Banking

  • March 11, 2026

    FDIC Plans No Pass-Through Stablecoin Insurance, Hill Says

    Federal Deposit Insurance Corp. Chairman Travis Hill said Wednesday that his agency will propose expressly excluding payment stablecoins from pass-through insurance coverage, outlining the move as part of a wide-ranging update on his to-do list of regulatory initiatives.

  • March 11, 2026

    Fidelity Gets Initial OK On $2.5 Million Data Breach Deal

    A Massachusetts federal judge on Wednesday granted preliminary approval to Fidelity Investments' $2.5 million deal to end a putative class action claiming the financial services giant didn't protect the personal information of more than 155,000 account holders during a "preventable" 2024 data breach.

  • March 11, 2026

    Microsoft Backs Anthropic In DOD Security Risk Label Row

    Microsoft has thrown its support behind Anthropic's bid to block the Trump administration from enforcing an order designating the artificial intelligence company a supply chain risk to national security, saying an injunction would avoid disrupting the military's use of advanced AI.

  • March 11, 2026

    Tax Fraudster Asks 4th Circ. To Undo 20-Year Prison Term

    The head of an investment firm who was sentenced to nearly 20 years in prison after admitting to tax fraud in connection with a $20 million Ponzi scheme asked the Fourth Circuit to vacate his sentence, saying it was unreasonable and far longer than average.

  • March 11, 2026

    PNC Bank, Coin Dealer Sued Over $400K Elder Fraud Loss

    PNC Bank and New Jersey-based precious metals dealer American Coin & Stamp Co. Inc. have been hit with a retiree's complaint accusing them of ignoring red flags in an elder financial exploitation scheme, which involved the plaintiff handing over nearly $400,000 in gold coins directly to scammers.

  • March 11, 2026

    Black To Be Deposed In Suit Alleging BofA Enabled Epstein

    U.S. District Judge Jed S. Rakoff said Wednesday that billionaire Leon Black must sit for questioning from both Bank of America and a plaintiff who says the bank facilitated Jeffrey Epstein's sex crimes, but put off the deposition for 10 days.

  • March 11, 2026

    Fed's Bowman Eyes 'Fine-Tuning' Of Bank Merger Reviews

    Federal Reserve Vice Chair for Supervision Michelle Bowman said Wednesday that federal regulators are taking a look at the competition metrics used to evaluate bank mergers, signaling potential changes to the thresholds that guide when deals raise antitrust concerns.

  • March 11, 2026

    Investor Says JPMorgan Enabled $328M Crypto Scam

    A proposed class suit filed Tuesday in California federal court accuses JPMorgan Chase Bank NA of enabling a $328 million cryptocurrency scam at Florida-based Goliath Ventures Inc.

  • March 11, 2026

    DOL Won't Oppose Vacating ERISA Fiduciary Rule In Texas

    An insurance trade group challenging the U.S. Department of Labor's regulations expanding the definition of an investment advice fiduciary under the Employee Retirement Income Security Act asked a Texas judge Wednesday to vacate the policies and said the DOL didn't oppose the request.

  • March 11, 2026

    Fintech Lender Hit With 2nd Suit Over Cyberattack

    A proposed class has accused a blockchain-based lender in North Carolina federal court of failing to protect their personally identifiable information from hackers, the second such lawsuit the company is facing over a recent data breach.

  • March 11, 2026

    Trump Cybercrime Order Creates New Compliance To-Do List

    President Donald Trump's recent executive order calling for a coalition of government agencies to combat cybercrime is far more forceful than efforts under prior administrations, according to white collar lawyers, who tentatively applaud the proposal while warning it could raise new compliance risks.

  • March 11, 2026

    Ex-Senior Atty For Int'l Finance Corp. Joins Hunton

    Hunton Andrews Kurth LLP has hired a former senior counsel from International Finance Corp., who spent 12 years there and who worked as the global legal lead for the institution's asset management company.

  • March 11, 2026

    Spencer Fane Hires Transactions, Banking Partners In D.C.

    Spencer Fane LLP has hired two attorneys in Washington, D.C., who focus their practices on consumer financial matters, financial services and compliance-related issues, the firm announced Tuesday.

  • March 11, 2026

    Plaintiffs Seek Final OK Of $425M Capital One Rate Deal

    Consumers claiming Capital One deceptively advertised its 360 Savings accounts have asked a Virginia federal judge to grant final approval to their settlement with the bank, a revised version of a previous deal that was rejected last year and expected to provide over $1 billion in benefits to the class.

  • March 10, 2026

    Dem Says 'Compromise' Can Thread Stablecoin Yield Needle

    A key U.S. Senate Democrat called Tuesday for closing what bankers say is a stablecoin interest "loophole" that could siphon deposits from traditional lenders, stressing that compromise may be needed to avoid letting the "perfect be the enemy of good."

  • March 10, 2026

    Colo. High Court Considers Debt Collector's Compliance

    The Colorado Supreme Court grappled Tuesday with the requirements and limits of a state debt collection practices law in an appeal brought by a consumer arguing a debt collector did not comply with the law when seeking to collect her $671.29 credit card debt.

  • March 10, 2026

    Calif. Atty Gets Over 11 Years For Solar $1B Ponzi Scheme

    A California federal judge has sentenced a corporate attorney to 11 years and five months behind bars after he pled guilty to nearly two dozen charges for his role in DC Solar's $912 million Ponzi scheme, which duped major investors including Berkshire Hathaway, Progressive and SunTrust Equipment Finance & Leasing.

  • March 10, 2026

    DOJ Unveils Superseding Policy For Corporate Criminal Cases

    The U.S. Department of Justice on Tuesday released its first-ever, department-wide, corporate enforcement policy for criminal matters, outlining how it will decline to prosecute companies that voluntarily disclose misconduct, cooperate with investigators and remediate wrongdoing.

  • March 10, 2026

    Iowa Defends 5th Circ. Appeal Of Schwab Antitrust Settlement

    Iowa's attorney general told the Fifth Circuit that its appeal of a Texas federal judge's final approval of a settlement ending an antitrust class action over The Charles Schwab Corp.'s merger with TD Ameritrade is proper, arguing the state's duty to protect consumers allows it to challenge the deal.

  • March 10, 2026

    Anthropic Asks Judge To Block DOD's Security Risk Label

    Anthropic has urged a California federal judge to block the Trump administration from enforcing an order designating the artificial intelligence company a supply chain risk to national security, arguing the government has retaliated against Anthropic for its constitutionally protected speech.

  • March 10, 2026

    Calif. Judge Says EFTA Doesn't Cover Wires In Discover Suit

    Discover Bank has escaped a proposed class action accusing it of failing to reimburse consumers for wire fraud, ruling that a key federal payments law does not make Discover liable for the fraudulent $110,000 transfer made from the plaintiff's account.

  • March 10, 2026

    $18.7M Settlement Nixed Over 'Fabricated' Loan Docs

    Citing a need for public confidence in judicial decisions, a Connecticut state court judge has set aside an agreed-upon $18.7 million judgment against a housing nonprofit, which claimed that its ex-leader "fabricated" the documents purporting to authorize the defaulted loan at issue in the case.

  • March 10, 2026

    Insurer's Cyber Liability Capped At $250K, Texas Court Finds

    A Texas federal court ruled that an insurer has no further liability beyond a $250,000 policy limit it paid to a construction company for its losses stemming from a social engineering cyber theft incident.

  • March 10, 2026

    Mortgage Biz Mr. Cooper Can Fight User Data Claims In Texas

    Mortgage servicer Mr. Cooper can fight claims over its customer data use practices in its preferred federal district court in Texas, a California federal judge has ruled, finding its website gives "reasonably conspicuous" notice of its terms of use that include a forum selection clause.

  • March 09, 2026

    Turkey's Halkbank Reaches Deal To Exit Iranian Sanctions Case

    U.S. authorities and Turkey's Halkbank have agreed to end the long-running criminal case accusing the state-backed lender of scheming to launder billions of dollars in sanctioned Iranian oil proceeds, in a no-fine deal that's explicitly tied to Turkey's diplomatic efforts in the Israel-Hamas war.

Expert Analysis

  • 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.

  • 2025 Calif. Banking Oversight Centered On Consumer Issues

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    The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.

  • The Major Securities Litigation Rulings And Trends Of 2025

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    The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.

  • The CFTC's Road Ahead Under Newly Confirmed Chair

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    Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.

  • How Fractional GCs Can Manage Risks Of Engagement

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    As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.

  • 5 Lender Strategies When A Commercial Borrower Defaults

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    With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.

  • SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26

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    With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.

  • Changes In Crypto, Cybersecurity Defined NY Banking In 2025

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    The major takeaways from 2025 in New York banking policy involve updated guidance, regulations and requirements primarily affecting innovation and digital banking, in areas such as cybersecurity, virtual currencies, and buy now, pay later programs, say attorneys at Steptoe.

  • Del. Dispatch: Key 2025 Corporate Cases And Trends To Know

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    The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.

  • Series

    Nature Photography Makes Me A Better Lawyer

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    Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.

  • 2025 Brought A New Paradigm For Federal Banking Regulation

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    A series of thematic shifts defined banking regulation in 2025, including a fundamental reform of prudential supervision, a strategic easing of capital constraints, steps to streamline merger reviews, and a new framework for fair access and entrants seeking to offer banking services, say attorneys at Simpson Thacher.

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