Banking

  • March 12, 2026

    Feds Rip 'Incoherent' SBF Claim Of Political Weaponization

    Federal prosecutors fired back at convicted FTX founder Sam Bankman-Fried's pro se bid for a new trial as a "transparent attempt" to further allegedly false narratives that his collapsed crypto exchange was solvent, and he was a victim of political retribution.

  • March 12, 2026

    Democrats Vow To Oversee DOJ's Reported Binance Inquiry

    Three Democratic U.S. senators said Thursday that they will oversee a reported investigation by the U.S. Department of Justice into potential Iran sanctions violations carried out on the cryptocurrency exchange Binance.

  • March 12, 2026

    Investors Sue Florida Trading 'Savant' Over Ponzi-Style Fraud

    Investors sued a self-styled foreign exchange trading "savant" claiming he solicited millions from friends and relatives that were meant to be pooled into legitimate investments but were instead funneled into a Ponzi scheme.

  • March 12, 2026

    PayPal Execs Hit With Derivative Suit Over 2027 Forecast

    PayPal executives and directors were hit with a shareholder's derivative suit accusing them of damaging the company with comments about the strong growth trajectory for its branded checkout segment that the investor said turned out to be untrue.

  • March 12, 2026

    Holland & Knight's San Francisco Office Shifts Leadership

    Holland & Knight LLP announced on Thursday that it has appointed a real estate finance attorney who co-chairs the firm's healthcare finance practice to take the reins of its San Francisco office.

  • March 12, 2026

    SoftBank-Backed PayPay Downshifts To $880M IPO

    SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp. began trading on the Nasdaq on Thursday at $16 a share, below the range it had announced in early March as the war in Iran roils the market.

  • March 12, 2026

    Haynes Boone Names New Charlotte Office Managing Partner

    Haynes Boone has elevated a North Carolina finance partner to office managing partner in Charlotte as the city continues its ascent as a financial and legal hub.

  • March 11, 2026

    Judge Eyes Halkbank's No-Fine Deal To Nix Sanctions Case

    A Manhattan federal judge Wednesday let prosecutors and Turkey's Halkbank move forward with a no-fine deal that will likely resolve criminal charges alleging the state-backed lender conspired to launder billions of dollars in sanctioned Iranian oil proceeds.

  • 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.

Expert Analysis

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • Venezuela Legal Shifts May Create Investment Opportunities

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    Since the removal of President Nicolás Maduro, Venezuela has shown signs of economic liberalization, particularly in the oil and mining sectors, presenting unique — but still high-risk — investment opportunities for U.S. companies, say attorneys at Haynes Boone.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Bipartisan Enforcement Is Rising In Consumer Finance

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    Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

  • Ramped Up Psychedelic Production Carries Opportunity, Risk

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    Kimberly Chew at Husch Blackwell discusses the key legal implications of the U.S. Drug Enforcement Administration's recent dramatic increases in the production quotas for a range of psychedelic substances, offering guidance on compliance, risk management and strategic opportunities for practitioners navigating this rapidly evolving landscape.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Can OCC State Banking Law Preemption Survive The Courts?

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    While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

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