder Accuses Fla. Credit Union Of Discrimination
• Bankrupt BlockFi Agrees To $150k Penalty In Conn. Bond Row
• Fintech Compliance Amid Regulatory Focus On Sensitive Data
• Del. Needs To Urgently Pass Post-Moelis Corporate Law Bill
• BofA Sued Over 'Confusing' Automatic Card Payment Terms
• 5th Circ. Stays Transfer Of Suit Over CFPB's Late Fee Rule
• Archegos Jury Gets Glimpse At Founder's Earlier Legal Woes
• Playing Music Makes Me A Better Lawyer
• RBS, Lloyds Bank, Others Ink $1.9M Libor Settlement
• Capital One Is The Latest To Face 'Refer A Friend' Text Suit
• Treasury To Allow Online Banking, Cloud Services For Cuba
• Texas Judge Sends Suit Over CFPB Late Fee Rule Back To DC
• Fed. Circ. Won't Revive 'Checking Financial History' Patents
• High Court Passes On Collection Firm's CFPB Funding Fight
• OCC's Hsu Says More Banks May Need Crisis Playbook Rules
• Biz Groups Back BofA In Merger Interest Tax Fight At 4th Circ.
• Wells Fargo Seeks To Send Account Offsets Suit To Arbitration
• Proposed Cannabis Reschedule Sidesteps State Law Effects
• Pa. Debt Collector Missed Window To Appeal Customer's Win
• What's New In Kentucky's Financial Services Overhaul
• Deutsche Bank Wins Conn. Appeal In Battle With Billionaire
• How Attys Can Avoid Pitfalls When Withdrawing From A Case
• FTX Exec Who Acted As Bankman-Fried 'Tool' Gets 7½ Years
• Apple Can't Wipe Out 2 Fintiv Mobile Wallet Patents At PTAB
• Top Senate Banking Dem Presses DoorDash On Biz Advances
• BofA Inks $21M Deal With Over 1M Customers Over Wire Fees
• Carhartt Heiress Atty Can't Get Mistrial Over Own Witness
• OCC Orders Controls Improvements At Comerica
• PIMCO Says It Needs To Assess CFPB's Loan Service Deal
• House Lawmakers Want New Hearing With FDIC's Gruenberg
• CFTC's Johnson Is Under Consideration For FDIC Top Job
• Biden's Judicial Impact And What's Left On The Wish List
• 4th Circ. Urged To Keep Suit Against Credit Co. In Fed. Court
• The Effects Of New 10-Year Limitation On Key Sanctions Laws
• What 11th Circ. FCRA Ruling Means For Credit Furnishers
• CFPB Will Ask DC Circ. To Rescue Rule Challenged By PayPal
• Foley & Lardner Given All-Clear To Exit SEC Suit
• FEPA Cases Are Natural Fit For DOJ's Fraud Section
• UK Litigation Roundup: Here's What You Missed In London
• CFPB Seeks $20M Penalty For Inaccurate Loan Data
• Using A Children's Book Approach In Firm Marketing Content
• CFPB's 1st Try At BNPL Regulation Could Set Stage For More
• Ex-Bank CEO Cops To Embezzling $47M To Pay Crypto Scam
• NC Top Court Finds Credit Union's Arbitration Add-On Is Valid
• JP Morgan Inks $200M CFTC Deal Over Supervision Failures
• 'Not Us At Our Best:' SEC's Top Cop Talks Debt Box Error
• PNC, Loan Officers Ink $12M Deal In Rest Break Suit
• Investors Lose $600M Mass Claim Over Cyprus Bank Failures
• FTX Judge Declines To Undo Ch. 11 Digital Claim Estimation
• Big Banks Hit With Claims Of Turning Man Into 'Money Mule'
• 7th Circ. Unsure VIX-Fix Claims Were Wrongly Tossed
• TRO Against Ex-TD Bank Employees Revised
• Archegos Witness Admits Lying To Exec Charged In Collapse
• CFPB Poised To Up The Ante After Supreme Court Victory
• House Passes Bill To Block Fed-Issued Digital Dollar
• Deals Rumor Mill: NY Yankees, Abu Dhabi Bank, Int'l Paper
• US Drops Appeal Of Citigroup's $183M Tax Award At Fed. Circ.
• 2nd Circ. Ruling Affirms NY Law's Creditor-Friendly Approach
• 2 Oil Trader FCPA Pleas Highlight Fine-Reduction Factors
• Diving Deep Into Sweeping NY Financing Bill — And Its Pitfalls
• EasyPay Agrees To Exit Mass. In 'Rent-A-Bank' Settlement
• US House Passes Crypto Bill Over SEC, White House Dissent
• Ex-Citi Exec Says She Was Asked To Lie To OCC
• ATM Plaintiffs Must Share New Data In Visa, Mastercard Suit
• Ga. Lender Asks Panel To Free It From Unsolicited Check Case
• Paul Hastings Leads Kayne Anderson Unit's $100M IPO
• Justices' CFPB Alliance May Save SEC Courts, Not Chevron
• 1st Circ. Affirms UBS Win In Puerto Rico Pension Fight
• Wells Fargo Tries 2 Tactics To Get Overdraft Fee Suit Bounced
• Archegos Exec Says Founder Didn't Direct Him To Lie
• New Crypto Reporting Will Require Rigorous Recordkeeping
• 'Pump-And-Dump' Claims Sputter In 'Disorganized' RICO Suit
• A Comparison Of FDIC, OCC Proposed Merger Approaches
• Crypto Mixer Laundering Case Provides Evidentiary Road Map
• SC Gov. Signs Earned Wage Access Bill Into Law
• Being An EMT Makes Me A Better Lawyer
• NY Federal Reserve Associate GC Rejoins Covington
• BofA Deserves Tax Refunds On Merger Interest, 4th Circ. Told
• NYSE Parent Agrees To $10M SEC Fine Over Cyber Breach
• CFPB Says Some Credit Card Standards Apply To BNPL Firms
• Citigroup Fined £61.6M For Trading Systems Failings
• 2nd Circ. Partially Backs Win For Nurses' Union Pension Plan
• Full 5th Circ. Urged To Rethink Blocking Student Loan Rule
• Banks Urged To Vote Out Exxon Leaders Who Sued Investors
• LoanDepot's $3.5M Deal In IPO Disclosure Suit Gets Final OK
• Bankrupt SVB Fights To Keep $1.9B Suit Against FDIC Alive
• PetroSaudi Says $380M Award Feud Close To Resolution
• Conn. Bank Hit With Suit Over 'Crippling' Overdraft Fees
• SEC Fines KeyBank Broker-Dealer Over Reg BI Failures
• 22 States Tell 11th Circ. Corp. Transparency Act Goes Too Far
• Colo. Lending Law Could Empower State-Chartered Banks
• Disbarred Atty Gets 9 Years For $1.4M COVID Relief Fraud
• Sheppard Adds Mayer Brown Litigator In Latest Chicago Move
• SEC Amendments May Launch New Execution Disclosure Era
• The Law360 400: Tracking The Largest US Law Firms
• Strategic Hiring Was The New Normal For BigLaw In 2023
• Ex-BlackRock VP Says He Was Fired After Whistleblowing
• TD Bank Ex-Employees Ordered To Back Off Client Contacts
• Colo. Gov. Voices 'Reservations' In Signing AI Bias Bill
• TD Bank Customers' $32.2M Overdraft Fee Deal Gets Initial OK
• TD Ameritrade Must Face Most Claims In Fraud-Abetting Suit
• CFPB Fines Debt Relief Co. $400K For Charging Illegal Fees
• Transparency Act Violates Constitution, Groups Tell 11th Circ.
• Archegos Lied To Banks To Obtain Credit Lines, Jury Told
• 6th Circ. Won't Revive Challenge To $39B Student Debt Relief
• Venezuelan Facing 2 Years In Prison For Laundering Scheme
• Catching Up With Delaware's Chancery Court
• Tiny Tweaks To Bank Merger Forms May Have Big Impact
• FDIC's Gruenberg To Resign In Workplace Report Aftermath
• Davis Polk, Wachtell Guide $2B SouthState Banking Deal
• Judge Doubts 9th Circ. Ruling Upends VC's Fraud Conviction
• Koch-Tied Group Says Transparency Law Offends Federalism
• Paul Hastings Team Seeks $2.6M In New Kwok Ch. 11 Fees
• Credit Suisse Can't Reverse $21.3M Biz Loss Denial
• How CFPB Credit Card Rules Slot Into Broader Considerations
• Pot Co. Can Amend Complaint Or Reply To Dismissal Motion
• Industry Emboldened After Justices Galvanize Agency Attacks
• TD Bank Says Ex-Advisers Enticed $25M To Raymond James
• UK Litigation Roundup: Here's What You Missed In London
• SEC Can Try To Show Jurisdiction Over German In $3M Claim
• Day After High Court Win, 'Full Strength' CFPB Sues Fintech
• Buckle Up: CFPB's High Court Win Will Thaw Frozen Docket
• Ex-Credit Union Worker Gets 3 Years After Copping To Fraud
• Thomas, Alito: Two Originalists, Two Takes On CFPB Case
• Bitcoin ATM Operator Ran Illegal Money Transmitter, Jury Says
• BofA Customers Get Final OK For $8M Deal In ACH Fee Suit
• Judge Questions Colo.'s Power Over Out-Of-State Banks
• Carhartt Heiress's Atty Stole Millions, Jury Told
• Ga. Judge Cites 'Exemplary Life' In 3-Year PPP Fraud Sentence
• MoneyLion Beats Investor Suit Over Reverse Stock Split
• Senate Passes Bill To Block SEC Crypto Accounting Guidance
• FDIC's Gruenberg Scolded By Senators Over Agency Culture
• African Tax Admins Promote Use Of Voluntary Disclosures
• Novel Applications May Fizzle After Fed Master Account Wins
• Exploring An Alternative Model Of Litigation Finance
• Ex-Minn. Public Defender Gets Probation For Tax Fraud
• Ex-Execs Accuse Truist Of Hijacking Control Of Mortgage Unit
• Conn. Justices Snatch Debt Collection Practice Of Law Case
• 2nd Circ. Backs Win For Big Banks In Forex-Rigging Suit
• Biden Admin Proposes To Loosen Restrictions On Marijuana
• Colombian Consumer Lender Hits Ch. 11 To Trim $55M Of Debt
• Justices Say CFPB Is Constitutionally Funded
• Haynes Boone Adds Sheppard Mullin RE Finance Pro In Calif.
• Water Co. To Pay $8.5M Criminal Fine Over Accounting Claims
• 'Pissed Off,' 'You Need To Go': Reps Rip FDIC's Gruenberg
• Bolt Financial Cancels $37M In Shares To End CEO Loan Suit
• 'Uber Files' Scandal Can't Prop Up Investor Suit, Judge Says
• Del. Justices Ask: Do Attys Get Thinner Slice Of $1B Dell Pie?
• Russian Gas Ex-CFO Can't Nix $44M FBAR Suit, Judge Rules
• Devil's In The Details On FDCPA, Article III Standing
• South African Tax Official Says Data Swaps Too Limited
• Colo. Says Lending Law Challenge Aims To Strip Federal Right
• Buchalter Starts Fintech And AI Practice With New Seattle Hire
• Global Bribery Probes Are Complicating FCPA Compliance
• Ex-FTX Exec Seeks Leniency, Saying He Was Kept In The Dark
• Lender Drops $4M Fraud Suit Against Ga. Golf Course Owner
• Teaching Yoga Makes Me A Better Lawyer
• Senators Release 'Road Map' For Crafting Federal AI Policy
• Swiss Seek Feedback On Crypto Information Exchange
• Archegos Ex-Accountant Tells Jury Of 'Vendetta' Inside Fund
• In Hot Seat, FDIC's Gruenberg Pledges 'Fundamental Change'
• FINRA Official Calls Off-Channel Flags 'Shockingly Common'
• Asset Manager Cops To $1.2B Venezuelan Oil Co. Fraud
• Berkshire Bank Sued For Customer's Alleged $90M Ponzi
• Ex-Wachovia Exec Owes $9M For Decade-Old Fraud, Feds Say
• Couple Attacks Chase's 'Pack Of Lies' In $20M Loss Case
• Fla. Man Get 13 Mos. For Trading On Goldman Insider Info
• A Vision For Economic Clerkships In The Legal System
• State-Regulated Cannabis Can Thrive Without Section 280E
• EU Finance Ministers Strike Deal On Withholding Tax Refunds
• Bank Lobbies Rattle Sabers At Fed Over Debit Swipe Fees
• Banking Groups Oppose FDIC Position On Interstate Lending
• BofA Let 'Off The Hook' In ATM Fee Row, 9th Circ. Told
• Student Loan Servicer Faces Suit Over Tax Form Data Breach
• SEC, FinCEN Propose Money Manager Customer ID Rule
• Kabbage Inks 2 FCA Deals With Feds Totaling $120M
• AIG Unit Decries Bank's 'Eleventh Hour' Fraud Claims
• Corp. Transparency Act An Overbroad Dragnet, 11th Circ. Told
• Fla. Investor Duped Brokerages In Trading Scheme, SEC Says
• 2nd Circ. Won't Revive UBS Suit Over Disclosed Account Info
• Diaz Reus Attys Dodge Sanctions Over Last-Minute Dismissal Bid
• BofA Says Suit By Commanders Ex-Partner Has Wrong Target
• 4 Sectors Will Likely Bear Initial Brunt Of FTC 'Junk Fees' Rule
• What Lies Behind Diverging US And UK Insolvency Trends
• Ex-Banker Tied To Murdaugh Says Juror Issue Merits Retrial
• Investor Seeks Info On Visa Denied For Money Exchanger Use
• Archegos Boss Blew $36B, But It Was His To Lose, Jury Told
• Liquidity Risk Management Tops NCUA Exam Priorities
• Ill. Residents Ask Court To Void Alaskan Tribal Co. Loans
• Adviser's 'Rogue' Trading Cost Investor $700K, Suit Says
• Texas Couple Must Sell $2.3M In Assets To Satisfy Tax Claim
• Del. Ruling Highlights M&A Deal Adviser Conflict Disclosures
• CFPB's Credit Card Late Fee Rule Halted By Texas Judge
• Capital One Accused Of Not Fully Investigating Fraud Claims
• Key Antitrust Class Certification Questions Remain Unclear
• Action Steps To Address New Restrictions On Outbound Data
• FINRA Fines Merrill Lynch $825K Over Supervisory Failures
• Off The Bench: Ohtani Translator's Plea, NBA Star Tops Agent
• Dem Lawmakers Call For 5th Circ. Judge To Exit CFPB Case
• E-Discovery Quarterly: Recent Rulings On Text Message Data
• CFPB Reality Check: Video Game Cash Is Still Money
• Prudential Investor Attys Seek $9M Fees For Settlement
• What CRA Deadline Means For Biden Admin. Rulemaking
• 5th Circ. Upholds SEC Proxy Rule On ESG Disclosures
• Nationstar Mortgage Wants To Escape 'Junk Fee' Suit
• 2 Firms Guide United Bankshares On $267M Piedmont Buy
• FTC Urges High Court To Reject Challenge To $5.2M Award
• Amazon, Walmart Face Dem Questions Over 'Dynamic Pricing'
• SeaWorld Workers Nab Class Cert. In 401(k) Fees Suit
• Fed. Circ. Wary Of Undoing Gilstrap's Toss Of Banking IP Suit
• Attys Want $102M In Fees In Stock Loan Antitrust Deal
• US Bank Sees Unauthorized Account Suit Tossed For Good
• Making Borrower Contact Ex Was Reasonable, Court Told
• CFPB's Chopra Trains Sights On Credit Card Rewards
• 7 Fla. Men Indicted In Nationwide Skimming Device Operation
• FICO Blasts Discovery 'Sideshows' In VantageScore Suit
• The Legal Issues Raised In Minn. Rate Exportation Opt-Out Bill
• High Court Ruling May Shake Up CFPB's Litigation Docket
• New Treasury Rule Amps Up Reporting Burden For Banks
• Citibank Sued By Atty Over Fake Client Cashier's Check Scam
• Credit Suisse Urges Mich. Panel To Reverse Biz Loss Denial
• Digitex Founder Pleads Guilty To Bank Secrecy Act Violation
• Sens. Call For Revamp Of SEC's Nixed Stock Buyback Rules
• Bill To Undo SEC Crypto Accounting Bulletin Passes House
• Labaton, Boston Pension Win Bid to Lead NYCB Investor Suit
• In Final Memo, Blumenauer Eyes Path Forward For Cannabis
• 4th Circ. Asks If High Court Ruling Bars Credit Suisse Tipster
• How New Rule Would Change CFIUS Enforcement Powers
• Japanese Crypto Exchange Coincheck Eyes US Listing In '24
• What's Extraordinary About Challenges To SEC Climate Rule
• Ohtani's Ex-Interpreter To Plead Guilty In Betting Scam
• Gibson Dunn Adds Ex-Wachtell, Paul Weiss Attys As Partners
• Skadden Taps SoFi Bank, Shearman Attys For Co-Lead Roles
• 8 Questions To Ask Before Final CISA Breach Reporting Rule
• How Banks Can Preserve Value Amid Corporate Default Surge
• Swimming Makes Me A Better Lawyer
• PNC Bank Entitled To Atty Fees In Defamation Suit, Court Says
• Ex-Tugboat CEO Can't Reinstate $75M Defamation Verdict
• CFPB Fines Chime Financial Over Delayed Consumer Refunds
• Lender Shanks Bid To Halt Ga. Golf Course Auctions
• Key Priorities In FDIC Report On Resolving Big Bank Failures
• A Recipe For Growth Equity Investing In A Slow M&A Market
• SEC Doesn't Have Legal Authority For Climate Disclosure Rule
• Russian Charged Over $100M LockBit Ransomware Scheme
• Top Dem Cuts Cuellar Slack Not Given Santos, Menendez
• Chase Aims To Sink Florida Law Firm's $100K Wire Theft Suit
• What 100 Federal Cases Suggest About Changes To Chevron
• FDIC Review Flags 'Patriarchal' Workplace, Chief's 'Temper'
• Past FDIC Exec Is Troutman Pepper's Latest Davis Wright Hire
• Ex-SEC Trading And Markets Atty Rejoins Davis Wright In DC
• Coinbase Operates As Unregistered Broker, Investors Say
• Unclaimed Property Class Action Against Pa. Treasurer Axed
• Crypto Platform's Ex-Brass Charged With $783M Fraud
• Amazon Loses Bid To Ship Patent Case From EDTX To Wash.
• Bridgewater Fights To Keep Bias Claims Under Wraps
• CFPB Sues Pa. Student Loan Servicer, Trusts For $5M
• DACA Recipient Sues Calif. Credit Union For Loan Rejection
• Goldman Objects To 1MDB Suit Class Cert. Recommendation
• SEC Should Be Allowed To Equip Investors With Climate Info
• SEC's Grewal Says Self-Reporting Best Bet For No Penalties
• JPMorgan Accused Of Failing To Protect Account Data
• FDIC, OCC Gear Up For Another Shot At Banker Bonus Rules
• What Makes Unionization In Financial Services Unique
• Binance Founder's Sentence Shaped By Plea And Apology
• NY's Citi Suit Imperils Wire Transfer Market, Bank Groups Say
• 5th Circ. Stands By Keeping CFPB Late Fee Case In Texas
• Goldman Settles Decade-Old Metal-Rigging Class Action
• Sidley Liable For Ex-Partner's Tax Sheltering, Ga. Judge Told
• Fintech Co. Says PNC Acknowledged Use Of Logo For Years
• SoFi Unit To Pay FINRA $1.1M To Settle Customer ID Claims
• Cash App's Parent Co. Can't Ditch Referral Text Suit
• New Federal Bill Would Drastically Alter Privacy Landscape
• Judge Says Lender Can't Escape CFPB's Loan Data Suit
• Texas Rep. Cuellar Charged With Taking Bribes
• 4th Circ. Preview: Hemp, Wells And A Withdrawal
• CFPB Could, And Should, Revise Open Banking Rulemaking
• SEC Fines Trump Media's Audit Firm For 'Massive Fraud'
• UK Litigation Roundup: Here's What You Missed In London
• SEC Lands $25M Judgment In TikToker-Wannabe Ponzi Suit
• Wells Fargo Discloses Zelle Dispute-Handling Scrutiny
• No Atty Fees For Objectors To $5.6B Swipe Fees Settlement
• Ex-JPM Trader Slams DOJ's 'Rank Opportunism' In Doc Suit
• Barnes & Noble Joins Visa, Mastercard Settlement Objectors
• State Legislators Urge Feds To Change Cannabis' Status
• 2nd Circ. Skeptical About Ex-TD Bank Manager's Bias Suit
• FDIC Bank Disclosure Rules Raise Important Questions
• Recent BigLaw Moves Show Boston Is 'Clearly On The Map'
• Discover Ups Liability Costs For Card Pricing Issue To $1.2B
• Feds Want Prison For Ex-Public Defender For Tax Fraud
• Sullivan & Cromwell Creates National Security Practice Group
• Don't Use The Same Template For Every Client Alert
• Republicans Say Bank Merger Reviews 'Need A Shot Clock'
• 3 Takeaways From The DOJ's Cannabis Recommendation
• Forex Fraudsters Hid Losses From Investors, Jury Hears
• JPMorgan Says It's Paying $100M More In Trade Penalties
• PayPal Won't Face CFPB Enforcement Over Venmo Probe
• Senate Dems Reintroduce Bill To Tax And Regulate Cannabis
• No Relief For Fla. Adviser Convicted In $80M Trading Scam
• Biden Admin Sanctions Cos. Helping Russia Evade Curbs
• Don't Fall On That Hill: Keys To Testifying Before Congress
• Takeaways From FDIC's Spring Supervisory Highlights
• Fired HR Worker Hits Financial Co. With Age, Sex Bias Suit
• Ex-FDIC Atty Gets 20-Year Sentence In Child Exploitation Case
• AI Is Top Of Mind For Companies — And Securities Regulators
• Walking With My Dog Makes Me A Better Lawyer
• 5th Circ. Wants Texas Injunction Ruling In CFPB Late Fee Case