Banking

  • May 07, 2026

    Financial Cos. Say Atty Can't Represent Self In Securities Suit

    A group of financial services companies fighting an attorney's proposed securities class action has urged a New Jersey federal court to disqualify the attorney from serving as class counsel, arguing that precedent and ethical obligations prevent him from serving as both class counsel and the proposed class's named representative.

  • May 06, 2026

    Mortgage Co. Strikes $9M Deal In NC Phone-Pay Fee Suit

    A certified class of North Carolina borrowers on Wednesday asked a federal judge to preliminarily approve a $9 million settlement to resolve claims their Illinois-based mortgage servicer Dovenmuehle Mortgage Inc. charged them excessive processing fees to pay their bills over the phone.

  • May 06, 2026

    Vought Says EEOC Diversity Report At Odds With Trump Orders

    The Consumer Financial Protection Bureau's acting director, Russell Vought, chided the U.S. Equal Employment Opportunity Commission for asking federal agencies about gender identity and diversity and inclusion for annual reports on their equal employment opportunity programs.

  • May 06, 2026

    Fla. Court Asked To Lift Freeze In $91M Fake Health Plans Suit

    Two siblings asked a Florida federal court Wednesday to lift an asset freeze in the Federal Trade Commission's lawsuit alleging they sold $91 million of fake health benefits on the Affordable Care Act exchange, arguing they need money to pay their attorneys. 

  • May 06, 2026

    OCC Stablecoin Rules Become Battleground For Yield Debate

    Banks and fintechs continued to clash over whether crypto firms should be able to pay yield and rewards on stablecoins in competing comments on the Office of the Comptroller of the Currency's plans to implement the federal stablecoin law known as the Genius Act.

  • May 06, 2026

    Texas Panel Weighs Highland Sanctions After $1B Judgment

    A Texas appeals court on Wednesday pressed counsel for several former Highland Capital Management LLP executives to explain why they should get out of a contempt finding, asking what to do with an order compelling each of the executives to pay $500 in sanctions.

  • May 06, 2026

    Booz Allen Says Fla. Senator's Tax Leak Suit Is Too Late

    U.S. Sen. Rick Scott, R-Florida, waited too long to file a lawsuit over the leak of his personal tax returns, according to federal contractor Booz Allen Hamilton, which moved to dismiss the suit Tuesday.

  • May 06, 2026

    Conn. Credit Union Says Data Breach Anxiety Can't Spur Suit

    Threats of future harm and "generalized anxiety" about possible identity theft are not enough to support a proposed class action against a Connecticut credit union hit with a data breach, and there's no reason to believe cybercriminals accessed member accounts, the defense has told a federal court in seeking dismissal.

  • May 06, 2026

    CFTC Fines Trader $200K For Treasury Futures Spoofing

    The U.S. Commodity Futures Trading Commission announced on Wednesday that it settled claims against a dual French and American citizen who it accused of trying to fraudulently control the treasury futures market.

  • May 06, 2026

    BofA Can Shield OT Docs In Mortgage Officers' Suit

    A North Carolina federal judge has sided with Bank of America in a discovery dispute over documents the bank withheld as privileged in a mortgage loan officers' overtime lawsuit, finding the materials were part of a protected legal review process.

  • May 06, 2026

    Conn. Lawyer Makes 3rd Bid To Rejoin Bar After $3M Scheme

    A Connecticut lawyer who pled guilty to moving $3 million in pump-and-dump stock scheme proceeds through his trust account is again seeking readmission to the state bar, about two months after a judge allowed him to work as a paralegal under the supervision of another attorney.

  • May 06, 2026

    Citizens Bank Customer Says Software Vendor Leaked Info

    Communications software company Sefas Innovation Inc. has been hit with a proposed class action in Massachusetts federal court accusing it of failing to safeguard the data of its clients' customers from cybercriminals, resulting in a breach of its records in April.

  • May 05, 2026

    Software Co. Doxim Inks $5.5M Deal To End Data Breach Suit

    Credit union customers asked a Michigan federal judge Tuesday to preliminarily approve an amended $5.5 million class settlement resolving claims that software-as-a-service company Doxim Inc. failed to protect sensitive personal information that ended up exposed in a 2023 data breach.

  • May 05, 2026

    Kilpatrick Adds Buchalter Financial Services Partner In Seattle

    Attorney Marcus J. Williams joined Kilpatrick Townsend & Stockton LLP's Seattle office as a partner in its financial institutions team, the firm announced Tuesday, saying the hire from Buchalter PC would help bolster Kilpatrick's growth in the Pacific Northwest and Intermountain Region.

  • May 05, 2026

    ERISA Recap: 5 Litigation Developments From April

    The U.S. Supreme Court turned down a bakery company's bid for review of a union multiemployer pension withdrawal bill, the Fourth Circuit held a bonus plan was exempt from federal benefits law, and the Sixth Circuit ruled federal law preempted Arkansas pharmacy benefit manager laws and regulations. Here's more on those and two other major decisions from April that benefits attorneys may want to know.

  • May 05, 2026

    $100M AI Investment Suit Must Be Arbitrated, Financier Says

    A California financier Tuesday denied allegations in a $100 million fraud lawsuit over a "sham" loan transaction aimed at funding an investment into an artificial intelligence company, adding that the dispute belongs in arbitration in the Bahamas.

  • May 05, 2026

    NC Law Firm Can Pursue Coverage In $510K Loan Fraud Row

    A North Carolina federal judge on Tuesday said a professional liability insurer must face claims that it has to defend a law firm against allegations it was responsible for a $510,000 fraudulent home loan, finding documents in the closing package could preserve coverage. 

  • May 05, 2026

    Bittrex Seeks To Undo $24M Judgment After SEC Crypto Pivot

    Bankrupt cryptocurrency exchange Bittrex urged a Seattle federal judge to toss a $24 million judgment entered as part of a 2023 settlement with the U.S. Securities and Exchange Commission, arguing that the agency has since done an "about-face" on crypto and abandoned its position that digital tokens are securities.

  • May 05, 2026

    Tribal Loan Co. Wants To Arbitrate Predatory Lending Claims

    Tribally owned online direct lender WithU Loans is urging a Washington federal judge to send a consumer's proposed class action over alleged predatory lending practices to arbitration, arguing that the plaintiff agreed to arbitrate any claims against the company when he signed the loan agreement at issue.

  • May 05, 2026

    2nd Circ. Says NY Escrow Interest Law Is Preempted, Again

    The Second Circuit ruled Tuesday that national banks are exempt from a New York law that requires interest to be paid on mortgage escrow accounts, handing a key victory to Bank of America NA in closely watched litigation testing the limits of states' banking regulatory authority.

  • May 05, 2026

    Texas Appeals Court Wary Of Reviving Trustee's $100M Claim

    A Texas appeals panel seemed skeptical of a bankruptcy trustee's attempt to revive an action seeking to claw back money distributed by True Health Group to its shareholders before the company declared bankruptcy, asking Tuesday if the trustee brought its claims under the correct portion of the law.

  • May 05, 2026

    4th Circ. Unsure Wells Fargo Denied Ex-Worker's WFH Request

    A Fourth Circuit panel seemed uncertain Tuesday of whether it would uphold the entirety of a $22 million Americans with Disabilities Act verdict favoring a former Wells Fargo employee, with at least two judges questioning whether he suffered a concrete injury from the bank allegedly failing to accommodate his work-from-home request.

  • May 05, 2026

    Santander Says Ex-Adviser Poached Lion's Share Of Clients

    Santander Bank and its investment adviser unit have sued a former employee, alleging that he improperly wooed away the vast majority of his clients when he decamped for a competitor.

  • May 05, 2026

    BlackRock, State Street Push To Trim Red State AGs' Suit

    BlackRock and State Street have further urged a Texas federal judge to trim down antitrust claims from Republican state attorneys general accusing the asset managers of driving up coal prices, arguing that the chain from their investment activity to retail electricity prices "stretches through multiple intervening markets and countless nonparties."

  • May 05, 2026

    Banks Say Stablecoin Yield Fix For Crypto Bill 'Falls Short'

    Five banking groups say proposed language governing interest and rewards payments on stablecoins, intended to advance a bill to regulate crypto markets, "falls short," while the lawmakers behind the proposal say they've worked directly with banks for months to "encourage compromise." 

Expert Analysis

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 4 Ways To Help CBP Curb Shell Co. Import Schemes

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    Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.

  • Get Smart: Navigating The Genius Act's Regulatory Gaps

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    While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.

  • How Cos. Should Prepare For NY RAISE Act Compliance

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    With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.

  • Compliance Takeaways Amid Increased Auto Finance Scrutiny

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    Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • 5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp

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    The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal

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    In Illinois Bankers Association v. Raoul, an Illinois federal court upheld the state's ban on credit and debit card swipe fees on tax and tip payments, while permanently enjoining the statute's data usage limitation, but an imminent appeal could significantly influence the trajectory of state-level payments regulation, say attorneys at Latham.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

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