Banking Archive » December, 2022

Banking - December, 2022

269 articles

• Ex-Morgan Stanley Atty Loses Whistleblower Suit At DC Circ.
• The Most-Read Legal Industry Law360 Guest Articles Of 2022
• Mastercard Cuts Deal With FTC Over E-Wallet Routing
• IRS Delays $600 Payment Reporting Requirement For 1 Year
• SEC, CFTC Peel Back FTX Layers In Ex-Execs' Fraud Cases
• Bankman-Fried Insiders Tap BigLaw Firepower For Defense
• U.S. Arbitrator Gets DQ'd In Money Laundering Fight
• Disbarred Atty Can't Shake Guilty Verdict For Stealing Check
• SEC Fines PNC Unit Over Muni Bond Disclosure Lapses
• The Top Patent Damages Awards Of 2022
• Insurers Slam Scouts Plan; FTX To Start Clawback Actions
• CFPB Fines Remittance Co. $700K For Not Refunding Users
• Scoreboard Co. Daktronics Faces Investor's Fraud Claims
• High Court Ruling On Direct Listing Appeal Could Be Pivotal
• Bankman-Fried Gets $250M Bail Deal In 1st SDNY Appearance
• SEC Promoting Ex-WilmerHale Atty To Be New GC
• What 3 Legal Industry Trends From 2022 Mean For Next Year
• UK Litigation Roundup: Here's What You Missed In London
• Wells Fargo Defeats Ex-Trader's Wrongful Termination Suit
• NY Says Climate No Excuse For Less Low-Income Lending
• 2 Bankman-Fried Allies Plead Guilty, To Aid Feds In FTX Case
• Pension Funds Seek Lead In Suit Over 'IBuying' Property Tech
• Calif. Regulator Moves To Revoke BlockFi's Lending License
• Family-Oriented Fintech Co. Hit With 'Session Replay' Suit
• The Largest Securities Settlements Announced In 2022
• 2nd Circ. Overrules Rakoff On Pot Fraud Forfeiture
• 7th Circ. Orders New Trial For Atty Acquitted Of Wire Fraud
• Learning From This Year's Legal Industry Discrimination Suits
• FTX Probe Does Not Justify US Law Enforcement Imperialism
• Biden Names 6 New District Court Picks
• From Jan. 6 To Taxes, 'Tis The Season For Trump Probes
• 3rd Circ. Backs Ch. 11 DQ, Sanctions On Fla. Firms
• How A BigLaw Probe Led To A Record NBA Franchise Sale
• German Tax Attorney Appealing 8-Year Tax Fraud Sentence
• Umpqua Bank To Face Trial On Investors' $300M Ponzi Claims
• Overseas & Out Of Time: DOJ Reforms Boost Cross-Border Risk
• SEC Gets $210M Boost In Spending Bill For Hiring, Offices
• Forex Execs Ask 11th Circ. To Toss Dinar Fraud Convictions
• Blackwells Hid JV From Investors, Real Estate Trusts Say
• Treasury Implements Humanitarian Sanctions Exceptions
• No Coverage For Bank's $32M Ponzi Scheme Settlement
• FTX Threatens Clawbacks If Contributions Aren't Returned
• Fla. Judge Skeptical Of Colombian's Diplomatic Immunity Bid
• No Prison For Investor Who Helped Cheat Quicken Loans
• Phoenix Suns, Mercury Sold In Record $4B Deal
• The Future Of Legal Ops: AI Has Important Role To Play
• Top Trends And Challenges For Health Care Financing In 2022
• 11th Circ. Frees Wells Fargo From Premises Liability Suit
• With SAFE Banking Dead For 2022, Reformers Eye 2023
• 2nd Circ. Lets Investors Sue Macquarie For Fuel 'Omissions'
• 4 Proactive Strategies For 'Rocket Docket' Discovery In SDNY
• Proposed SEC Rule On Order Competition Should Be Dropped
• Retired Colgate Exec's ERISA Data Breach Suit Narrowed
• Retirement Bill Included In Sweeping $1.7T Spending Package
• CFPB Orders Wells Fargo To Pay $3.7B For Illegal Fees
• Whistleblower Nabs $37M From SEC, Spurred Multiple Probes
• Senate Confirms Biden's FDIC Board Member Nominees
• FTX Founder Sam Bankman-Fried To Waive Extradition
• Navient Gets $22M Education Dept. Order Tossed
• Video Game Co. Seeks To Drop FTX As Tournament Sponsor
• 6th Circ. Revives UPS Driver's Suit Over Pension Payments
• Ill. County's Flawed Experts Doom Wells Fargo Bias Suit
• FTX Bankruptcy's Ramifications Will Be Far-Reaching
• 9 Considerations For Landlords Renting To Cannabis Cos.
• Judge OKs $2.8M Mortgage Convenience Fees Settlement
• Binance Wins Bid For Voyager's $1B Crypto Portfolio
• Citi, Revlon Lenders Ink Deals Ending $500M Transfer Battle
• Leon Black Wants Wigdor Sanctioned In 'Bad Faith' Rape Suits
• Investor Org. Wants LBRY Tokens To Be Usable After SEC Win
• SoFi's Proposed Atty Fee Payment To Get 'Careful' Scrutiny
• Proposed FTC Impersonation Rule's Reach Is Too Broad
• EU Adopts 9th Round Of Russia Sanctions
• Fed Lines Up Libor Contract Safety Net As End Date Looms
• TransUnion's $9M FCRA Deal Yields $4.2M Atty Fees
• Leading Conservative Atty Retires After Decades At Jones Day
• FTX Liquidators Have Not Yet Resolved Info-Sharing Issue
• Former AIG Unit Execs Call Ch. 11 Plan 'Dead On Arrival'
• White Collar Attorneys Learn To Ask Clients: Are You OK?
• Axos Bank Gets Compliance Officer Firing Suit Tossed
• UK Litigation Roundup: Here's What You Missed In London
• Increasing Law Firm Polarization Will Degrade Rule Of Law
• State AGs Ask Justices To Rule On CFPB Funding Structure
• Capital Markets Activity Plunged To Earth In 2022
• Turkish Bank Not Owed Immunity, Feds Tell High Court
• Promised SEC Reforms Could Upend App-Based Trading
• 5th Circ. Revives Stanford Ponzi Suit Against BNY Mellon
• 8th Circuit Says Debit Card Fee Rule Fight Came Too Late
• Regulators' Strategies Toward FTX Reveal Crypto Law Gaps
• Atty In Australia Asks NJ Judge To Toss $5M Malpractice Suit
• Union Station Fights Bank's Early Win Bid In Foreclosure Suit
• FinCEN To Propose Beneficial Owner Registry Access Rules
• AIG Unit Execs Seek Dismissal Or Probe Of Del. Ch. 11 Case
• Treasury, State Tighten Squeeze On Russian Financial System
• How Partner Banks Can Contingency Plan For Fintech Failure
• Ohio Mortgage Firm Says Michigan Rival Copies Its Name
• Morrison Cohen Adds Former SEC Trial Lawyer As Partner
• 5 Things To Note In Charges Against FTX's Bankman-Fried
• Deals Rumor Mill: Phoenix Suns, Carlyle Group, Twitter
• Sens. Float Bill To Boost AML Rules For Crypto, Ban 'Mixers'
• SEC Proposes Sweeping Stock Market Reforms
• Academy Mortgage To Pay $38.5M In FCA Suit Over Bad Loans
• TIAA Trader Accused Of $47M Front-Running Racket
• GOP Lawmakers To Chopra: There's A New Sheriff In Town
• FTX Founder's Arrest May Help, But Won't Speed Ch. 11 Probe
• When Should Crypto Assets Be Considered Securities?
• Demands For More Crypto Oversight Prevail At Senate Panel
• FTX Balks At Sharing Ch. 11 Info With Bahamian Liquidators
• Consumer Analysis Techniques For Partitioned Pricing Cases
• Luse Gorman, Holland & Knight Lead $150M First Bank Deal
• SEC Approves New Restrictions On Insider Trading By Execs
• How To Deal With Difficult Clients, Practically And Ethically
• AIG Subsidiary Hits Ch. 11 In Del. To Clear $37.4B Debt
• SBF's Arrest Shows Feds Focused On Case, Not Congress
• New FTX CEO Tells Reps Indicted Founder Lent Himself $1B
• Bank's Arbitration Clause Is Unconscionable, Judge Says
• Medical Device Co. Strikes $14.5M Deal To Settle FCA Claims
• FDIC Floats Rules On 'Insured' Labeling Amid Fintech Growth
• Feds Back FTX Founder Into Corner As Charges Mount
• 7 Charged With Sneaking Sensitive US Tech To Russia
• FDIC's Gruenberg, Other Biden Nominees Advance In Senate
• Ex-Venezuelan Treasurer Found Guilty Of Money Laundering
• New DOJ Guidelines May Facilitate Student Loan Discharge
• Foster Garvey Ponzi Claims Were Timely Filed, Court Told
• 11th Circ. Slams CFPB Depositions In Robocall Case
• 9th Circ. Backs CFPB In $15M Student Aid Co. Appeal
• DHS, Money Transfer Cos. Accused Of Illegal Surveillance
• AmEx Wants White Workers' Bias Suit Sent To Arbitration
• 9th Circ. Revives Bank's $15M Scam Coverage Suit
• 'Chrisley Knows Best' Star Wants Defamation Case Tossed
• Ex-Wells Fargo Atty Says Firm Sued Out Of 'Vindictiveness'
• Danske Bank To Pay $2B For Lax Money Laundering Controls
• Russian Tycoon's Bid To Halt $850M Suit Tests UK Sanctions
• FTX Founder Ran Historic Fraud, Feds Charge
• Banking Official Fights Doc Bid For Malta Arbitration
• Ex-Venezuelan Treasurer Testifies In Own Fla. Laundering Trial
• 3 Firms To Split $1.27M Award In TD Bank Overdraft Deal
• Fed Spared Default Loss In Custodia Master Account Suit
• US Trustee Slams FTX's Ch. 11 Bid To Shield Customer Names
• FTX Founder Sam Bankman-Fried Arrested In The Bahamas
• Key Republican Says Gensler's SEC Will Answer To Congress
• A Game Changer For Mortgage Foreclosure Cases In NY
• Dallas Development Owner Faces $1.1M Suit For Unpaid Loan
• Hacked Customer Says T-Mobile Profits From Weak Protection
• Voyager Says FTX Deal Officially Dead, $5M Deposit Held
• Where Kavanaugh May Land On SEC In-House Court Issue
• Catching Up With Delaware's Chancery Court
• Paul Hastings Hires Weil Gotshal Rainmaker As NY Partner
• Justices Suspend Chicago Ex-Judge Guilty Of Mortgage Fraud
• What To Know About CFPB's Financial Data Rights Proposal
• Federal Courts Should Adopt Supreme Court's Amicus Stance
• Goldman Investor Attys Seek $19.8M In Fees In 1MDB Suit
• CFPB Eyes Registry For Tracking Potential 'Repeat Offenders'
• Businessman Charged In $350M Scheme Seeks Immunity
• Trust Co. Wants 2nd Circ. To Look At ERISA Arbitration Denial
• Top Firms Make Growth A Priority For 2023
• The 2022 Law360 Pulse Leaderboard
• Briton Wanted For $99M Wine Fraud Fights Extradition
• Covington Adds Financial Services Atty From Kaplan Hecker
• Justices Agree To Hear 2nd Biden Appeal Over Debt Plan
• Warren, Toomey Bill Seeks To Open Blinds On Fed Reserve
• JPMorgan Escapes Ex-Worker's Benefits Freeze Suit
• Celsius To Hold Customer Crypto, Alex Jones' Personal Ch. 11
• Reform Group Lobs Ethics Complaint At CFTC's Pham
• 4 Arrested In $9.2M Fraud, Money Laundering Scheme
• CFPB's MoneyGram Case Halted As High Court Fight Looms
• DOJ Official Calls Uber Security Chief Conviction An 'Outlier'
• SBF 'Willing' To Go Before House Panel With Current FTX CEO
• Jury Convicts Third Ex-JPMorgan Trader In Spoofing Case
• HNA Group Must Show Why It Shouldn't Pay Debt, Judge Says
• Justices To Review Firms' IRS Bank Summonses Dispute
• 11th Circ. Hesitant To Hear UBS Spat With Ex-Adviser
• How Will The FTX Collapse Affect Other Companies?
• UK Litigation Roundup: Here's What You Missed In London
• Santander UK Fined £108M For 'Repeated' AML Failures
• After FTX, SEC Advises Cos. To Disclose Crypto Risks
• UBS Calls $3.8M Disclosure Lawsuit Baseless, Untimely
• Bankrupt Reverse Mortgage Servicer Gets $34.5M Loan
• Sen. Rand Paul Blocks Package Raising Fees For Big Mergers
• Bankman-Fried Hit With Campaign Finance Complaint
• HSBC Tells 2nd Circ. To Uphold Win In RMBS Trustee Suit
• GOP AGs Join Fight Against CFPB's Anti-Bias Exam Policy
• Celsius Ch. 11 Sale Of Israeli Assets Delayed For More Info
• OCC Report Urges Bank Caution Amid Economic Uncertainty
• Reality TV Couple Chrisleys Request Bail Amid Fraud Appeal
• Mortgage Lenders Must Prioritize Anti-Bias Compliance
• Ex-CEO's Claims Of Distracted Counsel Fail To Nix Conviction
• Deals Rumor Mill: LedgerX, Unilever, Global Switch
• Sens. Prod Regulators On Crypto's Banking Ties After FTX
• Fashion Co. Linked To Ex-Venezuelan Treasurer, Swiss Bank
• 3 Wells Fargo Ex-Execs Face $18.5M Fines In OCC Case
• Kardashian, Mayweather, Others Beat Crypto Investors' Suit
• SEC To Unveil Plan For Major Stock Market Overhaul
• FinCEN Wants Feedback On DeFi's Crime-Fighting Potential
• State Consumer Cops Put High-Cost Lending, Fees In Sights
• Blockparty Co-Founder Charged With $1M Cash, Crypto Fraud
• Ga. Judge Stays Receiver Motion In Coinbase Security Suit
• Celsius Customers Must Wait For Return Of Funds In Ch. 11
• Cannabis Banking Proponents Eye Next Move After Bill Cut
• 11th Circ. Says Insurance Trustee Didn't Breach Duty To Acheron
• Atty Sues Chase Over Missing $25M For Bahamas Land Deal
• Ex-Neustar Exec Can't Hurry Fee Case From Trump RICO Suit
• SEC Must Improve Enforcement Quality With 3 Key Factors
• Allen & Overy Granted $1M Default Win In Crypto Co. Fee Row
• Wilson Sonsini Nabs Ex-Fed, Ripple Counsel As Partner
• Mistrial Sought For Ex-Venezuelan Treasurer In Fla. Case
• Sens. Press Silvergate Bank On Oversight Of FTX Transfers
• Lawsuit Claims Chase Bank, Zelle Leave Users Open To Fraud
• 9th Circ. Backs PNC Loan Officers' Win In Unpaid Breaks Suit
• NY AG Agrees To Exclude Ivanka From Trump Org. Monitor
• Ex-FTX CEO Taps Cohen & Gresser Amid Probes Into Collapse
• 3rd Try At FDCPA Suit Fails To Resolve Central Question
• Credit Union Settles DACA Recipient's Loan Bias Suit
• Purportedly Ousted Leaders Want Tribal Spat Tossed
• JPMorgan Stockholder Sues In Del. For Zelle Books
• Citi, Revlon Lenders Nearing End To $500M Transfer Fight
• Deutsche, Rabobank Rigged Bond Trades For 11 Years, EU Says
• 5th Circ. Mulls Chase Contract In $20M Data Breach Row
• DC Circ. Clashes On Who Can Challenge Rule Withdrawal
• SEC, Ripple Issue Final Salvos As Crypto Decision Nears
• Crypto Firm Plots US Exit After Hitting Regulatory 'Dead End'
• Custodia Wants Default Win In Fed Master Account Suit
• Chrisleys To Appeal Bank Fraud, Tax Evasion Sentences
• Catching Up With Delaware's Chancery Court
• Ex-IRS Criminal Investigation Head Joins Winston As Partner
• Parsing SEC's Rule Extension For Fixed-Income Issuers
• Ex-Worker Claims 'In Christ' Email Signoff Got Her Fired
• 3 Pricing Trends In Law Firm Use Of Litigation Funding
• In Law Firm Race For Revenue, Top Dogs Stand Alone
• The 2022 Law360 Pulse Prestige Leaders
• Biden Tells Justices Texas Judge Erred Axing Debt Plan
• Fed Is Latest To Pitch Climate Risk Guidance For Big Banks
• CFTC Warns Overseas Swap Dealers To Heed Reporting Rules
• Attys' $39M Fee Bid Granted In Interest Rate Case
• Pakistan Pay Startup Investor Sues In Del. To Remove Director
• CFPB Won't Back Down On Crypto Lender Investigation
• CFPB, Loan Doctor Reach $19M Deal Over Customer Deceit
• Biden Goes Too Far With Debt Plan, 17 States Tell Justices
• TransUnion Faces Del. Investor Suit For CFPB Order Failures
• FTC Eyes Expanded Enforcement Efforts But Questions Loom
• Crypto Bank Silvergate Hit With Investor Suit Over FTX Ties
• Fed OKs Merger Of Farmers National Bank Cos. in Ohio, Pa.
• Interest Rates Doom Lender, Crypto Winter Persists
• Exchanges Fine BofA $2.75M For Erroneous Order Codes
• 5 Takeaways From The SEC's Annual Whistleblower Report
• Skadden Says Lottery.com Hasn't Paid It For Chancery Case
• UK Litigation Roundup: Here's What You Missed In London
• Safeguarding Attorneys' Greatest Asset: Our Mental Health
• Reed Smith Nabs Ex-Katten Real Estate Finance Partner
• Jay-Z Can't Halt Arbitration Over Bacardi Venture, Judge Says
• FTX 'Free Fall' Demands Special Examiner, US Trustee Says
• 'Humble' Barr Hints At Potential For Tougher Fed Capital Rules
• Capital One Wins Toss Of Workers' 401(k) Fee Suit
• NY Financial Cop Wants Crypto Firms To Pay Up For Oversight
• Trade Groups Push To Topple CFPB Anti-Bias Exam Policy
• CFTC Head Wants Power From Congress To Police Crypto
• Lessons From Bittrex's Settlements With OFAC And FinCEN
• 5th Circ. Class Action Rulings Reflect Post-TransUnion Trends
• CFPB Urges 4th Circ. To Back PNC Borrower's Class Claim
• Celsius Ch. 11 Creditors Hit With Crypto Phishing Attacks
• Ex-JPMorgan Trader's Fake Orders Tricked Market, Jury Hears
• CFPB Wins Bid To Enforce Subpoena On Jack Dorsey's Block
• Chrisleys' Ex-CPA Appeals 3-Year Tax Evasion Prison Term
• Supreme Court To Consider Biden Student Debt Relief Plan
• Voyager Wants To Tap $24M Reserve After Loss Of FTX Bid
• Deals Rumor Mill: CoinDesk, News Corp., Liverpool FC
• DOL Secretary, Biz Leaders Urge Expanded Retirement Access
• Political Bias Ruling Clarifies NY Law's Worker Protections
• FTX Bankruptcy Provides A Road Map For Crypto Regulation
• Ex-Treasurer Testifies He Betrayed Hugo Chavez For Money