Banking

  • February 27, 2026

    SEC Issues Final Rules For Foreign Private Issuer Reporting

    The U.S. Securities and Exchange Commission on Friday adopted final rules requiring directors and officers of foreign private issuers to begin disclosing their holdings and transactions of the issuer's securities on March 18, as mandated under a new law aimed at cracking down on foreign insider trading.

  • February 27, 2026

    Deutsche Bank Drops $180M Bond Bid Against Billionaire Vik

    Deutsche Bank has agreed to drop a request in Connecticut for billionaire Alexander Vik and his daughter to post a $180 million bond while the pair block litigation in Norway connected to a $243 million United Kingdom judgment surrounding unpaid margin calls.

  • February 27, 2026

    PG&E Investors' $100M Wildfire Suit Deal Gets Initial OK

    California utility Pacific Gas & Electric Co., its brass, underwriters and shareholders have received initial approval of their $100 million deal settling claims the company misled investors about its safety practices ahead of deadly wildfires in the past decade.

  • February 27, 2026

    Credit Bureaus Fight Bid To Add Plaintiffs, Claims To Suit

    Medical providers and a collection agency in a proposed class action accusing Equifax, Experian and TransUnion of conspiring to exclude less than $500 in medical debt from consumer credit reports lack good cause to again amend their complaint, the credit reporting agencies told a federal court. 

  • February 27, 2026

    Santander Sued In Pa. Over Alleged 'Pay-To-Pay' Loan Fees

    Santander Consumer USA Inc. has been sued for charging and collecting allegedly illegal "pay-to-pay" fees from Pennsylvania residents who financed a car through the Texas-based auto-lending business.

  • February 27, 2026

    Bitcoin ATM Scam Suit Will Go To Arbitration, Ind. Judge Rules

    A retiree's proposed class action claiming that Bitcoin Depot Inc. facilitates fraud schemes that target the elderly belongs in arbitration, an Indiana federal judge has ruled after finding the retiree agreed to the company's terms, which include an arbitration clause, each time he used one of their ATMs.

  • February 27, 2026

    Taxation With Representation: Linklaters, Wilson Sonsini

    In this week's Taxation With Representation, French electric utility Engie acquires UK Power Networks, Gilead Sciences Inc. buys clinical-stage biotechnology company Arcellx Inc., and The Brink's Co. acquires NCR Atleos in a deal that unites two major companies in the ATM business.

  • February 27, 2026

    Tricolor Noteholders Say Big Banks Ignored Auto Loan Fraud

    Securitized auto loan investors are suing JPMorgan, Barclays and Fifth Third in New York federal court, alleging the banks ignored glaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings that collapsed in bankruptcy last year.

  • February 26, 2026

    Ex-Morgan Stanley Pro's NBA Fraud Rap Falls Short, Jury Told

    An attorney for a former Morgan Stanley investment adviser accused of defrauding NBA stars by feeding them overpriced insurance investments and stealing funds told a Manhattan federal jury Thursday the players' own words and other evidence belie the government's claims.

  • February 26, 2026

    Ex-Paxful CEO Charged Over Anti-Money Laundering Failures

    Federal authorities have arrested the former CEO of now-shuttered crypto exchange Paxful and accused him of willfully failing to maintain anti-money laundering policies that enabled scammers and prostitution enterprises, newly unsealed court documents show.

  • February 26, 2026

    Fiserv Seeks Exit From Credit Union Security Flaws Suit

    Fiserv Inc. has urged a Florida federal judge to toss a credit union's suit claiming the payment systems company has allowed its online banking platform to be "repeatedly hacked, again and again," arguing the long-running contract between itself and the credit union does not obligate Fiserv to implement the security features the credit union is now demanding.

  • February 26, 2026

    SEC Fines Ill. Adviser Over COVID-Era Loan Valuations

    The U.S. Securities and Exchange Commission announced that formerly registered investment firm Madison Capital Funding LLC will pay $900,000 to settle claims that it did not properly gauge the effects of market disruptions related to the COVID-19 pandemic when selling certain loans.

  • February 26, 2026

    Fed's Bowman Says Basel Redo Coming By End Of March

    Federal Reserve Vice Chair for Supervision Michelle Bowman told senators Thursday that federal regulators plan to release a reworked Basel III endgame proposal in the next month, stressing that relaxing the capital treatment of mortgage activity will be one of its top goals.

  • February 26, 2026

    Fifth Third Bank Pursues $80M From Texas Developer

    Fifth Third Bank has sued a San Antonio real estate developer in Texas federal court for more than $80 million, seeking to invoke guaranties on two troubled construction loans after the borrowing entities defaulted and filed for bankruptcy.

  • February 26, 2026

    Brink's, NCR Ink $6.6B Deal As Sidley, King & Spalding Advise

    The Brink's Co. said Thursday it has agreed to purchase NCR Atleos in a cash-and-stock transaction valued at approximately $6.6 billion, with Sidley Austin LLP advising Brink's and King & Spalding LLP guiding NCR.

  • February 26, 2026

    11th Circ. Axes ATM Co.'s Latest Bid To Revive Patent Dispute

    The Eleventh Circuit ended an ATM technology company's attempt to relitigate a patent infringement suit against a competitor, ruling Thursday that the claims are barred because they could have been brought up in a previous suit.

  • February 26, 2026

    Vanguard Will Pay $29.5M To Settle Red States' ESG Suit

    The Vanguard Group Inc. will pay $29.5 million to settle claims brought by several conservative states accusing it and other large asset managers of driving up coal prices by pressuring publicly traded energy companies to lower their output to meet carbon emission reduction goals.

  • February 26, 2026

    Ex-Exec. In $2B Denmark Tax Scheme Hid Assets, Court Told

    A Florida man involved in a $2 billion Danish tax refund scheme fraudulently transferred millions of dollars to a U.S. company to prevent the Danish government from seizing those assets, Denmark's tax agency told a New Jersey federal court.

  • February 26, 2026

    'OnlyFake' Website Operator Cops To $1.2M ID Fraud Scheme

    A Ukrainian national told a Manhattan federal judge on Thursday that he conspired to operate a lucrative identification-faking business, admitting to a conspiracy count after prosecutors said his artificial intelligence-driven "OnlyFake" website catered to money launderers and generated $1.2 million.

  • February 25, 2026

    Jefferies Faces Investor Fraud Suit Tied To First Brands Crash

    Jefferies Financial Group investors accused the financial services firm of misrepresenting the safeguards of a fund linked to now-bankrupt auto parts maker First Brands Group in order to secure their $25 million investment, according to a New York lawsuit made public Wednesday.

  • February 25, 2026

    OCC Unveils Landmark Stablecoin Rule Proposal

    The Office of the Comptroller of the Currency took a significant step Wednesday toward standing up its oversight framework for stablecoin issuers, proposing rules that lay out how licensing will work, what activities will be allowed and what prudential standards will apply.

  • February 25, 2026

    Ex-Morgan Stanley Pro Abused NBA Players' Trust, Jury Hears

    A prosecutor told a Manhattan federal jury Wednesday that former Morgan Stanley investment adviser Darryl Cohen pulled off a long con of current and former NBA players, winning their confidence and friendship before cheating them out of more than $5 million.

  • February 25, 2026

    Senate Bill Would Make Gov't Admit It Perused Your Emails

    Courts issue hundreds of thousands of criminal surveillance orders each year, allowing law enforcement to spy on suspects beyond the bounds of what is normally legal, but a bill reintroduced Wednesday in the U.S. Senate aims to shed light on the process by informing someone when the government wanted their digital information.

  • February 25, 2026

    DCG Crypto Class Action Proceeds, But State Law Claims Cut

    Digital Currency Group must face a proposed class action accusing it of trying to conceal a $1.1 billion debt crisis from lenders through a "sham transaction" with its crypto-lending subsidiary, but a Connecticut federal judge cut state law claims on the grounds that they overlapped with the suit's federal securities claims and could delay the action if allowed to remain.

  • February 25, 2026

    4 Questions About Trump's Retirement Savings Pitch

    President Donald Trump's promise that workers whose employers don't contribute to their retirement savings will get access to the same type of retirement plan that federal employees have has caught the attention of benefits attorneys, who said they have numerous questions about what that might look like. Here, Law360 looks at four of those questions.

Expert Analysis

  • 4 Ways GCs Can Manage Growing Service Of Process Volume

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    As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q4

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    In the fourth quarter of last year, New York state enacted several developments that affect financial services regulation and business, cementing upcoming compliance obligations including cybersecurity best practices and retail stores' cash management, says Chris Bonner at Barclay Damon.

  • Series

    The Law Firm Merger Diaries: Forming Measurable Ties

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    Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.

  • Opinion

    US Cybersecurity Strategy Must Include Immigration Reform

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    Cyberthreats are escalating while the cybersecurity workforce remains constrained due to a lack of clear standards for national-interest determinations, processing backlogs affecting professionals who protect critical public systems and visa allocations that do not reflect real-world demands, says Rusten Hurd at Colombo & Hurd.

  • How 2025 Executive Orders Are Reshaping Consumer Finance

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    In 2025, President Donald Trump used executive orders to initiate a reversal of policies on fair lending, urge agencies to use enforcement and supervisory tools to police debanking, and reduce consumer financial regulation — and the resulting flurry of deregulatory activity will likely continue in 2026, says Elizabeth Tucci at Goodwin.

  • OFAC Sanctions Will Intensify Amid Global Tensions In 2026

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    The Office of Foreign Assets Control will ramp up its targeting of companies in the private equity, venture capital, real estate and legal markets in 2026, in keeping with the aggressive foreign policy approach embraced by the Trump administration in 2025, say attorneys at Holland & Knight.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Reinventing Bank Risk Mgmt. After 2025's Cartel Crackdown

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    The Trump administration's 2025 designation of certain transnational drug cartels as terrorists means that banks must adapt to a narrowing margin of error in their customer screening and transaction assessments by treating financial crime prevention as a continuous and cross-enterprise concern with national security implications, says Jack Harrington at Bradley Arant.

  • Roundup

    Massachusetts Banking Brief

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    In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in Massachusetts banking regulation and policymaking.

  • Reviewing Historical And Recent NYDFS Blockchain Guidance

    Excerpt from Practical Guidance
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    An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Shopify Suit Is An Early Antitrust Test Of 'Buy Now, Pay Later'

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    An ongoing antitrust suit in Minnesota federal court filed by Sezzle against Shopify — one of the earliest such lawsuits focused on buy now, pay later services — could play a particularly informative role in how short-term credit offerings and the broader market develop, say attorneys at Alston & Bird.

  • 2025's Most Notable State AG Activity By The Numbers

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    State attorneys general were active in 2025, working across party lines to address federal regulatory gaps in artificial intelligence, take action on consumer protection issues, continue antitrust enforcement and announce large settlements on behalf of their citizens, say attorneys at Jenner & Block.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Banking M&A Outlook Reflects Favorable Regulatory Climate

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    The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.

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