Banking Archive » January, 2025

Banking - January, 2025

338 articles

• $577M In Virus Fraud Cases At Risk Unless Congress Acts: IG
• FDIC Fines Fintech Bank Over Fee, Disclosure Issues
• Small Biz Attys Jump Into 4th Circ. Shell Co. Law Challenge
• January's IPO Market Was Active Despite Tepid Debuts
• Bank Wants Investment Co.'s $60M RICO Suit Tossed
• Visa, Mastercard And Banks Oppose Swipe Fee Do-Over Bid
• Supreme Court Eyes Its 'Next Frontier' In FCC Delegation Case
• Former Fed Adviser Charged With Spying For China
• Litigation Funding Disclosure Debate: Strategy Considerations
• Law360 Seeks Members For Its 2025 Editorial Boards
• Trump Funding Freeze Blocked As Court Doubts Reversal
• 2025 May Be A Breakout Year For The Cannabis Industry
• Seasoned Patterson Belknap Trial Team Joins Linklaters In NY
• Mass. Law Shows Patchwork Money Transfer Rules Persist
• Top Considerations For Insurance Companies In 2025
• Wise Reaches $2.5M CFPB Deal Over Disclosure, Fee Issues
• R. Allen Stanford's $6.8B SEC Bill In Ponzi Suit Finalized
• PNC Units Face Investor Suit Over 'Cash Sweep' Program
• Ex-Rabobank Exec Asks Justices To Hear 9th Circ. OCC Fight
• Card Co. Netspend Inks $1.1M NY AG Deal Over Fees, Freezes
• Investors Push To Consolidate Suits On Cash Sweep Programs
• Chancery Tosses Last Of Deutsche Bank, Vik Debt Suit
• SEC Eyes Pretrial Win On $57M Fraud After Lindberg Plea Deal
• Scope And Nature Of Judicial Relief Will Affect Loper's Impact
• The Implications Of E-Cigarette Cos. Taking Suits To 5th Circ.
• Del. Dispatch: Lessons From Failed Albertsons-Kroger Merger
• Adventure Photography Makes Me A Better Lawyer
• NC Biz Court Bulletin: Sanctions Miss, Philip Morris Refund
• Orrick Adds Head Of Antitrust Litigation From Weil
• How Cos. Can Respond To CFPB Digital Asset Safeguard Plan
• 'DO NOT RESPOND': CFPB Union Calls Buyout Email A Trap
• Binary Options Fraudsters Must Pay $451.6M To CFTC
• Dentons Taps SEC Enforcement Vet From Morrison Cohen
• 5th Circ. Rejects Outside Bid To Defend CFPB Small-Biz Rule
• Pension Plans Seek Trader's Testimony In $2B Tax Fraud Suit
• 4 Questions About Trump's Federal Worker Resignation Policy
• How Ch. 11 Can Alleviate Merchant Cash Advance Concerns
• Future Of Crypto-Asset Classification Is In 2nd Circ.'s Hands
• 5 Ways To Create Effective Mock Assignments For Associates
• CFPB Cheers On State Bids To Restrict Medical Debt Reporting
• White House Rescinds Trump's Spending Freeze
• Sen. Warren Has 'Serious Concern' Over Lutnick's Tether Ties
• Staples Settles Out Of Visa, Mastercard Swipe Fee Battle
• CFPB, Bank Orgs Rebuff Intervention Bid In Data Rule Fight
• Black Homebuyers Seek OK For Predatory Lending Settlement
• Wells Fargo Exits 2022 Order But Isn't Out Of CFPB Woods Yet
• DC Judge Doubts Lawfulness Of USCIS EB-5 Guidance
• SEC Wells Meetings Likely Back On The Table, Official Says
• Assessing Gary Gensler's Legacy At The SEC
• Pa. Bank Regulator Claims Co. Hid Affiliation, Misused Privilege
• Takeaways From DOJ Fraud Section's 2024 Year In Review
• Judge Temporarily Halts Trump's Funding Freeze
• Connecticut Bank Customer Drops Overdraft Class Claims
• Holland & Knight Adds Financial Services Partner In New York
• A Defendant's Guide To 4 Common CFPB Discovery Tactics
• 5th Circ. Wipes Out FTC Rule Targeting Auto Industry Scams
• CFPB's Chopra Sees Room For Rules To Stem Debanking
• Crypto Exchange KuCoin Pleads Out, Agrees To Pay $297M
• CFPB Says Acima Can't Use 'Lease' Label To Exit Suit
• Advertising Platform's Changes Hurt Investors, Suit Says
• 4th Circ. Says Servicemembers Law Doesn't Bar Arbitration
• Civil Liberties Org. Says FDIC's Court 'Eviscerates' Civil Rights
• HSBC Bankers Fall Short Of Pay Class Cert., Judge Suggests
• Perella Weinberg Had $47M Motive To Ax Partners, Judge Told
• Judge Refuses To Stop Amazon Data Suit In Ill. State Court
• Yen Libor-Rigging Case Lands Before 2nd Circ. Again
• Archegos CFO Gets 8 Years For $100M Stock Fraud Ploy
• Senate Confirms Bessent As Treasury Secretary
• Deutsche Bank Can't Add Norway Rulings To Asset Sale Fight
• The 7th Circ.'s Top 10 Civil Opinions Of 2024
• Banking Group Of The Year: Williams & Connolly
• Kansas Bank's Suit Could Upend FDIC Enforcement Authority
• Ex-Treasury GC, Former Biden Aide Rejoins Davis Polk In DC
• Justices Decline $400M Argentina Bond Default Case
• Companies Risk White House Wrath By Keeping DEI Programs
• CFPB, NY's Updated Claims Against MoneyGram Move Ahead
• FDIC Wins Discovery Bid In SVB Fraud Coverage Row
• Education Department Asks For Pause In Student Loan Case
• EEOC Disability Bias Suit Tossed Following Nixed Evidence
• Feds Want Ohtani's Ex-Interpreter To Get 5 Yrs For $17M Theft
• Wells Fargo Gets Another Win In Lifetrade Investor Suit
• Ex-Staffing Co. Execs Get Prison After Copping To $75M Fraud
• Capital One Named In Action Over Early-Year Service Outage
• Chopra Says Banks May Not Get CFPB 'Lapdog' Under Trump
• Coding Boot Camp Seeks Coverage For Tuition Financing Row
• 10th Circ. Unsure Exec's Missed Argument Dooms Firing Suit
• Class Actions At The Circuit Courts: Nov. And Dec. Lessons
• 10 AGs Target Major Banks Over DEI, ESG Initiatives
• Banking Group Of The Year: Mayer Brown
• GSA Taps Ex-BlackRock Atty As New GC
• UK Litigation Roundup: Here's What You Missed In London
• Mentorship Resolutions For The New Year
• 'Secret Plot' Drove Perella Weinberg Split, Judge Hears
• Insights For Finance Firms, Regulators From House AI Report
• Fifth Third, United Accused Of Using Prepaid Cards For Wages
• FBI 'Bait And Switch' Breached Suspect's Rights, Lawyer Says
• Venture-Backed IPO Recovery Could Be Muted, Report Says
• 2 Firms Guide Monte Dei Paschi's €13.3B Mediobanca Bid
• Dems Cite 'Unprecedented Concerns' With Trump Memecoins
• NY Regulator Steps Up Overdraft Fee Fight In CFPB's Wake
• Wells Fargo Workers Score Class Cert. In Stock Option Suit
• Trump Undoes Biden's AI Safeguards With Executive Order
• Fla. Court Urged To OK $2.75M For Moving Co. Fraud Victims
• Trump Forms Crypto Working Group To Create Fed. Framework
• Shift4 Gets Accounting Practices Investor Suit Axed For Good
• Judge Inclined To OK Visa, Mastercard $197.5M ATM Fee Deal
• 4th Circ. Unwinds Rocket Mortgage Borrowers' Class Cert.
• AI Chatbot Co. CEO, Atty Spouse Indicted On $60M Fraud
• SEC Rescinds Controversial Crypto Accounting Guidance
• Wells Fargo Prevails In $25M Mortgage Default Dispute
• Chinese Ride Co. Ordered To Produce Regulator Testimonies
• PayPal To Pay $2M To NY Regulator In Cybersecurity Deal
• Federal Agencies Must Order Full Return To Office By Friday
• Corporate Transparency Law Remains Flanked By Threats
• BNY Financial Crimes Lead Joins Fox Rothschild In Pittsburgh
• Conflict Limits 1 Lawyer On Javice Team As Trial Date Slips
• Banking Group Of The Year: Sullivan & Cromwell
• Spotless Brands' Sale Could Make Splash, And More Rumors
• California's New Homeowner Law Could Hamper Foreclosures
• Coaching Little League Makes Me A Better Lawyer
• Securities Class Actions To Watch In 2025
• NYAG Reaches $1B Deal In Merchant Cash Advance Case
• Securities Defense Bar Notched More Dismissals In '24
• BNY, Mortgage Co. Sued Over Post-Bankruptcy Collections
• Dubai-Based Exchange Fined $9.2M To End Bank Fraud Probe
• How Fintechs Can Respond To New CFPB Supervisory Rule
• 5 Litigation Funding Trends To Note In 2025
• Husch Blackwell Adds To Growing Consumer Financial Bench
• JPMorgan Accused Of Misusing Forfeited 401(k) Funds
• Banking Group Of The Year: Paul Weiss
• Predicting Where State AGs Will Direct Their Attention In 2025
• Lender Files Ch. 7 For Pa.-Based ATM Network Owner
• White House Shutters DEI Offices, Puts Workers On Leave
• Dentons Adds International Arbitration Pro As Partner In NYC
• 10th Circ. Looks For Limits In Custodia's Master Account Suit
• Citi Can't Escape NYAG's Wire Fraud Protection Suit
• BofA Sued Over Credit Card Rewards 'Bait And Switch'
• Block Hit With Shareholder Suit Over Cash App AML Protocols
• KeyBank Fights Adviser's $1.1M Defamation Win In 2nd Circ.
• Trump Names Interim Top Prosecutors In Manhattan, Brooklyn
• Payment Co. Says Okla. Tribe Lacks Jurisdiction In Fraud Suit
• DOJ Fights Visa's Bid To Duck Monopoly Case
• The Blueprint For A National Bitcoin Reserve
• New SEC Task Force Eyes 'Sensible' Crypto Regulations
• Banking Group Of The Year: Cahill Gordon
• Trump Orders Federal Workers Back To Office
• Law360 Names Practice Groups Of The Year
• Law360 Names Firms Of The Year
• Trump, Musk Sued By Nonprofits Over DOGE Transparency
• FDIC Missed Some Crypto 'Pause' Letters, Coinbase Ally Says
• CFPB Inks $1.5M Redlining Deal As Biden Era Ends
• Par Funding's Fraud Caused $288M In Losses, Pa. Judge Says
• CFPB, Student Loan Co. Ink $2.25M Deal Over Debt Practices
• Crypto Coder Sues Feds To Block 'Money Transmitter' Label
• Michigan Justices Won't Answer Securities Test Issue
• High Court To Weigh Repeat Federal Prisoner Appeals
• Honda Credit Arm To Pay $12.8M Over Reporting Failures
• CFPB Fines Equifax $15M Over Consumer Dispute Issues
• Wells Fargo, BofA Units Pay SEC $60M Over Cash Sweeps
• Student Loan Entities In Hot Seat After CFPB Goes To College
• Ex-Mozambique Finance Head Gets 8½ Years In $2B Bond Rap
• Rethinking Litigation Risk And What It Really Means To Win
• Takeaways From SEC's Registered Investment Cos. Risk Alert
• FDIC Sues Ex-SVB Top Brass For 'Egregious Mismanagement'
• Banking Brief: State Law Recaps From Each Quarter Of 2024
• UK Litigation Roundup: Here's What You Missed In London
• Tech Groups Sue To Topple CFPB Payment Oversight Rule
• FDIC Case Belongs In Fed. Court After Jarkesy, 5th Circ. Told
• PE Exec Nominated To Lead Fannie, Freddie Regulator
• How DOGE's Bite Can Live Up To Its Bark
• Leon Black Rape Case Halted As Wigdor Faces Sanctions Bid
• Small Biz Caught In Corporate Transparency Act Crossfire
• Yodlee Cannot Escape Consumers' Privacy Invasion Claims
• Mass. Bookkeeper Gets 2 Years For Embezzlement
• AmEx Inks $230M Deal Over DOJ, Fed Small Biz Sales Claims
• NC Biz Court Bulletin: Judge Bids Adieu, TikTok Wants Out
• 5 Notable Information Security Events In 2024
• Ex-Law Student Asks 11th Circ. To Revive Suit Against Judge
• Paxton-Tied Developer Pleads Guilty In Bank Fraud Case
• Texas Banking Brief
• Playing Rugby Makes Me A Better Lawyer
• CFPB Says Block Must Pay Up To $175M Over Cash App
• Wells Fargo Unit Sued Over Ex-Rep's EB-5 Investment Scheme
• CFPB Serves Up Consumer Protection Roadmap For States
• Silvergate's Ex-CFO Fires Back At SEC Accounting Claims
• Block Pays Regulators $80M Over Cash App AML Compliance
• Legislators Say Transparency Act Defies First Amendment
• Fla. Credit Union Sued Over DACA Loan Denial
• Broker, Traders Charged With $1M Insider Trading Scheme
• What Broker-Dealers Must Know Before Selling Bitcoin ETPs
• Texas Banking Brief: All The Notable Legal Updates In Q4
• Cyber Disclosure Is A Mainstay In 2025 SEC Exam Priorities
• Booz Allen Must Pay For Harm Of Tax Info Leaks, Court Told
• SEC Announces Departure Of Top Economist And Accountant
• No, Litigation Funders Are Not 'Fleeing' The District Of Del.
• Banks Must Face Pension Funds' Mexican Bond-Rigging Suit
• BitMEX Fined $100M For 5 Years Of Flouting US Banking Law
• Mass. Atty Charged In $2.5M Embezzlement Schemes
• Wells Fargo Fights To Drop Officers From Investors' Bias Suit
• OCC Fines Ex-Wells Fargo Execs $18.5M For Sales Practices
• BofA Says Military Interest Law, Not Bank, To Blame In Suit
• Mastercard Agrees To $26M Deal In Hiring Bias Suit
• Crypto Co.'s Lax Compliance Enabled Hackers, Suit Says
• Influencer Says Capital One Steals Link Commissions
• Frank Exec Wants Fraudster Comparisons Blocked At Trial
• SEC Sues Elon Musk Over Late Twitter Buy-Up Disclosure
• Calif. Banking Brief: All The Notable Legal Updates In Q4
• Equifax To Pay $725K For Inaccurate Credit Score Reporting
• 5 E-Discovery Predictions For 2025 And Beyond
• Justices Suggest 7th Circ. Revisit False Statement Decision
• Steptoe Hires A&O Shearman Political Law Leader In DC
• What's Ahead As Transparency Act Comes To A Crossroads
• Apollo, Standard Chartered Form $3B Strategic Partnership
• CFPB Says Capital One Stiffed Savings Customers Out Of $2B
• CFPB Eyes Rule To Rein In 'Forced' Financial Contract Terms
• Quinn Emanuel Scoops Up SDNY Securities Fraud Chief
• 4th Circ. Backs Arbitration In BoFA's PPP Loan Suits
• Feds Say Par Funding Fraud Caused $404M In Losses
• NYDFS Launches Staff Exchange With Bank Of England
• Texas Judge Urged To Halt CFPB Medical Debt Reporting Rule
• Fintech Partner Banks Face Suit Over Synapse Financial Collapse
• Shift4 To Pay SEC $750K For Undisclosed Family Payments
• Justices Seek SG Input On Private Investor Fight
• AGs, Lobbyists Ask Justices To Keep Shell Co. Law Blocked
• Sen. Warren To Grill Treasury Pick On Trump's Tax Agenda
• Preparing For Mexican Drug Cartels' Terrorist Designation
• UBS Ruling Shows SDNY's Pro-Award Confirmation Stance
• SEC To Collect $63M In Latest Recordkeeping Sweep
• Where Payments Law And Regulation Are Headed In 2025
• Tax-Lien Biz Atty Accused Of Duping Bank Can't Touch Money
• DOJ Litigator Who Tried Google Antitrust Case Joins Weil
• How Decline Of Deference Will Affect Trump Policymaking
• BMO Unit To Pay SEC $40M Over Bond Desk Supervision
• Ohio Banking Brief: All The Notable Legal Updates In Q4
• Up Next At High Court: Porn ID Check & Retiree Discrimination
• FDIC's Hill Calls For 'New Direction' In Preview Of Agenda
• Fla. Bank Sues Cargill Over $18M In Fraudulent Transfers
• CFPB Floats Protections For Crypto, Video Game Payments
• Justices To Review Block On Expanded Student Loan Benefits
• Ga. Law Firm Latest To Fight Corporate Transparency Act
• 7th Circ. Halts FDIC Enforcement Order Against Ex-Bank Chair
• National Trust Bank Charter Can Widen Reach Of Fintech Cos.
• 6 Predictions For Cyber Risk And Insurance In 2025
• UK Litigation Roundup: Here's What You Missed In London
• Illinois Banking Brief: All The Notable Legal Updates In Q4
• Feds Say Rocket Mortgage Can't Avoid Race Bias Suit
• 7 Ways 2nd Trump Administration May Affect Partner Hiring
• CFPB Bars Ex-Agency Attys From Revived Innovation Policies
• CFPB Hit With 2nd Suit Over Medical Debt Reporting Rule
• Law Firm Cleared, Murdaugh Pal Liable In Insurance Trial
• FINRA Fines Fidelity Unit $600K Over Ex-Employee's Theft
• Cancer Org Fails To Get Rival's TM Counterclaims Tossed
• CFPB Taps First Open Banking Industry Standards Setter
• How Trump 2.0 May Change Business In Latin America
• E-Discovery Quarterly: Rulings On Custodian Selection
• Impact Of Successful Challenges To SEC's Rulemaking Ability
• Gordon Rees Adds Former Fintech GC In NY, Miami
• Horizon Bank Flag On Large Check Not Biased, 6th Circ. Says
• Judge Nixes Bid To Depose SEC Counsel In $73M Fraud Case
• Chamber, Bank Groups Press For Halt To CFPB Overdraft Rule
• Ropes & Gray-Led Vistria Wraps Largest-Ever Fund At $3B
• Moore & Van Allen Nabs Baker McKenzie Finance Pro
• CFPB Plots Personal Lender Oversight, Funds Access Rules
• Fed. Circ. Grills USAA On Bid To Revive Patent In $218M Case
• Whistleblower Attys Get $8.7M In Academy Mortgage FCA Suit
• Mortgage Firm Reaches $1.8M Redlining Settlement With Feds
• Convicted Ex-Nomura Trader To Settle SEC's RMBS Action
• NY Fed Beats Puerto Rico Bank's Suit Over Master Account
• JPMorgan Gets Early Win In Ex-Worker's Benefits Freeze Suit
• Pension Plan Official's Estate Excused From Danish Tax Suit
• CFPB Hit With Industry Suit Over Medical Debt Reporting Rule
• Criminal Case Against Terraform Founder Said To Exceed SEC's
• BOK Financial Didn't Pay For Missed Breaks, Court Told
• NY Banking Brief: All The Notable Legal Updates In Q4
• Mortgage Cos. Fined $20M Over Cybersecurity Breach
• Exercising On My Peloton Bike Makes Me A Better Lawyer
• JPMorgan Ditches Climate Coalition Ahead Of Trump 2.0
• 2nd Circ. Denies BDO Second Shot At AmTrust Appeal
• Mortgage Servicer Makes Borrowers To 'Pay-To-Pay,' Suit Says
• CFPB Senior Litigator Who Defended Key Rules Is Departing
• How To Manage During A Trade Dispute With USMCA Partners
• In The CFPB Playbook: A Sprint To The Finish Line
• Law Firm Sought To Collect Expired Debts, 3rd Circ. Told
• Ex-Ozy Media Exec Who Testified Against Founder Avoids Jail
• Here's How Paul Hastings' Big Bet On Finance Paid Off
• CFPB Accuses Experian Of 'Sham' Dispute Investigations
• CFPB Adopts Rule To Take Medical Debt Off Credit Reports
• Broadridge 'Mommy Tracked' Pregnant Manager, Says Suit
• Trucking Financial Co. Says Ex-Worker Broke Noncompete
• Medical Debt Suit Against Credit Bureaus Tossed, For Now
• Tether, Bitfinex Tap New GC After Longtime Lawyer Retires
• Law School Grad Gets 2 Years For JPMorgan Insider Trading
• Terraform Victims May Exceed 1M, Feds Say In Notice Request
• Predicting What's Next For SEC By Looking At Past Dissents
• Exploring Venue Strategy For Trump-Era Regulatory Litigation
• What 2024's Noncompete Turmoil Means For Banks In 2025
• CFPB Sues Berkshire-Owned Lender Over 'Risky' Home Loans
• Fed's Barr To Step Down As Supervision Head Next Month
• Dallas Fed Hit With Discrimination Suit From Ex-Employee
• CashCall Still On Hook For $134M To CFPB, 9th Circ. Rules
• CFPB Flags Concerns About Workplace Collections Calls
• Justices Urged To Review Late-Found Fraud, Int'l IP Damages
• FDIC 'Pause' Letters Focused On Banks' Crypto Activity
• Student Loan Servicer Gets CFPB Deal Paused Amid Appeal
• Outcome Execs Say Ill. Judge Should End Restitution Process
• PayPal's Minority Program Biased Against Asians, Suit Says
• Victims Say Crypto Isn't Money, Safeco Must Cover Hack
• Bank's Refund Doesn't End Proposed Class Action Over Fees
• New Year, New Risks: 8 Top Cyber Issues For Finance In 2025
• UK Litigation Roundup: Here's What You Missed In London
• Murdaugh Hit With $15M Tab In Insurance Case Set For Trial
• Ex-Bank Chair Asks 7th Circ. To Halt FDIC Enforcement Order
• 9th Circ. Partly Revives Casino ATM Contract Dispute, Again
• Barclays To Pay $1M Fine Over Net Capital Rules Violations
• DOJ Joins FTC Suit Against Fintech Lender Dave
• Citi Unit Fined Over Analysts Who Didn't Take FINRA Exam
• Playing Esports Makes Me A Better Lawyer
• Republicans Want Yellen To Answer For Chinese Cyberattack
• The 6 Most Significant FCRA Litigation Developments Of 2024
• Feds Ask High Court To Unpause Corporate Transparency Law
• Real Estate Investor Gets 2 Years For Mortgage Fraud Scheme
• Crypto Scam Victim Says Fraudsters' Banks Ignore Red Flags
• UBS To Pay $1.1M FINRA Fine Over Trade Confirmation Flubs
• Terraform Founder Arraigned In NY, Denies $40B Crypto Fraud
• An Associate's Guide To Career Development In 2025
• The Securities Litigation Trends That Will Matter Most In 2025
• How Wall Street Regulators May Adapt To Trump's Return
• Predicting The Lasting Changes CFPB May Face In 2025
• Bankruptcy Issues To Watch In 2025
• What Banking Attorneys Are Watching In The Courts In 2025
• On Tap In NY: Diddy, Trump And A New Manhattan Top Cop
• Crypto Heads Into 2025 Hoping Regulatory Clouds Will Clear
• 5 Banking Regulation Issues To Watch In 2025
• Trump 2.0 Signals Shift Toward Capital Markets Deregulation
• Patent Cases To Watch In 2025
• Top Federal Tax Cases To Watch In 2025
• Trials To Watch In 2025
• Trump's Regulatory Agenda Looms Over Compliance In 2025