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#Regulatory News - Business Regulations and Legal News Updates

Wells Fargo wins dismissal of predatory lending lawsuits

JPMorgan reaches $388 million settlement in mortgage securities case

- JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest U.S. bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisis.

Regulators to seek penalty on Toshiba for false accounting: Nikkei

TOKYO - Japan's financial watchdog plans to seek a financial penalty on Toshiba Corp. currently being investigated by an independent committee over accounting irregularities, the Nikkei reported on Saturday.

TD Bank to pay $20 million to settle Ponzi scheme lawsuit: attorney

NEW YORK - TD Bank has agreed to pay $20 million to settle a class action lawsuit accusing it of aiding a Ponzi scheme that allegedly bilked over a thousand European investors of more than $223 million, a lawyer for the investors said on Friday.

Petrobras gets reprieve from Whale Park windfall-profit payments

RIO DE JANEIRO - Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it won a reprieve from quarterly payments of 350 million reais ($110 million) to the government while an oil-royalty dispute continues.

Finra says Labor Department fiduciary rule will confuse industry

WASHINGTON - The Financial Industry Regulatory Authority said on Friday that a proposal by the Department of Labor to rein in conflicts by brokers who offer retirement advice will confuse the industry.

Fed proposes tweaks to stress test rules for banks

Deutsche Bank disputes regulator's Libor report allegations

T-Mobile to pay $17.5 million to settle U.S. 911 outage investigation