Banking Archive » August, 2024

Banking - August, 2024

326 articles

• $100M Deal Finally Ends MoneyGram Unclaimed Property Fight
• Ex-Detainee Can't Be Forced To Arbitrate Card Fee Suit
• Republic Bank Tells IP Lawsuit Judge It's Bankrupt
• Whistleblower Seeks 2nd Bid At $690M Claim In DC Circ.
• Assessing Whether Jarkesy May Limit FINRA Prosecutions
• The Bank Preemption Ripple Effects After Cantero, Flagstar
• FINRA Dings Raymond James $2M Over Customer Complaints
• Conn. Mayor Says Scam Cost Town $208K, Finance Chief Out
• Being An Opera Singer Made Me A Better Lawyer
• UK Litigation Roundup: Here's What You Missed In London
• FTX Exec Drops Bid To Undo Plea Amid Partner's Indictment
• Firm Accused Of Botching Arbitration In Tribal Lending Row
• PNC Asks 4th Circ. To Reconsider HELOC 'Offset' Ban Ruling
• Texas' Anti-ESG Law Is Unconstitutional, Green Biz Org Says
• Show Your Work, 5th Circ. Tells Judge In Banks' Subpoena Fight
• Schwab's 'Cash Sweep' Paid For TD Ameritrade Buy, Suit Says
• CFPB Fines NewDay $2.25M Over VA Home Loan Practices
• CFPB Notches Default Win Against Ga. Auto Loan Servicer
• Class Attys Seek Chancery Doc Sanctions In Santander Suit
• 4th Circ. Won't Revive Whistleblower's Credit Suisse Tax Suit
• Convicted Drexel Prof Says Records Would've Swayed Jury
• Backpage Co-Founder Gets 5 Years In Prostitution Case
• Aon Unit Accuses Chinese Bank Of $2.8B Reinsurance Fraud​​​​​​​
• JPMorgan Says Ex-Adviser Poached Clients Worth $13M
• Amid SEC Rule Limbo, US Cos. Subject To ESG Regs In EU
• How Law Firms Can Avoid 'Collaboration Drag'
• Banking Compliance Takeaways From Joint Agency Statement
• Calif. Assembly OKs 1st-Of-Its-Kind AI Safety Bill
• Telegram CEO Indicted In France Over Crimes On Platform
• Raymond James Hit With Suit Over 'Cash Sweep' Programs
• BofA Units Fined $3M Over Trade Surveillance Compliance
• Capital One Says Merger's Pending Approval Tanks Challenge
• NJ Law Firm Sues TD Bank Over Bounced $149K Check
• SEC To Embattled NC Insurance Exec: Show Us The Money
• Fla. Bank City National Says Applebee's Franchisees Owe $8M
• BofA Hit With Suit Alleging 'Exploitative' Trust Insurance Costs
• Billionaire Vik Says Deutsche Bank's 'Harassment' Must End
• Justices Won't Revive Student Debt Relief Plan Right Now
• Farella Braun Can Pursue Unpaid SVB Fees From FDIC
• Greenberg Traurig Builds PE Team With Kirkland Hires
• Litigation Funding Disclosure Key To Open, Impartial Process
• Regulators Are Revamping Use Of Bank Service Company Act
• Managing Credit Card Rewards Programs Amid Scrutiny
• Wells Fargo Says 'Good Faith' Efforts Ax Investors' Bias Suit
• CFPB Late Fee Rule Has Slim Ties To Fort Worth, Judge Says
• Capital One Accused Of Selling Account Data To Meta, Google
• Deutsche Bank, Rabo Beat Antitrust Suit Over Euro Bonds
• Bank Seeks To End Claims It Mismanaged Treasury Program
• Colo. Co. Deprived Analyst Of $58M Stock Deal, Judge Rules
• 2nd Circ. Urged To Reject Preemption Defense In BofA Row
• Clark Hill Adds Atty In NYC From Schoeman Updike
• Rescheduling Pot Unlikely To Fix Banking Issues, Report Says
• SEC Says Adviser Touted AI Project, Phony IPO To Fleece $6M
• Chancery Voids Bank Board Picks In Scheduling Suit
• Bank Customer Mistaken For Criminal Loses Class Cert. Bid
• NY Fines Nordea Bank $35M In Panama Papers-Linked Action
• New Jersey Man Gets 3 Years In Prison For Forex Fraud
• Nasdaq Seeks SEC's Green Light To Launch Bitcoin Options
• Wells Fargo Seeks To Scrap Ex-Worker's $22M ADA Verdict
• First Busey, CrossFirst Bankshares Merging In $917M Deal
• Whistleblowers Must Note 5 Key Differences Of DOJ Program
• Morgan Stanley Applicant Drops Suit After Pseudonym Order
• Duane Morris Hires Ex-Dickinson Wright Fintech Expert
• What NFL Draft Picks Have In Common With Lateral Law Hires
• Businessmen Say Feds' Ky. Tower Seizure Suit Can't Proceed
• Banks' $20M Platinum Traders Antitrust Deal Gets Initial OK
• 'Jarkesy 2.0': SEC Sees New Attack On In-House Courts
• BNY To Pay $5M CFTC Fine Over Swap Reporting Issues
• 11th Circ. Won't Revive JPMorgan Chase Whistleblower Suit
• CFPB Defeats Challenge To Small-Biz Lending Rules
• Health System Sues JPMorgan Over Funds Lost In Scam
• CrowdStrike Incident Highlights Third-Party Risk For Banks
• Bank Co. Disputes AIG's Reading Of Covered Defense Costs
• Telegram CEO Arrested In French Probe Of Messaging App
• Open Questions 3 Years After 2nd Circ.'s Fugitive Ruling
• JPMorgan Cash Sweep 'Shortchanged' Customers, Suit Says
• Replacing The Stigma Of Menopause With Law Firm Support
• FDIC Says Ex-Lender Can't Have 3rd Bite At In-House Apple
• Justices Urged To Tackle Arbitral 'Manifest Disregard' Split
• Conn. Adviser Wants FINRA Complaint Records Deleted
• Wire Verification Not Vital In Fla. Fraud Suit, Wells Fargo Says
• Western Union Seeks To Toss Most Claims In $8M Breach Suit
• JPMorgan's $26K Atty Fee Award Overturned By Conn. Panel
• Patent Case Against USPTO Mimics Failed Suit, Feds Say
• Crypto Regs Could See A Reset Under The Next President
• Planning Law Firm Content Calendars: What, When, Where
• Key Concerns To Confront In FDIC Brokered Deposit Proposal
• Cape Cod Bookkeeper To Cop To $1.3M Embezzlement
• 10th Circ. Pauses Debt Relief Appeal After 8th Circ. Ruling
• 3rd Circ. Denies Liberian Bank Whistleblower's Asylum Bid
• State Bank Coalition Establishes AI Advisory Group
• Texas Court Backs Nate Paul's Co. In Real Estate Receiver Row
• Ex-Morgan Stanley Representative Concedes SEC Suit
• 4 Steps To Address New Sanctions Time Bar Extension
• Ameriprise Benefits Most From Cash Sweeps, Customer Says
• Big Deals Boost M&A Values As Transaction Numbers Dip
• Insuring Lender's Baseball Bet Leads To Major League Dispute
• NY AG Tells Appeals Court To Uphold $465M Trump Judgment
• Bank, Fintech Groups Say FDIC Should Ice 'Hot Money' Plan
• Insurer, Atty Drop Case Linked To Bogus Check Scheme
• Deals Rumor Mill: Saudi Fund, Disney-Reliance, Repligen
• Implementing Proposed AML Rules May Take More Guidance
• Playing Golf Makes Me A Better Lawyer
• Crypto Lobbyist Hit With FTX Campaign Finance Charges
• What To Expect From CFPB And DOT Card Rewards Inquiry
• FTX's Salame Says Feds Broke Deal Not To Probe Girlfriend
• FDIC Taps MoFo Atty To Monitor Workplace Transformation
• Ga. Justices Look Ready To Kill $20M Garnished Judgment
• Fla. Co. To Pay $5M To End CFPB's Illegal Foreclosure Claims
• TD Bank Designates $2.6B For Anti-Money Laundering Fines
• 8th Circ. Reboots Fed Swipe Fee Suit After High Court Ruling
• Student Loan Trusts Rip 'Aggressive' CFPB In High Court Bid
• Western Asset Exec Takes Leave Of Absence Amid SEC Probe
• NC Biz Court Bulletin: Wrinkle In Textile Family's $17M Fight
• TransUnion Bid For CFPB Docs In Settlement Case Tossed
• Law Firms Should Move From Reactive To Proactive Marketing
• Wells Fargo Hires Jones Day After $22M ADA Trial Loss In NC
• BofA Gag Clause Suit Heads For 9th Circ. After 2nd Dismissal
• 3 Ways To Limit Risks Of Black-Box AI In Financial Services
• FDIC Challenged Over 'Kafkaesque' Enforcement Proceeding
• Houston Medical Group Sued Over Unpaid $20M Bank Loan
• Ex-Goldman Analyst's Stepbro Ducks Prison For Inside Trades
• Credit Union, 'Dreamers' Get Final OK To Settle Loan Bias Suit
• Mich. Man To Face Loan, Wire Fraud Charges Despite Mistrial
• Feds Want 20 Years For Backpage Trio In Prostitution Case
• Split 6th Circ. Revives FCRA Claims Against Experian
• Local Chamber Can't Keep CFPB Case In Texas, Agency Says
• Investment Co. Officers Oppose Counterclaims In $4M Deal Row
• When Banks Unknowingly Become HIPAA Biz Associates
• 3 High Court Rulings May Shape Health Org. Litigation Tactics
• BigLaw Firm Sues Feds For Halkbank Cooperator Docs
• 'Full Steam Ahead' For Pandemic IG Despite Sunset Fear
• A Deep Dive Into Law360 Pulse's 2024 Women In Law Report
• These Firms Have The Most Women In Equity Partnerships
• The Big Issues A BigLaw Associates' Union Could Address
• Catching Up With Delaware's Chancery Court
• BankRI Pans 'Overspending' Customer's Account Fees Suit
• Deutsche Bank Moved Money For ISIS, Victims' Families Say
• Feds Trim Sentencing Request For Atty In Email Fraud Case
• Free Speech Group Says NY Official Must Face NRA's Suit
• NC Accelerator Claims It Was Duped Into Investment
• Even Kids Use 'Unfair' Like CFPB Policy Does, 5th Circ. Told
• CFTC's Pham Wants More Credit For Firms In Wash Trade Deal
• It's Time For A BigLaw Associates' Union
• Why DOJ's Whistleblower Program May Have Limited Impact
• CFPB's Earned Wage Access Rule Marks Regulatory Shift
• A&O Shearman Hires Ex-Morgan Stanley Exec In New York
• Simpson Thacher Atty Is Paul Hastings' Latest Finance Hire
• Deutsche, Ex-Trader End 2nd Libor Malicious Prosecution Suit
• CFPB Signals Patience As BNPL Firms Navigate New Policy
• Drexel Accounting Prof Convicted Of Evading Tax On $3.3M
• How Justices Upended The Administrative Procedure Act
• How Corner Post Affects Enviro Laws' Statutes Of Limitations
• 'Brazen' Plot To Steal Graceland From Presleys Nets Charges
• Atty Who Reported Client Can't Get SEC Award, DC Circ. Says
• PE Firm's SpaceX Suit Belongs In Delaware, HK Co. Says
• UK Litigation Roundup: Here's What You Missed In London
• Taxation With Representation: Cleary, Kirkland, Skadden
• Connecticut Litigation Highlights Of 2024: A Midyear Report
• Colo. Atty Sues Bank, Opposing Counsel Over Hack Attack
• Treasury's Sanctions Unit Slaps Penalties On Houthi Network
• Zymergen Investors Can't Beat Suit Over Pre-IPO Statements
• Shift4 Beats Suit Over 'Questionable' Accounting Practices
• Discover Can't Arbitrate Fraud Risk Claims, But Amex Can
• SEC Defendants Fight Ex-Latham Atty For Whistleblower Docs
• Jarkesy May Thwart Consumer Agencies' Civil Penalty Power
• Lessons From Recent SEC Cyber Enforcement Actions
• Startup's Cannabis Payment Deal Dispute Can Move Ahead
• Banking Groups Sue To Thwart New Ill. Swipe Fee Restrictions
• Ga. Man Accused Of Trying To Steal $1.9M In COVID Funds
• SEC, CFTC To Collect $474M In Latest Texting Probe Fines
• CFPB Faces Call To Treat Housing Rental Leases As 'Credit'
• New York Sues Lease-To-Own Fintech For 'Cheating' Users
• FINRA Fines Morgan Stanley $400K Over Transaction Records
• 4th Circ. Says Credit Card 'Offset' Ban Applies To HELOCs
• CFPB Probe Draws Bead On Sporting Goods BNPL Firm
• Treasury Says $82M Will Boost Tribal Small Business Growth
• Del. Justices Affirm $266M Atty Fee Award In Dell Class Suit
• Ukrainian Bank In $1.1B Russia Case Points To Nigeria Ruling
• Philly Art School Hit With Students' Suit Over Abrupt Closure
• Ex-Allied Wallet Execs Plead Guilty In $150M Fraud Scheme
• SC Justices Agree To Hear Murdaugh's Jury Tampering Claim
• Inside OCC's Retail Nondeposit Investment Products Refresh
• Feds Nab US-Iran Citizen On Aircraft Parts Charges
• Mirror, Mirror On The Wall, Is My Counterclaim Bound To Fall?
• Rapper Gets Probation In Stolen Payment Card Scheme
• 2nd Circ. Partially Revives Retirees' JPMorgan Benefits Suit
• TMX Affiliate Sues Pa. Regulator To Block Potential $52M Fine
• Chamber Defends Texas Home For CFPB Late-Fee Rule Suit
• CFPB Says Predatory Lenders Targeting Muslim Homebuyers
• FDIC Looks To Dodge Suit Over First Republic Bank's Rent
• Tesla Stock Buy Fraud Nets 33-Mo. Sentence For Calif. Man
• 'Delusional' Ex-Atty Gets 25 Years For Bank Embezzlement
• 3rd Circ. Nixes Debt Collection Suit, Leaves Award In Question
• Capital One Blames Customers For 'Refer A Friend' Texts
• Loper Fuels Debate Over Merchant Cash Advances As Credit
• Insurance Lessons From 11th Circ. Ruling On Policy Grammar
• Bank M&A Continues To Lag Amid Regulatory Ambiguity
• State Street Fired 9/11 Victim During Cancer Bout, Suit Says
• Playing Dungeons & Dragons Makes Me A Better Lawyer
• Texas Wants Debt Relief Review In Wake Of 8th Circ. Ruling
• Chase Bank Sued Over Alleged Ties To $119M Ponzi Scheme
• Accused Accounting Prof Is No Tax Expert, NJ Jury Told
• FTC Seeks To Undo Trimming Of Walmart Money Transfer Suit
• Navy Federal, Recording Software Co. Want Privacy Suit Nixed
• TelexFree Victims To Depose Alleged Scammer's Estranged Wife
• Judge Won't DQ Asst. US Atty In Standard Chartered FCA Case
• Deutsche Bank Fights Del. TRO Lift In $380M Vik Asset Fight
• Morgan Stanley Trims Black Recruiter's Bias Suit For Now
• Ease Letter Of Credit Rules For Tribal Broadband, FCC Urged
• Lending Co. Best Egg Can Arbitrate Interest Rate Dispute
• A Look At The Regulatory Scrutiny Facing Liquid Restaking
• Judge OKs IRS To Review Bank Docs Of Exec In Bitcoin Probe
• 2nd Circ. Says Arbitration Ban Protects Sex Harassment Suit
• Scotiabank Lands Minority Stake In KeyCorp In $2.8B Deal
• Morgan Lewis Escapes DQ Over Dual Rep. In HSBC OT Case
• Ally Bank Latest Auto Lender To Challenge Mass. Towing Law
• Feds Say Smartmatic Execs Bribed Philippine Elections Head
• SEC Settles With EV Fleet Co., 3 Execs For More Than $5M
• SVB's $1.9B FDIC Suit Won't Open 'Floodgates,' Judge Says
• Guarantors Ink Deal To End 11th Circ. Appeal Of $8.7M Award
• Ex-Mozambique Finance Minister Convicted For $2B Scheme
• Biz Groups Urge Keeping CFPB's $8 Late Fee Cap On Ice
• Colony Ridge Mortgage Co. Says It Was 'Office Geek' For Site
• 'Outrageous': Dems Grill JPMorgan Over Potential New Fees
• Virtu Financial Can't Cut Down SEC's Information Security Suit
• CFTC's Proposed Election Trading Ban Garners Mixed Feedback
• 5 Insights Into FDIC's Final Rule On Big-Bank Resolution Plans
• Fla. Forex Trader Gets 24 Years For $57M Ponzi Scheme
• 3 Leadership Practices For A More Supportive Firm Culture
• Fannie Mae Seeks Memory Care Receiver After $28.3M Default
• Citibank's $29.5M Deal To End Robocall Row Gets First Nod
• UK Litigation Roundup: Here's What You Missed In London
• Investors, Banks Pitch Next Steps In Saved Bond-Rigging Suit
• In Reddit Hot Seat, Chopra Touts CFPB Medical Debt Proposal
• FCC Told To Drop Weiss For Broadband Funding Bank Ratings
• Fed Hits Customers Bank With Crypto-Related Consent Order
• CFPB Urges 5th Circ. To Revive Anti-Bias Exam Policy
• Credit Repair Software Co., CEO To Pay $3M CFPB Fines
• Testimony of 3 Experts Limited In PNC's TM Suit Against Plaid
• 2 States Eyeing Mark Cuban-Backed App's Cash Advances
• Equifax Not Responsible For Mortgage Denial, 7th Circ. Rules
• VC, PE Firm Says Chinese Co. Cost $150M SpaceX Investment
• Cannabis Biz Real Estate Loan Considerations For Lenders
• After Chevron: Don't Let Loper Lead To Bank Compliance Lull
• Monroe, Triad Team Up In $300M Collab To Buy Rental Loans
• Deals Rumor Mill: Roche, Thoma Bravo, Klarna
• E-Discovery Quarterly: Rulings On Hyperlinked Documents
• Enron Law Is Still Threat To Execs After Justices' Jan. 6 Ruling
• FTC, CFPB Turn Up Scrutiny On Solar Energy Sales Practices
• TD Bank Shared Customer Data With Meta, Suit Claims
• Fintech Firm Says Plaintiff Is 'Forum Shopping' With NC Suit
• Judge Says PNC's TM Suit Against Plaid Must Go To Trial
• NC Biz Court Bulletin: The Battles Making Summer Sizzle
• Fla. Bank Shareholders Lose Bid To Stop Recapitalization Deal
• Weak Link Doomed $690M Whistleblower Claim, DC Circ. Says
• Lender Says Mogul's Privacy Concerns Stymying Trial Prep
• 6 Swipe Fee Plaintiffs 'Arbitrarily' Picked For 2025 Trial
• Loper Bright Limits Federal Agencies' Ability To Alter Course
• How 3 Recent High Court Rulings Could Shape Fintech Policy
• What Cos. Should Note In DOJ's New Whistleblower Pilot
• Eversheds Sutherland Adds Kilpatrick Bankruptcy Atty In Atlanta
• Mortgage Banker Says Experian Can't Tie Him To 'Sham' Suits
• Morgan Stanley Loses Bid To Arbitrate Background Check Suit
• CFPB Backs Homeowners In Nationstar Mortgage Fee Suit
• 2nd Circ. Says Citi Whistleblower Can't Get Cut Of $400M Fine
• Zelle Fraud Victims Seek Class Cert. In BofA Refunds Suit
• Piper Sandler Says It Will Pay $16M In Recordkeeping Fines
• Fifth Third Bank Faces MDL Bid Over Allegedly Hidden Costs
• CFPB Pans Bid For 5th Circ. To Reopen Payday Rule Fight
• Finance Co. EasyKnock Scams Poor Homeowners, Suit Says
• CFPB's Medical Debt Proposal May Have Side Effects
• Teaching Scuba Diving Makes Me A Better Lawyer
• DC Circ. Rules Russia Is Immune From Suit Over Jewish Texts
• Atty Rips Lawyer's Suit Over $30K Law School Loan Judgment
• Mich. Judge OKs FTC's Deal With Credit Repair Businesses
• DC Circ. Urged To Revive Investor's Pandemic-Era Losses Suit
• MoneyGram To Settle Fired Worker's FMLA Retaliation Suit
• Epstein's Advisers Must Face Victims' Proposed Class Action
• CFPB's Buy-Now, Pay-Later Policy In House GOP Crosshairs
• Payment Processor And Bank Defrauded Merchants, Suit Says
• Coinbase Broke Campaign Finance Laws, Crypto Critics Say
• Wis. Bank Settles Tribal Group's Bias Suit Over Peyote Use
• Morgan Stanley Says SEC Eyeing Its Cash Sweep Policies
• Indivior Accused Of Overstating Prospects Of 3 Opioid Drugs
• EarnIn's Fees, Tips Are Usurious, Ga. Consumers Say
• SEC, Other Regulators Propose Joint Data Standards
• Full Fed. Circ. Won't Eye Ruling Clarifying Foreign Damages
• BofA Can't Get 4th Circ. To Look At Collective Cert. Process
• SVB Ex-Parent's Ch. 11 Plan OK'd With $1.9B FDIC Fight Alive
• Lawyers Can Take Action To Honor The Voting Rights Act
• Evolving Regulatory Oversight For AI And Asset Management
• Ex-Credit Union VP Sues Over Pot Compliance Firing
• Decoding CFPB Priorities Amid Ramp-Up In Nonbank Actions
• Sen. Urges CFPB To Investigate Banks' Zelle Dispute Practices
• Catching Up With Delaware's Chancery Court
• USAA Agrees To $64M Settlement In Military Borrower Suit
• Dems Urge CFTC To Finalize Elections Trading Ban
• JPMorgan Says CFPB May Bring Enforcement Case Over Zelle
• CFPB Takes Fintech Flak Over Credit Card-Like BNPL Policy
• CFPB, NY Say Complaint Updates Aren't Unfair To MoneyGram
• Dems Launch Bill To Expand Zelle, Venmo Fraud Protections
• How Two Non-Bankruptcy Attys Won A Rare Ch. 7 Jury Trial
• CFPB Claim 'Strays Too Far' In Snap Finance Suit, Judge Says
• Wells Fargo's AML, Sanctions Programs Facing Investigation
• PNC Wants Court, Not Jury, To Hear Fintech Co. TM Defenses
• Ex-Dropbox Exec Says JPMorgan Can't Block Arbitration
• SDNY Brass Looks To Future After String Of Courthouse Wins
• New Russia Sanctions Law: Bank Compliance Insights
• Steptoe Finance Chair Joins Morgan Lewis In Chicago
• A Day In The In-House Life: Block CLO Talks Problem-Solving
• 3 Real Estate Investors Cop To $119M Mortgage Fraud Scheme
• Taxation With Representation: Sullivan, Dechert, Kirkland
• UK Litigation Roundup: Here's What You Missed In London
• Banking Vet Still Has Work To Do As Paul Weiss M&A Head
• More 'Equitable' Banking? This Ex-Biden Official Has A Plan
• DOJ Unveils Whistleblower Pilot, But Garners Atty Criticism
• 11th Circ. Denies Coverage, Despite Insurer's Missing Comma
• BNY's Pershing Hit With $1.4M FINRA Recordkeeping Fine
• TD Bank's $25M Client Poach Case Hits FINRA Snags
• Weil-Led Goldman Sachs Plugs $440M Into Power Biz
• 7th Circ. Ruling Expands CFPB Power In Post-Chevron Era
• Locke Lord Adds Insurance, Privacy Partners In Chicago
• GOP Senators Slam 'Burdensome' FDIC Bank Board Proposal
• Ohio Fed. Bank Denied White Worker Out Of Bias, Court Told
• Mass. Could Be New Front In The Battle Over Jury Trial Right