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									October 24, 2025
									Crypto.com Joins Wave Of Crypto Trust Charter BidsDigital asset platform Crypto.com said Friday that it has applied for a national trust charter with the Office of the Comptroller of the Currency to boost its custody services, becoming the latest crypto-focused firm to approach the OCC. 
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									October 24, 2025
									Experian Faces 4th Circ. Fight Over Credit Probe DisputeThe named plaintiff in a proposed class action accusing Experian of not properly reinvestigating credit reports with alleged inaccuracies is appealing a North Carolina federal judge's opinion that dismissed the last vestiges of his complaint, court records show. 
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									October 24, 2025
									IOLTA Funds Should Go To State, Conn. Panel RulesThe Connecticut Appellate Court on Friday ordered an attorney's Interest on Lawyers' Trust Account funds to escheat to the state after an ethics audit, flipping a trial court judge's decision that they should return to the lawyer, whose suspension from the practice of law has resulted in several appellate matters. 
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									October 24, 2025
									Federal Home Loan Bank Of Atlanta Taps CLO As Next CEOThe Federal Home Loan Bank of Atlanta has tapped its executive vice president and chief legal and compliance officer to serve as president and chief executive officer starting Jan. 1 after the current leader retires at the end of 2025. 
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									October 24, 2025
									NY AG Pleads Not Guilty, Says Prosecutor's Appt. Is 'Unlawful'New York Attorney General Letitia James pled not guilty in Virginia federal court Friday to mortgage-related fraud charges that she says are part of President Donald Trump's revenge campaign against his perceived political foes, teeing up a fight over a White House-appointed prosecutor's legal authority. 
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									October 24, 2025
									UK Litigation Roundup: Here's What You Missed In LondonThis past week in London has seen the Financial Conduct Authority launch legal action against a Chinese cryptocurrency exchange, The Londoner magazine face a defamation claim from an entrepreneur accused of "scamming" Knightsbridge landlords, and Gucci sued by its cosmetics supplier as L'Oréal announces plans to buy the Italian fashion house's beauty brand. Here, Law360 looks at these and other new claims in the U.K. 
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									October 23, 2025
									Ex-Amazon Coder Says She's Turned Life Around Since HackA former Amazon.com Inc. coder who exposed the personal data of nearly 100 million people should be sent to prison, the U.S. government said in a new Seattle federal court filing that seeks a seven-year sentence for her. 
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									October 23, 2025
									Debt Co. Owner Says CFPB Erred With $5.8M Restitution BidA U.S. Consumer Financial Protection Bureau bid for $5.8 million in restitution against a manager of a now-shuttered debt relief company should be denied because it does not take into account refunds that customers have already received, a California federal judge has been told. 
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									October 23, 2025
									Ex-SVB Top Brass Can't Ditch FDIC Suit Over 2023 CollapseSilicon Valley Bank's former CEO and several other past members of the bank's top brass must face a suit from the Federal Deposit Insurance Corp. accusing them of mismanagement that led to the bank's costly 2023 failure, a California federal judge has ruled. 
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									October 23, 2025
									Truist Bank $4M Robocall Deal, $1.3M Fee Get Final OKA $4.1 million settlement between Truist Bank and a group of nearly 6,000 cellphone users who alleged the bank violated the Telephone Consumer Protection Act by sending them unwanted robocalls was granted final approval in North Carolina federal court Thursday. 
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									October 23, 2025
									FINRA Announces Probe Of Broker-Dealers' China WorkThe Financial Industry Regulatory Authority notified its members on Thursday that it is investigating broker-dealers that have helped small companies based out of China and other foreign jurisdictions to go public, signaling that it is looking for possible stock manipulation tied to the firms' work. 
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									October 23, 2025
									Lending App EarnIn Users Must Arbitrate NC Class ClaimsUsers of payday loan app EarnIn must arbitrate claims that the company's cash advance product violates North Carolina's consumer protection laws, a federal judge ruled, finding that the users clearly agreed to arbitration when they signed up for the app. 
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									October 23, 2025
									Full 5th Circ. Asked To Rehear Texas Bankers' OCC DisputeTwo former Texas bankers have asked the full Fifth Circuit to revive their constitutional challenge to an in-house Office of the Comptroller of the Currency enforcement case, arguing that the appellate panel's decision to reject their appeal wrongly stripped them of their right to a jury trial and handed banking agencies "unlimited discretion" to prosecute old misconduct. 
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									October 23, 2025
									Paychex Beats Privacy Suit Over 2024 Data Breach, For NowPaychex defeated, for now, a suit filed by a woman who alleged it allowed hackers to access her bank accounts by failing to keep her personal information safe from a data breach, after a Pennsylvania federal judge said Wednesday her complaint "stops short of saying how" Paychex's conduct led to her injury. 
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									October 23, 2025
									Del. Justices Won't Reconsider Gellert Seitz Malpractice RulingThe Delaware Supreme Court on Thursday rejected a request to reconsider its decision affirming the dismissal of a legal malpractice suit against Gellert Seitz Busenkell & Brown LLC over damages a homebuilder said it suffered due to the firm's negligence handling loan-restructuring disputes, saying the request is "without merit." 
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									October 23, 2025
									Bradley Arant Adds Atlanta Attys From CFPB, In-House RoleBradley Arant Boult Cummings LLP has boosted the firm's growing Atlanta office with the assistant litigation deputy for the Consumer Financial Protection Bureau and the senior corporate counsel at GoTo Foods, the parent company of brands like Cinnabon. 
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									October 23, 2025
									Trump Pardons Convicted Binance Founder Changpeng ZhaoPresident Donald Trump has pardoned the convicted Binance founder Changpeng Zhao, a move that could open the door for Zhao to return to Binance if he so chooses, and for the crypto exchange to renegotiate the terms of its own plea deal, experts said Thursday. 
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									October 22, 2025
									Trump Admin Battles DC Circ. Rehearing Bid In CFPB CaseThe Trump administration has urged the full D.C. Circuit to keep in place a split panel's ruling that would allow mass layoffs at the Consumer Financial Protection Bureau, dismissing a union-led bid for full-court review as one that's built on a misguided "straw man" attack. 
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									October 22, 2025
									Fintechs, Banks Clash Over Open Banking Rule RevisionsTrade groups representing banks and fintechs clashed in comment letters over the Consumer Financial Protection Bureau's plans to revise its data-sharing mandate, as banks urged the agency to scrap much of the earlier rule for favoring fintechs, while the tech upstarts argued many of the provisions remain necessary to bust banks' allegedly anticompetitive behavior. 
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									October 22, 2025
									Experian Can't Slash CFPB Suit Over Tolling Deal 'Mistake'A California federal judge on Wednesday refused to toss part of a Consumer Financial Protection Bureau suit against Experian's U.S. operating subsidiary, saying the credit bureau's statute-of-limitations defense "defies logic" to suggest Experian Information Solutions wasn't bound by a tolling deal its own lawyers helped negotiate. 
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									October 22, 2025
									Banks Want Ill. Fee Law Block Extended To Card NetworksBanking industry groups urged an Illinois federal judge Wednesday to permanently block an Illinois law that bans swipe fees on tax and tip portions of payment card transactions, arguing she has already correctly held that national banks are federally preempted from its reach, and that the court should extend that relief to card networks and others involved in the payment process. 
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									October 22, 2025
									Origins Tech Settles $4M Suit Over Canceled Pot LicenseCannabis brand holding and investment company Origins Tech Inc. has settled its legal fight with a Utah cannabis retailer, with both agreeing to drop claims and counterclaims alleging nearly $1 million in unpaid loans and breached contracts. 
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									October 22, 2025
									Crypto Exchange Fined $126.4M For AML Violations In CanadaA Canadian financial regulator on Wednesday ordered crypto exchange Cryptomus to pay a 177 million Canadian dollar ($126.4 million) penalty to resolve anti-money laundering compliance claims, many of which concern transactions connected to sex trafficking and fraud. 
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									October 22, 2025
									Farmers' Ohio Deal Is Latest Amid Banking M&A SurgeFarmers National Banc Corp. said Wednesday it has agreed to purchase Middlefield Banc Corp. for $299 million, amid a record-breaking run for banking deals that experts tell Law360 is being fueled by more favorable regulatory dynamics and years of pent-up demand. 
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									October 22, 2025
									UBS Urges Justices Not To Revive Retaliation Case AgainUBS Securities is urging the U.S. Supreme Court not to revive, for a second time, a fired worker's whistleblower retaliation lawsuit, arguing that lower courts should be allowed to consider questions about jury instructions regarding the meaning of "contributing factor" in the Sarbanes-Oxley Act before the high court weighs in. 
Expert Analysis
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								6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy  Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates. 
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								How Crypto Embrace Will Affect Banks And Credit Unions  The second Trump administration has moved aggressively to promote crypto-friendly reforms and initiatives, and as the embrace of stablecoins and distributed ledger technology grows, community banks and credit unions should think strategically as to how they might use these innovations to best serve their customers, says Jay Spruill at Woods Rogers. 
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								In NY, Long COVID (Tolling) Still Applies  A series of pandemic-era executive orders in New York tolling state statutes of limitations for 228 days mean that many causes of action that appear time-barred on their face may continue to apply, including in federal practice, for the foreseeable future, say attorneys at Sher Tremonte. 
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								New Conn. Real Estate Laws Will Reshape Housing Landscape  With new legislation tackling Connecticut's real estate landscape, introducing critical new requirements and legal ambiguities that demand careful interpretation, legal counsel will have to navigate a significantly altered and more complex regulatory environment, say attorneys at Harris Beach. 
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								Opinion Expert Reports Can't Replace Facts In Securities Fraud Cases  The Ninth Circuit's 2023 decision in Nvidia v. Ohman Fonder — and the U.S. Supreme Court's punt on the case in 2024 — could invite the meritless securities litigation the Private Securities Litigation Reform Act was designed to prevent by substituting expert opinions for facts to substantiate complaint assertions, say attorneys at A&O Shearman. 
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								Iran Sanctions Snapback Raises Global Compliance Risks  The reimplementation of U.N. sanctions targeting Iran’s nuclear program, under a Security Council resolution's snapback mechanism, and related actions in Europe and the U.K., may change U.S. due diligence expectations and enforcement policies, particularly as they apply to non-U.S. businesses that do business with Iran, says John Sandage at Berliner Corcoran. 
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								3rd Circ. Ruling Forces A Shift In Employer CFAA Probes  The Third Circuit's recent ruling in NRA Group v. Durenleau, finding that "unauthorized access" requires bypassing technical barriers rather than simply violating company policies, is forcing employers to recalibrate insider misconduct investigations and turn to contractual, trade secret and state-level claims, say attorneys at Sidley. 
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								Glimmers Of Clarity Appear Amid Open Banking Disarray  The Consumer Financial Protection Bureau's vacillation over data rights rules has created uncertainty, but a recent proposal is a strong signal that open banking regulations are here to stay, making now the ideal time for entities to take action to decrease compliance risk, says Adam Maarec at McGlinchey Stafford. 
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								Opinion High Court, Not A Single Justice, Should Decide On Recusal  As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware. 
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								FTC's Consumer Finance Pivot Brings Industry Pros And Cons  An active Federal Trade Commission against the backdrop of a leashed Consumer Financial Protection Bureau will be welcomed by most in the consumer finance industry, but the incremental expansion of the FTC's authority via enforcement actions remains a risk, say attorneys at Hudson Cook. 
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								How A New BIS Rule Greatly Expands Export Restrictions  The newly effective affiliates rule from the U.S. Department of Commerce's Bureau of Industry and Security restricts exports to foreign companies that are 50% or more owned by entities listed on the BIS entity list and the military end-user list — a major shift in U.S. export control enforcement, say attorneys at Simpson Thacher. 
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								What Cross-Border Task Force Says About SEC's Priorities  The formation of the U.S. Securities and Exchange Commission's cross-border task force, focused on investigating U.S. federal securities law violations overseas, underscores Chairman Paul Atkins' prioritization of classic fraud schemes, particularly involving foreign entities, say attorneys at Cleary. 
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								Series Traveling Solo Makes Me A Better Lawyer  Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal. 
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								NY Zelle Suit Highlights Fraud Risks Of Electronic Payments.jpg)  The New York attorney general's recent action against Zelle's parent company, filed several months after the Consumer Financial Protection Bureau abandoned a similar suit, demonstrates the fraud risks that electronic payment platforms can present and the need for providers to carefully balance accessibility and consumer protection, say attorneys at Weiner Brodsky. 
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								Series Law School's Missed Lessons: Client Service  Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.