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Article III of the U.S. Constitution limits federal courts’ jurisdiction to actual cases and controversies only.  When a plaintiff seeks to sue in federal court despite having suffered no actual injury, the Constitution’s case or controversy requirement is not satisfied and the case cannot proceed.  In other words, when a plaintiff has suffered no injury, he or she lacks standing to sue in federal court. This principal was central to the U.S. Supreme Court’s recent…
Malaysian bank CIMB has announced a partnership with a Singapore Accelerator called Startupbootcamp FinTech to help provide guidance to FinTech startups in Singapore. CIMB will provide business advice and funding for the Accelerator and participating startups. According to its website, Startupbootcamp FinTech is the leading accelerator focused on financial innovation, providing funding, mentorship, office space, and access to a global network of investors and VCs, for up to 10 selected FinTech startups FinTech startups are…
On October 6, 2015, Standard Chartered Bank Vietnam and Vietnam-based investment firm Dragon Capital jointly hosted the inaugural meeting of the Vietnam FinTech Club, in Ho Chi Minh City.  According to Dragon Capital, the Vietnam FinTech Club is intended to encourage development of Vietnam’s growing FinTech ecosystem. The roundtable meeting featured 20 start-up entrepreneurs and investors in the FinTech sector, including FPT Ventures, IDG Ventures, M_Service, Fundstart, 1Pay, Pasoto.com, Loanvi.com and MyMoney.vn. Standard Chartered Bank…
On September 24, 2015, the Consumer Financial Protection Bureau (“CFPB”) and the Department of Justice (“DOJ”) announced a joint action against New Jersey-based Hudson City Savings Bank for discriminatory redlining practices that denied residents of majority-Black-and-Hispanic neighborhoods fair access to mortgage loans.  The agencies allege that the bank took steps to avoid, and thereby discourage, applications from prospective borrowers in predominantly Black and Hispanic communities.  If the proposed consent order is approved by the court,…