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National Law Journal

Covington, Steptoe Form New Groups Amid Demand in Regulatory, Enforcement Space

"We're handling more trade controls investigations than we ever have before," said Eric Sandberg-Zakian, chair of Covington's trade controls enforcement practice group.
4 minute read

Corporate Counsel

DOJ Files Antitrust Suit Against Visa Alleging It Thwarts Payment-Processing Rivals

Visa handles more than 60% of debit card transactions in the U.S., and collects more than $7 billion in annual processing fees, a lucrative business the company protects through illegal, anticompetitive practices, the Department of Justice alleges.
3 minute read

New Jersey Law Journal

OceanFirst Bank Reaches $15M Settlement Over 'Redlining' Allegations in New Jersey

"We are committed to ensuring that everyone in New Jersey has access to the American dream of homeownership, regardless of race, color, or national origin," said U.S. Attorney for the District of New Jersey Philip R. Sellinger. "This agreement is an important step in leveling the playing field and removing illegal and discriminatory barriers in residential mortgage lending."
4 minute read

New Jersey Law Journal

Personal Liability Following a Deed in Lieu of Foreclosure in New Jersey

"This makes a deed in lieu of foreclosure an attractive loss mitigation option for a defaulting homeowner in New Jersey," writes Myron C. Weinstein
8 minute read

Texas Lawyer

Web 3.0: How Will Blockchain Impact Your Practice?

"There have been no shortage of government enforcement actions in this space, yet the law is far from settled," write Sidley Austin's Lilya Tessler, Scott Parel and Angela Zambrano.
8 minute read

The Legal Intelligencer

Stradley Ronon Bolsters Investment Management Practice With Vanguard Hire

Former Vanguard associate general counsel Brian Murphy most recently headed the investment giant's enterprise growth legal team.
4 minute read

Corporate Counsel

Financial Firms Hit With Another $470M in 'Off-Channel' Communications Fines

The 3-year-old crackdown now has yielded more than $3 billion in penalties, and regulators show no signs of letting up.
2 minute read

Law.com

United Community Bank Seeks $4.1M in Loan Repayments From Charlotte-Based Housing Developer

Despite notices to the defendants, the bank claims that as of July 23, Nest Homes has failed to make payments consisting of: $4 million in principal fees; $140,399.70 in accrued and unpaid interest; and $5,246.29 in late fees and other charges, and interest continues to accrue at $1,064.32 per day, the complaint said.
2 minute read

Daily Business Review

'A Good Day': Florida Bank Linked to Venezuela Is Hit With $800,000 Verdict

"Any day where you help prevent an illegal authoritarian regime in Venezuela from penetrating the United States banking system and hold those accountable for assisting that regime is a good day," Derek E. León, the plaintiffs' attorney, said.
5 minute read

New York Law Journal

UBS Sues Bank of America for $200 Million Over Indemnification Breach

The complaint, filed in Manhattan state court on Wednesday, alleges Countrywide Financial – which was purchased by Bank of America in 2008 – agreed to cover legal costs stemming from residential mortgage-backed securities that were backed by Countrywide's mortgage loans.
2 minute read

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