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Investment Funds Payday Loans

Sheppard Mullin Richter & Hampton LLP

Payday Lender Ordered to Pay $39 Million in Misappropriated Funds Suit

On June 29, a Florida court issued a final judgment against a Miami-based payday lender and its CEO resolving allegations that the defendants misappropriated investor funds. According to the complaint, the business...more

Goodwin

Financial Services Weekly News: FDIC Issues Deposit Insurance Application Guidance For Non-Banks

Goodwin on

In This Issue. The Federal Deposit Insurance Corporation (FDIC) published new procedures for federal deposit insurance applications from applicants that are not traditional community banks; federal banking regulators released...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Regional lenders BB&T and SunTrust have announced plans to “unite in an all-stock deal” that would value the combined bank at $66 billion. The new lender would be the sixth-largest in the US, and, if allowed, would be created...more

Robins Kaplan LLP

Your daily dose of financial news: The Brief – 6.2.16

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Everything’s coming up Saudi these days, as Uber revealed this week that it turned to the Middle East for a $3.5 billion cash infusion from Saudi Arabia’s Public Investment Fund—the kingdom’s “main investment fund”—as part of...more

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