Try our Advanced Search for more refined results
Banking
-
April 09, 2026
5th Circ. Revives Reinsurance Broker Row Over Credit Mishap
The Fifth Circuit revived a suit by an insurer's owner alleging that its broker failed to administer its reinsurance program properly, leading to over $100 million in losses when it discovered the program lacked a valid line of credit.
-
April 08, 2026
Debt Collectors Sue Calif. Over 'Excessive' Licensing Fees
California's financial services regulator has been hit with a proposed class action that seeks to recoup potentially millions of dollars for debt collectors in the state over claims the agency is unlawfully charging inflated fees to license and oversee them.
-
April 08, 2026
DC Circ. Allows DOD To Ax Anthropic Contracts Amid Review
The D.C. Circuit Wednesday shot down Anthropic's request for an emergency order temporarily barring the U.S. Department of Defense from designating the artificial intelligence company as a national security risk while Anthropic's appeal plays out, although it agreed to expedite the appeal.
-
April 08, 2026
Judge Affirms Default Judgment Against Defunct 'Neobank'
Portland, Oregon-based cannabis company Killa Bees Distribution LLC has secured a default judgment against a now defunct cannabis industry-focused "neobank," which failed to return more than $126,000, according to a federal judge's order, but the case may be far from over.
-
April 08, 2026
NJ Bank Can't Get Conversion Plan Revived On Appeal
A New Jersey appellate court panel on Wednesday affirmed a ruling that the board of a savings-and-loan bank improperly adopted a plan to convert into a mutual savings bank to block an activist investor from gaining board seats.
-
April 08, 2026
Trump Asks NY's Top Court To Toss AG's 'Flawed' Fraud Case
President Donald Trump on Wednesday asked New York's highest court to throw out New York Attorney General Letitia James' "deeply flawed" civil fraud judgment entirely after a lower appellate court tossed what it called an "excessive" $489 million penalty against the president, his sons and his real estate companies.
-
April 08, 2026
FinCEN, OFAC Propose AML Rules For Stablecoin Issuers
The U.S. Department of the Treasury's Financial Crimes Enforcement Network and Office of Foreign Assets Control issued a joint proposed rule Wednesday to implement the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.
-
April 08, 2026
Trump Economists Say Stablecoin Yield Ban Won't Help Banks
Economists to President Donald Trump said Wednesday that banning cryptocurrency exchanges from paying stablecoin rewards or yield would "do very little to protect bank lending" and leave consumers worse off, findings that come amid a contentious push to tighten yield restrictions.
-
April 08, 2026
Veterans Say Citibank Arb. Ruling Is 'Anti-Military Readiness'
A group of service members urged a North Carolina federal court to keep in its sights claims that Citibank NA proffered misleading information about credit card account interest and fees, arguing a recent arbitration order erodes safeguards baked into the Military Lending Act.
-
April 08, 2026
TD Bank Beats Whistleblower's Appeal For Shielded Info
A New Jersey state appeals court on Wednesday backed a lower court's holding that TD Bank does not have to produce information it's seeking to shield from a whistleblower, finding that the disclosure of the information would have violated federal law.
-
April 08, 2026
SEC Taps Gibson Dunn Partner For Enforcement Director
The U.S. Securities and Exchange Commission announced Wednesday that it has appointed a Gibson Dunn & Crutcher LLP partner and former senior enforcement attorney to serve as director of the agency's Division of Enforcement, following the abrupt resignation of the most recent director.
-
April 07, 2026
Feds Launch Bid To Revamp AML Framework For Banks
Federal regulators on Tuesday unveiled plans to overhaul rules that require banks and other institutions to maintain programs for detecting and preventing illicit financial activity, advancing a Trump administration push to streamline anti-money laundering compliance.
-
April 07, 2026
$8.7M FCA Whistleblower Attys Award Too High, 9th Circ. Says
The Ninth Circuit held Monday that a district court's award of $8.7 million in fees and expenses to attorneys representing a whistleblower who claimed Academy Mortgage submitted false insurance claims was too high, saying the case is not "exceptional," and the court didn't justify its lodestar multiplier of 1.75.
-
April 07, 2026
FINRA Fines JPMorgan Unit $3.25M Over Red Flag Lapses
A JPMorgan Chase & Co. subsidiary has agreed to pay a $3.25 million fine to end Financial Industry Regulatory Authority claims that it failed to take action on red flags raised over a registered representative's inappropriate and risky investment strategy recommendations that preceded significant customer losses.
-
April 07, 2026
TD Bank Says It's Not To Blame For $1.1M Sent To Scammer
TD Bank has asked a Connecticut state court judge to strike a contracting company's claims that the bank should face liability after the company sent $1.1 million to a scammer, pointing out in its filings that the company's own representative handed over TD Bank login credentials to the fraudster.
-
April 07, 2026
FDIC Stablecoin Plan Limits Yield, Pass-Through Insurance
The Federal Deposit Insurance Corporation on Tuesday floated stablecoin rules that would limit the extent of deposit insurance for holders of such tokens and ban certain interest-bearing arrangements with restrictions similar to a recent proposal from its sister banking regulator.
-
April 07, 2026
Private-Credit Focused SPAC Leads Two IPOs Raising $350M
A pair of special purpose acquisition companies, private credit-focused ACP Holdings Acquisition and advanced technology-focused Apogee Acquisition, began trading publicly Tuesday after raising a combined $350 million in their initial public offerings.
-
April 07, 2026
Firstrust Savings Bank Can't Nix 401(k) Mismanagement Suit
A former Firstrust Savings Bank worker adequately supported his claims that employees lost millions because they had to invest a portion of their savings in the bank's underperforming proprietary fund, a Pennsylvania federal judge ruled, denying the bank's motion to dismiss the proposed Employee Retirement Income Security Act class action.
-
April 07, 2026
Insider Trading Case Unscathed By US Atty Office Shake-Up
A federal judge rejected a motion to dismiss the insider trading prosecution of a Garden State broker-dealer's ex-partner, ruling that questions about the leadership of the U.S. attorney's office in New Jersey, including findings that prior supervisory appointments were unlawful, do not taint the indictment or require disqualification of the case prosecutors.
-
April 07, 2026
Blackstone Clinches $10B Opportunistic Credit Fund
Private equity giant Blackstone, advised by Kirkland & Ellis LLP, on Tuesday revealed it wrapped fundraising on its fifth opportunistic private credit fund after securing over $10 billion in investable capital, marking the firm's largest such fund to date.
-
April 07, 2026
BakerHostetler Adds Davis Wright Privacy Pro In LA
BakerHostetler announced Tuesday it has welcomed data privacy litigator Spencer Persson from Davis Wright Tremaine to its digital assets and data management practice group as partner, bringing in years of experience handling high-stakes privacy matters that will beef up the firm's privacy and digital risk class action and litigation team.
-
April 07, 2026
Womble Bond Lands 3 Burr & Forman Bankruptcy Attys In Fla.
Womble Bond Dickinson has added a trio of attorneys to its finance, bankruptcy and restructuring practice in Florida from Burr & Forman LLP.
-
April 06, 2026
Ill. AG Urges 7th Circ. To Uphold Landmark Swipe-Fee Law
Illinois Attorney General Kwame Raoul has urged the Seventh Circuit to rule that his state may fully enforce its Interchange Fee Prohibition Act against national banks and other financial institutions, defending its ban on tax-and-tip swipe fees amid a banking industry appeal.
-
April 06, 2026
JPMorgan's Dimon Has 'Mixed' Feelings On Capital Revamp
The head of the nation's largest bank on Monday raised doubts about the Trump administration's plan to overhaul bank capital rules, casting it as an improvement on a Biden-era draft while saying it still includes some "frankly nonsensical" aspects.
-
April 06, 2026
Trump Admin Seeks $25M FinCEN Budget Boost
The Trump administration's latest budget plan calls for a more than 13% increase in spending for the Financial Crimes Enforcement Network, with nearly half of its total requested staffing increase for the agency slated for positions focused on deregulation related to the Bank Secrecy Act.
Expert Analysis
-
How Data Centers Can Prep For Legal Challenges Amid War
Amid conflict in the Middle East, data centers may now be exposed to state-level kinetic threats, creating significant legal, regulatory and contractual implications, so operators should update their legal and operational frameworks in order to withstand future disruptions and meet the regulator expectations, say attorneys at Baker Botts.
-
Series
Coaching Soccer Makes Me A Better Lawyer
Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.
-
What Texas Anti-Boycott Ruling Means For ESG Landscape
A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.
-
How To Wield The Clarity Act As A Litigation Defense Tool
The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.
-
Series
Law School's Missed Lessons: The Human Element
Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.
-
4 Ways To Help CBP Curb Shell Co. Import Schemes
Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.
-
Get Smart: Navigating The Genius Act's Regulatory Gaps
While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.
-
How Cos. Should Prepare For NY RAISE Act Compliance
With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.
-
Compliance Takeaways Amid Increased Auto Finance Scrutiny
Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.
-
The Benefits Of Choosing A Niche Practice In The AI Age
As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.
-
The Practical Implications Of New FDIC Stablecoin Measures
The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.
-
5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp
The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.
-
What The CFTC's Event Contracts Amicus Brief Is Missing
The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.
-
Series
Podcasting Makes Me A Better Lawyer
Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.
-
Why The NCUA's Stablecoin Moment Matters
The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.