Banking

  • December 19, 2025

    Calif. Ex-Customs Broker Sentenced For Tax, Wire Fraud

    A California man was sentenced to 51 months in federal prison after being indicted this year on federal fraud charges and one count of tax evasion, the U.S. Department of Justice said.

  • December 19, 2025

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal.

  • December 18, 2025

    Energy Transfer Wants Action On $345M Greenpeace Verdict

    Energy Transfer begged a North Dakota state judge Thursday to enter final judgment on a $345 million defamation and property damage verdict over the Dakota Access pipeline protests, saying the case is "off the procedural map," and it heard from the judge an acknowledgment that it's taken over his professional life.

  • December 18, 2025

    OCC Ends Citi Risk Management Resource Review Order

    The Office of the Comptroller of the Currency on Thursday formally ended a 2024 amendment to a previous consent order against Citibank over its risk management practices, with Citibank saying the relevant remediation programs are "nearly at target-state."

  • December 18, 2025

    NY Jury In FARA Trial Over China Ties Says It's Deadlocked

    The Brooklyn federal jury weighing the fate of a former top New York gubernatorial aide accused of secretly acting as a foreign agent for China said Thursday that it cannot reach a unanimous verdict, after five days of deliberations.

  • December 18, 2025

    Trump's Picks To Lead FDIC, CFTC Win Senate Approval

    The U.S. Senate on Thursday signed off on two more of President Donald Trump's picks for top financial regulator jobs, confirming Travis Hill and Michael Selig as chairs of the Federal Deposit Insurance Corp. and Commodity Futures Trading Commission, respectively.

  • December 18, 2025

    Apollo Could Fetch $12B For Atlas Air, And More Rumors

    The past week saw no lack of chatter about potential sales, backdoor discussions, fundraises, initial public offerings and activist investor power moves.

  • December 18, 2025

    New NJ Rules Combat AI And Housing Discrimination

    The use of artificial intelligence in hiring practices is among the areas targeted by a sweeping new mandate enacted by New Jersey's Division on Civil Rights meant to shore up protections against discrimination.

  • December 18, 2025

    Settlement Admin, Bank Conspiracy Suits Consolidated In DC

    A group of putative class actions alleging a wide-ranging kickback scheme between three of the largest settlement administration companies in the country and banks that was designed to juice administration fees while diminishing class action payouts has been consolidated in D.C. federal court.

  • December 18, 2025

    Compliance Chiefs' Enforcement Risks Didn't Ease Up In 2025

    The landscape for chief compliance officers' liability might relax a bit in the coming years as experts anticipate the Trump administration will rely less on a "failure to supervise" theory of liability that financial regulators used to target one chief compliance officer this year.

  • December 18, 2025

    Car Dealer Credit Check Co. Sued Over Breach Affecting 5.8M

    A company that handles credit inquiries for car dealerships is facing a proposed class action accusing it of negligence, following a cyberattack on its systems in October that compromised the personal information of more than 5.8 million people.

  • December 17, 2025

    JPMorgan Ex-Advisers Sue Over Alleged Race And Sex Bias

    JPMorgan Chase & Co. and its broker-dealer unit are facing claims they discriminated against two Black women who had worked for the companies as financial advisers, giving them unfavorable branch assignments and leave-related client reassignments while later forcing them to take lower-paying remote jobs they eventually had to quit.

  • December 17, 2025

    Ex-Goldman Banker Can't Dodge Ghana Bribery Charges

    A New York federal judge on Wednesday shot down a former Goldman Sachs banker's bid to escape charges over a purported scheme to bribe Ghanaian officials to greenlight a power plant deal, rejecting defense claims of improper sealing and speedy trial violations.

  • December 17, 2025

    Trump Admin Asks Fed Whether It's Back In The Black

    The U.S. Department of Justice on Tuesday asked the Federal Reserve to confirm whether it has returned to profitability, a potential opening for the Trump administration to draw new funding for the Consumer Financial Protection Bureau after insisting none is available.

  • December 17, 2025

    SEC Again Flags Adviser Testimonials, Ratings In Marketing

    The U.S. Securities and Exchange Commission's Division of Examinations has again flagged advisers' disclosures regarding their use of testimonials, endorsements and third-party ratings in advertisements, saying staff have observed noncompliance with commission rules in those areas.

  • December 17, 2025

    DC Circ. Grants En Banc Hearing On CFPB Layoff Plan

    Additional D.C. Circuit judges will get to weigh in on the Trump administration's bid to dismantle the Consumer Financial Protection Bureau through mass layoffs, after the appeals court granted the agency's employees' union an en banc rehearing on a lower court's injunction stopping the firings.

  • December 17, 2025

    2 Firms Guide $192M Northern California Bank Merger

    Northern California's Community West Bank and United Security Bank on Wednesday announced plans to merge by the middle of next year in a $192 million deal guided by Otteson Shapiro LLP and Stuart Moore Staub.

  • December 17, 2025

    Shutdown Deal Bars Federal Firings Until Feb., Judge Says

    A California federal judge said Wednesday she'll grant a preliminary injunction barring layoffs of federal workers from several agencies before Jan. 30, saying legislation that ended the government shutdown prohibits the layoffs, but she added she might pause her order while the government appeals.

  • December 17, 2025

    10th Circ. Panel Restores $2.9M FINRA Award Against Adviser

    A Tenth Circuit panel on Wednesday reinstated a $2.9 million Financial Industry Regulatory Authority arbitration award against a financial adviser who allegedly undermined a firm she worked for, ruling that she waived any objections she had to arbitrating with the plaintiffs before FINRA.

  • December 17, 2025

    20 States Back 10th Circ. Rehearing In Colo. Interest Rate Row

    Utah has led a group of 20 states in backing a push by banking groups for a full Tenth Circuit rehearing of their challenge to a Colorado law intended to curb high-cost lending in the state, saying a recent panel decision upholding the law harms states' interests.

  • December 17, 2025

    Bank Deserves Sanctions In Jail Debit Card Suit, Court Told

    A class of formerly incarcerated people who've accused the Central Bank of Kansas City of charging excessive fees on prepaid debit cards told a Washington federal judge that the bank should face sanctions for failing to sort and hand over documents required for compliance with an August court order.

  • December 17, 2025

    The Top Trademark Decisions Of 2025

    The U.S. Supreme Court vacated a trademark infringement award that reached nearly $47 million and found nonparties couldn't be on the hook for the amount, while the Federal Circuit reproached a trademark tribunal for its handling of a man's attempt to register the F-word. Here are Law360's picks for the biggest trademark decisions of 2025.

  • December 17, 2025

    Tricolor Execs Charged With Fraud In Billion-Dollar Collapse

    A Manhattan federal grand jury has indicted the ex-CEO and ex-chief operating officer of bankrupt subprime auto lender Tricolor Holdings, saying they engaged in years of fraud on the company's lenders and investors.

  • December 16, 2025

    Fed Ends Goldman 1MDB, Metropolitan Card Consent Orders

    The Federal Reserve announced Tuesday it has lifted consent orders against Goldman Sachs and Metropolitan Commercial Bank, closing matters tied to Goldman's purported role in the 1MDB scandal and Metropolitan's oversight of a prepaid-card program that government agencies alleged was fraud-ridden.

  • December 16, 2025

    Crypto Host Must Pay $1.2M For Breaching Mining Deal

    A federal judge in Washington state ruled Tuesday that a cryptocurrency computer host breached a contract it signed with a bitcoin mining company and unlawfully retained its equipment, awarding the mining firm $1.2 million in damages.

Expert Analysis

  • Series

    Being A Professional Wrestler Makes Me A Better Lawyer

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    Pursuing my childhood dream of being a professional wrestler has taught me important legal career lessons about communication, adaptability, oral advocacy and professionalism, says Christopher Freiberg at Midwest Disability.

  • How FDIC Appeals Plan Squares With Fed, OCC Processes

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    The Federal Deposit Insurance Corp.'s recent proposal to revise its appeals process merits a fresh comparison to the appeals systems of the Federal Reserve and Office of the Comptroller of the Currency, and would provide institutions with greater transparency and independence, say attorneys at Alston & Bird.

  • SEC Rulemaking Radar: The Debut Of Atkins' 'New Day'

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    The U.S. Securities and Exchange Commission's regulatory flex agenda, published last week, demonstrates a clear return to appropriately tailored and mission-focused rulemaking, with potential new rules applicable to brokers, exchanges and trading, among others, say attorneys at Goodwin.

  • Series

    Law School's Missed Lessons: Adapting To The Age Of AI

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    Though law school may not have specifically taught us how to use generative artificial intelligence to help with our daily legal tasks, it did provide us the mental building blocks necessary for adapting to this new technology — and the judgment to discern what shouldn’t be automated, says Pamela Dorian at Cozen O'Connor.

  • Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning

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    A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.

  • Why Fla. Ruling Is A Call To Action For Foreclosure Counsel

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    A Florida state court's recent decision in Open Range Properties v. AmeriHome Mortgage has sent ripples through the banking industry and the legal community, and signals a new era of heightened scrutiny and procedural rigor in foreclosure litigation, says Andrew McBride and Adams & Reese.

  • Demystifying The Civil Procedure Rules Amendment Process

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    Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.

  • A Foreign Currency Breach Won't Always Sink EB-5 Cases

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    Recent court decisions show that, while EB-5 investors must be able to show the lawfulness of their funds and methods of transfer, a third-party currency exchanger's violation of another country’s currency export control law does not, by itself, taint the funds for purposes of U.S. investment, says Jun Li at Reid & Wise.

  • With Obligor Ruling, Ohio Justices Calm Lending Waters

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    A recent decision by the Ohio Supreme Court, affirming a fundamental principle that lenders have no duty to disclose material risks to obligors, provides clarity for commercial lending practices in Ohio and beyond, and offers a reminder of the risks presented by guarantee arrangements, says Carrie Brosius at Vorys.

  • Evaluating The SEC's Rising Whistleblower Denial Rate

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    The rising trend of U.S. Securities and Exchange Commission whistleblower award claim denials represents a departure from the SEC's previous track record and may reflect a more conservative approach to whistleblower award determinations under the current administration, say attorneys at Troutman Pepper.

  • State Crypto Regs Diverge As Federal Framework Dawns

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    Following the Genius Act's passage, states like California, New York and Wyoming are racing to set new standards for crypto governance, creating both opportunity and risk for digital asset firms as innovation flourishes in some jurisdictions while costly friction emerges in others, say attorneys at Sheppard Mullin.

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.

  • Series

    Teaching Trial Advocacy Makes Us Better Lawyers

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    Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.

  • What New CFPB Oversight Limits Would Mean For 4 Markets

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    As the Consumer Financial Protection Bureau continues to centralize its resources, proposals to alter the definition of larger market participants in the automobile financing, international money transfer, consumer reporting and consumer debt collection markets would reduce the scope of the bureau's oversight, say attorneys at Holland & Knight.

  • Potential Paths To Modernizing The Bank Secrecy Act

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    The Bank Secrecy Act's analog design has become increasingly incompatible with today's digital financial ecosystem, but legislative reforms, coupled with regulatory adjustments including updated thresholds, feedback mechanisms and innovation sandboxes, would help adjust the act to the unique challenges of modern technology, says Matthew Biben at King & Spalding.

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