Banking

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Latest News in Banking

  • July 12, 2024

    Rising Star: Cahill Gordon's John MacGregor

    John MacGregor of Cahill Gordon & Reindel LLP has successfully defended Credit Suisse in litigation over a complex financial product alleging more than $2 billion in losses, and secured dismissal in a claim alleging losses of $1 billion over its financial adviser work. These matters and others have earned him a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars.

  • July 12, 2024

    Loper Bright Is Shaking Up Dozens Of Regulatory Fights

    In the two weeks since the U.S. Supreme Court overturned Chevron deference, the landmark decision has emerged as a live issue in dozens of administrative challenges, with federal courts already pausing agency regulations expanding LGBTQ+ rights in education and healthcare and with a wave of parties seeking to use the new decision to win their cases.

  • July 12, 2024

    CFPB Takes Its 5th Circ. Lumps To Advance Late Fee Rule Suit

    The Consumer Financial Protection Bureau has told the Fifth Circuit that it won't appeal a three-judge panel's decision forcing it defend its $8 credit card late fee rule in Texas rather than Washington, D.C., a move that could expedite the agency's efforts to free the rule from a lower-court injunction.

  • July 12, 2024

    Ramey Says 'Any Competent' Atty Wouldn't Seek Sanctions Yet

    Ramey LLP, counsel for mobile payment company AuthWallet LLC, has urged a Texas federal judge to reject a bank's attempt to sanction the company's attorney, saying the request is premature since the case doesn't have a prevailing party yet.

  • July 12, 2024

    MoneyLion Cites High Court Rulings In Bid To Toss CFPB Suit

    MoneyLion Technologies Inc. told a New York federal judge on Friday that two recent U.S. Supreme Court rulings, including the reversal of the so-called Chevron deference doctrine, support the challenge to military lending regulations it is accused of violating in a lawsuit by the Consumer Financial Protection Bureau.

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