Banking Archive » August, 2020

Banking - August, 2020

303 articles

• Prisoner Debit Card Firm Seeks Quick Win Against Activist
• Ex-Venezuela Official Pleads Not Guilty In $1.2B Oil Co. Fraud
• Wells Fargo Cites Arbitration Deals In Bids To Exit PPP Suits
• Top Whistleblower Bounties At Stake As SEC Preps Rule Vote
• CFTC Reinstates Swap Exchange Embroiled In Big Bank Suit
• Bernstein Litowitz, Cohen Milstein Tag Team Wells Fargo Suit
• Cboe Asks 7th Circ. Not To Revive VIX Manipulation Claims
• How Law Firms Can Hire And Retain More Black Attorneys
• BigLaw Cannot Reap Diversity Rewards Without Inclusion
• How COVID-19 May Forever Alter Work Life For Disabled Attys
• Advancing Racial Justice In The Legal Industry And Beyond
• These Law Firms Have The Most Diverse Equity Partnerships
• Ideas For Closing BigLaw's Diversity Gap
• In Their Own Words: Being Black In BigLaw
• Diversity Snapshot: As Told By Black Law Firm Leaders
• BigLaw Needs More Underrepresented Attorneys As Leaders
• Trump Tells 2nd Circ. Deck Stacked Against Him In Tax Row
• NH Woman Doesn't Owe FBAR Fraud Penalties, Court Rules
• UK Seeks Input On Altering Rule That Eases Banks' VAT Costs
• Funds Travel Rule Compliance Obstacles Facing Crypto Firms
• Banks Liable For Role In $75M Ponzi Scheme, Investors Insist
• Womble Bond Dickinson Adds 2 Real Estate Finance Attys
• What Presidential Election Means For Securities Regulation
• Employer Best Practices For Monitoring Remote Devices
• One Year In, Mansfield Rule Is Boosting In-House Diversity
• Law360 Diversity Snapshot: How Does Your Firm Measure Up?
• Law360's Diversity Snapshot: What You Need To Know
• Why 2020 Could Be A Pivotal Year For Diversity At Firms
• Diversity Work Doesn't Have To Be Reserved For Partners
• CFPB, States Settle With 4 In Student Loan Debt-Relief Case
• Sanctuary Belize Execs Face $120M Judgment In Scam Suit
• PPP Data Shows 'Stark' Cost Of NPE Litigation On Small Cos.
• UK-Nigerian Citizen Extradited To NY Over Bank Fraud Scams
• Robinhood Hires 2 For Compliance Team Amid Outage Suit
• Scotiabank Feels The Wrath Of A Regulator Scorned
• Ex-Analyst Slaps SMBC With Age Bias Suit
• Global Group Hints At More Sanctions To Stifle ISIS Financing
• Banks Get Benchmark-Rigging Claims Dismissed As 'Foreign'
• Locke Lord Helps With $110M JPMorgan Brooklyn Loan
• New Wall Street-Backed Exchange Pushes Launch To Sept. 21
• Litigation Funder Wants NFL Players Atty Sanctioned
• 4 Ways To Prepare For SEC Or CFTC Penalty Negotiations
• How CFPB Should Support Consumer Data Rights
• Lone Star Laterals: Munsch Hardt, King & Spalding
• UK Litigation Roundup: Here's What You Missed In London
• CFPB Won't Nix Doc Demand For Credit Repair Software Co.
• Chancery Ruling Limits National Collegiate Founder Clout
• Feds Want To Seize 280 North Korea-Linked Crypto Accounts
• FBAR Penalty Bumped To $15.7M After IRS Miscalculation
• Mother-Son Duo Cheated Homeowners Out Of $5M, Feds Say
• 2nd Circ. Urged To Deny Stay In Trump Tax Subpoena Suit
• Coronavirus Litigation: The Week In Review
• Judge Charged With Stymieing Bank Probe Set For 2021 Trial
• Ellenoff Grossman Steers Cantor-Backed SPAC's $500M Debut
• Borrowers Say Wells Fargo Misused Virus Forbearance Policy
• 4 Opportunities For Mediators To Settle Big-Dollar Cases
• Raydon, Lubbock Ink $2.4M Deal In ESOP Transaction Dispute
• Goldman Must Turn Over Info On €13B Arcelor-Mittal Merger
• 4th Circ. Denies Jailed Ex-Taylor Bean Exec's Habeas Bid
• Oakland Can Keep Wells Fargo Loan Bias Suit, 9th Circ. Says
• Developer Pleads Guilty In $123M First NBC Bank Fraud
• Investor Must Pay $35M, Global Blue Says On Merger's Eve
• Feds Finalize Bank Reg Changes From Pandemic's Early Days
• Libra Replaces Departing GC With Former DHS Legal Head
• SEC Rule Boosting 'Human Capital' Disclosure Draws Dissent
• 2 Firms Drive Deal Forming Major Minority-Focused US Lender
• Goodwin Ducks Sanctions Bid Over Witness Gamesmanship
• Divided SEC Lets More Investors In On Private Offerings
• Time To Streamline E-Sign Act's Consumer Consent Process
• House Dems Ask For Debrief On Terror-Funding Crypto Bust
• Ocwen, PHH Ink $12.6M Deal To End Mortgage Fees Suit
• Fintech Co. Yodlee Accused Of Privacy Violations
• Remote Proceedings Bring New Wrinkles For Court Records
• NY Judge Confirms Investment Co.'s $24.5M Arbitration Award
• Texas Trade Secret Case Spotlights Our Judicial Safeguards
• Ledgewood Guides $750M IPO For Fintech-Focused SPAC
• Oil Giant Can't Pull NCA Into Clyde & Co. Asset Dispute
• House Panels Narrow Trump Financial Doc Subpoenas
• Attys Say They Aren't Liable For Process Server Actions
• Navient Investors Get Class Cert. In Stock Inflation Suit
• CFPB Says It's 'On Track' With Small-Biz Loan Data Rule Plans
• Judge Won't Nix Discovery Order In Lithuania Bank Fight
• BofA Says Too Few Bond Holders Dooms Class Bid
• CFPB Sues For Documents From Credit Repair Telemarketer
• 3rd Circ. Will Rehear Damages Bid Over Bad-Faith Bankruptcy
• DFS Case Shows Insurance Ramifications Of Cyber Breaches
• Derivatives Firms' Preservation Obligations During COVID-19
• Ant Group Files For Potential Blockbuster IPO In HK & China
• Cross-Selling Strategies For Law Firms During Pandemic
• Wells Fargo To Pay $7.8M To Settle Racial Bias Claims
• FCPA Enforcement, Compliance Trends During The Pandemic
• Goldman Puts Class Cert. Challenge To The Supreme Court
• Coronavirus Q&A: Benesch Real Estate Leader
• Belgium Investigating Credit Suisse For Aiding Tax Evasion
• Danske Bank, Ex-Execs Ditch Suit Over Estonia Scandal
• JPMorgan Workers' Counsel Seeks $3M Fee In ERISA Deal
• NY Judge Clears Way For Trial In Ex-Nomura Trader's SEC Suit
• Calif. Has Jurisdiction Over 1MDB Asset Fight, 9th Circ. Says
• Credit Suisse Gets Initial OK For $15.5M Write-Down Deal
• Ga. Supreme Court Snuffs Out Bank's $11M Lien Argument
• FDIC's Bid For $3M From Lloyd's Came Too Late, Judge Says
• Citi Gets Another Freeze In $900M 'Mistake' Transfer Litigation
• 2 Legal Teams Vie To Lead JPMorgan Chase Spoofing Action
• German Biz Gets Spain Renewable Energy Claim Greenlighted
• Vance Won't Enforce Trump Subpoena Before 2nd Circ. Action
• Crypto Exchange Gets SEC Nod For $117M Token Offering
• Halkbank Loses Bid To Recuse Judge In Iran Sanctions Case
• 15 Minutes With Square's General Counsel
• Manatt Adds 2 Ex-FisherBroyles Attys To Boost Fintech Team
• Atty Media Interview Lessons From Trump's Axios Appearance
• NY AG Names Trump Org, Morgan Lewis In Subpoena Motion
• Commercial Loan Workout Considerations For Lenders
• Traders Sue Scotiabank After $127M Spoofing Deal With DOJ
• Feds Stress Risk Focus For 'Politically Exposed' Bank Clients
• Capital One Wants To Ax Refunds Suit Over Canceled Flights
• 2nd Circ. Rejects Immediate Stay In Trump Tax Subpoena Suit
• Coronavirus Q&A: Shutts & Bowen's Construction Leader
• Employees Present Cos.' Biggest Cyber Risk During Pandemic
• Citibank Files 3rd Suit Over $900M 'Mistake' Payment
• KPMG Once Again Ducks $1B Negligence Claims In Chancery
• Capital One Need Not Turn Over PwC Data Breach Report
• FTC's LendingClub Suit On Hold Pending High Court Ruling
• Wells Fargo Workers Add $1.9M To Reimbursement Settlement
• US Bank Will Pay $6.5M To Settle Loan Officers' Wage Suit
• Budding Decentralized Finance Industry Comes With Risks
• Pandemic Is No Excuse To Limit Defendants' Trial Rights
• Green Financing Firm Calls Customer Suit 'Buyer's Remorse'
• Taxation With Representation: Cravath, Sullivan, Hogan
• Suit Challenging CFPB's Payday Rule OK'd To Resume
• Why Remote Depositions Are Likely Here To Stay
• NY Court Denies Trump Request To Pause Tax Subpoena Case
• UK Litigation Roundup: Here's What You Missed In London
• DOJ Aims To Bolster Antitrust Enforcement With New Teams
• Atty Seeks $825K Following Chase Crypto Fee Settlement
• Citibank Slams Offshore Driller's Ch. 11 Debt-Swap Plan
• TD Bank To Pay $122M In CFPB Overdraft Settlement
• Gunderson-Led BlockFi Nabs $50M In Latest Funding Round
• Coronavirus Litigation: The Week In Review
• Investor Sues Ex-Citigroup Exec's SPAC To Block $11B Merger
• Nomura Employees Investigated In German Tax Fraud Probe
• 7 Keys To Drafting Effective Legal Briefs
• Prudential Blasts Investors' 'Misguided' Fraud Claims
• State AGs Sue Over FDIC's Valid-When-Made Rule
• Plaid Taps Former Top CFPB Lawyer As New General Counsel
• Judge Dismisses Trump's Push To Block NY Subpoena
• 3rd Circ. Revives Fight Over 'Invalid' Loan Servicer Deal
• SEC Must Now Approve All New NMS Plan Fee Changes
• Treasury Punishes 2 Dubai Cos. For Flouting Iran Sanctions
• Citibank Files Another Suit Over $900M 'Mistake' Payment
• Ex-FINRA Exec To Lead SEC NY Office As Agency Reshuffles
• Disclosure Process For Offshore Info Violates APA, Court Told
• Merrill Trader Wants Feds' Spoofing Investigation Reviewed
• Weighing The Virtual Courtroom Option In Civil Cases
• 6 Ways SEC May Respond To High Court Disgorgement Ruling
• Scotiabank To Pay $127M Tied To 'Massive' Spoofing Scheme
• Coronavirus Q&A: Bilzin Sumberg Real Estate Leader
• Colo. AG Settles Marlette, Avant Fintech Lender Cases
• HSBC Trims Stanford Bank's £118M Ponzi Scheme Suit
• Citigroup Gets Freeze On $175M 'Mistake' Payment To Brigade
• Bank Fraudster Can't Shake Prison Term At 3rd Circ.
• CFPB Seeks To Blunt Challenge To Financial Law 'Taskforce'
• NY Cybersecurity Rules Pack Wallop In Enforcement Debut
• Real Estate Rumors: SunTrust, Texas A&M, Foundry
• FinCEN Says Law Will Guide BSA Enforcement Decisions
• Fintech Entrepreneur Denies $7M Pandemic Relief Fraud
• Debt-Collection Firm Loses Challenge To CFPB Doc Demand
• Attys Shouldn't Overlook Obligations To Potential Clients
• Goldman Sachs Deal Capping Director Pay OK'd In Del.
• Pa. Justices Won't Extend New Fee Protections To Old Loans
• India Rejects Antitrust Claims Against WhatsApp Pay Feature
• NCA May Be Drawn Into Clyde & Co Oil Asset Freeze Fight
• German Authorities Raid Banks In 3 Cities In Tax Fraud Probe
• Accountants' Suit Over Pandemic Loan Agent Fees Dismissed
• High Court Taps Kirkland's Nielson To Defend FHFA Structure
• Goldman Sachs Wants 2nd Circ.'s Input In 401(k) Plan Suit
• Capital One Says PwC Data Breach Report Should Stay Private
• Citigroup Says Brigade Won't Return 'Mistake' $175M Payment
• Texas Regulator Blocks Crypto Debit Card Investment Scheme
• Mall's Suit Fighting Lender's Rent Grab Axed Over Citizenship
• 6 Firms Vie To Lead Suit Over Wells Fargo House Report
• Strategies For Associates Seeking Jobs Amid Hiring Slump
• 5 Takeaways From White House Stance On China Listings
• DOJ Issues First FCPA Advisory Opinion In 6 Years
• Sullivan & Cromwell, Goodwin Lead Amex-Kabbage Deal
• Ex-Cowen Banker Fights Arbitration Bid In Discrimination Suit
• Wells Fargo Adds Big Bank Execs To Roster In Risk Revamp
• Lease Restructuring Groups Emerge As Virus Drives Demand
• COVID-19 IP Catch-Up: All Eyes On Texas
• 5 Family Office Pitfalls That May Void Securities Exemptions
• How Pandemic Is Affecting NY Court Receiver Appointments
• Safeguards Against Legal Malpractice Liability As Claims Rise
• Trump Trying 'End Run' Around Justices' Ruling, Vance Says
• New Survey Methods May Assess TM Dilution With More Detail
• UK Litigation Roundup: Here's What You Missed In London
• German Authorities Charge 6 In Tax, Money Laundering Probe
• OCC Defends Its Fintech Charter Authority At 2nd Circ.
• Fed Says It's Testing Distributed Ledgers, Digital Currencies
• SEC's Exam Unit Urges Keeping Tabs On Staff Amid COVID-19
• Ex-Fla. Bank Manager Held In Contempt For Keeping Evidence
• Coronavirus Q&A: Akin Gump Partners On Virus Relief Probes
• Fed. Court Applies OCC 'Valid When Made' Rule In Usury Case
• Facebook Judge Doubts 'Ludicrous' Financial Ads Bias Suit
• Ex-Nine West Insiders Fight Ch. 11 Suit Over $1B Payments
• 3 Ways Law Firms Can Guard Diversity Gains During Crisis
• Wawa Aims To Toss Financial Institutions' Data Breach Suit
• Deals Rumor Mill: Airbnb, Amazon, American Express
• Structuring LBO Payments After NY Ch. 11 Ruling
• 3 Firms Guide Chinese Housing Platform's $2.1B IPO
• UMB Bank Says Revlon Stole Collateral Tied To $1.8B Loan
• 4th Circ. Says Interactive Brokers Must Pay $1M Arb. Award
• Ex-SEC Member Paredes Joins Fintech Advisory Co. FS Vector
• Morgan Stanley Ex-VP Can't Arbitrate Bias Claims
• OCC Letter May Help Ease Banks' Lingering Crypto Concerns
• ValueWise Boss Cops To $100M Loan Fraud
• Money Moves: Alston & Bird, Norton Rose, Saxton & Stump
• What I Learned As A Virtual Summer Associate
• PNC Unit Claims Texas Law Firm Defaulted On $3.3M Jet Loan
• Split 5th Circ. Tosses Accountant's Suit Against SEC Judges
• 2nd Circ. Rejects Lehman's $1B Clawback Effort
• Profs Tell 2nd Circ. To Save Non-AmEx Retailers' Steering Suit
• From Prosecutor To VP Candidate: How Harris Got Here
• New Group Aims To Elevate Voices Of Black Compliance Pros
• DOD Was Right To Refuse FOIA, 2nd Circ. Says In Reversal
• 11th Circ. Reverses Judge, Tells Money Launderer To Pay Up
• Coinbase Breaks With Major Blockchain Industry Group
• Biz Analytics Co. To Spend $500M On Bitcoin, Stock Buybacks
• Ex-BNY Mellon Exec Fights Bid To Ax Firing Suit
• Halkbank Cries Immunity In Iran Sanctions Case
• Lesser-Known Litigation Funding Best Practices For Attorneys
• German Cops Launch Raids In Money Laundering, Tax Probes
• Facebook Builds Group Focused On All Its Payment Initiatives
• Cadence Investors Didn't Show Fraud, Judge Says
• US Bank Can't Arbitrate Fee Suit After 9th Circ. Clarifies McGill
• Payment Co. Settles Trade Secrets Suit With Ex-Workers
• Confusion Prevails Over Extent Of Trump's TikTok 'Ban'
• Judge Needs More Before Ruling On Fraudster's Virus Release
• HSBC Hong Kong Beats Ponzi Scheme Suit
• Thompson Hine Adds Pair Of Investment Management Attys
• Interactive Brokers To Pay $38M To Multiple Regulators
• Salisbury Bank Beats FCRA Claims At 2nd Circ.
• Key Points For Lenders Taking Control Of Oil And Gas Assets
• ADA Protects Lawyers With Disabilities, But We Must Do More
• Considerations For NY Small Biz Truth In Lending Compliance
• Huntington Bancshares Settles ERISA Suit For $10.5M
• Legal Deserts Threaten Justice In Rural America
• Fintech-Driven SPAC Leads 2 IPOs Tapping Market For $1.27B
• JPMorgan Fights Class Cert. Bid In Interest Rate Swaps Suit
• Services Firm Claims Client Shut It Out Of $3.75M Deal
• White House Seeks 2022 Cutoff In China Listings Crackdown
• Attys Request $20.8M After Chase Servicemembers Settlement
• Soldier Can't Sue Over Car Financing, Court Told
• How COVID-19 May Change Long-Term Aviation Outlook
• Questions Linger Over Coinbase's Potential Public Listing
• Coronavirus Q&A: Cassin Real Estate Leader
• UK Litigation Roundup: Here's What You Missed In London
• Senate Approves Peirce, Crenshaw As SEC Commissioners
• 4 Firms Guide $140M Fintech Merger With Blank Check Co.
• DOJ Seeks $70M In Properties Tied To Ukraine Bank Fraud
• Feds Charge 9 With $24M Virus Relief Loans Fraud Scheme
• 5 Firms Assist Intercontinental Exchange's $11B Ellie Mae Buy
• BofA To Make Sure New Moms Get Breaks After DOL Probe
• Steak 'N Shake Sues Wilmington Trust To Allow $50M Sale
• Using Blockchain To Settle Trades Could Alter Litigation
• Analyzing Upward And Downward Trends In Legal Tech
• Health Providers Should Beware FCA Risks Of COVID-19 Aid
• Bond Holders Bid For Cert. Against BofA Over 'Lost' Bonds
• Rocket Shrinks Target To Raise $1.8B In Paul Weiss-Led IPO
• MDL Denied For Suits Against Banks Over PPP Agent Fees
• Fed's New Real-Time Payment System Targets Interoperability
• Capital One Fined $80M After 2019 Data Breach
• Consumer Lender Will Pay SEC $21.7M To End FCPA Probe
• Fed. Circ. Affirms Ax Of Banking Authentication Patent
• Dems Pitch Bill To Create 'New Racial Justice Mission' At Fed
• Fintech Funding Value Rebounds As Megadeals Spike In Q2
• Nano Investor Seeks Class Cert. In Crypto Theft Suit
• Small Businesses Denied MDL For Chase Virus Loans Suits
• Real Estate Rumors: Sterling Bay, DR Horton, JPMorgan
• Congress Should Revisit CARES Act Tax Provisions
• What UK Insolvency Law Changes Mean For US Finance Cos.
• Aussie Banks Can't Duck Rate-Rigging Suit
• ABA's New Guidance On Litigation Funding Misses The Mark
• Camping World's $12.5M Stock-Drop Deal Gets Final OK
• 3 Legal Teams Vie To Rep Wells Fargo Investors In PPP Suit
• FTC Sues Yellowstone Capital For Cash Advance Abuses
• Banks Urged To Offer More Loan Help As Pandemic Drags On
• DLA Piper Nabs Energy Pro For San Diego Office
• Ex-Goldman Atty Joins Libra Member Bison Trails As First GC
• Gibson Dunn Adds Ex-Jones Day Atty As Texas PE Leader
• What Firms Should Ask Before Hiring Attorneys From Gov't
• German Prosecutors Raid Banking Lobby In Tax Fraud Probe
• Crypto Industry Org Urges More OCC Fintech-Bank Guidance
• BofA Accused Of Unauthorized Escrow Account Creation
• HSBC Says It's Settling Calif. AG's Forex Trading Probe
• McGuireWoods Nabs Senior SDNY White Collar Prosecutor
• Morgan Stanley Hit With Suit Over Sensitive Data Exposures
• The Top In-House Hires Of July
• The Ethics Of Using Chatbots For Legal Services
• Pending SEC Rules Could Dampen Whistleblower Activity
• 'Guaranteed Rate' Is Not A Trademark, TTAB Says
• FIFA Ruling Brings New Risks For Development Bank Projects
• Curo Investors Ink $9M Deal On Canada Lending Class Action
• Gay Citigroup Employee Sues Over Retaliation, Discrimination
• Avoiding Workplace Violence When Customers Refuse Masks