Banking Archive » October, 2024

Banking - October, 2024

337 articles

• Ex-Goldman Exec Says 1MDB Judge Thwarted His Defense
• Berkshire Bank Escapes Claims It Aided $90M Ponzi Scheme
• 2nd Circ. Draws BDO Back In Investor Suit In Revised Opinion
• Hinshaw Sees Fintech Pro Rejoin Firm From Ballard Spahr
• JPMorgan To Pay $151M To Resolve SEC Disclosure Claims
• Latham Hit With Sanctions In Banc Of California Securities Suit
• Feds: No 'Willfulness' Needed In Texas AG-Tied Investor Case
• NY Court Urged To Reject 'Audacious' Shareholder Test Cases
• Warren Says DOJ's 'Legal Gymnastics' Let TD Bank Off Easy
• Scott + Scott Sues Robins Kaplan For $5M In Swipe Deal Fees
• What DOJ's New National Security Obsession Means For Attys
• Reading Tea Leaves In Fed. Circ. Deep Dive On Review Scope
• Election Outcome Could Reshape Financial Industry
• How Judiciary Can Minimize AI Risks In Secondary Sources
• Vinson & Elkins To Open Denver Office With Plans To Expand
• NY Tax Talk: Questions In Corporate Franchise Tax Regs Case
• NJ Agency Accused Of Wrongfully Firing Legal Professional
• MVP: Paul Hastings' Morgan Bale
• 3rd Circ Rejects Charter Co. Exec's Ineffective Counsel Claims
• The 2024 Law360 Pulse Leaderboard
• Firms' Hiring Strategies Are Evolving In Fight For Top Spot
• Davis Wright Tremaine Adds Bank Regulatory Attorney In DC
• Meta Says CFPB Mulling Enforcement Action Over Advertising
• CFTC's Mersinger Wants Cooperation, Self-Reporting Reforms
• PayPal Says CFPB Is Probing Its Credit Product, Digital Wallets
• Capital One Says It Disclosed Sale Of Consumer Account Data
• Mortgage Co. Says Pension Fund Can't Jump In To Lead Suit
• Equifax Doesn't Report Ch. 7 Discharges, Suit Says
• TD Bank Hit With Suit Over 'Cash-Like' Advance Loans
• Amazon Escapes Biometric Data Suit Over Call Center Tech
• Judge Embraces 'Law School Geekiness' In Ill. Swipe Fee Row
• Mass. AG Seeks To Bar 'NYSE' Crypto Trading Scheme
• Feds Say No Time Left For Nebraska Tribal Debt Claims
• FTX Witness Who Saw Bankman-Fried's 'Evil' Avoids Prison
• Digging Into CFPB's Overdraft Fee Consent Guidance
• Canadian Lender Seeks Ch. 15 With Wind-Down Or Sale Plans
• MVP: Sullivan & Cromwell's Mitch Eitel
• How Attorneys Can Break Free From Career Enmeshment
• Alameda Research Wants Crypto Exchange To Return $50M
• DOJ Will Restrict Data Swapping With 'Countries Of Concern'
• Wells Fargo Fights To Ax Suit Over Identify Fraud Accounts
• BofA Faces Scrutiny Of AML Program, Zelle Payment Handling
• Yieldstreet Investors' $9M Deal Over Risky Offerings OK'd
• Republic First Bank Discriminated Before It Failed, NJ Says
• Greenberg Traurig Adds Bradley Arant Banking Ace In Dallas
• UCC Article 12 Offers Banks A Chance To Dive Into 'DePINs'
• Financial Firm Gets $1.4M Placeholder Against Adviser
• 11th Circ. Ruling Offers Refresher On 'Sex-Plus' Bias Claims
• Ex-Chicago Politician's Case May Further Curb Fraud Theories
• MVP: Simpson Thacher's Jonathan Youngwood
• Lawyers With Disabilities Are Seeking Equity, Not Pity
• JPMorgan CEO Says Banks Must 'Fight Back' As Regs Mount
• CFPB Asks DC Circ. To Topple PayPal's Wallet Disclosure Win
• Leader Of Bankers' Group Calls For Anti-Fraud Watchdogs
• NC Swaps Checks For Prepaid Debit Cards To Pay Jurors
• FCC Urged To Include Credit Unions In Broadband Fund Rules
• Conn. Justices Eye Lesson For Attys In Deathbed Will Case
• Tribe-Linked Lenders Flouted Interest Laws, Borrower Says
• Ozy Media CEO Wants Conviction Nixed Over Judge's Assets
• How DOJ's Visa Debit Monopolization Suit May Unfold
• Simpson Thacher Taps Atty Duo As 1st Banking Team Leaders
• New Export Control Guidance Raises The Stakes For Banks
• Linklaters Adds 4 A&O Shearman Finance Partners In NY
• Judicial Committee Best Venue For Litigation Funding Rules
• MVP: Williams & Connolly's Enu Mainigi And Ryan Scarborough
• 2nd Circ. Denies BNP Quick Appeal In Sudan Refugee Suit
• Failed Pot-Friendly Neobank Exec Says Court Must Hold Cash
• 3 Firms Seek $17.6M Fee For Military Borrower Class Deal
• Bangladesh Rips DC Judge's Arrest Warrant On IMF Officials
• Heinz Charity Ends Embezzlement Suit Against Ex-Adviser
• Hawkins Delafield Career Atty Moves To Nixon Peabody In SF
• Pa. House Advances State Bill To Protect Crypto Payments
• Wells Fargo Wants Quick Win In NYC Office Foreclosure Suit
• Ex-Paralegal Hits Wells Fargo With Disability Bias Suit
• Judge Chides Bid To Swap Credit Suisse Suit's Lead Plaintiff
• The Strategic Advantages Of Appointing A Law Firm CEO
• UK Litigation Roundup: Here's What You Missed In London
• Why Diversity Jurisdiction Poses Investment Fund Hurdles
• Taxation With Representation: Davis Polk, Skadden, Kirkland
• Virgin Islands Looks To Recoup Ocwen's $8.6M Tax Refund
• FTC Official Doubts Election Will Deter Antitrust 'New Era'
• Bank Groups Appeal Loss In Suit Over CFPB Small Biz Rules
• IP Forecast: Inhibrx Co-Founder Faces Biotech Secrets Trial
• CFPB Cautions Over 'Unchecked Surveillance' Of Workers
• Va. Judge Won't Block Feds' Nonprofit Disclosure Law
• Chancery Expedites Credit Card Fee Claim-Buyer Dispute
• The Ups And Downs Of SEC's Now-Dissolved ESG Task Force
• FDIC Guidance Puts Next-Gen ATMs In Regulatory Spotlight
• Conn. High Court Snapshot: $13M Tax Appeals, Will Dispute
• Feds Want Leniency For Key Witness At Bankman-Fried Trial
• Beekeeping Makes Me A Better Lawyer
• Co. Misleads Claimants About Visa Mastercard MDL, Attys Say
• Patent Owner Fed Up With Fed. Circ.'s 1-Word Decisions
• CFPB's Chopra Touts Open Banking Rule After Industry Rips It
• CFPB, Chicago-Area Lender Say Redlining Suit Deal Is 'Likely'
• TD Bank Faces Investor Suit Over $3B AML Failures Fine
• Ameriprise, Ex-Worker Duo To Arbitrate Stolen Docs Claims
• Investor Tied To Texas AG Seeks Investigation Info From Feds
• Judge Says $85M Signature Bank Lawsuit Came Too Late
• NY AG Probes Capital One's Planned $35B Discover Merger
• UBS Wins $192M Award Confirmation In Eurobond Dispute
• 9th Circ. Judge Suggests Equity Pact Counts As Wash. Loan
• Understanding New ACH Network Anti-Fraud Rules
• Veteran Boies Schiller Atty Starts Next Chapter At Sterlington
• Ex-SEC Atty, Fintech GC Joins Stradling's Securities Team
• Kirkland Adds Freshfields Atty To Boost Private Credit Bench
• 2nd Circ. Backs Early Wells Fargo Win In $100M RMBS Case
• CFPB Says Goldman, Apple To Pay $89.8M Over Card Program
• Fraud Detector Inks $500K Deal In Webster Bank Breach Probe
• Big Banks Say Yearslong Libor Suit Still Lacks Evidence
• Crypto Bills Have Lame Duck Potential, Rep. Hill Says
• BofA, Others Say Bond-Rigging Suit Still Can't Prove Conspiracy
• Halkbank Not Immune In Sanctions Case, 2nd Circ. Says
• Anticipating Jarkesy's Effect On Bank Agency Enforcement
• SunTrust Argues Overdraft Fees Didn't Violate Ga. Usury Law
• CFTC Anti-Fraud Blitz Is A Warning To Carbon Credit Sellers
• Ex-Atty Charged With Stealing Settlement Funds From Clients
• Winston & Strawn Finance Pro Joins Mayer Brown In New York
• Legal Institutions Must Warn Against Phony Election Suits
• Ex-Trucking Worker Nabs Class Status In 401(k) Fee Suit
• The 2024 Prestige Leaders
• How Law Firms Get And Keep Elite Status
• Peeling Back The Layers Of SEC's Equity Trading Reforms
• CFPB's Open Banking Rule Flops With Industry, Lands In Court
• Mastercard's Legal Chief Departs For Tech Co. Coherent
• Rocket Mortgage Faces DOJ Suit Alleging Refi Race Bias
• SEC To Focus On Advisers' Investment Outsourcing In '25
• NYSE, Cboe Win SEC Approval For Bitcoin ETP Options
• SEC, CFTC Chairs Talk Crypto, AI & Wall Street Texting Sweep
• CFPB Funding No Reason To Ax SoLo Suit, Calif. Judge Says
• 2nd Circ. Won't Revive $500M Plunge Suit Against Wells Fargo
• Belgium Joins French Courts In Telegram CEO Criminal Probe
• Truist Bank To Pay $9.1M Over 'Unwise' Trust Administration
• Cannabis Financing Co. Sues Over Dubious $3M Merger Demand
• Ga. Atty Admits To Role In $1.3B Tax Shelter Scheme
• Consultants' Bank Data Breach Claim Too Late, Insurer Says
• Judge Upholds Ginnie Mae's Authority To Vacate Bank's Lien
• What Being An 'Insider' Means In Ch. 11, And Why It Matters
• How Cos. Can Build A Strong In-House Pro Bono Program
• Bristol-Myers Win Offers Lessons For Debt Security Holders
• Davis Polk, Kilpatrick Guide $1.6B Mid-Atlantic Bank Merger
• Law360 MVP Awards Go To Top Attys From 74 Firms
• Fintech Group Challenges CFPB's Buy Now, Pay Later Policy
• Walmart Scores Quick Appeal In FTC's Money Transfer Suit
• Consumer Capital One-Discover Suit Paused For Gov't Review
• Fed. Circ. Sinks BofA's Fight Over Image Recognition Patents
• Judge Slams 'Lazy Lawyering' In Amazon Biometric Data Suit
• FCC Tells Provider Carrying Bank Scam Calls To Cut It Out
• US Fights PetroSaudi Bid To Limit $380M Seizure
• US Treasury Awards $500M To Boost Small Tribal Businesses
• Credit Suisse, PwC Fight Bondholders' Separate Merger Suits
• Weedmaps' Parent Co. Faces Investor Suit After SEC Fine
• Allianz, Santander End Shareholder Suit Coverage Fight
• Home Canning Makes Me A Better Lawyer
• 6 Firms Guide $1.1B Turkish-Kazakh E-Commerce Deal
• CFPB School Lunch Focus Could Expand E-Payment Scrutiny
• UK Litigation Roundup: Here's What You Missed In London
• Sweden's Intrum Plans To File For Bankruptcy In The US
• JPMorgan Says Trial 'Needless' After Couple Loses $20M Suit
• CFPB Sues Vocational School Lender Climb Credit, VC Backer
• Tulsa Massacre Survivors Want Accountability In DOJ Review
• Rocket Investors Eye New Cert. Bid After Post-Goldman Denial
• Lender Says Denver Property Owner Defaulted On $27M Loan
• Neobank Execs Want Out Of Cannabis Co.'s $127K Suit
• Treasury Unit Says Booze Maker Violated N. Korea Sanctions
• Feds Arrest Man In SEC X Account Hack Touting Bitcoin ETF
• Ex-CEO Of Credit Union Blames Accounting Firm For Firing
• 3rd Circ. Undoes Arbitration Denial In Experian Row
• Restaurant Says Toast Refusing To Update Bank Info
• FTX Insider Cites 'Limited' Fraud Role In Bid To Avoid Prison
• FDIC's Foray Into Index Fund Rules Risks Regulatory Chaos
• Use The Right Kind Of Feedback To Help Gen Z Attorneys
• Ga. Fintech Bank Charter Could Reshape Payments Industry
• TD Bank's $3B AML Deal Sparks Scrutiny Of Its Oversight
• $3.6M Ruling Against Merchant Cash Advance Co. Reversed
• NY's Financial Regulator Releases AI Cybersecurity Guidance
• Chinese AI Co. Hit With Investor Suit Over Nasdaq Compliance
• 3rd Par Funding Exec Admits To Racketeering In $100M Scam
• Banks Ditch Exchange's Boycott Conspiracy Suit At 2nd Circ.
• Congress Can And Must Enact A Supreme Court Ethics Code
• What To Make Of Dueling Corporate Transparency Act Rulings
• The Pop Culture Docket: Justice Lebovits On Gilbert And Sullivan
• Lender To Pay $10M To Settle Birmingham Redlining Claims
• Key Bank Blocking Hunt For Apt. Co-Op's $1.3M, Towns Say
• California's AI Safety Bill Veto: The Path Forward
• 2 SDNY Terror Finance Cases Against Binance Stay Separate
• Staying Off The CFPB's Financial Services Offender Registry
• Ex-BigLaw Partner Gets 16 Months For Tax Evasion
• CFPB Funding Shouldn't Stop Texas' Fraud Suit, Judge Says
• Santander Settles Investors' Squeeze-Out Suit For $162.5M
• In Pivot, 5th Circ. Gives CFPB Extension In Exam Policy Case
• Kirkland-Led Boeing Seeks Up To $35B Amid Labor Strike
• No 'Third Bite' For Ex-Lender's FDIC Suit, Judge Rules
• Morgan Stanley, BofA Sued Over Cash Sweep Programs
• Mich. Judge Unsure If PE Firm's Loan Broke Usury Law
• To Report Or Not To Report Others' Export Control Violations
• Ga. Fund Manager Who Fled Country Cops To Fraud Charge
• Viks Must Face Asset Sale Meddling Suit, Deutsche Bank Says
• Earned Wage Access Laws Form A Prickly Policy Patchwork
• Ex-WH Senior Associate Counsel Rejoins Ropes & Gray
• The 2024 Law360 Pulse Social Impact Leaders
• Law Firms Diverge As Anti-ESG Pushback Continues
• What FDIC Expansion Of Change In Bank Control Could Mean
• With Swipe At Attys, CFPB's Chopra Defends Use Of Guidance
• Ill. Restaurants Fire Back At Banks' Bid To Halt Swipe Fee Law
• Fintech-Focused Cohen SPAC Leads 2 IPOs Worth $250M
• Swiss Native Ran $8M International Stock Fraud, SEC Says
• Julie Chrisley Appeals Ga. Judge's Resentencing Ruling
• Judge Doubts FTX Alum Needs Further Dog Bite Recovery
• BofA Must Face Iranian Bias Claims At 9th Circ.
• Nigerian Airline CEO Charged With Obstructing Fraud Probe
• Can SEC's Consolidated Audit Trail Survive Post-Chevron?
• 2 Finance Partners Added To Hunton's London Office
• What's Inside Feds' Latest Bank Merger Review Proposals
• UK Litigation Roundup: Here's What You Missed In London
• Bank Info Fair Game In Crypto Exec's Appeal, Gov't Says
• 5 Mos. Jail Enough For Swiss Tax Expert In $60M IRS Scam
• State Of The States' AI Legal Ethics Landscape
• 4 Key Details From TD's Historic $3.1B Money Laundering Deal
• Citadel Credit Union Reaches $6.5M Redlining Deal With DOJ
• Ejudicate Ran 'Bogus' Student Loan Arbitrations, CFPB Says
• TD Bank Deal A $3B Lesson In Compliance, DOJ Official Says
• Ex-Latham Atty Must Turn Over SEC Whistleblower Docs
• Neb. Tribe Fights Feds' Bid To Dismiss Debt Collection Suit
• How BIS' Rule Seeks To Encourage More Voluntary Disclosure
• Suits Over JPMorgan Cash Sweeps Program Merged In NY
• Ex-Citibank VP Says Bank Fired Her For Taking Parental Leave
• Proskauer Adds Akin Knowledge Management Ace In NY
• Bradley Adds Ex-AUSA As Finance, Gov't Enforcement Partner
• Calif. Says FDIC Must Wait For $21M Tax Refund
• Investor Connected To Texas AG Seeks To Ax Fraud Case
• Florida Banking Brief: All The Notable Legal Updates In Q3
• TD Bank To Pay $3.1B, Face Asset Cap Over AML Failures
• Quinn Emanuel Adds Of Counsel Atty, 6 Associates In Miami
• 8 Childhood Lessons That Can Help You Be A Better Attorney
• Top Bank Lobbyist Touts Basel Endgame, CFPB Court Wins
• Team Of 3 Firms Seeks To Lead UBS Cash Sweep Case
• 5th Circ. Denies Extension For CFPB In Exam Policy Case
• Hedge Fund Agrees To Drop Spoofing Claims Against TD Bank
• Gensler Mum On Future As AI, Crypto Rules Await Action
• Settlement Approved For DACA Loan Discrimination Suit
• Navigating Complex Regulatory Terrain Amid State AG Races
• Challenge To Ill. Card Fee Law Explores Compliance Hurdles
• Payment Processor Accuses Pot Biz Of Ending Contract Early
• SEC Equity Trading Reforms Spark DC Circ. Challenge
• Duane Morris Adds Corporate, Banking Partner In New York
• Disbarred Atty Admits To Defrauding Investors, DOJ Says
• Feds Seek 16 Months For Ex-BigLaw Partner's Tax Dodging
• This Election, We Need To Talk About Court Process
• Texas Looks To Sink Suit Challenging Anti-ESG Law
• PetroSaudi Says US Not Entitled To All Of $380M Award
• 5th Circ. Urged To Seal Industry Win Over CFPB Exam Policy
• TMX Unit Can't Sue In Texas To Void $52M Pa. Fine, Court Told
• SEC Texting Sweep: Message Received, Guidance Needed
• Jackson, Kagan Target Loper Bright In Ghost Gun Case
• Fed. Circ. Restores Debit Card Patent Suit Against Aetna
• Willkie Adds Faegre ERISA Litigation Co-Head With Duo Hire
• Playing Diplomacy Makes Us Better Lawyers
• 9th Circ. Eyes 'Justiciability' Of Ex-Rabobank Exec's OCC Row
• Judge Presses AmEx On Arbitration Push For Merchants
• Ex-Las Vegas Politician Convicted For Statue Funding Fraud
• Illinois Defends Swipe Fee Law As Banks Seek To Block It
• CFPB Suit Can Proceed Against Events Co., Texas Judge Says
• Justices Won't Hear Commerzbank RMBS Fight With US Bank
• Title Co. Denied Early Win In $13M Hotel Investment Fight
• Nationstar Mortgage Fails To Dodge Proposed Fee Suit Action
• Manafort Associate's Bribery Case Won't Get Top Court Look
• Proposed Mortgage Assistance Rule: Tips For Servicers
• Winston & Strawn Adds Digital Assets Pro From K&L Gates
• Justices Pass On Borrower's Debt Canceling Case
• Top 5 Supreme Court Cases To Watch This Fall
• Evolve Bank Faces MDL Over Breach Of 7.6M Customers' Data
• SEC Should Take Over Market Database, Investor Group Says
• High Court Agrees To Hear Hamas Banking Case
• Credit Suisse Investors Joust Over Bids To Be Class Leader
• 11th Circ. Sends Tribal Loan Dispute Back For Arbitration
• Coinbase To Limit Stablecoins That Don't Meet New EU Rules
• Chinese Courier, GOP-Focused Bank Ink IPOs Totaling $107M
• SPAC Scraps $238M Merger Plan With Debt Servicer
• Antitrust In Retail: Why FTC Is Studying 'Surveillance Pricing'
• Mental Health First Aid: A Brief Primer For Attorneys
• Justices Accept Ex-Chicago Alderman's False Statement Case
• UK Litigation Roundup: Here's What You Missed In London
• Calif. Banking Brief: All The Notable Legal Updates In Q3
• Swizz Beatz Received Millions From 1MDB Scheme, Suit Says
• Biden Admin's Latest Debt Relief Plan Blocked In Missouri
• Fifth Third Bank Solar Panel Loan MDL Centralized In Minn.
• 3rd Circ. Backs Added Payout For Late Royal Bank CEO
• GOP Senators Slam NY Fed Over Iraq Money-Laundering Report
• Citibank Blunders May Warrant Breakup, Warren Tells OCC
• Ex-Hedge Fund Star Won't Get Additional $14.4M
• 12 Lawyers Who Are The Future Of The Supreme Court Bar
• Swiss Man Should Fight Sanctions Case In DC, Judge Says
• OCC Backs Bid To Block 'Unworkable' Ill. Swipe Fee Law
• Conn. Justices OK Bar Input On Banking Probe Into Lawyers
• Hecla Avoids Investor Suit Over $462M Gold Mine Buy
• Sham Law Firm Employee Gets 5 Years For Foreclosure Fraud
• Calif. Can't Delay Bank's $20.7M Tax Refund, FDIC Tells Court
• CVS Pushed To Unwind Aetna Megadeal, And Other Rumors
• Ex-Credit Union Controller Gets 60 Months For $1.2M Scam
• What 2 Key Rulings Mean For Solicitation Under TCPA
• King & Spalding RE Pro Rejoins Barnes & Thornburg In Dallas
• Loan Servicer Settles With Mass. AG Over 'Zombie' Mortgages
• NY Banking Brief: All The Notable Legal Updates In Q3
• Collecting Art Makes Me A Better Lawyer
• Colony Ridge Seeks Quick Appeal In 'Reverse Redlining' Suit
• Former C-Quest Capital CEO Indicted For Carbon Credit Fraud
• Credit Repair Co. Owes $50M In CFPB, Mass. AG Case
• Convicted Judge Owes Feds Retirement Funds, 7th Circ. Says
• CFPB's $5M Student Loan Deal Gets OK Over PIMCO Objections
• 2nd Circ. Prods NY Appeals Court To Weigh Foreclosure Law
• NY Man Posed As Exec To Steal $810K Tax Refund, Feds Say
• Panel Revives Fraud Suit On Merchant Cash Advance Cos.
• A Look At Recent Case Law On Expedited Judgment In NY
• A Day In The In-House Life: Best Egg CLO Talks Power Of Prep
• Wells Fargo, AAA Misrepresent Arbitration Process, Suit Says
• Crypto Fund Manager Bitwise Files Plans For XRP-Tied Fund
• Wells Fargo Says Atty Can't Blame It For Getting Scammed
• 4th Circ. Says Murdaugh Can't Appeal Fraud Sentence
• Secret Service Failures Offer Lessons For Private Sector GCs
• SEC's Top Cop Departing After Record-Breaking Tenure
• Conn. Receiver Gains Access To Apt. Co-Op's BofA Accounts
• Fried Frank's M&A Co-Head Views Rate Cuts, AI With Caution
• CFPB Warns On Collecting 'Invalid,' Unverified Medical Debt
• Merrill Lynch To Pay $2M FINRA Fine Over Trade Report Flaws
• CFTC Fines Barclays, 3 Others Over Swap Rule Violations
• Rocket Cos. Investors Lose Cert Bid In Post-Goldman Ruling
• Chancery Tosses Class Suit Over TransUnion CFPB Violations
• Amex Sued By Merchants Over 'Anti-Steering' Rule
• CFPB, NY Pan Subprime Auto Lender's 'Attempt To Distract'
• Verdict Stands In Fifth Third Bank Cash Advance Suit
• Managing Sanctions Defense Across Multiple Jurisdictions
• Colorado Banking Brief: All The Notable Legal Updates In Q3
• Willis Towers Watson Inks $632M Sale Of Tranzact To PE Firms
• Big Banks Urge Panel To Toss NJ Bond Marketing Claims
• Litigation Inspiration: Honoring Your Learned Profession
• Estate Exaggerating Value Of Exec's Tax Tipoff, DC Circ. Told