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Daily Business Review

Reprieve From Mortgage Payments Available to Some in Irma's Wake

Homeowners in 48 Florida counties, Puerto Rico and the U.S. Virgin Islands may be eligible for an extended delay in payment of federally backed mortgages due to Hurricane Irma.
5 minute read

The American Lawyer

Litigation Funder Longford Raises $500M as Industry Stays Flush

Longford Capital Management LP on Monday announced the latest headline figure in the litigation finance industry. Longford said it raised $500 million for a second fund that will dwarf the initial $56.5 million fund that the Chicago-based firm raised three years ago.
4 minute read

Legaltech News

Equifax Executives' Stock Sales Raise 'Fundamental Questions' Tied to Breach

Here's a snapshot from the Dorsey & Whitney report about issues surrounding the stock sales, and guidance for companies that are watching how Equifax responds to the cyber breach for any wider lessons about what to do.
16 minute read

National Law Journal

Equifax Executives' Stock Sales Raise 'Fundamental Questions' Tied to Breach

Equifax Inc. has maintained that three executives were unaware of a massive data breach when they made stock trades on Aug. 1—worth more than $1 million—days after the company discovered the attack. Still, published reports about the stock sales raise "fundamental questions," two partners at the law firm Dorsey & Whitney said in an article published Friday at the Harvard Law School Forum on Corporate Governance and Financial Regulation.
4 minute read

The Recorder

Banking Lobbyists, After Wells Fargo Scandal, Couldn't Stop This Arbitration Bill

California's governor and Legislature in recent years have not been welcoming of many bills aimed at restricting the use of arbitration. That could soon change. Gov. Jerry Brown is considering whether to sign legislation that would allow judges to deny a bank's arbitration demand in any case that involves fraudulently created accounts.
4 minute read

Corporate Counsel

Survey: European Banks Getting Slammed With Fines From US Authorities

A big chunk of fines for banking misconduct in the last five years have been levied by U.S. authorities against European banks with U.S. branches.
4 minute read

Corporate Counsel

OCC Acting Comptroller Compares Fintech to Dating

Keith Noreika spoke about the burgeoning relationship between his agency and fintech companies.
3 minute read

New York Law Journal

Correspondent Banking Update

In her International Banking column, Kathleen A. Scott highlights some of the recent efforts by international organizations to attempt to address the increasing trend for some banks terminating their banking account relationships with banks in certain areas of the world.
19 minute read

The American Lawyer

Buckley Sandler Hires Michelle Obama's Longtime Chief of Staff

Christina “Tina” Tchen, a former Skadden, Arps, Slate, Meagher & Flom partner who served as chief of staff to former First Lady Michelle Obama, has joined Buckley Sandler as head of the Washington, D.C.-based firm's Chicago office.
2 minute read

Corporate Counsel

Longtime Financial Services In-House Attorney Joins Burford Capital as GC

Mark Klein is moving to the litigation financing firm.
5 minute read

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