Your Daily Dose of Financial News

Robins Kaplan LLP

No news (from the Fed) was good news (for the markets) when it came to interest rates yesterday – NYTimes and WSJ

The CFPB has ordered UniRush (purveyor of the RushCard prepaid debit card) and its payment processor, MasterCard, to fork over $13 million in fines after a breakdown last year that blocked thousands of customers from accessing their cash – NYTimes and Law360

Thanks to another $1.2 billion for US owners of some 3-liter diesel-powered vehicles, VW is looking at a total emissions-scandal price tag of a staggering $25 billion – WSJ

An interesting look at cross-selling in the rarefied air of JPMorgan’s elite private banking environment – Bloomberg (h/t to @advisorhubinc)

Online lender SoFi has been creeping into the traditional banking realm for years, and its acquisition of Zenbanx this week will allow it to offer checking accounts, credit cards, and international money transfers – NYTimes and WSJ

JPMorgan will pay Lehman Bros.’ post-bankruptcy nearly $800 million to resolve all outstanding disputes over JPM’s alleged “cash grab” in the weeks before Lehman collapsed – WSJ and Law360

With the big game fast approaching, here’s a nice feature on the anti-Ugged one (and my fellow Eagle), Matty Ice – WSJ

More baby Beys (or beybeys, as it were).  Hard to argue with that [as others have noted] – NYTimes

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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