Banking Archive » July, 2021

Banking - July, 2021

244 articles

• Alaska Lawmakers Seek To Up Tribal Bonds To $4B, Add ANCs
• CFPB Scraps Proposal To Delay Debt Collection Rules
• SEC Raises The Disclosure Bar For China-Based IPO Seekers
• 2nd Circ. Discovery Order Defies DOJ Stance, Court Hears
• Ex-Deutsche Traders Get Bail During Spoofing Appeal
• CBD Co. Claims Payments Processor Unfairly Blacklisted It
• Cannabis Bill Roundup: Ohio Lawmakers Eye Pot Legalization
• Exxon Again Seeks Win In Indonesian Human Rights Suit
• CFPB Can Enforce $50M Order Against Online Lender, CEO
• Wawa, Consumers Get Nod For $12M Data Breach Deal
• The Top In-House Hires Of July
• UK Litigation Roundup: Here's What You Missed In London
• What To Expect Under New SEC Enforcement Director Grewal
• House Backs Big Boost To FinCEN's Budget In Spending Bill
• FinCEN's New Adviser Aims To Crack Down On Crypto Crime
• Senate Dems Push For Federal Consumer Loan Rate Cap
• Will You Be Ready If Your Class Action Goes To Trial?
• Royal Bank Of Canada Unit Let Out Of Forex Rigging Suit
• FedEx, Others Must Give IRS Panama Offshore Account Info
• Bank Hapoalim's US Arm Names New GC From RBC Capital
• HSBC Says Data Gaps Make FX Rigging Suit Impossible
• Ex-JPMorgan Compliance Exec Joins Snap Finance As CCO
• Corporations Are Cherry-Picking Ch. 11 Judges, House Told
• Mich. Credit Union Launches Cannabis Biz Banking Program
• HUD's Disparate Impact Proposal Shows New Gov't Priorities
• Judge Axes Utah LLC's Contract Claims Against Conn. Atty
• Law Firms, Know Who's Responsible For Your Cloud Security
• Citizens Financial To Acquire Investors Bank In $3.5B Deal
• US Marshals Tap Crypto Bank To Handle Seized Digital Assets
• Cum-Ex Deals Are Criminal Tax Evasion, German Court Says
• FINRA Investigating Robinhood Founders' Registration Status
• OCC Names New Risk Officer Amid Broader Climate Risk Push
• Benefits For Law Firms Venturing Into New Services
• Senate Dem Prods CFPB For Scrutiny Of Chime, Fintech Risks
• How Anti-Corruption Push Affects US Cos. Operating Abroad
• Credit Suisse Appoints Goldman Partner To Head Up Risk
• Discover GC On Improving Diversity In The Legal Profession
• DOJ, FBI Officials Push For Ransomware Reporting Law
• Fireblocks Hits $2B Valuation In Latest Financing Round
• State Street Says ERISA Suit Short On Evidence
• Singapore's Nium Raises $200M For B2B Payment Platform
• SEC Fines Firms For Allegedly Blowing Investor Info Deadline
• Solarisbank Eyes Expansion With Fintech Merger And $224M
• Feds Say Latham PowerPoints Are Off-Limits To Huawei
• Zinc Buyers Nab $9.85M In Price-Fixing Antitrust Row
• Judge OKs $22M Add-On To Wells Fargo Foreclosure Deal
• Embracing ESG: Exelon GC Talks Diversity Initiatives
• Dykema Adds Ex-Exall Corporate Atty In Dallas
• The Law360 400: Tracking The Largest US Law Firms
• Where Have All The Associates Gone?
• Will SEC Be Told To Butt Out Of AML Reporting Enforcement?
• ​​​​​​​7th Circ. Vacates $59M CFPB Penalty Against Mortgage Firms
• NYC Condo Board's 1MDB Appeal Is Moot, 9th Circ. Says
• Grocer Hy-Vee's Class Deal OK'd With Reduced Lawyer Fees
• CFPB Seeks To Lift Stay On Payday Rule's Compliance Date
• Payoneer Pays $1.4M To Settle Apparent Sanctions Violations
• Goldman Sachs Wants Women's Gender Bias Class Undone
• US Holds Off On Vietnam Tariffs After Currency Deal
• Accountant Gets 8 Years For $1.1M Employer, Lender Theft
• Freddie Mac Names CCO Amid Broader Top-Level Reshuffle
• How Wyoming Is Leading On Cryptocurrency
• Lender Loses Appeal In Lord & Taylor Ch. 11 Rent Battle
• UK Litigation Roundup: Here's What You Missed In London
• Pryor Cashman Hotel Leader Sees Lender Patience Waning
• Debt Collector Sued Over Disclosing NJ Consumers' Info
• SEC Puts Advisers On Notice With 'Wrap Fee' Risk Alert
• Trump's Ex-CFPB Chief Signs With Crypto-Monitoring Firm
• Miami Hotel Hits Chapter 11 To Duck 'Aggressive' Foreclosure
• FINRA Sweeps To Target SPACs, Social Media Influencers
• Visa To Buy Orrick-Led Fintech Currencycloud At $962M Value
• Recent SPAC Settlement Signals SEC Enforcement Wave
• Baker Botts Attys Nab Higher Fees In $7B Stanford Ponzi Row
• 5 Questions On Standing In The Wake Of TransUnion
• Revamping Law Firm Marketing Lists — With Partner Buy-In
• Justices Urged To Halt SEC's Bank Secrecy Act 'Power Grab'
• Va. Judge Certifies Two Classes Of RICO Borrowers
• Bank CCOs Outline Their Top Emerging Risks Of 2021
• Md. Bank To Pay $2.8M In Kickback Scheme Suit Settlement
• Tech Co. Can't Unfreeze US Bank Accounts In Malware Case
• Ex-Trader To Seek 'Post-Dismissal Relief' After OCC Retreat
• NFTs May Come With Rewards, But Also Legal Risks
• Propane Co., ESOP Trustee Drop Hostile Takeover Suit
• Traders Spoofed Market To 'Rip Off' Others, Ill. Jury Hears
• BofA Hit With Suit Over Frozen Calif. Unemployment Benefits
• Debt Collector Wants 3rd Circ. Do-Over For Envelopes Suit
• NJ Orders Crypto Co. Not To Sell Interest-Earning Products
• Skadden, Morgan Lewis Shape Private Stock Trading JV
• Bank Regulators Plan CRA Overhaul As OCC Backtracks
• TransUnion Ruling Limits Standing But Could Hurt Defendants
• The Murky World Of Legal Rankings Gets Some Clarity In NJ
• Bank GCs Say Office Work Will Remain Key Post-Pandemic
• US Joins WTO Talks To Hone Professional Service Regs
• 5th Circ. Won't Revive American Airlines ERISA Case
• Rayburn Cooper's Bid To Escape Del. Malpractice Suit Denied
• Awaiting High Court Answer On Post-Cyan Discovery Issue
• 2nd Circ. Won't Revive Market-Rigging Suit Against Big Banks
• Warren Calls For CFPB Scrutiny Of Overdraft Fees, Crypto
• Ex-BigLaw Atty, SEC Reach Deal In Securities Fraud Suit
• US And Vietnam Cool Trade Tensions With Currency Pact
• SEC Fines UBS $8M For Alleged Investment Oversight Issues
• Robinhood Says It Expects $30M Fine From NY Regulator
• US, Allies Say China Behind Massive Microsoft Server Attack
• Embracing ESG: Cigna Counsel Talks Employee Wellness
• NJ Firm Hit With Debt Collection Suit Over Misleading Letter
• FINRA Shows Subtle Shift On Evaluating Best Execution
• Traders, DOJ Set To Square Off In Next Chicago Spoofing Trial
• Pot Legalization Bill Empowers US Agencies In New Ways
• Nano Buyer Withdraws Suit After Class Claims Fall Short
• CFPB Will Issue Small-Biz Lending Data Proposal By Sept. 30
• CFPB's Navient Suit To Resume After 3rd Circ. Appeal Fizzles
• BNY Mellon Reaches Settlement With Fired Former Exec
• JPMorgan Wins Halt To Ex-Adviser's Alleged Client Poaching
• FINRA Hits Laidlaw & Co. With $1.5M Fine, Suspends CCO
• Lawmakers Revive Bill To Ban Insider Trading Amid '8-K Gaps'
• Wilson Sonsini Guides Fintech Co. To $360M IPO
• Hybrid Work Models Are Key To Gender Parity In Law Firms
• Wall Street CLO Said To Back Office Return For Law Firms
• Credit-Sensitive Rates Could Allay Libor Transition Hurdles
• Visa Cuts Deal With Black Card In $600M Licensing Row
• Ex-CMA Official Says Banks Can't Stop £1B Forex Rigging Suit
• UK Litigation Roundup: Here's What You Missed In London
• SEC, Gensler Put SPAC Players On Notice With Latest Action
• 2nd Circ. Won't Nix Discovery Order In Lithuania Bank Fight
• With OCC Reorg, Hsu Takes Agency Back To The Future
• 2nd Circ. Deals Blow To Navient's Student Loan Collections
• American Airlines Credit Union To Pay $1.8M In Overdraft Row
• FINRA Fines Firm $750K Over Puerto Rican Bond Trading
• Va. Bank Says W.Va. Gov.'s $421M Suit Filed In Wrong Court
• LendingClub Will Pay $18M To Settle FTC False Ad Suit
• Revolut Soars To $33B Valuation In SoftBank-Led Round
• Former Bilzin Sumberg Partner Joins Mark Migdal & Hayden
• BofA Cheated Mortgage Workers Out Of Wages, Suit Says
• Senate Clears Treasury Undersecretary For Domestic Finance
• Ally Financial Dodges TCPA Suit After High Court Ruling
• SEC Members 'Disappointed' By Latest Crypto Order
• Indian Fugitive Indicted In US For Alleged $30M Fraud
• Ex-Venezuelan Official Pleads Guilty In $1.2B Oil Co. Fraud
• Ripple GC On Blockchain's Bloom And Blockbuster SEC Fight
• Crypto Trader Can't File For Bankruptcy Amid SEC Suit
• Pa. Bank Says Ga. Firm Billed Temporally Impossible Hours
• Fed Proposes Guidance For Third-Party, Fintech Relationships
• Insurer Wants No Part Of $37M Moody Ranch Sale Suit
• 3 Keys To Winning Your Next Oral Argument
• Tribal Immunity 'Irrelevant' In Calif. Usury Suit, Judge Says
• Jones Day Atty Moves In-House At Aussie Bank Westpac
• Top Senate Dems Admit Pot Legalization Push A Long Shot
• Banks Fight To Block £1B Opt-Out Forex Rigging Class Action
• 3 Takeaways From Senate Dems' Pot Legalization Bill
• Sen. Republicans Blast Chopra For Silence On CFPB Inquiry
• JPMorgan, Investors Reach Deal To Settle Spoofing Suit
• SEC Commissioners Weigh In On Post-GameStop Disclosures
• 2nd Circ. Affirms $4.3M FBAR Penalty, Says Old Reg Invalid
• Top SEC Official Suggests More ESG Enforcement Is Coming
• Ex-Grassley Atty Says Trust Is Key To Whistleblower Venture
• Insurer Hits Banks With Suit Over $19M Wire Fraud
• Goldman Venture Buys $488M Worth Of Logistics Assets
• Contractor Says Sterling Bank Allowed $8.5M Theft
• Don't Expect 2008-Style Suits After Next Housing Crash
• Attys Get Less Than Sought For Goldman Sachs Pay Deal
• Wind Farm Says JPMorgan Error Negates $17M Of Storm Bill
• Atty Axed From AmEx Anti-Steering Row Back On Case Radar
• Keys To Efficient And Accurate Doc Review For E-Discovery
• Manafort Banker Convicted Of Bribery
• Katten Can't Curb $950M Malpractice Suit Ahead Of Trial
• Wells Fargo Accused Of Enabling 'Free Trial' Marketing Scams
• Gap Can't Force Arbitration In Credit Card Info Sharing Spat
• MoFo Brings Aboard Finance Team From DLA Piper
• US Asks Time For FBAR Defendant's Estate To Find Successor
• Insurer Seeks To Avoid Atty's Wire Fraud Entanglement
• Embracing ESG: Raytheon GC Talks Climate Change
• Jury Gets Case Against Banker Accused Of Bribing Manafort
• Nordic Startup Lunar Nabs €210M To Grow Digital Banking Biz
• IRS Crypto Exchange Data Suit Wrongly Tossed, 1st Circ. Told
• Hausfeld, Scott + Scott Fight To Run £1B Forex Class Actions
• Biden Order Could Yield Rockier Road For Bank Mergers
• Navient Borrowers' NJ Fraud Suit Emerges Mostly Unscathed
• China's Regulatory Crackdown Could Chill US-Bound IPOs
• 5 Firms Rep Pair Of Blank-Check IPOs Raising $425M
• PHH Mortgage Reaches Deal In Inspection Cost Markup Suit
• 3 Firms Guide Crypto Exchange Bullish's $9B Go-Public Deal
• Tenn. Judge Blocks Biden's Race-Based Loan Relief Program
• Ex-Tower Research Trader Ducks Jail Time In Spoofing Case
• Q2 Stock Drop Stats Buoy High Court's Goldman Ruling
• UK Litigation Roundup: Here's What You Missed In London
• Sweeping Biden Order Aims To Attack Lack Of Competition
• High Court's 'Pivotal' Probe Highlights Wrinkle Of Cyan Ruling
• $120M Award Holder Says Egypt May Be Shielding Assets
• Swedish Crypto Fraudster Gets 15 Years In $16M Scam
• OCC Drops Forex-Rigging Case Against Ex-JPM, Citi Traders
• Colorado Gov. Repeals Ban On Credit Card Surcharges
• States Dismiss 'True Lender' Suit After Congressional Repeal
• Investors' Attys Duck Sanctions In Stock-Loan Antitrust Suit
• Exxon Disputes Atty Fee Bid In Sanctions Dispute
• An Early Look At What State AGs Want From ESG Disclosures
• NY Feds Wrap Up Case Against Banker In Manafort Loan Trial
• SEC Committee Pushes For More ESG, Diversity Disclosures
• Treasury Pressed To Offer Flexibility In Broadband Funds
• High Court Onboards Big ERISA Suit, Leaves Others Behind
• Digital Lending Platform LoanPro Nabs $100M Series A
• Funds Can't Intervene In Proposed Luckin Coffee Settlement
• 11th Circ. Rejects Chase Arbitration Bid In Film Fraud Case
• 3rd Circ. Revives Class Action Against Health Care Debt Co.
• Venezuelan Envoy Urges 11th Circ. To Ax DOJ Fraud Charges
• Baker Botts Attys Seek Higher Fees In $65M Ponzi Deal
• Davis Polk Promotes 9 New Partners, 8 In NY
• Eversheds Sutherland Adds Ex-FINRA Sr. Counsel In NY
• Mass. Ruling A Cautionary Tale For Attorneys Changing Firms
• What To Expect From SEC's Insider Trading Reforms
• DC Circ. Shuts Down Cato's SEC Gag Rule Challenge
• Feds Drop Wilmington Fraud Case After 3rd Circ. Defeat
• Grouped Cases Tainted $12M Extortion Trial, 3rd Circ. Told
• CFPB, All American Spar Over FHFA Ruling Impact At 5th Circ.
• Fed Says Interchange Fee Rules Challenge Is Too Late
• The Term Finale: A 'Kumbaya Court'? Not So Fast
• First Citizens Bank Hires Ex-US Attorney To Be Chief Counsel
• Garland's 2nd Half Agenda: Corruption, COVID-19 And Crypto
• DC Circ. Drops World Bank Suit Over Alleged India Pollution
• FinCEN Hires Ex-DOJ Crypto Expert As Digital Assets Adviser
• Rakoff 'Totally Disagrees' Pot Fraud Trial Was Unfair
• The Sharpest Dissents From The Supreme Court Term
• Returning To Open Court: Excitement, Nerves And Extra Prep
• The Firms That Won Big At The Supreme Court
• Top Privacy Developments Of 2021: Midyear Report
• Ill. Atty Says Chase's Trust Withdrawals Violate Conduct Rules
• Big Banks Are Accused Of CDS Market Manipulation Scheme
• 3rd Circ. Preview: Mob Appeals, Labor Fight, 'Cars For Kids'
• Charles Schwab Reveals $200M Hit Tied To SEC Probe
• Top Bankruptcy Cases Of 2021: A Midyear Report
• Plaintiff Takeaways From High Court's Goldman Ruling
• Justices Seemed Above The Political Fray, Until The Last Day
• UK Litigation Roundup: Here's What You Missed In London
• Justices To Mull Discovery Stays In State Securities Suits
• How To Avert Media Narrative And Get A Fair High-Stakes Trial
• FinCEN Anti-Money Laundering Notice Falls Flat With Experts
• Robinhood Settles Suit Over 20-Year-Old Trader's Suicide
• FinCEN Sets Sights On Creating No-Action Letter Program
• Mortgage Lender Rocket Hit With Investor Action In Mich.
• Biden Hiring Spree Looms For Key Bank Regulatory Posts
• CFPB's New Foreclosure Limits Will Be Tough On Servicers
• Wells Fargo Sues Hertz Over Ch. 11 Early Note Payoff Charge
• DOJ Shouldn't Get To Pick Filter Review Team, 11th Circ. Told
• Breaking Down The Vote: The High Court Term In Review
• NY Regulator Issues New Guidance On Ransomware Attacks
• Why And How To Link ESG Metrics With Exec Compensation