Seventh Circuit upholds FDIC’s in-house enforcement process
In a unanimous decision, a Seventh Circuit panel ruled that the FDIC did not violate the Seventh Amendment by adjudicating...
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Tenth Circuit affirms dismissal of APA challenge to SEC enforcement action
A unanimous Tenth Circuit panel affirmed the dismissal of a lawsuit challenging the SEC’s enforcement of federal anti-money laundering reporting...
Second Circuit rules AP7 has prudential standing to pursue Signature Bank securities claims
In a unanimous decision, a Second Circuit panel vacated a New York federal court decision ruling that Sjunde AP-Fonden (AP7)...
Nine states sue OCC over escrow powers and preemption rules
Nine states sued the OCC, alleging it exceeded its authority and violated the APA by issuing its Escrow Powers and...
Eastern District of Michigan dismisses $2 million wire fraud suit against Fifth Third Bank
The court refused to hold Fifth Third Bank liable for the wire fraud because Hegira could not identify any agreed-upon...
Ninth Circuit rules fixed dividend rate can serve as LIBOR Act benchmark replacement
The Ninth Circuit reversed and remanded, ruling that the LIBOR Act does not require a floating replacement rate and permits...
ABA files amicus brief urging Illinois supreme court to adopt no-duty rule for bank noncustomers
ABA filed a coalition amicus brief urging the Supreme Court of Illinois to reverse an Illinois appellate court ruling that...
ABA files amicus brief urging Second Circuit to hold New York paper statement fee law preempted by National Bank Act
ABA filed a coalition amicus brief urging the Second Circuit to hold that the NBA preempts Section 399-zzz.
Recent news from Treasury’s Office of Foreign Assets Control and the Department of State: Aug. 31
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control and the State Department.
Recent news from Treasury’s Office of Foreign Assets Control and the Department of State: Aug. 24
News items that are the most recent sanctions-related actions from the Office of Foreign Assets Control and the Department of...
