/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2025 ¼«ËÙÈü³µ. en-US Mon, 16 Jun 2025 22:30:41 +0000 /banking/articles/2353954?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353954 Payment processing company Paddle.com Market Ltd. agreed on Monday to pay $5 million to settle a suit brought by the Federal Trade Commission accusing it of assisting and processing payments for tech support scams. Mon, 16 Jun 2025 21:44:23 +0000 /banking/articles/2353986?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353986 Two banking industry groups received a North Dakota federal judge's permission Monday to present the perspective of banks when he holds a key hearing next month to mull a retailer-backed legal challenge to the Federal Reserve's limits on debit-card swipe fees. Mon, 16 Jun 2025 21:31:25 +0000 /banking/articles/2353960?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353960 A California federal judge has rejected three bids to dismiss a proposed shareholder class action against Silicon Valley Bank's brass, underwriters and auditor stemming from the bank's 2023 failure, finding the plaintiffs' "well-pleaded" allegations can continue. Mon, 16 Jun 2025 19:34:01 +0000 /banking/articles/2353821?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353821 A Brooklyn federal judge on Monday set a fall trial date for a former top aide to two New York governors over allegations that she secretly acted as an agent of China's government in the U.S., while prosecutors intend to bring new charges within weeks. Mon, 16 Jun 2025 19:15:04 +0000 /banking/articles/2353761?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353761 Trump Media and Technology Group Corp., the owner of President Donald Trump's platform Truth Social, on Monday said it filed paperwork to launch an exchange-traded fund that will invest in bitcoin and ethereum, marking its latest push into digital assets. Mon, 16 Jun 2025 18:49:53 +0000 /banking/articles/2353956?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353956 Real estate firm Opendoor Technologies Inc. has agreed to pay $39 million as part of an investor settlement presented to an Arizona federal court for preliminary approval to resolve litigation accusing the company of overhyping its pricing algorithm software. Mon, 16 Jun 2025 17:12:26 +0000 /banking/articles/2353938?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353938 A Houston judge has given prosecutors until the end of the month to address whether they should provide U.S. Rep. Henry Cuellar with certain grand jury materials connected to his bribery case. Mon, 16 Jun 2025 17:12:25 +0000 /banking/articles/2353742?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353742 A California federal judge has tossed a proposed class action claiming JPMorgan Chase & Co. misused 401(k) plan forfeitures to cover its contributions, noting dismissals from other federal courts on similar claims challenging how employers have used the unvested funds. Mon, 16 Jun 2025 17:09:10 +0000 /banking/articles/2353477?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353477 Recent efforts in Congress toward an updated regulatory framework for digital assets have led to two bills — the GENIUS Act and the CLARITY Act — that represent the most consequential legislative developments yet in the push for coherent, pro-innovation, reliable regulation for the industry, but both face multiple hurdles, says Mike Katz at Manatt. Mon, 16 Jun 2025 16:27:30 +0000 /banking/articles/2353685?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353685 Qatar National Bank is urging a D.C. federal court to enforce a $1 billion arbitration award issued against the Republic of South Sudan after the country defaulted on a $700 million loan agreement from the country's civil war-era. Mon, 16 Jun 2025 16:10:09 +0000 /banking/articles/2352907?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2352907 In recent decades, shareholders have challenged the internal affairs doctrine by bringing a series of derivative actions in New York state court on behalf of foreign corporations, but the New York Court of Appeals' recent rulings in Ezrasons v. Rudd and Haussmann v. Baumann should slow that trend, say attorneys at Cleary. Mon, 16 Jun 2025 15:46:09 +0000 /banking/articles/2352202?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2352202 Even though the Federal Trade Commission has delayed its click-to-cancel rule that introduces strict protocols for auto-renewing subscriptions, businesses should expect active enforcement of the new requirements after July, and look to the FTC's recent lawsuits against Uber and Cleo AI as warnings, say attorneys at Holland & Knight. Mon, 16 Jun 2025 10:10:11 +0000 /banking/articles/2352423?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2352423 The U.S. Supreme Court on Monday declined to take up an appeal that asked if it is proper for courts to adopt state statutes of limitations in trademark disputes to determine whether a party took too long to sue. Mon, 16 Jun 2025 09:51:50 +0000 /banking/articles/2351848?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2351848 The U.S. Supreme Court on Monday refused to reconsider its April decision not to hear Trading Technologies' appeal seeking to boost its $6.6 million trading patent win after the company claimed new developments and patent eligibility legislation warranted taking the case. Fri, 13 Jun 2025 23:21:26 +0000 /banking/articles/2353397?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353397 Financial industry groups are lining up behind the Consumer Financial Protection Bureau's push to scrap a trio of Biden-era policies that they say overexpanded its supervisory and enforcement toolkit, urging on the agency's newfound deregulatory zeal. Fri, 13 Jun 2025 21:03:42 +0000 /banking/articles/2353305?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353305 A venture-backed cancer diagnostics firm and a home insurer are preparing two initial public offerings that could raise $720 million combined next week, joining an energized IPO market following fintech startup Chime Financial Inc.'s debut. Fri, 13 Jun 2025 20:00:04 +0000 /banking/articles/2353507?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353507 Quinn Emanuel Urquhart & Sullivan LLP has withdrawn as counsel for the founder of Binance amid an $8.1 million lawsuit against him, telling a Massachusetts federal judge that the former cryptocurrency exchange executive has breached an agreement with the law firm and moved for arbitration against it. Fri, 13 Jun 2025 19:43:38 +0000 /banking/articles/2352758?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2352758 Liquidators seeking to establish control over a PetroSaudi unit that won a $380 million arbitral award asked a California federal judge to let them join U.S. Justice Department litigation targeting the award over ties to funds embezzled from a Malaysian sovereign wealth fund. Fri, 13 Jun 2025 19:06:41 +0000 /banking/articles/2353425?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2353425 A Georgia-based bank agreed to settle a proposed class action claiming it unlawfully forced former workers out of its employee stock ownership plan, preventing them from receiving their share of a $23.3 million dividend on company stock, according to a filing Friday in federal court. Fri, 13 Jun 2025 19:00:30 +0000 /banking/articles/2349545?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2349545 To get around bans in North Carolina and many other states, debt relief companies set up facade law firms — companies that are law firms in name only, with a tiny number of lawyers nominally serving thousands of clients, consumer advocates and regulators say.