Banking

  • February 24, 2026

    DC Circ. Weighs Power To Keep CFPB Job Cuts On Hold

    D.C. Circuit judges wrestled Tuesday with the Trump administration's push to lift an injunction blocking mass layoffs at the Consumer Financial Protection Bureau, signaling doubts about the government's position that the lower court order was wholly ill-founded and overbroad.

  • February 24, 2026

    DC Circ. Presses Gov't On Reason For $20B EPA Clawback

    The full D.C. Circuit gave the federal government the third degree Tuesday as it tried to convince the court that it should stick with a panel's decision that the Environmental Protection Agency is allowed to freeze $20 billion in grant funds intended for green groups.

  • February 24, 2026

    Watchdog Fines Debt Collector $100K For Repeat Calls To ER

    Connecticut's banking regulator has issued a cease-and-desist order and levied a $100,000 civil penalty against an unlicensed debt collector that it accused of placing two back-to-back phone calls to a hospital emergency room in an effort to reach a debtor.

  • February 24, 2026

    NC Judge Tosses 'Zombie Mortgage' Debt Collection Suit

    A mortgage loan servicer and a trust succeeded in getting tossed a proposed class action brought by a North Carolina couple who claimed the entities tried to unlawfully collect interest and fees on their mortgage that was discharged in bankruptcy and then tried to foreclose on their home.

  • February 24, 2026

    11th Circ. Clears Path For CFPB's Clean-Energy Loan Rule

    The Eleventh Circuit on Tuesday allowed the Consumer Financial Protection Bureau's new rule on clean-energy home improvement loans to take effect next week, rejecting a last-ditch attempt by a trade group to block the Biden-era measure's mortgage-style protections.

  • February 24, 2026

    A 'Bank Is A Bank': Lender Denies Aiding $100M Trust Fraud

    A Texas bank sought to dismiss an adversary complaint alleging it helped a nonprofit founder defraud a special needs trust out of $100 million, telling a Florida federal bankruptcy court Tuesday the lawsuit doesn't plausibly claim the lender knew of any wrongdoing.

  • February 24, 2026

    4th Circ. Backs Homeowners In Fight With Loan Servicer

    The Fourth Circuit has revived a proposed class action West Virginia homeowners brought against the mortgage subservicer LoanCare LLC over alleged interest overcharges, ruling the lower court improperly interpreted state law in requiring proof of an intentional violation for a claim.

  • February 24, 2026

    Terraform Says Jane Street 'Insider Trading' Led To Ch. 11

    The administrator for bankrupt cryptocurrency company Terraform Labs has sued trading firm Jane Street in New York federal court over what Terraform says was an insider trading scheme to "front-run trading that hastened the collapse of Terraform."

  • February 24, 2026

    Pot Cos. Can't Reframe Loan Interest In Contract Suit

    A New Jersey federal judge won't let a group of cannabis companies recharacterize their interest payments as principal payments to a lender they say falsely held them in default, saying the contract agreements don't support the claim.

  • February 24, 2026

    Banking Groups Say Reg Tweaks Would Bolster Home Loans

    A coalition of banking trade groups and related entities urged federal regulators to adopt revisions to bank capital requirements, including adopting a more granular approach to residential mortgage loan risk weighting, to encourage banks' reentry into mortgage lending.

  • February 24, 2026

    Personal Injury Firm Fights Sanctions Bid In Swipe-Fee Case

    A personal injury firm and its referral partner have pushed back against a sanctions bid from a class of merchants in a long-running antitrust litigation against Visa and Mastercard over swipe fees, arguing the plaintiffs are seeking "drastic relief" without a showing that any class member was harmed by allegedly misleading information the firm gave them.

  • February 24, 2026

    SEC's Crypto Task Force Taps Chainlink Atty As Chief Counsel

    The U.S. Securities and Exchange Commission has brought on the former deputy general counsel of blockchain app development platform Chainlink to lead the agency's Crypto Task Force after its previous chief, Michael Selig, left to lead the U.S. Commodity Futures Trading Commission.

  • February 24, 2026

    Wells Fargo Denies Involvement In Alleged Fla. EB-5 Fraud

    Wells Fargo urged a Florida federal court to dismiss it from a proposed class action from EB-5 investors who say the bank facilitated a fraudulent real estate project in Orlando, Florida, arguing the complaint is an untimely "misguided attempt to saddle Wells Fargo with liability."

  • February 23, 2026

    Northern Trust Wants Heiress' Fraud Claims Tossed

    The Northern Trust Co. seeks to shed certain claims that it failed to prevent a former vice president from looting the trust of an elderly banking heiress, arguing that it was also a victim of the alleged scheme and "no company is immune to dishonest actors."

  • February 23, 2026

    NY Pitches Pay-Later Oversight Rules, Borrower Protections

    Buy-now-pay-later providers in New York would face new licensing and supervision requirements, consumer disclosure standards, fee limits and other restrictions under draft rules unveiled Monday by the state's financial services regulator.

  • February 23, 2026

    Banking Orgs. Silent On Trump Family-Tied Crypto Charter Bid

    Two banking industry groups that publicly opposed applications from at least eight crypto firms seeking national trust charters did not weigh in on a similar bid from the Trump-family tied crypto business World Liberty Financial, while public advocacy group commenters blasted the WLF application as being riddled with conflicts.

  • February 23, 2026

    Fed Defends Ex-Wells Fargo Exec's Golden Parachute Denial

    The Federal Reserve urged a California federal court to uphold its denial of a former Wells Fargo anti-money laundering executive's bid for a "golden parachute" payout of over $450,000, arguing he was found responsible for significant problems that led to a consent order for the bank a decade ago.

  • February 23, 2026

    Capital One Fights Consumers' Sanction Bid In Privacy Suit

    Capital One urged a California federal judge Monday to reject customers' sanctions bid for allegedly failing to provide sufficient discovery in privacy litigation, saying the bank provided requested discovery and the information consumers now seek relates to a different factual and legal theory that they "pivoted" to after discovery closed.

  • February 23, 2026

    Crypto.com Says OCC Gave Initial OK To Trust Charter Bid

    Crypto.com announced Monday that it's the latest crypto-focused firm to receive a conditional approval for a national trust charter from the Office of the Comptroller of the Currency, clearing the way for its Crypto.com National Trust Bank to offer expanded crypto custody services and trade settlement.

  • February 23, 2026

    NJ Statehouse Catch-Up: Family Leave, PFAS, Farmland Tax

    In his final days as New Jersey governor, Phil Murphy was busy signing a slew of measures reforming existing legislation as well as bills aimed at breaking new ground.

  • February 23, 2026

    Senate Dems Aim To Require Refunds Of Illegal Trump Tariffs

    Senate Democratic lawmakers introduced legislation Monday to require the federal government to issue refunds to importers for duties paid that were imposed by President Donald Trump under the International Emergency Economic Powers Act, following the U.S. Supreme Court's ruling deeming those measures unlawful.

  • February 23, 2026

    JPMorgan Asks To Send Trump's $5B Debanking Suit To NY

    JPMorgan Chase has formally requested to move President Donald Trump's $5 billion debanking lawsuit from Florida to New York federal court, arguing that the terms governing the president's now-closed accounts require the case to be litigated there.

  • February 23, 2026

    Analyst Who Claimed She Was Fired For Needing Sleep Settles

    A New Jersey woman who claimed she was fired by Centerview Partners after disclosing she needed consistent sleep to manage a health disorder settled her case against the investment bank ahead of a jury trial in New York federal court, the bank said Monday.

  • February 23, 2026

    Debt Services Firm Challenges Connecticut Banking Penalties

    An Illinois company that provides administrative services to debt adjusters has sued the Connecticut Department of Banking, challenging an administrative order to make restitution to Constitution State customers and potentially pay up to $100,000 for each alleged violation of debt adjustment and money transmission licensing rules.

  • February 23, 2026

    Justices Deny Review Of Consultancy's $5M SBA Loan Suit

    The U.S. Supreme Court on Monday let stand a lower court ruling that found a risk management firm's $5 million loan did not qualify for debt relief from the U.S. Small Business Administration during the COVID-19 pandemic.

Expert Analysis

  • Series

    Mass. Banking Brief: All The Notable Legal Updates In Q4

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    Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    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.

  • State AG Enforcement During CFPB Gap Predicts 2026 Trends

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    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.

  • Series

    A Day In The In-House Life: Chime GC Talks Pathfinding

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    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.

  • US Sanctions Targeting Russia's Oil Giants Heighten Biz Risks

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    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.

  • Expect A New Normal In Commercial Real Estate This Year

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    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.

  • 2nd Circ. Ruling Shows Procedural Perils Of Civil Forfeiture

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    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.

  • Preparing For Congressional Investigations In A Midterm Year

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    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.

  • How Bank M&A Prospects Brightened In 2025

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    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.

  • 3 Securities Litigation Trends To Watch In 2026

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    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.

  • Funding Haze And Deregulatory Pursuits: The CFPB In 2026

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    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.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    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.

  • Navigating AI In The Legal Industry

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    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.

  • Regulatory Rollback And Lingering Limbo: The CFPB In 2025

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    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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