Banking

  • March 19, 2026

    Palantir Rolls Out AI-Mortgage Platform In Startup Partnership

    Artificial intelligence company Palantir Technologies announced a partnership with startup Moder to build AI-based mortgage operations, starting with Freedom Mortgage, a mortgage originator and servicer, as a pilot customer.

  • March 19, 2026

    Feds' Capital Rule Overhaul Would Give Break To Banks

    Federal regulators moved Thursday to launch a comprehensive overhaul of U.S. bank capital rules, rolling out a long-awaited package of proposed changes that are expected to shave billions off the aggregate amount of capital required for banks of all size ranges.

  • March 18, 2026

    Capital One Beats Consumer Suit Over Discover Deal, Again

    Capital One has persuaded a California federal judge once again to squash a suit brought by credit card users who say that the company's $35 billion purchase of Discover is bad news for them and ought to be unwound, but the court is giving the consumers one last chance.

  • March 18, 2026

    Lawmakers Commit To April Crypto Bill Markup, Or Else

    Sen. Cynthia Lummis, R-Wyo., told attendees of a Wasington, D.C., crypto conference Wednesday that she's confident the Senate Banking Committee will mark up a bill to regulate crypto markets after the Easter break now that compromises on key issues including stablecoin yield are in the final stages.

  • March 18, 2026

    LA Driver Used $2M COVID Loan For Crypto, DOJ Says

    A Los Angeles man who allegedly took $2 million from federal COVID-19-related relief programs and used the money to fund cryptocurrency trading now faces money laundering, wire fraud and bank fraud charges, according to a Department of Justice announcement issued Wednesday.

  • March 18, 2026

    BofA Faces Suit Over Alleged $328M Crypto Ponzi Scheme

    Bank of America NA is the latest financial institution to face claims it aided and abetted a $328 million Ponzi scheme allegedly operated by the now-criminally charged CEO of cryptocurrency investment firm Goliath Ventures.

  • March 18, 2026

    4th Circ. Says Bankruptcy Stay Trumps Arbitration Agreement

    A split Fourth Circuit panel ruled Wednesday that requiring a consumer debtor to arbitrate credit card collection actions would interfere with the clear purpose of the federal bankruptcy code, upholding a pair of lower court rulings that found alleged automatic stay violations by Goldman Sachs Bank should be dealt with through bankruptcy adversary proceedings.

  • March 18, 2026

    Ex-Execs Ask Justices To Review Ruby Tuesday Benefits Fight

    Former Ruby Tuesday managers are urging the U.S. Supreme Court to review their dispute alleging Regions Bank lost them $35 million in retirement plan benefits that were liquidated in bankruptcy, saying an appellate court erred in denying them monetary relief.

  • March 18, 2026

    Fla. Court Ends Ex-Bank CEO's Bid To Revive Contract Claims

    A former bank CEO can't file another amended complaint against First Horizon Bank claiming he was set up as a scapegoat in the legal fallout of a $1.2 billion Ponzi scheme, a Florida appeals court ruled Wednesday.

  • March 18, 2026

    Powell Says He Won't Make Fed Exit While Facing DOJ Probe

    Federal Reserve Chair Jerome Powell said Wednesday that he will stay on as a board member of the central bank if he remains under U.S. Department of Justice investigation when his term as Fed chairman runs out this spring.

  • March 18, 2026

    8th Circ. Seems Skeptical About Nix Of Wells Fargo 401(k) Suit

    The Eighth Circuit appeared skeptical Wednesday of the reasoning behind a lower court's decision to toss a proposed class action alleging Wells Fargo's 401(k) forfeiture spending violated federal benefits law, but still expressed doubts about the case's viability.

  • March 17, 2026

    SEC Draws Lines With Crypto 'Token Taxonomy' Guidance

    The U.S. Securities and Exchange Commission shared its anticipated "token taxonomy" on Tuesday, issuing interpretive guidance that detailed which types of cryptocurrency assets appear to be beyond the reach of securities laws and the circumstances that could pull them back into the regulator's oversight as part of an investment contract.

  • March 17, 2026

    OFAC Fines Broker $1.1M Over Apparent Sanctions Violations

    The U.S. Department of the Treasury's Office of Foreign Assets Control on Tuesday announced that Florida brokerage TradeStation Securities Inc. has agreed to pay more than $1.1 million to settle potential civil liability for violating the regulator's sanctions programs for Iran, Syria and Crimea.

  • March 17, 2026

    BlackRock Must Face Ex-VP's Whistleblower Retaliation Suit

    BlackRock Inc. must face a suit in New York state court by a former vice president who alleges he faced retaliation and wrongful termination after raising concerns about self-dealing, corruption and conflicts of interest, with a state judge partially rejecting the asset manager's bid to dismiss the case.

  • March 17, 2026

    Amici Chide Trump Admin For Calling Anthropic A Security Risk

    In separate amicus briefs to the D.C. Circuit, the ACLU, tech industry groups, former government officials and moral theologians variously panned the Trump administration's designation of Anthropic PBC as a supply chain risk to national security as unjustified, unlawful and counterproductive.

  • March 17, 2026

    Bitcoin Depot's Conn. License In Limbo After Watchdog Probe

    Connecticut's banking watchdog has temporarily barred cryptocurrency exchange Bitcoin Depot from transmitting money, warning of possible civil penalties up to $100,000 per violation and accusing the entity of charging transaction fees above a 15% statutory cap.

  • March 17, 2026

    JPMorgan Says Arbitration Pact Stands Despite Atty's Gaffe

    JPMorgan Chase urged a Manhattan federal court Monday to send a former employee's race discrimination and pay bias claims to arbitration, arguing that an in-house lawyer's mistaken assurance prior to litigation that she wasn't bound by an arbitration agreement doesn't amount to a waiver of the right to enforce it.

  • March 17, 2026

    Biden Admin's Definition Of ERISA Fiduciary Erased

    A Texas federal judge on Tuesday vacated regulations from the U.S. Department of Labor that would have expanded the definition of an investment advice fiduciary under federal benefits law, changes that a collective of insurance groups said the federal agency didn't have the authority to make.

  • March 17, 2026

    Fla. Judge Orders Consumers To Arbitrate Binance Claims

    A Florida federal judge sent two proposed class suits against Binance to arbitration Monday after finding that the arbitration provision of Binance's terms of use applied to the investors' claims that the exchange laundered stolen cryptocurrency.

  • March 17, 2026

    BlackRock, State Street Want GOP States' ESG Suit Pared

    BlackRock and State Street have asked a Texas federal judge to significantly winnow antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that claims based on electricity buyers are too far removed from coal.

  • March 17, 2026

    Prediction Markets Have Opened Compliance 'Pandora's Box'

    The burgeoning prediction market has exploded the definition of what qualifies as confidential corporate information that employees could misuse for personal gain, leaving companies scrambling to update internal policies and guidelines, compliance experts say.

  • March 17, 2026

    NY Accuses Solar Co., Lenders Of $275M Homeowner Fraud

    New York's attorney general sued a solar panel company and two lending partners in New York state court Tuesday, accusing them of a $275 million scheme involving costly solar and home improvement projects falsely pitched to homeowners as free or subsidized.

  • March 17, 2026

    Mastercard To Acquire BVNK For Up To $1.8B

    Mastercard said Tuesday that it has agreed to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion as the global payments giant looks to expand its "end-to-end support of digital assets" and connect blockchain-based payments with more traditional financial platforms.

  • March 16, 2026

    OCC Calls For Preemption Of Ill. Swipe-Fee Law At 7th Circ.

    A top U.S. banking regulator is seconding the banking industry's call for the Seventh Circuit to block Illinois' tax and tip swipe-fee ban, arguing a lower-court judge missed the "forest for the trees" in ruling the state-law restrictions are enforceable against banks it oversees.

  • March 16, 2026

    EB-5 Investors Land Class Cert. In TD Bank Escrow Suit

    A Manhattan federal judge has certified a class of EB-5 immigrant investors who claim TD Bank improperly released nearly $50 million of their funds from escrow, which allegedly caused the money to go missing and scuttled their efforts to seek visas. 

Expert Analysis

  • 6 Things Bankers Need To Know About AI-Powered M&A

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    Artificial intelligence is now ingrained in banking mergers and acquisitions, and bankers should learn the key elements of the technology's competency and limits, such as that AI-enhanced reviews do not replace compliance, despite their speed and depth, say attorneys at Spencer Fane.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • How Blockchain Could Streamline Real Estate Transactions

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    As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Tips For Consumer Finance GCs Navigating AI In Pro Se Suits

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    There are several avenues for consumer finance in-house counsel to make artificial intelligence use disclosure requirements a standardized tool when facing pro se litigants, including preservation demands and discovery requests to ease friction and root out inaccurate legal representations, says Lee Barrett at Planet Home Lending.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Tips For Banks Navigating AI Benefits, Risks And Regulation

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    To understand how artificial intelligence affects banks and is used in the products and services they offer, they must examine use cases, efficiencies, benefits, risks, vendor management and oversight, as well as consider how regulators can use AI and are monitoring its use in banking activity, says Doug Hiatt at Fredrikson & Byron.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • How Lenders Can Be Ready For Disparate Impact Variabilities

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    Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • Reflections From High Court Oral Args Over Fed Gov. Removal

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    In the oral arguments last month for Trump v. Cook, which asks the U.S. Supreme Court to clarify the circumstances under which the president can remove a Federal Reserve Board governor, the justices appeared skeptical about ruling on the substantive issues in view of the limited record and analysis, say attorneys at Ballard Spahr.

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