Banking

  • January 30, 2026

    NJ Panel OKs Bank's COD Denial For Family Dollar Build

    A New Jersey appeals panel on Friday found that a bank was within its rights to refuse to fund cash-on-delivery payment for a prefabricated steel structure a developer planned to use on a project to build a Family Dollar store.

  • January 30, 2026

    Warsh Clinches Trump's Nomination For Fed Chair

    President Donald Trump is nominating former Federal Reserve Gov. Kevin Warsh to lead the central bank as its next chairman, elevating a critic of the Fed's leadership as the White House pushes against its traditional independence.

  • January 29, 2026

    Trump Sues IRS, Treasury For $10B Over Tax Doc Leak

    President Donald Trump is seeking at least $10 billion in damages in a new lawsuit filed Thursday in Miami federal court that accuses the Internal Revenue Service and U.S. Department of the Treasury of failing to prevent a former IRS contractor from leaking Trump's tax returns to news outlets.

  • January 29, 2026

    Fed's Master Account Stance Goes Too Far, 2nd Circ. Told

    The Federal Reserve's claim of broad discretion to cut financial institutions off from master accounts could turn these U.S. payment system gateways into potential tools of partisan warfare, an attorney for a Puerto Rico bank told a Second Circuit panel Thursday.

  • January 29, 2026

    Ex-Morgan Stanley Adviser Conned NBA Players, Jury Hears

    A Manhattan federal prosecutor Thursday told jurors that a former Morgan Stanley adviser defrauded three NBA players out of millions of dollars through investments in wildly marked up life insurance policies, while defense counsel said the case was built on lies by a former client.

  • January 29, 2026

    Crypto Investor Says Cos. Can't Intervene In $40M Award Fight

    A cryptocurrency investor urged a Delaware federal court to stop two companies from joining an effort to vacate his $40 million arbitral award over an alleged bitcoin scheme, saying the companies' interests are already protected by involved parties.

  • January 29, 2026

    Ex-Synapse Compliance Chief Settles FINRA Supervisory Case

    The former chief compliance officer of a subsidiary of bankrupt fintech company Synapse has agreed to a $20,000 fine and yearlong suspension to settle the Financial Industry Regulatory Authority's allegations he failed to preserve certain books and records ahead of the firm's collapse.

  • January 29, 2026

    OppFi Says It's Not Pulling Calif. 'Dummy Lender' Scheme

    An attorney for Opportunity Financial LLC urged a Los Angeles state judge Thursday to toss a California regulator's claims that it uses a Utah bank partner to dodge state regulations, saying it's not part of a "dummy lender" scheme and the court has all the information it needs to end the case.

  • January 29, 2026

    BNY Ducks Epstein Enabling Suit; BofA Must Face 2 Claims

    A New York federal judge closed the book Thursday on a proposed class action alleging the Bank of New York Mellon Corp. enabled financier Jeffrey Epstein's sex-trafficking enterprise, but kept alive some allegations that Bank of America benefited from the scheme.

  • January 29, 2026

    6th Circ. Backs Gov't In $125K Crypto Forfeiture Case

    The Sixth Circuit has sided with the U.S. government in a suit over its rights to more than $100,000 in allegedly laundered cryptocurrency, ruling the previous receivers of the funds missed the deadline to bring a claim after the government seized the assets.

  • January 29, 2026

    Wash. Panel Sides With Card Processor In Biz Tax Dispute

    A Washington appeals panel ruled Thursday that the state Department of Revenue owed a card payment processor a refund, as the agency wrongly included fees charged by issuing banks in the processor's gross income calculation.

  • January 29, 2026

    GOP-Led Crypto Bill Clears Senate Panel In Party-Line Vote

    The Senate Agriculture Committee advanced a Republican-led proposal to regulate crypto markets on Thursday with a vote that fell starkly along party lines after Democrats made clear they would not support the bill without provisions to prevent public officials from profiting from crypto ventures.

  • January 29, 2026

    Troubled Apt. Co-Op Can Borrow $6M From Connecticut

    The receiver overseeing the finances of the 924-unit Success Village Apartments can close on a $6 million loan from the Connecticut Department of Housing to clear tax and utility liens from the troubled co-op, a state court judge has ruled.

  • January 29, 2026

    Feds Eye Default Forfeiture In $1.2M Crypto Scam Claims

    Federal authorities have asked a Connecticut federal judge to issue a default judgment and forfeiture decree against Tether cryptocurrency wallets tied to an alleged $1.2 million artificial intelligence trading fraud scheme.

  • January 29, 2026

    3 Companies Begin Trading After Raising $1.3B In IPOs

    Satellite maker York Space Systems began trading publicly Thursday after raising $629 million in its upsized initial public offering, joining Brazilian digital banking platform PicPay and insurance platform Ethos Technologies, both of which also made their public debuts Thursday.

  • January 29, 2026

    Former First Brands Execs Indicted On Fraud Charges

    Patrick James, the founder of bankrupt auto parts maker First Brands Group, and his brother Edward James were indicted by federal prosecutors in New York, who accused the pair of inflating invoices, double pledging collateral and concealing liabilities from lenders.

  • January 29, 2026

    4th Circ. Wary Of Kicking Up 'Sandstorm' On Deferred Comp.

    The Fourth Circuit appeared reluctant Thursday to revive a proposed class action brought against Bank of America and Merrill by an ex-financial adviser who said he was shorted deferred compensation, as judges questioned whether federal benefits law applied to payments that looked like bonuses.

  • January 28, 2026

    Powell Says Cook Case May Be 'Most Important' In Fed History

    Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's U.S. Supreme Court bid to oust Fed Gov. Lisa Cook represents "perhaps the most important" case in the history of the central bank, defending his move to attend the high court's recent hearing on the matter.

  • January 28, 2026

    Northern Trust VP Stole Millions From Elderly Client, Suits Say

    An elderly banking heiress and her nephew have sued the Northern Trust Co., alleging the wealth management firm failed to safeguard their assets from a now-former vice president who helped himself to millions of dollars of their funds.

  • January 28, 2026

    Fiserv Uses Its Data Security Flaws For Upsells, Suit Says

    Payment systems company Fiserv Inc. is facing another suit over its alleged data security flaws, with a credit union claiming the company has allowed its online banking platform to be "repeatedly hacked, again and again," and then uses these failures to upsell additional security measures to users. 

  • January 28, 2026

    CFTC Taps Treasury Atty To Be General Counsel

    The Commodity Futures Trading Commission announced Wednesday it has hired a Treasury Department lawyer with BigLaw experience to serve as the derivatives regulator's new general counsel.

  • January 28, 2026

    SEC Urged To Adopt Insider Trading Rules For Foreign Firms

    A former member of the U.S. Securities and Exchange Commission is among a trio of academics pressing the agency to write rules cracking down on insider trading at foreign companies that trade on U.S. exchanges, urging action before a congressionally mandated deadline runs out in March.

  • January 28, 2026

    Alito Rejects Bid To Pause 3rd Circ.'s Computer Fraud Ruling

    U.S. Supreme Court Justice Samuel Alito on Wednesday denied a debt collection agency's request to stay a Third Circuit decision that found the Computer Fraud and Abuse Act does not support claims against employees who share work passwords.

  • January 28, 2026

    NY Firm And Medical Providers Defrauded Insurers, Suit Says

    An insurer accused a law firm and a collection of medical providers and professionals of engaging in a scheme to defraud insurers through sham lawsuits and inflated medical bills, telling a New York federal court that the defendants have enriched themselves "at the expense of justice, equity and human dignity."

  • January 28, 2026

    Nomura Unit Taps Legal Chief To Steer Crypto Trust Bank Plan

    A crypto-focused subsidiary of financial services group Nomura has applied to the Office of the Comptroller of the Currency to establish a national trust bank headed by its legal chief.

Expert Analysis

  • Digital Asset Treasury Trend Signals Wider Crypto Embrace

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    While digital asset treasuries are not new for U.S. public companies, the recent velocity of capital deployment in such investments has been notable, signaling a transformation in corporate treasury management that blurs the lines between traditional finance and the broader crypto ecosystem, say attorneys at DLA Piper.

  • Series

    The Biz Court Digest: How It Works In Massachusetts

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    Since its founding in 2000, the Massachusetts Business Litigation Session's expertise, procedural flexibility and litigant-friendly case management practices have contributed to the development of a robust body of commercial jurisprudence, say James Donnelly at Mirick O’Connell, Felicia Ellsworth at WilmerHale and Lisa Wood at Foley Hoag.

  • What To Note In OCC, FDIC Plan To Standardize Supervision

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    The Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp.'s recent proposals to standardize the meaning of "unsafe or unsound practice" and revise the process for issuing matters requiring attention could significantly narrow the scope of activities that spawn enforcement actions, says Brendan Clegg at Luse Gorman.

  • Why Appellees Should Write Their Answering Brief First

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    Though counterintuitive, appellees should consider writing their answering briefs before they’ve ever seen their opponent’s opening brief, as this practice confers numerous benefits related to argument structure, time pressures and workflow, says Joshua Sohn at the U.S. Department of Justice.

  • Questions To Ask Your Client When Fraud Taints Financing

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    As elevated risk levels yield fertile conditions for fraud in financing transactions, asking corporate clients the right investigative questions can help create an action plan, bring parties together and help clients successfully survive any scam, says Mark Kirsons at Morgan Lewis.

  • Series

    Mindfulness Meditation Makes Me A Better Lawyer

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    Mindful meditation enables me to drop the ego, and in helping me to keep sight of what’s important, permits me to learn from the other side and become a reliable counselor, says Roy Wyman at Bass Berry.

  • AI Litigation Tools Can Enhance Case Assessment, Strategy

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    Civil litigators can use artificial intelligence tools to strengthen case assessment and aid in early strategy development, as long as they address the risks and ethical considerations that accompany these uses, say attorneys at Barnes & Thornburg.

  • Post-Genius Landscape Reveals Technical Stablecoin Hurdles

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    The Genius Act's implementation has revealed challenges for mass stablecoin adoption, but there are several factors that stablecoin issuers can use to differentiate themselves and secure market share, including interest rate, liquidity, and safety and security, say attorneys at Olshan Frome.

  • Attys Beware: Generative AI Can Also Hallucinate Metadata

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    In addition to the well-known problem of AI-generated hallucinations in legal documents, AI tools can also hallucinate metadata — threatening the integrity of discovery, the reliability of evidence and the ability to definitively identify the provenance of electronic documents, say attorneys at Law & Forensics.

  • What May Be Ahead In Debanking Enforcement

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    President Donald Trump's executive order on politicized or unlawful debanking has spurred a flurry of activity by the federal banking regulators, so banks should expect debanking-related complaints submitted by consumers to increase, and for federal regulators to look for more enforcement opportunities, say attorneys at Bradley Arant.

  • SEC Crypto Custody Relief Offers Clarity For Funds

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    A recent U.S. Securities and Exchange Commission staff letter supplies a workable path for registered investment advisers and funds seeking to offer crypto custody services by using state trust companies, and may portend additional useful guidance regarding crypto custody, say attorneys at Morgan Lewis.

  • When Atty Ethics Violations Give Rise To Causes Of Action

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    Though the Model Rules of Professional Conduct make clear that a violation of the rules does not automatically create a cause of action, attorneys should beware of a few scenarios in which they could face lawsuits for ethical lapses, says Brian Faughnan at Faughnan Law.

  • What CFTC Push For Tokenized Collateral Means For Crypto

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    The Commodity Futures Trading Commission's recent request for comment on the use of tokenized products as collateral in derivatives markets signals that it is expanding the scope and form of eligible collateral, and could broaden the potential use cases for crypto-assets held in tokenized form, say attorneys at Dechert.

  • H-1B Fee Guidance Is Helpful But Notable Uncertainty Persists

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    Recent guidance narrowing the scope of the $100,000 entry fee for H-1B visas will allow employers to plan for the hiring season, but a lack of detail about the mechanics of cross-agency payment verification, fee exemptions and other practical matters still need to be addressed, say attorneys at Klasko Immigration Law Partners.

  • Indiana Law Sets New Standard For Wage Access Providers

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    The recent enactment of a law establishing a comprehensive regulatory framework for earned wage access positions Indiana as one of the leading states to allow EWA services, and establishes a standard that employers must familiarize themselves with before the Jan. 1 effective date, say attorneys at Faegre Drinker.

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