Banking Archive » June, 2024

Banking - June, 2024

274 articles

• Chevron's End Is Just The Start For Energized Agency Foes
• Visa, Mastercard Can Manage 'Greater' Fee Deal, Judge Says
• Citi Wants Termination Suit Over Alleged Lies To OCC Tossed
• Custodia Bank Asks 10th Circ. For Fed Master Account Win
• In Chevron Case, Justices Trade One Unknown For Another
• Problems Linger Amid Efforts To Clean Up Debt Firm's Mess
• Home Point Investor Attys Get $1.5M Fee As Judge OKs Deal
• Judge Won't Give Bond Co. More Time To Pay $811M Fine
• Texas Bank Wants Ramey Sanctioned For 'Incoherent' IP Suit
• Bitcoin Device Seller Sues Ex-CEO, Alleging $5.3M Fraud
• IRS Finalizes Broker Rules For Digital Asset Sales
• Shearman Veteran To Step Down After 47 Years
• NY Banking Brief: All The Notable Legal Updates In Q2
• 4 Important Events In Bank Regulation: A Midyear Review
• 4 Things To Know As New SPAC Rules Take Effect
• Bank Shareholders Win $800K In Venezuelan Takeover Suit
• High Court Enters July With 3 Rulings To Go
• UK Litigation Roundup: Here's What You Missed In London
• Skiing And Surfing Make Me A Better Lawyer
• Supreme Court Strikes Down Chevron Deference
• Texas Bank Moves For Partial Win In Ginnie Mae Loan Suit
• High Court Liberals Warn Jarkesy's Reach Will Be Widespread
• BofA, JPMorgan, Others To Pay $46M To End Rate-Swaps Suit
• AG Says Trump Recusal Bid Relies On 'Distortion Of Facts'
• Coinbase Says SEC, FDIC 'Stonewalled' Crypto Info Requests
• CFPB Urged To Set Standards On Rooting Out AI Lending Bias
• Unpacking The Circuit Split Over A Federal Atty Fee Rule
• In Biz Account Breaches, Look Beyond The Payment Platform
• Conn. Banking Dept. Defends $25K Fine Against Legal Funder
• Bradley Arant Adds Former Wells Fargo Associate GC In DC
• Justices Limit SEC's Use Of In-House Courts
• BofA COVID Benefit Card Suit Trimmed After Prior Order Axed
• Umpqua Bank Can't Undo Class Cert. In $300M Ponzi Suit
• Ex-Ameriprise Father-Son Duo Agree To Return Biz Info
• Crypto App Pledges More Refunds In Multistate Settlement
• After Covering For Ex, Man Gets 53 Months For PPP Scheme
• Italian Co. To Pay Feds $538K Over N. Korean Animation Job
• Fed. Circ. Says No Fees For HID Global In Patent Suit
• Big Banks Cleared Fed's Stress Tests, Despite 'Higher Losses'
• Making Plans For BNPL Consumer Protection Compliance
• EU Justice Head Loses Bid To Lead Human Rights Group
• A Picture Of Office Sector Distress
• Archegos Duo Won't Testify In $36B Market Distortion Trial
• Crypto ATM Co. Coinme Taps MoneyGram Atty As Legal Head
• Bank Groups Rip CFPB Stance On Wire Rules In NY's Citi Suit
• Warhol, Monet Artwork Forfeited To US In 1MDB Clawback
• 2 Federal Judges Stall Biden's Student Loan Debt Relief
• Adviser, Firm Owe SEC $425K For Mishandling Crypto Assets
• CFPB Delays Start Of Small-Biz Loan Rule Deadlines Until '25
• FTX Gets OK To Seek Creditor Votes On Ch. 11 Plan
• Broker's Lax ACH Monitoring Led To $330K Theft, FINRA Says
• NY Judge Rejects Visa, Mastercard Fee Deal
• FTC Suit Merely 'Publicity Stunt,' Seattle Bill Pay Biz Says
• Hedge Fund Exec Avoids Prison After Forex-Rigging Trial
• American Airlines Can't Move Frequent Flyers' Suit To Texas
• Banks As Crypto Custodians May Rest On SEC Bulletin's Fate
• After A Brief Hiccup, The 'Rocket Docket' Soars Back To No. 1
• Takeaways From Regulators' £61.6M Citigroup Trading Fine
• SEC Official Urges Banks To Report Commercial RE Risks
• GM Financial Pulls FDIC Industrial Bank Application, For Now
• JPMorgan Should Save Data Sob Story For Feds, Argus Says
• Mortgage Co. Fights To End Borrowers' RICO 'Smear' Suit
• Big Banks Face Potential Broader Recovery Plan Rules
• A Framework For Investigating Commercial Loan Fraud
• Julie Chrisley To Be Resentenced, But Convictions Stand
• OCC Eyes Post-SVB Revamp To Recovery Planning Standards
• PNC Beats ERISA Suit After Class Expert Found Unreliable
• Pa. Court OKs $3.65M Deal On Student Loan 'Pay-To-Pay' Fees
• Chase, Florida Law Firm Settle $100K Wire Theft Suit
• Recruitment Trends In Emerging Law Firm Frontiers
• 3rd Circ. Seems Ready To Send Experian Row To Arbitration
• 4 Big Banks Cited For 'Living Will' Weaknesses By Fed, FDIC
• FDIC Creates Offices To Investigate Workplace Misconduct
• Crypto Vet With FTX Ties Launches Fintech Policy Think Tank
• FDIC Approves 1st Industrial Bank Application In Years
• Claims Trimmed In Neb. Tribe's Debt Collection Suit
• Chase Didn't Stop Fraudulent Transfers, Fla. Biz Owner Says
• Former CEO Wins Unpaid Benefits Suit Against Credit Union
• What Companies Should Consider Amid Multistate AG Actions
• Paul Hastings Bankruptcy Ace Joins Greenberg Traurig
• Russian Bank Founder Hit With Asset Freeze In $850M Claim
• 9/11 Firm Consultant Acted Alone In Depo Leak, 2nd Circ. Told
• UK Litigation Roundup: Here's What You Missed In London
• Attys Eye $1.4M Slice Of State Street Retirement Plan Deal
• Glassblowing Makes Me A Better Lawyer
• 5th Circ. Starts Clock For Redo Bid In CFPB Payday Rule Case
• Trump Calls For Engoron's Recusal In Civil Fraud Case
• FDIC Expands Requirements For Big-Bank Resolution Plans
• Colo.'s Opt-Out Interest Rate Law Halted In Trade Group Suit
• Oprah Special Hiked Viacom Price, Archegos Trader Concedes
• Finance Co. Asks Fed. Circ. To Read Its 1.4K Pages Of Evidence
• Ex-ITT Students Net $12M Win In Predatory Lending Scheme
• Walmart, Capital One Settle Credit Card Agreement Spat
• Ex-Popular Bank VP Convicted Of COVID Aid Fraud
• What DOL Fiduciary Rule Means For Private Fund Managers
• Deals Rumor Mill: Carlyle-KKR, Didi IPO, Open AI
• New Navajo Law Expected To Double Infrastructure Funds
• AssetMark To Buy $12B In Assets From Financial Services Biz
• Money, Money, Money: Limiting White Collar Wealth Evidence
• Unpacking The Latest Tranche Of Sanctions Targeting Russia
• How Associates Can Build A Professional Image
• Tax Preparer With $38M In Refunds Cops To S-Corp. Scam
• Fed Should Vote Now On Basel Capital Hike Plan, Warren Says
• 4th Circ. Says Filmmaker Has Right To Sealed Court Docs
• Sterling Bank Ex-CEO Won't Face Charges Over Loan Program
• 5th Circ. Keeps Suit Over CFPB's Card Late Fee Rule In Texas
• Lender Sues To Recoup $1M From Renowned Boston Chef
• Archegos Trader Doubles Down On Hwang Accusations
• Noncustomers Cinch Settlement In Citibank Robocall Suit
• Considerations For Cooperation Contracts In Loan Trades
• Mich. AG To Pursue Deadlocked Charges In Carhartt Atty Case
• Firms Must Rethink How They Train New Lawyers In AI Age
• CFPB Reaches $7M Deal In Suit Over Ex-Exec's Money Moves
• Pastor Tied To NYC Mayor Gets 9 Years For Fraud Conviction
• PennyMac 'Shocked' Investors With Post-Libor Fix, Suit Says
• Bitcoin Mining Hosting Vendor Can't Dodge $6.4M Suit
• Discover Unit Settles Visa Card Transfers Antitrust Suit
• High Court's BofA Ruling Leaves State Preemption Questions
• Ginnie Mae, HUD Want Bank's Loan Lien Suit Sent To Dallas
• FTX, Customers Lay Claim To SBF's $11B Forfeiture Tab
• Binance Says Hamas Attack Suit Can't Prove Fundraising Link
• Cyber Takeaways For Cos. From Verizon Data Breach Report
• Catching Up With Delaware's Chancery Court
• Think Like A Lawyer: Always Be Closing
• Ozy Trial Gets Heated, Exec Tells Of Lies, Google CEO Pops In
• Novel Ill. Swipe Fee Law Sparks New Banks V. Retailers Battle
• 2nd Circ. Releases Citi From Order To Freeze Assets In Gabon
• Fed Limits Bank's Fintech Dealings Over Risk Concerns
• Russian Businessman's Fight To Enforce $92M Award Ends
• CFPB Says 5th Circ. Should Leave Payday Rule Case For Dead
• SEC Says Bahamas Firm Was Set Up To Skirt Day Trading Rules
• Expected Developments From Upcoming Basel Capital Rules
• Acting NJ Banking Director Denied Title Due To Sex, Suit Says
• Takeaways From Nat'l Security Division's Historic Declination
• Deciphering SEC Disgorgement 4 Years After Liu
• UK Litigation Roundup: Here's What You Missed In London
• Visa, Mastercard Fee Deal Not 'Likely' To Get Court Approval
• CFPB's Chopra Sees 'Pressing Need' For Data Protections
• Goldman Exec's 'Mind Entirely Blown' By Fake Ozy Media Call
• Judge Orders $2.9M Chinese Dissident's Fund Share Sale
• KeyBank Borrowers' $6M Data Breach Deal Gets Initial OK
• Prudential Investors Get Final OK On $35M Settlement
• Judge Asks If Amazon Is Doomed To Stay In Wiretapping Suit
• Judge OKs RBS, Lloyds Bank and Others' $1.9M Libor Deal
• SEC's Gensler Rethinking AI Advising, Crypto Custody Regs
• Updates To CFTC Large Trader Report Rules Leave Questions
• Risks And Promises Of AI In The Financial Services Industry
• Playing The Odds: Criminal Charges Related To Sports Betting
• Fintech Remitly Hires Ex-Google Compliance Chief
• Pryor Cashman Aided Developer Fraud, Owes $5.7M, Cos. Say
• Deals Rumor Mill: Paramount, Cineworld, Kraken IPO
• Biden Picks CFTC's Goldsmith Romero For FDIC Chair
• Playing Chess Makes Me A Better Lawyer
• Axos Bank Can't Arbitrate 'Bait & Switch' Suit, Customers Say
• Oppenheimer, Cybersecurity Co. Settle $12M SPAC Bill Spat
• FDIC Head Must Go To Change Status Quo, GOP Reps. Say
• 'Tiger-Wolf' Trader Cops To Wire Fraud For $700K Scheme
• 1st Circ. Finds PREPA Bondholders Have $8.5B In Valid Liens
• 2nd Circ. Backs Brokerage In Suit Over Biotech's Failed IPO
• Chopra Rejects Fresh 'Earnings' Attack On CFPB Funding
• Wells Fargo Accused Of Mismanaging Forfeited 401(k) Funds
• SPAC Dealmakers Expect Modest Pickup After Market Bottom
• Forte Biosciences Reaches $2M Deal To End Chancery Suit
• 9th Circ. Questions Arbitration Carveout For AmEx Workers
• Beware Shifting Provisions In Middle-Market Loan Documents
• Loan Co. Owners Say SEC Improperly Expanded Receivership
• Freshfields Adds Ex-Kirkland, Davis Polk Attys In New York
• How SEC Could Tackle AI Regulations On Brokers, Advisers
• Norton Rose Adds 12 BCLP Attys In Denver, St. Louis
• Judge Tells Embezzling Atty To Focus As Sentencing Looms
• Litigation Inspiration: Attys Can Be Heroic Like Olympians
• Pillsbury Adds Aviation-Focused Bankruptcy Partner In NY
• 4 Firms Steer $3.7B Canadian Banking Merger
• 2nd Circ. Cites Macquarie In Booting Suit Over Go-Private Deal
• Fed's New Internal Trading Policy Full Of Loopholes, Sens. Say
• Capital One Will Face Savings-Rate MDL In Its Home District
• Willkie Farr Hires 11 Ex-Latham Bankruptcy Attys In Germany
• SVB Wants A Trial Over Its $605M Tax Bill From IRS
• Wells Fargo Seeks Exit From 'Free Trial' Marketing Scam Suit
• What To Know As CFPB Late Fee Rule Hangs In Limbo
• Ga. Justices Disbar Atty For Unlawful Disbursement Of $2M
• Charity Founder Charged With Embezzling $2.5M, Evading Tax
• Lean Into The 'Great Restoration' To Retain Legal Talent
• CFPB Floats Rule To Take Medical Debt Off Credit Reports
• Archegos Boss Got Angry Over Bathroom Breaks, Jury Told
• French Tax Law Challenged On Free Movement Grounds
• Ex-LA Chinatown Bank CFO Gets 3 Years For Embezzlement
• Pension Fund Repays PBGC $8M In Excess Financial Aid
• US Treasury Targets Houthi Maritime Smuggling Network
• Unlocking Blockchain Opportunities Amid Legal Uncertainty
• Chinese Dissident's Banker Lied About Accounts, Jury Hears
• Justices Call For Do-Over In 9th Circ. Bank Preemption Case
• The Uncertain Scope Of The First Financial Fair Access Laws
• CFPB Urges 5th Circ. To Holster 'Weapon' In Late Fee Fight
• Connecticut Man Ran Illegal $1M Crypto Exchange, Feds Say
• Bank Says Alzheimer's Center Owes $17M On Defaulted Loan
• GOP Sens. Look To Sanction ICC Over Netanyahu Warrant
• Carhartt Heir's Atty Cleared On 2 Counts; Deadlock On Rest
• Shein's Pursuit Of London IPO Proves US-China Rift Persists
• Debate Over CFPB Definition Of Credit Is Just Beginning
• Ex-Director In NYC Mayor's Office Charged With Bank Fraud
• UK Litigation Roundup: Here's What You Missed In London
• Treasury Eyes AI As OCC Chief Calls For More 'Accountability'
• Calif. Judge Pauses Wells Fargo Investor Row Over State Case
• Ameriprise Says Father-Son Ex-Reps Stole Client Info
• Fintech Lender Ran 'Bait & Switch' With Borrowers, Suit Says
• PNC Settles Former Worker's Race Bias Suit
• Investors Say Fund Preyed On Alums For RICO Scheme
• FCC Could Change Credit Rules To Qualify For Broadband Aid
• Key Takeaways From 2024 Accountants' Liability Conference
• A Closer Look At Feds' Proposed Banker Compensation Rule
• Lewis Brisbois Adds Corporate Pro In DC From Womble Bond
• 'Brussels Effect' Of EU's AI Act Is Uncertain, Legal Pros Say
• Fishing Makes Me A Better Lawyer
• Tokenizing Real Assets Touches Crypto Concerns, Reps Say
• Adviser Can't Unfreeze Assets To Pay Atty Fees
• Bank Shareholders Say Venezuelan Takeover Cost Them $27M
• Bank Group Takes Fight Over FDIC Fee Letter To 8th Circ.
• Citibank Can't Avoid Paying $6M Wash. Biz Tax
• Axos Says Money Market Account Suit Should Be Arbitrated
• Wells Fargo Sued For Allegedly Aiding $300M Ponzi Scheme
• NY Judge Says Block, Intuit Are Part Of Visa Antitrust Deal
• Synchrony Charges Were Unlawful 'Veteran Penalty,' Suit Says
• Feds Sue To Recover $5.3M Stolen From Union In Email Scam
• Attys Get Third Of $1.4M Webster Bank Breach Deal
• CFPB Opens Door To Open Banking 'Standard Setters'
• Archegos Ex-Exec Who Sued Fund Testifies At Founder's Trial
• Parsing Controversial Del. General Corporation Law Proposals
• A Look At US-EU Consumer Finance Talks' Slow First Steps
• $6M KeyBank Breach Settlement 'Very Good,' Ga. Judge Told
• US Bancorp Can't Get Immediate Appeal In 401(k) Fee Suit
• 5th Circ. Venue-Transfer Cases Highlight Mandamus Limits
• A Healthier Legal Industry Starts With Emotional Intelligence
• Morgan Stanley Unit Seeks Exit From Alorica 401(k) Fee Suit
• GOP Spending Bill Aims To Cut SEC Budget, Nix Climate Rule
• CFPB Seeks Traffic Cop For Parallel Small-Biz Data Rule Suits
• Russian Bank Threatens Ukraine With Expropriation Claim
• S. Korea Claims Victory In Chinese Investor's $1.47B Dispute
• Ex-Startup CEO Gets 3-Year Sentence For Embezzling $5.9M
• JPMorgan Accused Of Retaliating Against Indian H-1B Worker
• Bread Financial Wants Suit Over Spinoff's 'Death Spiral' Axed
• Fla. Biz Owners Indicted On Grant-Writing Fraud Conspiracy
• 2 Firms Tapped To Lead Barclays Investor Suit
• BofA Gets First Nod For $21M Wire Fee Settlement
• CFPB Cautions Firms Against Contractual 'Fine Print Tactic'
• Navigating Self-Disclosures As A Regulated Financial Entity
• To Make Your Legal Writing Clear, Emulate A Master Chef
• Jury Still Deadlocked Over Carhartt Atty's Embezzlement Trial
• 2nd Circ. Backs TD Bank's Win Over Ex-Manager's Bias Suit
• SEC Shutters Salt Lake City Office, Shifts Cases To Denver
• First Citizens Bank Seeks $15M Tax Refund After Bailout
• What Junk Fee Law Means For Biz In California And Beyond
• Circuit Judge Writes An Opinion, AI Helps: What Now?
• Mich. Credit Union, Fla. Bank Merge With $2.2B In Assets
• Archegos Jury Note Demands Info After Atty's COVID Absence
• Ohtani's Ex-Interpreter Cops To Stealing $17M From MLB Star
• FTX, IRS Propose Settling $8B Tax Fight For Just $885M
• Fifth Third Bank Sued Over 'Hidden' Cost Of Solar Panel Loans
• Navy Federal Lets AI Co. Monitor Calls, Suit Says
• Vietnamese EV Co. Hit With Investor Suit Over SPAC Merger
• Some Racketeering Claims In $92M Award Suit Can Proceed
• Treasury Aims To Salvage Corp. Transparency Act At 11th Circ.
• Epoch Times CFO Charged With $67M Laundering Scheme
• Equifax Judge OKs $1.1M Atty Fees In Debt Reporting Deal
• In The CFPB Playbook: Regulatory Aims Get High Court Assist
• Lawyer Sues Ex, Attys After $30K Law School Loan Judgment
• African Gov'ts Made Big Gains From Data Swaps In 2023
• Archegos Bets Moved Stock Prices Like A 'Magnet,' Jury Told
• Novel Web Privacy Suits Under Calif. Credit Card Law From '71
• Atty May Face Suspension In State Street Billing Row
• CFPB Unveils Registry To Track Nonbank 'Repeat Offenders'
• NY Ruling Paves A Court Payment Shortcut For More Creditors
• High Court Won't Hear Arguments On Madoff Clawback Math
• Blockbuster Summer: 10 Big Issues Justices Still Must Decide