News and Events for Attorneys and Executives

Banking & Finance

Andrew Hartnett Joins Greensfelder Securities & Financial Services Industry Group

News
Andrew M. Hartnett, who most recently served as Commissioner of Securities for former Missouri Secretary of State Jason Kander, joins Greensfelder as an officer. He also has served in a leadership role with the North American Securities Administrators Association.

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Reduce Risk in Finance, Contract & Employment Law: ACC Mid-Year Meeting

Reduce Risk in Finance, Contract & Employment Law: ACC Mid-Year Meeting

Event, April 2-4, New York City
The Association of Corporate Counsel, the world’s largest community of in-house counsel, will stage the ACC Mid-Year Meeting in New York on April 2-4, 2017.

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Transcript Available: Former SEC Chair White Speaks at Securities Regulation Institute

Transcript Available: Former SEC Chair White Speaks at Securities Regulation Institute

Insight
A free transcript of former SEC Chair Mary Jo White’s speech at Northwestern University Pritzker School of Law’s 44th Annual Securities Regulation Institute is available.

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Online Lenders Seeking to Boost Their Influence Under Trump

Online Lenders Seeking to Boost Their Influence Under Trump

News
Online lending companies are seeking to exert more influence in Washington under President-elect Donald Trump and a Republican-controlled Congress, reports Bloomberg.

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Equifax and TransUnion Fined $23 Million for Misrepresenting Credit Products

Equifax and TransUnion Fined $23 Million for Misrepresenting Credit Products

News
Some of the companies’ products offered as free, or as costing $1, in fact incurred monthly charges adding up to almost $200 a year, the CFPB claimed.

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Judge Nixes $360-An-Hour Fees For ‘Associates’ Who Looked More Like Temps

News
The fee order provides evidence at least some judges are starting to figure out the economics of the class-action business, reports Forbes.

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GOP Banking Chair: Dodd-Frank Dismantling is First-Year Priority for Trump

GOP Banking Chair: Dodd-Frank Dismantling is First-Year Priority for Trump

News
Dismantling President Obama’s financial reform law is not a priority for President-elect Trump’s first 100 days, the author of GOP legislation to undo the law said Thursday, but it is a task for Trump’s first year, reports The Washington Examiner.

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For Trump Tax Cuts, Pay Legal and Other Bills In 2016

For Trump Tax Cuts, Pay Legal and Other Bills In 2016

News
Trump’s plans make paying expenses in 2016 especially attractive if you can deduct them. The deductions may be worth a lot less in 2017, writes Robert W. Wood for Forbes

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Platinum Hedge Fund Executives Charged With $1 Billion Fraud

Platinum Hedge Fund Executives Charged With $1 Billion Fraud

News
The New York Times reports that federal agents arrested Mark Nordlicht, a founder and the chief investment officer of Platinum, and six others on charges related to an alleged $1 billion fraud.

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Whistle-Blowers Spur Companies to Change Their Ways

Whistle-Blowers Spur Companies to Change Their Ways

News
A study of companies subjected to whistle-blowing underscores the notion that insiders are best positioned to monitor companies’ financial reporting, according to a report The New York Times.

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New Research Reveals: Phishers Launch a New Attack Every 30 Seconds

New Research Reveals: Phishers Launch a New Attack Every 30 Seconds

Insight
The total cost to global organizations from phishing is $9.1 billion, according to a report by RSA.

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Supreme Court Case Has Bankruptcy World on Edge

Supreme Court Case Has Bankruptcy World on Edge

News
A decision could affect how much power bankruptcy courts have to approve settlements that do not follow the conventional order of creditor priority and potentially block some parties, reports The New York Times.

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Former U.S. Attorney Debra Wong Yang Being Considered to Lead SEC

News
Debra Wong Yang, who was the top federal prosecutor in the central district of California from 2002 to 2006, met with President-Elect Donald Trump on Monday, reports The Wall Street Journal

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Wells Fargo Killing Sham Account Suits by Using Arbitration

News
Customers argue that they couldn’t have agreed to arbitration, considering they didn’t sign up for the accounts in the first place. The bank counters that the agreements in the customers’ original contracts also cover the disputed accounts.

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Why the Fed Is About to Raise Interest Rates

Why the Fed Is About to Raise Interest Rates

News
The New York Times authors discuss life in a low-interest world and explain that the Fed is wrestling with three big, intertwined questions: How many people want jobs? How low are interest rates? And what damage is done by doing nothing?

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Post-Election Rally Profits Morgan Stanley GC, Execs

Post-Election Rally Profits Morgan Stanley GC, Execs

News
Reuters is reporting that most of the executives’ profits came from an election-fueled rally in bank stocks, according to securities filings.

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U.S. Consumer Financial Agency Could Be Defanged Under Trump

U.S. Consumer Financial Agency Could Be Defanged Under Trump

News
The agency, created in response to the 2007-09 financial crisis, is a target for some critics for such proposals an attempt to stop companies from blocking customers from class action lawsuits and another one to limit payday lending.

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Arbitration Award Overturned Because Arbitrator Impersonated Lawyer

News
The Ninth U.S. Circuit Court of Appeals overturned an arbitration award in a multimillion-dollar investment case Friday because the lead arbitrator impersonated a California attorney — something he did in dozens of cases before being exposed, the San Francisco Chronicle reports.

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Wells Fargo to Pay $50 Million to Settle Home Appraisal Overcharges

Wells Fargo to Pay $50 Million to Settle Home Appraisal Overcharges

News
Wells Fargo has agreed to pay $50 million to settle a class-action lawsuit that accused the bank of overcharging hundreds of thousands of homeowners for appraisals ordered after the homeowners defaulted on their mortgage loans, reports The New York Times.

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Reviewing Banks’ Third-Party Vendor Service Contracts (Part 6)

Insight
The sixth installment in Bryan Cave LLP’s series about banks’ third-party vendor service contracts covers two subjects: first, ownership of trademarks, copyrights, patents and other trade secrets, source code escrow agreements; and second, confidentialty.

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