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Latest News in Banking
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June 02, 2026
Installment lender OneMain has urged a New York federal court to dismiss a multistate lawsuit over its loan add-on product sales, arguing the case improperly seeks to punish it for practices either already addressed in or required by a prior Consumer Financial Protection Bureau order.
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June 02, 2026
The U.S. Department of the Treasury's Office of Foreign Assets Control sanctioned Iran's largest crypto exchange and three other crypto platforms Tuesday for allegedly aiding the Iranian government and evading sanctions amid the Trump administration's efforts to put economic pressure on Iran.
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June 02, 2026
Financial services company Raymond James and a former vice president who said she was fired for complaining about sexism and denied promotions formally ended their Florida federal court battle Tuesday, almost two years after the company got her case kicked to arbitration.
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June 02, 2026
Middle-market commercial lending digital bank Forbright on Tuesday launched plans to go public through an estimated $150 million initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP.
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June 02, 2026
The Financial Crimes Enforcement Network's recent warning of human trafficking risks during the World Cup games signals heightened scrutiny ahead of the upcoming tournament, and suggests regulators increasingly expect businesses beyond financial institutions to maintain effective trafficking-risk controls, say attorneys at Morgan Lewis.
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