Banking

  • 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. 

  • 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.

  • 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.

  • 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.

  • 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.

  • 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."

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • January 07, 2026

    JPMorgan Unit To Use AI Tool Over Proxy Advisory Firms

    JPMorgan Chase's asset management arm has eliminated its reliance on outside advisory firms for data collection and proxy voting recommendations and will instead use an in-house, artificial intelligence-powered tool to aggregate and analyze data from U.S. corporate meetings.

  • January 07, 2026

    Trump Family-Tied Stablecoin Co. Seeks Bank Charter

    The Trump family-tied crypto company World Liberty Financial said Wednesday that it's filed an application with the Office of the Comptroller of the Currency to become a national trust bank as it looks to expand its stablecoin business, drawing the ire of one lawmaker, who called the application a conflict of interest.

  • January 07, 2026

    Calif. Mortgage Co. Beats Whistleblower Suit Over PPP Loans

    A residential mortgage lender has shed a False Claims Act suit alleging it obtained Paycheck Protection Program loans it was ineligible for, though a California federal judge gave the would-be whistleblower a chance to revise its claims.

  • January 07, 2026

    2 European Fintechs Seek OCC Bank Charters

    Two European fintechs are seeking sign-offs from the Office of the Comptroller of the Currency to set up U.S. banks, including a firm planning to issue its own stablecoin.

  • January 07, 2026

    Tricolor Ex-CEO Must Take Questions At Creditor Meeting

    A Texas bankruptcy judge on Wednesday said the former chief executive of bankrupt subprime car loan lender Tricolor Holdings will have to appear at a creditor meeting despite his argument that he won't be able to answer questions without incriminating himself in his fraud trial.

  • January 07, 2026

    Ex-TD Bank Employee Cops To Aiding Money Laundering

    A former TD Bank assistant store manager has copped to a single money laundering conspiracy charge in connection with New Jersey federal prosecutors' claims that he took bribes to aid a money laundering network that ultimately moved $474 million through the bank.

  • January 07, 2026

    First Brands' Ex-Execs Can Tap Only Some D&O Coverage

    A Texas bankruptcy judge Wednesday allowed former First Brands executives to access about half of the company's directors and officers insurance to help pay for their legal fees as they face misconduct claims, ruling that the remainder of the proceeds are property of the car parts maker's bankruptcy estate.

  • January 07, 2026

    Incora Minority Noteholders To Appeal 'Uptier' Loss

    Minority noteholders that lost collateral rights in a 2022 financing deal at aircraft parts supplier Incora will appeal a decision by a Texas federal judge that had upheld the debt exchange, according to a notice filed Tuesday.

  • January 07, 2026

    Block Inc., Dorsey Must Face Suits Over Compliance Claims

    A California federal judge has ruled that the parent company of Square and Cash App, Block Inc., and its officers and directors must face claims of compliance failures in a class action and separate derivative suit, finding, among other things, that the derivative suit adequately pleads that Block's board failed to properly oversee the company's compliance program.

  • January 07, 2026

    Reckless Conduct Can Be Willful FBAR Failure, 2nd Circ. Says

    The standard for willful failure to report foreign bank accounts includes reckless conduct, and a 6% late payment penalty is mandatory for a couple who neglected fines for stashing millions in an undisclosed Swiss account, the Second Circuit said Wednesday, upholding a lower court's judgment.

  • January 07, 2026

    KeyBank Will Pay $7.7M To Resolve Branch Manager's Fraud

    KeyBank National Association has agreed to pay more than $7.7 million to settle allegations it violated the False Claims Act by submitting forgiveness requests for dozens of Paycheck Protection Program loans that one of its branch managers helped fraudulently obtain, federal prosecutors announced Wednesday.

  • January 07, 2026

    Jones Day Adds Ex-SEC Deputy Enforcement Director In Ga.

    Jones Day has added to its Atlanta investigations and white collar defense practice a former deputy enforcement director of the U.S. Securities and Exchange Commission, the firm announced on Wednesday.

Expert Analysis

  • How Fed. Circ. Shaped Subject Matter Eligibility In 2025

    Author Photo

    The Federal Circuit's most impactful patent eligibility decisions this year, touching on questions about obviousness and abstractness, provide a toolbox of takeaways that can be utilized during patent preparation and prosecution to guard against potential challenges, says Reilley Keane at Banner Witcoff.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

    Author Photo

    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling

    Author Photo

    Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.

  • 10th Circ. Decision May Complicate Lending In Colorado

    Author Photo

    The Tenth Circuit's decision last month in National Association of Industrial Bankers v. Weiser clears the way for interest rate limits on all consumer lending in Colorado, including loans from out-of-state banks, potentially adding new complexities to lending to Colorado residents, say attorneys at Manatt.

  • Series

    Preaching Makes Me A Better Lawyer

    Author Photo

    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • Why Digital Asset Treasuries Are Drawing Regulator Concerns

    Author Photo

    Financial regulators’ recent focus on potential insider trading and investor risk at hundreds of publicly traded digital asset treasuries may have been summoned by how quickly this rapidly expanding market responds to asset allocation decisions, as well as variations in risk disclosure practices across the sector, say attorneys at The Brattle Group.

  • Minn. Financial Abuse Law Should Prompt Operational Review

    Author Photo

    A new Minnesota law targeting the financial exploitation of vulnerable adults with an order-for-protection mechanism will affect multiple functions across banking organizations, and in the time remaining in 2025, banks should take action to update any needed workflow and documentation protocols, say attorneys at Winthrop & Weinstine.

  • SEC Penalties Trended Down In FY 2025, Offering 2026 Clues

    Author Photo

    The U.S. Securities and Exchange Commission's settled corporate penalties in fiscal year 2025 show a clear dividing line, as the largest penalties all came before Inauguration Day, a trend that may continue as the types of cases that lead to the biggest penalties seem to be no longer favored by the commissioners, say attorneys at Dentons.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

    Author Photo

    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • A Close Look At The Evolving Interval Fund Space

    Author Photo

    Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

  • A Primer On NYDFS' 3rd-Party Cybersecurity Guidance

    Author Photo

    The New York Department of Financial Services' recently released comprehensive guidance for registrants on managing cybersecurity risks associated with third-party service providers illustrates why proactive engagement by senior leadership, robust due diligence, strong contractual protections and ongoing oversight are essential to mitigating growing risks, say attorneys at McGuireWoods.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

    Author Photo

    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • The Future Of Digital Asset Oversight May Rest With OCC

    Author Photo

    How the Office of the Comptroller of the Currency handles fintechs' growing interest in national trust bank charters, demonstrated by a jump in filings this year, will determine how far the federal banking system extends to digital assets, and whether the charter becomes a mainstream supervisory pathway, say attorneys at Sheppard Mullin.

  • What CFPB Disparate Impact Proposal Means For Lenders

    Author Photo

    Should the Consumer Financial Protection Bureau's reasoning for making proposed changes to the Equal Credit Opportunity Act — and the bureau itself — survive, lenders and other participants in the consumer finance industry may see a reduced emphasis on protected characteristics, say attorneys at Saul Ewing.

  • Considerations When Invoking The Common-Interest Privilege

    Author Photo

    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.