/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2025 sa国际传媒. en-US Fri, 15 Aug 2025 23:01:49 +0000 /banking/articles/2375631?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2375631 Acting U.S. Patent and Trademark Office Director Coke Morgan Stewart denied numerous petitions challenging patents on discretionary grounds this week, while referring a smaller number of cases to the Patent Trial and Appeal Board. Fri, 15 Aug 2025 21:59:20 +0000 /banking/articles/2377646?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377646 The Charles Schwab Corp. has pushed back on objections raised by the Iowa attorney general and others to an investor class action settlement over its merger with TD Ameritrade, saying its plan聽to implement an antitrust compliance program, among other things, "offers real value to the class."聽 Fri, 15 Aug 2025 21:44:08 +0000 /banking/articles/2377167?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377167 A marijuana industry-focused law firm must pay its bank nearly $373,000, a deficit sustained after a Nigerian scammer tricked the firm into cashing fraudulent Canadian checks, a Michigan appeals court ruled, rejecting arguments that the bank had a duty to protect the firm "from its own mistakes." Fri, 15 Aug 2025 20:24:56 +0000 /banking/articles/2377781?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377781 The Federal Reserve Board on Friday announced the end of a Biden-era supervisory program that specifically oversaw banks' crypto and fintech activities, a move that comes after Wall Street trade groups argued that the program unfairly subjected banks to a higher level of scrutiny for their use of novel tech. Fri, 15 Aug 2025 18:27:54 +0000 /banking/articles/2377641?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377641 The former head of U.S. Bank's artificial intelligence efforts has sued the bank, arguing he was subjected to a biased investigation, replaced by less-qualified white employees and had a new job offer rescinded after defamatory statements by bank employees, in retaliation for reporting race and religion discrimination. Fri, 15 Aug 2025 17:57:10 +0000 /banking/articles/2377686?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377686 A Massachusetts nonprofit will pay $1 million to settle allegations it violated the False Claims Act by securing a pandemic relief loan that it was never eligible for and was later forgiven, federal prosecutors said Friday. Fri, 15 Aug 2025 16:14:33 +0000 /banking/articles/2373642?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2373642 Even with the Financial Crimes Enforcement Network's statement last month delaying the compliance date for a rule requiring advisers to report suspicious activity, advisers can expect some level of U.S. Securities and Exchange Commission oversight in connection with anti-money laundering compliance, say attorneys at Simpson Thacher. Fri, 15 Aug 2025 15:02:12 +0000 /banking/articles/2375693?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2375693 Amid salacious headlines about lawyers behaving badly and recent polls showing the public鈥檚 increasingly unfavorable view of attorneys, we must make meaningful changes to our culture to rebuild trust in the legal system, says Carl Taylor at Carl Taylor Law. Fri, 15 Aug 2025 14:02:47 +0000 /banking/articles/2360077?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2360077 Ana M. Gonz谩lez P茅rez of Sullivan & Cromwell LLP helped steer Credit Suisse through its merger and integration with UBS and co-negotiated investment terms that pulled a struggling New York Community Bancorp back from the brink, earning her a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars. Fri, 15 Aug 2025 13:24:08 +0000 /banking/articles/2377535?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377535 This past week in London has seen Transport for London hit with a procurement claim by the operator of Oyster card, while Mastercard and Visa face claims from the Rocco Forte Hotel Group, and Liverpool Football Club lobbed a claim against a security company. Fri, 15 Aug 2025 12:26:59 +0000 /banking/articles/2343481?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2343481 A D.C. Circuit panel on Friday tentatively cleared President Donald Trump's administration to carry out mass layoffs at the Consumer Financial Protection Bureau, rejecting a lower-court hold on those efforts but giving time for groups representing consumers and agency workers to request an appeal. Thu, 14 Aug 2025 23:24:52 +0000 /banking/articles/2376963?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2376963 Bank trade groups are asking a Kentucky federal judge to freeze looming compliance deadlines for the Consumer Financial Protection Bureau's contested open banking rule as the agency revamps the measure, while opposing fintech groups called on the White House to block banks from charging them fees for the kind of data-sharing the rule mandates. Thu, 14 Aug 2025 23:16:46 +0000 /banking/articles/2377448?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377448 Ira Schacter, a senior partner at Cadwalader Wickersham & Taft LLP, is leaving the firm after 40 years to lead a new section of newly merged McDermott Will & Schulte's transactions practice that will counsel clients where private equity, insurance and financial services matters meet, McDermott confirmed Thursday. Thu, 14 Aug 2025 22:49:36 +0000 /banking/articles/2377463?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377463 Crypto conglomerate Digital Currency Group Inc. on Thursday urged a New York bankruptcy judge to declare it has no further obligations under a $1.1 billion promissory note meant to "backstop" its bankrupt subsidiary, crypto lender Genesis, after rising crypto prices allegedly offset the loss the note intended to cover. Thu, 14 Aug 2025 22:21:57 +0000 /banking/articles/2377288?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377288 The Second Circuit on Thursday affirmed the convictions of two men involved in a major ATM card-skimming ring, but said a district court should clarify one defendant's restitution payment schedule. Thu, 14 Aug 2025 21:56:54 +0000 /banking/articles/2377378?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377378 Truist Financial Corp. has settled a proposed class action accusing the company of embedding third-party trackers on its website for companies like Meta and Google to use to monetize user data through advertising, according to a joint settlement notice filed Thursday in California federal court. Thu, 14 Aug 2025 21:34:30 +0000 /banking/articles/2377309?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377309 United Services Automobile Association urged the Federal Circuit to revisit its decisions that neutralized jury verdicts against PNC Bank totaling nearly $223 million, saying Thursday that the appeals court defied U.S. Supreme Court precedent on patent eligibility by deeming USAA's mobile check deposit patents invalid. Thu, 14 Aug 2025 21:06:23 +0000 /banking/articles/2376741?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2376741 A New York federal court has declined to toss a U.S. Department of Justice suit looking to seize $3.4 million from a Wells Fargo account tied to the sale of a California music studio purportedly offloaded to benefit a sanctioned Russian oligarch. Thu, 14 Aug 2025 20:16:19 +0000 /banking/articles/2377154?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377154 A mortgage lender said it is owed $540,000 from a title insurer after a borrower filed a complaint with the North Carolina Department of Justice about fraudulent activity related to his loan, telling a federal court the insurer shirked its obligations under the policy and related coverage documents. Thu, 14 Aug 2025 20:09:42 +0000 /banking/articles/2377127?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2377127 PNC Bank has sued a New York man and his eight companies, alleging they owe the bank $27.3 million after executing a massive check-kiting scheme against the bank over a recent 12-day period.