Banking Law

1236 ABA Journal Banking Law articles.

Afternoon Briefs: Justice Thomas speaks in SCOTUS teleconference arguments; courts want rule ideas

Few glitches and 1 surprise in SCOTUS teleconference arguments

U.S. Supreme Court Justice Clarence Thomas asked questions during the high court’s first teleconference arguments Monday, something he rarely does.…

Many law firms that applied for paycheck protection loans are still waiting; Texas lawyer sues
Many smaller law firms applied for loans under the federal Paycheck Protection Program, and many are still waiting.
ABA House of Delegates urges legislation protecting marijuana lawyers and banks
Can jails return inmate cash in the form of fee-laden debit cards? 9th Circuit allows suit
A federal appeals court has revived a lawsuit by a jailed protester in Oregon who turned over nearly $31 to her jailers and was repaid upon release with a fee-laden debit card.
Bank called police when bias lawsuit plaintiff tried to deposit his settlement checks, lawsuit says
A plaintiff who settled a race discrimination lawsuit against his employer alleges TCF Bank called the police when he tried to deposit his settlement checks and withdraw some of the money.
Supreme Court agrees to hear 3 disputes over access to Trump’s financial and tax records
On Friday, the U.S. Supreme Court agreed to hear three cases in which President Donald Trump is fighting subpoenas for his tax and financial records from two banks and his accounting firm.
Afternoon Briefs: Judge who won’t perform same-sex marriages gets warning; hemp growers no longer seen as suspicious

Judge gets public warning after claiming religious exemption to performing same-sex weddings

A Texas justice of the peace who refuses to perform same-sex weddings has received a public warning from…

Former mortgage-relief law firms ordered to pay $59M for misrepresenting their services
A federal judge in Wisconsin has ordered two defunct mortgage-relief law firms and their attorney principals to pay $59 million in restitution and civil penalties for misrepresenting their services to consumers.
ABA hosts first-ever cannabis and hemp law conference
Lawyer is accused of creating sham secured creditor to shield client assets

A former partner with Freeborn & Peters in Chicago has been charged in an alleged scheme to protect a client’s assets by creating a sham secured creditor with a senior…

Dad wins $5M class settlement after he’s denied primary caregiver parental leave

A fraud investigator at JPMorgan Chase who led a class action lawsuit over denied parental leave for fathers has won an agreement to settle the case for $5 million.

Derek…

New ABA report surveys cryptocurrency regulations

The ABA Business Law Section released a major report on digital assets and cryptocurrency regulation on Wednesday.

The 353-page document titled “Digital and Digitized Assets: Federal and State Jurisdictional…

Building blockchain expertise into a practice that pays
Blockchain's a buzzword, but what does it mean? In this episode of the Modern Law Library, our guests James A. Cox and Mark W. Rasmussen give a breakdown of what blockchain is, the emerging legal issues the technology is prompting, and why Jones Day thinks that it's an important emerging practice area.
Michael Cohen says he’s free from ‘personal and mental incarceration’ before getting 3-year sentence

President Donald Trump’s former lawyer, Michael Cohen, told a Manhattan federal judge on Wednesday that he has been “living in a personal and mental incarceration” since the day he began…

$480M settlement with Wells Fargo shareholders OK’d by judge
A San Francisco federal judge late Tuesday granted preliminary approval to a $480 million class action settlement between Wells Fargo and shareholders who alleged they were harmed by the bank’s unauthorized accounts scandal.

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