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New Jersey Law Journal

Prudential Class Action Targets Sales to Wells Fargo Customers

Prudential Insurance Co. has been hit with a class action over unauthorized sales of its life insurance policies to Wells Fargo account holders. The latest case, along with a whistleblower suit filed last week by three former Prudential fraud investigators, landed the company into the middle of the fracas over Wells Fargo's sales practices.
13 minute read

Daily Business Review

Miami Community Bank Extends Loan for Daytona Hotel

Senior vice president Evita Francuz closes a $10 million construction loan for a hotel outside the bank's South Florida base.
5 minute read

Daily Business Review

Aviation Transaction Attorney Patrice Robinet Joins Akerman

He comes from the general counsel's post at Apollo Aviation Group.
2 minute read

New York Law Journal

Lawsuit Against UBS for $500M Loss Dismissed Over Jurisdiction

Ace Decade Holdings' lawsuit over a $500 million investment loss against the Swiss banking and financial services company UBS AG belongs in Hong Kong, not in New York, a Manhattan judge ruled on Thursday.
13 minute read

The American Lawyer

Leaked Magic Circle Document Shows Banks Want 5-Year Brexit Transition

A leaked document produced by Magic Circle law firms Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters has revealed that the U.K. finance industry wants the British government to allow it to remain subject to European Union laws for up to five years after Brexit.
5 minute read

National Law Journal

Contender to Lead CFTC Pitches 'Do No Harm' Approach to Fintech

J. Christopher Giancarlo, a contender to head the Commodity Futures Trading Commission, on Friday presented his vision for a "forward-looking" agenda at the agency, including greater U.S. regulatory promotion of financial technology.
11 minute read

Daily Business Review

Greenberg Traurig Advises on 2 Mexico Deals

Greenberg Traurig has been working on a couple of major deals in Mexico: a $409 million two-currency credit facility for a paper producer, and a joint venture that will have to be approved by Mexican regulators.
14 minute read

Daily Business Review

She Who Ordered It, Enforces It — Bankruptcy Discharges Are Unique

A federal appeals court rules only bankruptcy courts can enforce compliance with discharge injunctions, write attorneys Annette Urena Tucker and Christina V. Paradowski .
8 minute read

The Recorder

Taking Stock of Proposed Rules for FinTech Companies

It remains to be seen what effects a special purpose national bank charter for financial technology companies will have on the FinTech market, particularly in light of the election.
13 minute read

National Law Journal

Regulators Move to Let Fintech Startups in 'Front Door' With National Charter

The Office of the Comptroller of the Currency said it would give financial technology companies providing banking products and services the opportunity to apply for special purpose national bank charters.
15 minute read

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