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Banking
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January 09, 2026
OCC Floats Rule To Clarify Trust Companies' Broader Scope
The Office of the Comptroller of the Currency is proposing to amend its chartering regulations to make clear that national trust companies can engage in nonfiduciary activities, potentially resolving an area of contention that banking industry advocates have raised as crypto-focused firms applied for trust charters.
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January 09, 2026
FINRA Fines Wells Fargo Unit $1.25M For Close-Out Failures
Wells Fargo has agreed to pay $1.25 million to resolve the Financial Industry Regulatory Authority's claims that during a seven-year period, the bank's clearing and custody services unit left certain transactions in municipal securities unresolved for longer than it was supposed to.
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January 09, 2026
CFPB's Vought Backs Down, Seeks Fresh Fed Funding
The Consumer Financial Protection Bureau said Friday that its acting Director Russell Vought has moved to replenish its funding from the Federal Reserve, yielding after a weekslong standoff that left the consumer agency facing potential closure with dwindling cash.
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January 09, 2026
Fintech-Focused Lafayette Digital SPAC Prices $250M Offering
Special purpose acquisition company Lafayette Digital Acquisition I began trading publicly Friday after raising $250 million in its initial public offering, with plans to target the financial services and technology industries.
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January 09, 2026
First Brands Sues Ex-CEO's Brother, Lender For $2.9B Fraud
First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First Brands and Onset that let them reap triple-digit returns and $2.9 billion in cash.
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January 09, 2026
4 Argument Sessions That Benefits Attys Should Watch In Jan.
The U.S. Supreme Court will zero in on the methodology for assessing liability for pulling out of a multi-employer pension fund, and the circuit courts will hear bids to revive suits over alleged 401(k) mismanagement and deferred compensation. Here, Law360 looks at a quartet of oral arguments coming up in January.
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January 09, 2026
Couple Fights To Send Annuity Fraud Case To State Court
A retired U.S. Navy veteran and his wife, who are accusing Ameritas Mutual Holding Co. and Ameritas Life Insurance Company Inc. of orchestrating a fraudulent investment scheme based on the sale of unsuitable equity-indexed annuities, urged a North Carolina federal court to send the case back to state court.
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January 09, 2026
Husch Blackwell Adds Eversheds Securities Enforcement Atty
Husch Blackwell LLP has hired a former Eversheds Sutherland counsel in Washington, D.C., who before her most recent role worked as a lawyer with a Financial Industry Regulatory Authority group focused on examining agency members for securities law compliance.
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January 09, 2026
NC Biz Court Bulletin: Trade Secrets Row, A Patient Data Deal
The North Carolina Business Court closed out the year by tossing a trade secrets fight brought by a corrugated packing manufacturer against its onetime star salesman and signing off on a $2.45 million settlement ending claims a healthcare system sold patients' data to Meta.
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January 09, 2026
UK Litigation Roundup: Here's What You Missed In London
This past week in London has seen a collapsed investment firm revive a $15 million dispute with a hedge fund, major Hollywood studios bring an IP claim against the U.K.'s largest internet providers over illegal streaming, and the Department of Health and Social Care sue the law firm and barrister representing it in a pharma competition damages case.
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January 08, 2026
NY Mortgage Cos. Face New 'Equitable Access' Lending Rules
New York has finalized new rules that extend community-lending obligations to mortgage companies in the state, a move that officials said Thursday will promote regulatory parity and fairness as nonbank lenders outpace traditional banks in the mortgage market.
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January 08, 2026
FCC Waives Call Consent Revocation Rule Until Early 2027
The Federal Communications Commission has heeded the call of companies asking it to push a deadline for complying with a rule that makes it easier for people to opt out of robotexts, saying Thursday that businesses will have until 2027 to comply.
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January 08, 2026
Conn. Credit Union Sued Over Data Breach Affecting 17,000
Ellafi Federal Credit Union "inexcusably waited for months" to alert more than 17,000 customers that their personal information was compromised during a data breach in October, according to a putative class action filed Wednesday in Connecticut federal court.
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January 08, 2026
NY Judge Backs Windfarm Award Against Vietnam Bank
A New York federal judge has granted an arbitral award petition favoring a Chinese company against a Vietnamese bank following a dispute over a crane lease for a windfarm project, rejecting arguments that the court lacked jurisdiction and the dispute belonged elsewhere.
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January 08, 2026
4 Firms Steer Coincheck's $111M Acquisition Of Crypto Firm
The Netherlands-based holding company of Japanese digital asset exchange Coincheck Group NV has inked an agreement to become the beneficial owner of nearly all shares of Canadian alternative digital asset manager 3iQ Corp. in a deal valued at $111 million. It's guided by Dutch firm De Brauw Blackstone Westbroek, Simpson Thacher & Bartlett LLP in the U.S. and Canadian firms Stikeman Elliott and Wildeboer Dellelce LLP.
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January 08, 2026
Ex-FDIC Chair, Cravath Partner Joins Fintech Firm Plaid
Jelena McWilliams, the former chairman of the Federal Deposit Insurance Corp., will leave Cravath Swaine & Moore LLP to serve as Plaid's president of corporate and external affairs, the fintech infrastructure firm announced Thursday.
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January 08, 2026
Experian Can't Nix Claim Tapad Unit Illegally Tracks Data
A California federal judge has denied Experian Data Corp.'s bid to escape a proposed class action accusing it of unlawfully tracking web users' personal information and activity through its Tapad Inc. subsidiary, refusing to dismiss all but one claim a group of California consumers lodged against the data broker.
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January 08, 2026
Colo. Judge Tosses Banker's Cancer-Leave Suit Against UMB
A Colorado federal judge granted an early win to UMB Financial Corp. over a banker's claims that the company discriminated and retaliated against her by denying her leave to recover from chemotherapy treatments, ruling that her request for nine months' leave is "presumptively unreasonable."
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January 08, 2026
Wyoming's First-Of-Its-Kind Stablecoin Up For Purchase
The public can now purchase Wyoming's state-issued stablecoin through crypto exchange Kraken, a first for a public entity, the state's stablecoin project announced Thursday.
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January 08, 2026
Chancery Lifts Stay In Ukraine's PrivatBank Bogus Loan Suit
Saying that "it is now clear this case must proceed at some point," a Delaware vice chancellor on Thursday lifted a four-year-long hold on a Ukrainian bank's six-year-old suit accusing two oligarchs and others of lining up billions in fraudulent loans that funneled — or "recycled" — hundreds of millions into real estate investments in the United States.
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January 08, 2026
Fed Eyeing Carveouts For Confidentiality Label, Bowman Says
The Federal Reserve's top bank regulator signaled openness to easing restrictions around so-called confidential supervisory information, or CSI, saying the label has grown so broad that it can obstruct collaboration and reduce regulatory accountability.
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January 08, 2026
Opendoor Investors Get Final OK For $39M Deal, Atty Fees
An Arizona federal judge has granted final approval of a $39 million settlement between real estate firm Opendoor Technologies Inc. and its shareholders to resolve their claims that the company overhyped its pricing algorithm software, closing out the litigation that began in 2022.
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January 08, 2026
Sen. Ag Committee To Hold Crypto Markup Next Week
The Senate Agriculture Committee intends to hold its own markup of a bill to regulate crypto markets the same day as its Banking Committee counterparts, a spokesperson confirmed Thursday.
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January 07, 2026
10th Circ. Halts Kan. Bank's $20M FDIC Appeal For Settlement
The Tenth Circuit will hold off on hearing a small Kansas bank's push to challenge a $20 million anti-money laundering enforcement proceeding from the Federal Deposit Insurance Corp. after the two sides said Wednesday that they have reached a settlement.
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January 07, 2026
Russia, Ukraine Bank Dispute Issue-Preclusion Language
Russia and a Ukrainian bank, in their yearslong dispute over enforcement of a $1.1 billion arbitral award, are now butting heads over phrasing a D.C. federal judge should use to ask the United States when a U.S. court should stop parties from relitigating an issue.
Expert Analysis
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Series
Law School's Missed Lessons: Intentional Career-Building
A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.
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State AG Enforcement During CFPB Gap Predicts 2026 Trends
State attorneys general responded to the decrease in Consumer Financial Protection Bureau enforcement in 2025 by stepping in to regulate consumer finance more than ever before, and the trends in rebooting CFPB investigations, cracking down on ESG and DEI initiatives, and fighting financial exploitation of homeowners will likely extend into 2026, say attorneys at Cozen O'Connor.
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Series
A Day In The In-House Life: Chime GC Talks Pathfinding
On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.
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US Sanctions Targeting Russia's Oil Giants Heighten Biz Risks
Businesses operating in the energy sector, both in and outside the U.S., should review their operations for any links to Russian oil companies and their subsidiaries recently targeted by U.S. sanctions, to avoid unexpected reputational and financial risk, and even secondary sanctions, say authors at Blank Rome.
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Expect A New Normal In Commercial Real Estate This Year
Even amid office vacancies and a wave of loan maturities, the commercial real estate market isn't as volatile as one might expect heading into 2026, but market stress is still uniquely intersecting with broader business challenges, creating new opportunities for corporate counsel and other practitioners beyond real estate, says Mark Bell at Stinson.
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2nd Circ. Ruling Shows Procedural Perils Of Civil Forfeiture
The Second Circuit’s recent U.S. v. Ross decision, partially denying the return of an attorney's seized funds based on rigid standing requirements, underscores the unforgiving technical complexities of civil asset forfeiture law, and provides several lessons for practitioners, says Elisha Kobre at Sheppard Mullin.
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Preparing For Congressional Investigations In A Midterm Year
2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.
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3 Securities Litigation Trends To Watch In 2026
Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.
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Funding Haze And Deregulatory Pursuits: The CFPB In 2026
In 2025, the Consumer Financial Protection Bureau did not seek additional funding from the Federal Reserve and unwound the legacy of former bureau leadership, and this year will bring further efforts to rescind or rewrite bureau regulations, as well as a changed tone to supervision efforts, say attorneys at Covington.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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Regulatory Rollback And Lingering Limbo: The CFPB In 2025
The Consumer Financial Protection Bureau has implemented significant changes since President Donald Trump took office in January, including dismissing actions with prejudice, withdrawing guidance and rescinding rules, casting the bureau in uncertain light heading into 2026, say attorneys at Mayer Brown.
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2025 Calif. Banking Oversight Centered On Consumer Issues
The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.
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The Major Securities Litigation Rulings And Trends Of 2025
The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.