Banking Archive » September, 2024

Banking - September, 2024

270 articles

• AI Safety Bill Veto Shows Calif. Taking Regulatory 'Baby Steps'
• 9th Circ. Partly Revives Crypto Investor's Suit Against AT&T
• Zelle Fraud Victims Fight Uphill To Save Contract Breach Suit
• MoneyGram Beats Investor Suit Over Anti-Fraud Compliance
• TD Securities To Pay $28M In Treasuries Spoofing Settlements
• Bristol-Myers Beats Celgene Investors' Drug Delay Suit
• Big Banks Get Brazilian Pollution Suit Booted From NY
• Chancery Sidelines Squarespace Merger Doc Suit For Now
• In The CFPB Playbook: No Lazy, Hazy Days Of Summer
• Payward And The Secondary Crypto Transaction Confusion
• Ropes & Gray, Kirkland Guide PE-Backed Education Co.'s IPO
• Leon Black Can't Duck Sex Assault Suit Or Sanction Wigdor
• Schwab Nears Deal In Antitrust Suit Over TD Ameritrade Buy
• AI May Limit Key Learning Opportunities For Young Attorneys
• A Class Action Trend Tests Limit Of Courts' Equity Powers
• Bread's Banks Fork Over $2M To FDIC Over Rewards Issue
• SEC Drops Case Against Marcum CPA After High Court Ruling
• SEC Fines Firms, Sues Ex-Reps' Over Cherry-Picking Scheme
• Banks Beat Credit Line Disclosure Suit After CFPB Weighs In
• Apple, Visa And Mastercard Want Out Of 'Tap Pay' Fee Suit
• Constitution Permits Blocked Anti-Laundering Law, Panel Told
• Puerto Rico Utility Creditors Seek OK For Bond Claims Suit
• Life Sciences Firms Energize IPO Market As Recovery Builds
• Polsinelli Adds Debt Finance Shareholder In Denver
• Insurer Says No Coverage For Conn. Firm's Data Breach
• Key Takeaways From DOJ's New Corp. Compliance Guidance
• Womble Bond Adds Holland & Knight Business Litigator
• TelexFree Victims Say Payment Processor Lost Key Emails
• The Key Changes In Revised FDIC Hiring Regulations
• UK Litigation Roundup: Here's What You Missed In London
• FDIC's Cautious Approach To Industrial Banks, Reaffirmed
• Legal Pros Grapple With Best Use Of AI As Clients Divide
• Sen. Warren Presses OCC, Fed For Tighter Leash On NYCB
• FinCEN Withdraws Plan To Bar Now-Defunct Latvian Bank
• 5th Circ. Dusts Off FDIC Challenge In Jarkesy's Wake
• Visa Case Continues Antitrust Focus On 'Middlemen'
• 4th Circ. Judge Thrashes Vets' Argument In Citibank Fee Suit
• Investor Ordered To Deposit $336K In Pot Co. Contract Suit
• 4th Circ. Hints Rocket Mortgage Class Cert. Is On Shaky Ground
• Qualcomm Eyes Massive Buyout Of Intel, Plus Other Rumors
• NY Appeals Court Casts Doubt On $489M Trump Judgment
• Basel Endgame Rules: A Change Is Coming
• 3 Firms Rep As Citi, Apollo Form $25B Private Credit Program
• SEC Fines Alphabet, Others Over Stock Ownership Reports
• In-House Counsel To Play Central Role At AI Cos., VCs Say
• 8th Circ. Told Student Debt Relief Should Remain Blocked
• Basel Edits 'Encouraging' But Incomplete, Republicans Say
• Feds Urge Judge Not To Ax Novel Insider Trading Conviction
• CFPB Gets Partial Win Over Debt Collector's Property Transfer
• 3 NJ Attys Charged With Bank Fraud In Short-Sale Scheme
• Silvergate Can't Block Activist Investor From Board In Ch. 11
• Accountant Used Fake Tax Docs For Mortgage, Feds Say
• Merrill, Harvest To Pay SEC $9.3M For Ignoring Clients' Limits
• Julie Chrisley Gets No Slack In Resentencing From Ga. Judge
• 4 Takeaways From The FDIC's Proposed Recordkeeping Rule
• Round-Canopy Parachuting Makes Me A Better Lawyer
• Bank Regulators, SEC Face GOP Inquiry Over Crypto Bulletin
• 'Be Careful What You Wish For' Post-Jarkesy, SEC Atty Says
• 3 Takeaways From Gensler's Big Day Before The House
• Invitation Homes Agrees To $48M Settlement With FTC
• Feds Say BitMEX Should Owe $428M For Flouting AML Rules
• Star Witness Against Bankman-Fried Gets 2 Years In FTX Case
• Baker Donelson Adds Financial Services Expert In DC
• DOJ Accuses Visa Of Monopolizing Debit Card Market
• Why Now Is The Time For Law Firms To Hire Lateral Partners
• SEC, CFTC Issue $118M Fines In Latest Text Message Actions
• Credit Suisse Can't Ditch Investor Fraud Suit, But PwC Can
• Ex-Adviser Can't Seek Due Process Update, Justices Told
• Court Sinks Antitrust Claims Against Suns Owner
• DOJ Adds AI Risk To Corporate Compliance Program
• PNC, Plaid End Legal Battle With Customer Data-Sharing Deal
• Holland & Knight Adds Former Treasury Adviser In DC
• Considering Possible PR Risks Of Certain Legal Tactics
• Autism Played Role In Bankman-Fried Case, 2nd Circ. Told
• Julie Chrisley Fights For Sentence Cut After 11th Circ. Ruling
• IMF Promotes Deputy General Counsel To Top Job
• 3rd Circ. CFPB Ruling Threatens Securitization, Justices Told
• CFPB Pitches Remittance Rule Tweak For Consumer Inquiries
• SEC Fines Investment Adviser $750K For Cherry-Picking
• States Tell 10th Circ. To Back Colo. Interest Rate Opt-Out Law
• BofA, Consumers Ink Deal To End COVID Card Fraud Claims
• Fed's Surprise Rate Cut Gives M&A Markets Needed Relief
• JPMorgan Chase Sued Again Over Cash 'Sweep' Program
• BNP Paribas Plugging $5B Into Apollo-Backed Atlas
• 2 SEC Commissioners Object To Whistleblower Award Secrecy
• Integrating ESG Into Risk Management Programs
• Silvergate Wants Activist Investor's Board Seat Play Blocked
• How Increased Sanctions Scrutiny Is Affecting Debt Markets
• Morgan Lewis Hires Sidley Structured Transactions Partner
• Chevron's Demise May Not Bring Deluge Courts Had Feared
• What The SEC Liquidity Risk Management Amendments Entail
• It's No Longer Enough For Firms To Be Trusted Advisers
• Avoid Getting Burned By Agencies' Solar Financing Spotlight
• UK Litigation Roundup: Here's What You Missed In London
• Wells Fargo Judge Says NDA Isn't A 'Gag' In Loan Bias Case
• Dems Seek School Lunch 'Junk Fee' Ban After CFPB Report
• Bank Raises Contract Shield In E-Merchants' $12M Suit
• CFPB's Chopra Sounds Alarm On Home Insurance 'Crisis'
• Mich. Atty Gets 1 Year For Inflating Apartment Values
• Potomac Law Group Adds Morgan Lewis Partner
• Convicted Drexel Professor Won't Get New Tax Evasion Trial
• 'Biblical Values' Firm To Pay $300K For Misleading Investors
• Calif. Says FDIC's $20M Tax Refund Bid Must Wait
• Puerto Rico, Navient Ink $7.7M Student Loan Forgiveness Deal
• Macquarie Unit To Pay $80M To End SEC's Overvaluation Claims
• Calif. Bill, NTIA Report Illustrate Open-Model AI Safety Debate
• Halted DOL Fiduciary Regs Could Open Lane For SEC Action
• No Coverage For Santander Shareholder Suit, Allianz Says
• 11th Circ. Asked To Revisit Coverage Ruling Over Comma
• CFPB Says Fintech's Funding Challenge 'Misconstrues' Law
• DuPont Heirs Beat ERISA Suit Over 1947 Trust At 3rd Circ.
• PureCycle Investors Seek Final OK Of $12M Settlement
• Split 5th Circ. Upholds Oxy's $38M Win Over Wells Fargo Bank
• Judge Wary Of 'Political Quagmire' In $1.1B Ukraine Bank Suit
• First Horizon To Pay SEC $325K Over Reg BI Violations
• Colo. Urges 10th Circ. To Restore Interest Rate Opt-Out Law
• SEC Must Clarify Murky Crypto Rules, Ex-Officials Tell House
• FTX Auditor Prager Metis Settles SEC Charges For Negligence
• Loper Bright Undercuts SEC Climate Rule, Fracking Cos. Say
• Fed's Powell Sees Final Basel Rule Less Than 1 Year Away
• Staffing Co. Ex-CEO Gets Prison Time For $6M Billing Scheme
• Convicted Pastor, An NYC Mayor Ally, Denied Bail For Appeal
• SEC's Equity Trading Reforms Allow Half-Penny Stock Pricing
• Sidley Can't Escape Malpractice Suit In Ga. Over Tax Scheme
• 7 Takeaways For Investment Advisers From FinCEN AML Rule
• GameStop CEO Pays $1M For Failure To Flag Bank Stock Buy
• Federal Judge Won't Abstain From Pot Payment Co. Dispute
• NJ Bank Agrees To $14M Subsidy Fund In DOJ Redlining Deal
• Silvergate Bank Parent Co. Files Ch. 11, Plans Liquidation
• Danske Bank Ends French AML Probe With $7M Settlement
• CFPB Warns Banks On ATM Overdraft Fees Without Consent
• FDIC, OCC Cement New Bank-Merger Policy Guidelines
• FDIC Proposes Rule On Bank-Fintech Partnership Risks
• FCA Cash Access Rules For Banks Bite Early
• US Sanctions Georgians Engaged In Anti-Democratic Violence
• Mitigating Risk In Net Asset Value Facility Bankruptcies
• A Fuzzy Label With Bite: FTC Must Define Surveillance Pricing
• Brooklyn Feds Unveil Whistleblower Nonprosecution Plan
• McGuireWoods Finance Pro Jumps To Troutman Pepper
• GC Base Salaries At Big Companies On The Rise
• SEC Fines 12 Muni Advisers $1.3M In Texting Probe Actions
• Chrisley Sentence Should Stick Despite 11th Circ., Feds Argue
• Competitiveness Outranks Climate In New EU Commission
• TLT Hires Banking Specialist From Squire Patton
• Former PNC Bank Atty Joins McNees Wallace In Pittsburgh
• First Financial Finds New GC In MidFirst Bank Deputy
• Top UK Banks Push Payments Infrastructure Reform Plan
• Swiss Seize $15M From Bank For 'Serious' Market Violations
• Colony Ridge Mortgage Co. Free Of Lending Suit, For Now
• Film Producer, Accountant Hid $25M From IRS, DOJ Alleges
• Missouri Injunction A Setback For State Anti-ESG Rules
• Banking Pro Returns To Sullivan & Cromwell
• Milbank Taps SEC Chief Litigation Counsel As DC Partner
• DLA Guides Software Biz Netcall On €8.7M Acquisition
• French EU Commissioner Quits In Dispute With Von Der Leyen
• UK Banks Push BoE To Collaborate On Payments Innovation
• Seladore Opens Milan Office Led By BonelliErede Hire
• White & Case-Led Fund Manager To Buy Citi Trust For £80M
• IRS Cancels Hearing On 'Basket Contract' Transactions Rule
• UniCredit Launches €1.7B Share Buyback After Profit Gains
• The 2024 Regional Powerhouses
• Cannabis Co. Nabs $150M '1st-Of-Its-Kind' Credit Facility
• Wells Fargo Unit To Pay $3M Over Unsuitable Trading Claims
• Bankman-Fried Lays Blame On Trial Judge In 2nd Circ. Appeal
• 3 Patent Considerations For America's New Quantum Hub
• Trio Of BigLaw Mergers Expected To Drive More Deal Talks
• Mortgage Co. CEO Gets 11 Years In Prison For Ponzi Scams
• Swiss Banks Want Sanctions Review Amid Geopolitical Risk
• Ex-DOJ Deputy In TikTok, Twitter Cases Joins Mayer Brown
• High Court Sanctions £2.2B Deal For Network International
• EU Finance Ministers Boycott Hungary Meeting Over Russia
• UK Litigation Roundup: Here's What You Missed In London
• Freeths Hires McNulty As Pensions Director In London
• UK Consumer Credit Firms Face New Reporting Requirements
• Retraining Offer No Reason For NCA Investigator To Quit
• 8th Circ. Nixes $563M Verdict Against BMO Harris Over Ponzi
• Wells Fargo Ordered To Overhaul Sanctions, AML Compliance
• Navigating A Potpourri Of Possible Transparency Act Pitfalls
• Del. Justices Uphold Chancery Toss Of $1.2B NCino Deal Suit
• Corp. Disclosure Law Kills Community Boards, Nonprofits Say
• US Sanctions Cambodian Tycoon For Forced Labor Scam
• A Preview Of AI Priorities Under The Next President
• AGs Ask 2nd Circ. To Revive Their SALT Cap Workaround Suit
• Quinn Emanuel, Cohen Milstein Get $102M In Stock Loan Case
• Employment Firm GQ Littler Hires Pro From Baker McKenzie
• BNP Paribas Attempts To Prune London Banker's Claim
• UK Watchdog Waters Down New Capital Rules For Banks
• Mastercard To Buy Recorded Future Security Co. For $2.65B
• Navient Agrees To Pay $120M To End CFPB Student Loan Case
• Canada's Laurentian Bank Changes Legal Leadership
• Austrian Bank Can't Recover Licence Axed Over AML Controls
• Litigation Spending To Rise As Cases Grow More Aggressive
• Philly Loan Biz Brothers Admit To $100M Investment Scam
• Atlanta Fed Chief Violated Trading Blackout Rule, OIG Says
• How Companies Are Approaching Insider Trading Policies
• Department Of Homeland Security's Top Lawyer Steps Down
• Proskauer Lands Fried Frank's Arbitration Head In London
• EU Court Upholds Sanctions On Russian Clearinghouse
• Star Witness In Bankman-Fried Trial Seeks No Prison Time
• TD Bank To Pay $28M Over Consumer Reporting Failings
• Watchdog Warns Small Banks To Improve Lending Controls
• Solaris Sues Binance For €144M After Debit Card Deal Axed
• Oligarchs Fridman, Aven Fail To Ax Sanctions Reporting Rules
• Jones Day Litigators Jump To Holland & Knight In Mexico City
• Missouri Man Gets 3 Years In Prison For Fraud, Tax Crimes
• Fed Official Previews 'Broad' Changes To Bank Capital Plans
• What To Know About CFPB Stance On Confidentiality Terms
• Natixis Worker Class Headed To Trial In 401(k) Suit
• Fannie Says Pa. Landlords Owe $60M For 7 Apt. Buildings
• Holland & Knight Grows In DC With Ex-IDB Invest Counsel
• Ex-Barclays VP Loses Bid To Retry Lost Promotion Claim
• Paul Hastings Taps Capital Markets Pro From Davis Polk
• Yodlee Privacy Class Cert. Bid Faces Uphill Climb
• Ex-Lender Says FDIC Can't 'Ignore' Key High Court Precedents
• FCC Is Asked To Allow Bonds As Backup For Funding Awards
• SEC Fines 7 Companies $3M Over Whistleblower Violations
• Conn. Bank Hit With Class Claims Over Overdraft Fees
• Ally Bank Hit With Negligence Suit Over Data Breach
• How Methods Are Evolving In Textualist Interpretations
• Catching Up With Delaware's Chancery Court
• Fried Frank Finance Leader Joins Skadden In New York
• Calif. Takes AI Reins With Looming Safety, Transparency Laws
• Fed's Barr To Give Sneak Peek Of Revised Basel III Plan
• 11th Circ. Orders New Look At Penalty In SEC Loan Fraud Suit
• DOT Probe Of Airlines' Rewards Spells Fresh Headaches
• CFPB's Zelle Scrutiny Leaves Banks Guessing On Next Moves
• Military Borrowers Get Initial Nod On $64M USAA Settlement
• What's Next For Federal Preemption In Financial Services
• Morgan Stanley Fined $2M Over First Republic Exec's Trades
• Atty Loses Bid To Revive NJ Malpratice Suit Against 2 Firms
• Glioblastoma Org. Wants End To Rival's Use Of 'GBM'
• Menendez Ally Admits To Bank Fraud After Bribery Conviction
• CFTC Says Ex-Commish's Signature Was Forged For $1.5M Scam
• Unconstitutionality Of Transparency Act Clear, 11th Circ. Told
• KC Chiefs 'Superfan' Gets 17.5 Years For Robberies
• Texas Bank Ordered To Boost AML Compliance For Crypto Biz
• 7th Circ. Doubts JPMorgan Traders' Spoofing Appeal
• CFPB Flags Rental Price-Fixing As Among FDCPA Concerns
• 2nd Circ. Chilly To Mortgage-Backed Securities ERISA Suit
• Unpacking Jurisdiction Issues In 3rd Circ. Arbitration Ruling
• Why Attorneys Should Consider Community Leadership Roles
• 'Pig Butchering': The Scam That Exploits Crypto Confusion
• Ex-Discover Financial Exec Claims Bias Over Equity Clawback
• FINRA Beats Post-Jarkesy Challenge To Enforcement Powers
• UBS Financial Gets Wrapped Up In Cash Sweep Class Action
• Dynapass Drops Patent Suit Against Bank Of America
• Atty Tied To Ponzi Scheme Can't Discharge CFTC Debt
• SEC Says $5M Fraud Scheme Targeted Venezuelan-Americans
• Judge Says EB-5 Investors, Fund Must Disclose More Info
• Agencies Should Reward Corporate Cyber Victim Cooperation
• Ex-Lender Says FDIC Can't 'Trap' Him In Dispute Without Trial
• Fintech Investor Tries To Undo 'Formulistic' Nix Of NCino Suit
• FINRA Fines Broker-Dealer $900K Over Lax AML Compliance
• 9 Liability Management Tips As Debt Maturity Cliff Looms
• How Transaction Lookbacks Can Guide Fintech Companies
• Firms Must Offer A Trifecta Of Services In Post-Chevron World
• WDTX Judge Agrees To Ship Apple E-Wallet Patent Case To Calif.
• 8th Circ. Again Scraps Class Cert. For TD Ameritrade Clients
• Feds Abandon $12M Somali Fraud Case Against Atty
• PE Firm Investors Say False SEC Filings Caused Big Losses
• 5th Circ. Hesitant To Call Tornado Cash 'Entity'
• SEC Fines 6 Credit Rating Firms $49M Over Texting Records
• A Day In The In-House Life
• A Day In The In-House Life: Narmi GC Talks Peak Productivity
• CFPB's AI Stance Backslides On Innovation Issues
• Kirkland Brings On Ex-Goldman Sachs Debt Finance Pro In NY
• Justices Urged To Revive Movie Site TM Suit Against BofA
• Catching Up With Delaware's Chancery Court
• 5 Tips To Succeed In A Master Of Laws Program And Beyond
• Former Aide To NY Gov. Indicted On Foreign Agent Charges