Banking Archive » March, 2024

Banking - March, 2024

327 articles

• Petition Watch: Off-Label Ads, Retiree Discrimination & PPE
• PayPal Gets CFPB's Fee Disclosure Rule Cut Down Again
• 5th Circ. Stays CFPB Late-Fee Rule Suit's Move To DC
• BofA Sued After FTC Imposter Steals $2M From Accounts
• BofA Unfairly Charges Fees For Others' Bad Checks, Suit Says
• GEO Group Brass Agree To Reforms To End Derivative Suit
• CFPB Probe Of Utah Lender Put On Ice For High Court Ruling
• Up Next After Bankman-Fried Sentencing: FTX Cooperators
• Cannabis Co. Consultant Barred From Penny Stock Trading
• Stay Interviews Are Key To Retaining Legal Talent
• Off The Bench: Ohtani Woes, Va. Ends Arena Plan, Pac-12 Deal
• CFPB Scores Win As Banks' Late Fee Rule Lawsuit Sent To DC
• Morgan Stanley, Goldman Get Archegos Suits Tossed
• Wells Fargo Sued Over Role In Texas Atty's Carbon Tech Scam
• Investors' Compliance Class Action Falls Short, Discover Says
• FinCEN Eyes Relaxing Bank Duties For Customer ID Numbers
• Auto Parts Mogul Must Face Lender's $127M Trust Fraud Suit
• Overdraft Opt-In Practices Hold Risks For Banks
• AI In Accounting Raises OT Exemption Questions
• New Concerns, Same Tune At This Year's SIFMA Conference
• NC Atty Calls Airline Mogul's Bank Records Request 'Reckless'
• Commodities Trader Trafigura To Pay $126M For Brazil Bribes
• Grading Garland: Attys Give AG Mixed Reviews 3 Years In
• Bankman-Fried Gets 25 Years For 'Very Bad Bet' Of FTX Fraud
• UK Litigation Roundup: Here's What You Missed In London
• No New Trial For Hedge Fund Boss In Forex Rigging Case
• Evidence On Ex-Mozambique Official Stays In $2B Fraud Suit
• CFPB Flags False Advertising Risk For Money Transfer Firms
• Citi Can't Arbitrate Anti-Armenian Bias Claims, Court Told
• The Ohtani-Shaped Cloud Looming Over The MLB Season
• FERC Finds Fans And Foes Of Wall Street's Utility Ownership
• PenFed Must Face W.Va. Consumer 'Pay-To-Pay' Fee Action
• On Deck In JPML: Baby Food, 23andMe Privacy, NCAA
• Fed. Circ. Caps $7M Verdict While Clarifying Foreign Damages
• SEC Cyber Enforcement Top Concern For Compliance Pros
• Feds Say Murdaugh Lied, Broke Plea Deal Over $9M Fraud
• 8 Tips As GCs Prep For New SEC Climate Disclosure Rules
• 11th Circ. Affirms Experian's Win In Credit Reporting Suit
• Smith Gambrell Sued For Keeping $4.6M In Real Estate Row
• How Experian, Apple Aid CFPB's 'Buy Now, Pay Later' Goals
• An Overview Of Key Financing Documents In Venture Capital
• Ex-Barclays, Citi Traders Lose Interest Rate-Rigging Appeals
• Banks Bristle At CFPB's 'Preventive' Ban On Some NSF Fees
• Jackson Paints Abortion Clash As Microcosm Of Bigger Brawl
• Walmart Wins Bid To Ax Capital One Credit Card Agreement
• PTAB Tosses 'Smart Card' Patent Used Against Banks
• Apple Escapes Antitrust Suit Over Crypto On Payment Apps
• Stifel Units To Pay FINRA $2.3M Over ETF Supervision Claims
• 8th Circ. Urged To Freeze SEC Climate Rules Once More
• Meridian Capital Taps Former Top Regulator As New CEO
• Ally Bank Beats Class Action Over Data Leak For Good
• Wells Fargo Unit Can Send $500M Fund Plunge Suit To NY
• FTX Says Millions In Ch. 11 Token Claims Should Be Zeroed
• Law Firm Can't Ditch Class Cert. In Interest Rate Challenge
• Mitsubishi Seeks $88.9M From Canadian Truck Sellers In US
• Jurisdiction Snafu Sinks US Bank Exec's Second Firing Suit
• Ready Or Not, Big Tech Should Expect CFPB Surveillance
• Visa, Mastercard Cut Deal In Long-Running Swipe Fee Dispute
• Clyde & Co. Eyes Case Against Switzerland Over Credit Suisse
• NC Justices Find BofA Mortgage Fraud Suit Filed Too Late
• Wells Fargo Denies Liability Over Texas Atty's Fraud Scheme
• Spray Painting Makes Me A Better Lawyer
• Crypto Co. KuCoin, Execs Charged With Enabling Laundering
• Lender Groups Sue Over Colorado's Rate 'Opt-Out' Law
• Merchants Hit AmEx With Antitrust Claims Over Its Fee Rules
• Bank Groups Ask 5th Circ. To Block CFPB Card Late-Fee Rule
• Truist Says Plastic Co. Trying To Dodge $20M Default
• MLB's Ohtani Denies Betting Ties, Alleges Theft By Interpreter
• FTX Reaches Deals For $884M In Ch. 11 AI Biz Stock Sales
• Jury Hands Mortgage Co. $73K Win In Trade Secrets Fight
• Bank Says Immunity In Terrorism Suit Not Issue For Justices
• Catching Up With Delaware's Chancery Court
• Amex GBT To Buy CWT In Deal Valued At $570M
• Conn. Loan Law Tweaks May Have 3 Major Effects On Lenders
• Lazard Beats Fired Indian Exec's Bias, Retaliation Suit
• Northwind Breaks Office Lending Drought With $65M Loan
• M&T Bank Execs Seek Exit From Fla. Law Firm's $1.5M Suit
• Lender Curo Group Hits Ch. 11 To Slash $1B In Debt
• Trump Gets Late Reprieve After Failing To Post $465M Bond
• FTX Clawbacks Unlikely To Help Bankman-Fried At Sentencing
• OCC Fines Sterling Bank's Ex-COO $150K For Lax Oversight
• Bank Beats Whistleblower Suit Alleging CEO Spread COVID-19
• Feds Delay Community Lending Assessment Change To 2026
• US Bank Ends $3.5B RMBS Trusts Suits Against BofA, Others
• WisdomTree Nabs New York Trust Company Charter
• 9th Circ. Sends OppFi Predatory Lending Suit To Arbitration
• 5th Circ. Lifts SEC Climate Rule Stay After 8th Circ. Lottery Win
• Trims Recommended In Zelle Fraud Victims' Case Against BofA
• Feds Reach Deal To Seize, Sell FTX Executive Jets
• Businessman Indicted Over Hiding Of $20M In Swiss Accounts
• 7 Takeaways From CFPB Circular On Digital Comparison Tools
• Fleetcor, Ga. Man Agree To Settle Reimbursement Denial Row
• Del. Courts Examining 'Colonoscopy'-Like Bylaw Rules
• Silvergate Must Face Investor Suit Over FTX Ties, Judge Says
• Wisconsin Gov. Signs Earned Wage Access Bill Into Law
• CFPB Wants Late-Fee Suit In DC As Judge Notes Busy Docket
• Navy Federal Wants Racial Lending Discrimination Suit Axed
• Chief Of Bogus PE Firm Gets 6 Years For $10M Affinity Fraud
• Conn. Judge Awards $59M Damages Payment In Crypto Feud
• Wells Fargo Overcharged Military Members, Suit Says
• Unabomber Prosecutor To Probe FTX's Sullivan & Cromwell Ties
• Barings' Exec Helped Raid Employees To Join Rival, Suit Says
• CFPB Head Sees Flaws In Capital One-Discover Deal Rationale
• Why Individual Officers Are BSA-AML Enforcement Targets
• The LA Boutique Repping MLB's Ohtani Amid Betting Scandal
• How New SEC Rule May Turn DeFi Participants Into 'Dealers'
• 8th Circ. Wins SEC Climate Rule Litigation Lottery
• Shumaker Hires Kass Shuler Atty In Tampa As Partner
• Wyden Probes Swiss Bank's Ties To Billionaire Under Scrutiny
• 6th Circ. Judge Doubts Challenge To $39B Student Debt Relief
• Judicial Independence Is Imperative This Election Year
• FDIC To Target Deals Creating Cos. With $100B-Plus In Assets
• RBC Top Atty Sees Role Expand As Strategy Officer Exits
• How Harsher Penalties For AI Crimes May Work In Practice
• 2nd Circ.'s Binance Locus Test Adds Risk For Blockchain Cos.
• Spanish Investment Co. Beats Slovak TM Opposition In EU
• NY AG Scoffs At Trump's Claim Of 'Impossible' $465M Bond
• Health And Safety Top Risk For Directors, Global Survey Says
• Protested CFPB Supervisory Order Reveals Process, Priorities
• Bank of Cyprus Eyes €137M Investor Return After ECB Nod
• Swiss Watchdog To Inspect UBS Closely For Merger Impact
• Russian Exec Argues Jailed Biz Partner Can't Escape Judgment
• Document Retention Best Practices To Lower Litigation Risks
• SEC Proxy Roundup: Verizon, UPS Escape ESG Proposals
• Riding My Peloton Bike Makes Me A Better Lawyer
• British Bank CEOs Shift Blame For Pay Fraud To Social Media
• How The Supreme Court Could Narrow Chevron
• Ex-LC&F Chief Says SFO And FCA 'Wrecked' His Career
• Law360 Announces The Members Of Its 2024 Editorial Boards
• US Chamber's Litigation Funding Concerns Spur 2 State Laws
• Wise Hits Back At Bad Faith TM Allegations From Tech Rival
• 5th Circ. Ducks 'Pandora's Box' In Tossing SEC Gag Rule Row
• Top Bank Lobbyist To Biden: Stop The Regulatory 'Tsunami'
• CFTC Decries Forex Firm's 'Strong-Arm' Sanctions Bid
• Wells Fargo Race Bias Suit Sent To Arbitration In NC
• The Challenges SEC's Climate Disclosure Rule May Face
• SEC Gambles Climate Rule Fate On Circuit Court Lottery
• Class Actions At The Circuit Courts: March Lessons
• Atty, Ex-NY Bank Director Gets 30 Mos. In Loan Scheme
• Compliance Steps After ABA White Collar Crime Conference
• 3rd Circ. Says CFPB Can Go After Student Loan Trusts
• EU Parliament Committees Approve AML Laws
• US Bank, Oppenheimer To Pay CFTC $7M In Text Probe Cases
• Bankman-Fried's Fraud Left FTX Users Reeling, Letters Say
• Investment Advisers Should Prep For Money Laundering Regs
• Spartan Arbitration Tactics Against Well-Funded Opponents
• HSBC Securities Can't Exit Ex-Rep's Whistleblower Suit
• FTC Says 2 Fintechs Will Pay $59M To Settle PPP Loan Claims
• Petrillo Klein Nabs NY Consumer Protection Chief As Partner
• Genesis Gets OK For $21M Deal To End SEC Crypto Loan Suit
• Justices Tilt Toward NRA In Free Speech Row With Regulator
• Ex-SF Utilities Head Gets 4 Years For Bribery Conviction
• How Private Funds Can Navigate New FinCEN Reporting Rules
• What 2 Years Of Ukraine-Russia Conflict Can Teach Cos.
• Leerink Enticed Goldman Exec With False Promises, Suit Says
• Trump Says He Can't Secure Bond For $465M Fraud Judgment
• Home Solar Co.'s Ex-CEO Wants Out Of Faulty-Panel Suit
• Up Next At High Court: Gov't Jawboning & Retaliatory Arrests
• Bank Groups Defend Texas Home For CFPB's Late-Fee Rule Suit
• Ex-Prisoners Partially Settle Prepaid Card Suit For $2.8M
• CSA Case Could Shift Intrastate Commercial Cannabis
• Pa. Court Can Hear NY Borrowers' Class Action Against Bank
• How AI May Be Used In Fintech Fraud — And Fraud Detection
• Takeaways From Groundbreaking Data Transfer Order
• UK Litigation Roundup: Here's What You Missed In London
• Feds Say Bankman-Fried Deserves 40 To 50 Years In Prison
• US Acquittals Don't Upend UK Libor Convictions, SFO Says
• In Int'l Arbitration Agreements, Be Clear About Governing Law
• What Recent Study Shows About AI's Promise For Legal Tasks
• Lehman Brothers Can't Undo Trial Loss Over Crisis-Era CDS
• CFPB To Mull Official 'Standard Setters' In Open Banking Push
• Apple Federal Credit Union Can't Shake Overdraft Fee Suit
• Barclays Hit With Short-Seller's Suit Over $17B Overissuance
• FINRA Ordered Less Restitution, More In Fines In 2023
• Ex-Chase Banker Gets 4 Years For $2.4M Embezzlement
• Bankman-Fried Taps New Firm For SEC, CFTC Defense
• Banks Should Continue To Prep For CFPB Data Rule Rollout
• JPMorgan Fined Nearly $350M Over Trade Surveillance
• Sierra Club Joins Fray With SEC Climate Rule Suit
• Ex-SEC Economists Urge 5th Circ. To Fix Short-Selling Rules
• Feds Want 6.5 Years For Ex-Utility Commission Boss' Bribery
• PNC Bank Can't Get $106M Judgment Covered By Insurers
• SEC Admits Errors In Marcum CPA's Administrative Case
• FCC Waives Bank Rating Rule For Rural Auctions For 1 Year
• Genesis, Gemini Can't Ax SEC Suit Over Crypto Loan Program
• CFPB Slams 'Forum-Shopping' Bid To Halt Card Late-Fee Rule
• Amazon Groups Ask To Meet Banks Over Oil Co. Financing
• Tips For CCOs Submitting Annual Compliance Reports
• Ex-CFO Raided Corporate Funds, Trulieve Suit Claims
• Avoiding Jurisdictional Risks From Execs' Remote Work
• Fintech 'Prenups': Planning For A Card Program Breakup
• Blackstone Closes $600M Credit Deal For Utah Data Center
• EB-5 Suit Says Hotel Project Tricked Non-English Speakers
• Greenberg Traurig Hires Ballard Spahr Counsel In DC
• Crypto Bank Anchorage Brings On Ex-SEC Atty As Legal Chief
• Wells Fargo Can Arbitrate Cardholders' Suit, Conduent Can't
• Bolt Financial's Chairman Is Controlling Board, Suit Says
• Treasury Sanctions More Iran-Backed Terrorist Operatives
• Wells Fargo Shortchanges Its Fake-Account Victims, Suit Says
• Judge Questions If Citibank Can Avoid Escrow Theft Burden
• Wells Fargo Hit With Class Action Over Bounced Check Fees
• OCC's Hsu Says 'Operational Resilience' Regs May Be Coming
• Crypto Mixer Operator Found Guilty Of Money Laundering
• Ex-Boy Scout Can Seek $120M Award From Insurers
• TransUnion Unit Pays $37M On Credit Card Data Misuse Claim
• SEC's Final Climate Disclosure Rules: What Cos. Must Know
• 3 Notification Pitfalls To Avoid With Arbitration Provisions
• Mich. Firms Mishandled $38M Trusts, Suit Says
• UnitedHealth Can't Get Early Win In Workers' ERISA Suit
• Businessman Hid $20M In Swiss Accounts, US Says
• Paul Weiss' Digital Tech Chair On AI's Promises And Perils
• Judge OKs Deal Ending DACA Holders' Lending Bias Suit
• Fed, Others Tell Judge New Community Lending Rule Is Legal
• Forex Firm Wants CFTC Sanctioned For 'Bad Faith' Behavior
• 4 Things To Know About SEC Climate Reporting Compliance
• FDIC's Crypto Caution Has 'Significant Downsides,' Hill Says
• Bitcoin Miner's Vendor Accused Of Taking $6.4M Computers
• NY Man's COVID Loan 'Greed' Merits 10 Years, Feds Say
• Prudential Investors' $35M Settlement Gets Initial OK
• US Appeals Corporate Transparency Act Ruling To 11th Circ.
• BIPA's Statutory Exemptions Post-Healthcare Ruling
• 2nd Circ.'s Nine West Ruling Clarifies Safe Harbor Confusion
• Sidley Gains Finance Ace From Paul Hastings In California
• 3 Firms Seek To Lead, Combine Axos 'Bait And Switch' Cases
• Catching Up With Delaware's Chancery Court
• What Fed's Credit-Linked Note FAQ Means For Capital Relief
• DOL Sends Fiduciary Rule Rewrite To White House
• Trump 'An Existential Threat' To Rule Of Law, Attys Warn
• Visa, Mastercard's Standing Challenge Fails In Swipe Fee Case
• SEC's Climate Regs Face Multipronged Courtroom Attack
• CFPB Seeks Public Stories Of Mortgage Closing 'Junk Fees'
• DOJ Eyes FCPA For New Whistleblower Rewards Program
• DC Judge Strikes 2 BofA Experts In $1.1B FDIC Premiums Suit
• Experian Biased Jury In Credit Reporting Suit, 11th Circ. Told
• Fed Sharpens Threat Safeguard Rules For Payment Utilities
• UBS Luxembourg Must Face $50M Madoff Clawback Suit
• Kwok Judge Lets Gov't Keep $302M In Crypto For Restitution
• New Headache For Binance As 2nd Circ. Revives Investor Suit
• Fintech Compliance Does Not Always Equal Bank Compliance
• Del. Dispatch: How Moelis Upends Stockholder Agreements
• Ex-Private Funds Leader With Perkins Coie Jumps To MoFo
• Litigation Inspiration: A Source Of Untapped Fulfillment
• Ginnie Mae Says Texas Bank Can't Use Oral Promises In Suit
• Judges Say Facing Threats And Vitriol Now Part Of The Job
• Biden Touts Antitrust Stance As Move To Lower Housing Cost
• Caliber Says Ex-Exec's Terms With Predecessor Still Apply
• Wells Fargo, Goldman Escape Some Climate Proxy Proposals
• Deputy AG Unveils DOJ Whistleblower Rewards Pilot Program
• IP Forecast: 2nd Circ. To Consider Whether Seltzer Is Beer
• Axos Bank Sued Over Money Market Account Reclassification
• American Airlines Says Frequent Flier Suit Belongs In Texas
• Ex-SVB Counsel Farella Braun Seeks $49K In Unpaid Fees
• Fla. Bankruptcy Ruling Is Cautionary Tale For Debt Collectors
• Jailed Reality Star Slammed For Raising 'Irrelevant' Evidence
• A New Push To Clear Up Marijuana's Foggy Legal Status
• Wells Fargo Charged For Unwanted Programs, Customer Says
• Banking Groups Sue CFPB Over Credit Card Late Fee Rule
• Brafman Attys Known For Repping Big Names Open Firm
• Fed Working To Beef Up Supervision 'Rulebook,' Powell Says
• Skiing Makes Me A Better Lawyer
• NJ Appeals Court Revives Sex Bias Suit Against Mortgage Co.
• Paul Hastings Lands NY Real Estate Pro From McDermott
• Red State AGs Sue SEC Over 'Illegal' Climate Disclosure Regs
• Garland On AI Crime, And A Taylor Swift Tune For DOJ
• DOJ Says Docs Exempt From Release In Ex-JPM Trader Case
• Latham Passes Skadden As Busiest Securities Defense Firm
• Citibank Sued Over Surprise Fee For Bounced Checks
• SVB Parent Co. Sues Receivers Over $1.9B In Withheld Funds
• CFPB Faces Call To Close Deposit Rate Disclosure 'Loophole'
• Co. Says Chubb Unit Must Cover $5M Merger Dispute Defense
• M&A Values Getting Boost Amid Election-Year Scramble
• NYCB Gets $1B Infusion, Names Ex-OCC Chief As CEO
• How Breach Reporting Is Changing For Financial Institutions
• Startup Investors' Attys Want $1.5M In Fees On Disclosure Suit
• Most States Allow Abusive Debt Collection, Report Says
• Practical Steps For Navigating New Sanctions On Russia
• Sidley Adds 11-Year Wiley Rein Leaders To DC Group
• CFPB Rebuffs Bid By MV Realty To End Investigation
• Fed's Powell Expects 'Material Changes' For Capital Hike Plan
• Divided SEC Adopts Scaled-Back Climate Reporting Regs
• NY Targets Yellowstone Capital In $1.4B Suit Over Lending
• Wells Fargo Accused Of Enabling Ex-Texas Atty's Fraud
• 5 Things To Know About CFPB's Cut To Credit Card Late Fees
• White House To Crack Down On Illegal, Unfair Pricing
• Rochester, NY, Denied Early Win In SEC's $119M Bond Suit
• Philly, Dallas Feds Name New Top Attys
• UPS, AT&T Can't Avoid ESG Proxy Proposals, But BofA Can
• Gibson Dunn AI Leader On Weathering The AI Policy Blizzard
• CryptoQueen's Brother Avoids More Prison For OneCoin Fraud
• Capital One Beats Foreign Currency Swap Overcharge Suit
• Biz Owner Gets 10 Months For Evading Tax On Foreign Income
• UK Whistleblowers Flock To The US For Good Reason
• Think Like A Lawyer: Forget Everything You Know About IRAC
• Ill. Atty Tells 1st Circ. Feds Botched Venue For Scam Case
• The Corporate Transparency Act Isn't Dead Yet
• Vegas Man Convicted In Bank Fraud, Laundering Scheme
• CFPB Adopts Rule To Slash Credit Card Late Fees By Billions
• Corporate Transparency Act Unconstitutional, Ala. Judge Says
• Banks Say CFPB's Small-Biz Lending Rule Is Gov't 'Run Amok'
• Don't Skip Mock Trials, Veteran Criminal Defense Atty Says
• Ex-Venezuelan Official Cops To Money Laundering And Bribery
• Credit Suisse Can't Undo Class Cert. In XIV Notes Crash Suit
• Judge 'Uncomfortable' In Tossing Man's No-Fly-List Suit
• 3 Ways The SEC Might Scale Back Climate Disclosures
• Cash App, Block Reach $15M Deal To End Data Breach Suit
• SEC Fines Adviser $950K Over Ryder Buyout Disclosures
• DOJ Worried Binance Founder's Travel May 'Become An Issue'
• NerdWallet, Syracuse Hit With 'Fraudulent' Bankruptcy Cases
• States, Scholars Back Ex-NY Official In NRA Free Speech Suit
• Ind. Man Found Guilty In Houston For Role In $7M Scam
• 8 Banks Targeted In ATM Patent Campaign
• Employers, Prep For Shorter Stock Awards Settlement Cycle
• JPMorgan's Arbitration Fee Delay Trims Wage Suit
• Catching Up With Delaware's Chancery Court
• Former FDIC Counsel Rejoins Cadwalader In NY
• Justices Won't Review Ex-Merrill Lynch Traders' Fraud Case
• New FinCEN Guide Provides Useful BOI Context For Banks
• Trump's Former Finance Chief Pleads Guilty To Perjury
• 2nd Circ. Won't Revive Ex-Barclays Exec's Whistleblower Suit
• Pepsi, Kraft And GE Can't Block DEI, Enviro Proxy Proposals
• BofA Trims Zelle Fraud Victims' Suit For Good On 3rd Try
• DC Circ. Revives BuzzFeed's Bid For HSBC Laundering Report
• Judge Doubts Drowsy Juror, Mask Rules Warrant New VC Trial
• Off The Bench: NCAA Loses On NIL, DC Wins With Stadium
• Colo. Real Estate Brokerage Settles Data Breach Class Claims
• How Firms Can Ensure Associate Gender Parity Lasts
• Regulatory Trends Offer 4 Lessons For Debt Relief Providers