Banking

  • August 27, 2025

    Citizens Say FinCEN's Real Estate Transfer Rule Unlawful

    Two citizens asked a Texas federal judge to throw out FinCEN's rule requiring disclosure of residential real estate transfers to corporate entities and trusts even when no money changes hands, saying the rule runs afoul of the Constitution.

  • August 27, 2025

    47 AGs Push Search, Payment Platforms To Stop 'Deepfakes'

    A bipartisan coalition of 47 attorneys general called on search engine giants Google, Microsoft and Yahoo, as well as PayPal, Apple and other payment platforms, to step up their efforts to stop the spread of computer-generated "deepfake" images and videos, warning about the need to protect young internet users.

  • August 27, 2025

    Ameritas Urges Ga. Justices To Void 'Life Wager' Policy

    Ameritas Life Insurance Corp. urged the Supreme Court of Georgia Wednesday to hold that a trust that purchased a woman's investor-backed life insurance policy years after it was written can't collect after her death, warning the court that allowing the trust to do so would provoke "a run" of third-party policies in the state.

  • August 27, 2025

    Crypto Orgs. Won't Back Bill Without Developer Protections

    A coalition of 112 crypto industry groups and firms came together in a Wednesday letter to tell federal lawmakers that they will not back a bill to regulate crypto markets without "explicit" protections for software developers and service providers of decentralized projects.

  • August 27, 2025

    Ukrainian Money Laundering Claim Against U.S. Is Paused

    Claimants in a $24 million arbitration accusing the U.S. government of overstepping its authority by initiating forfeiture proceedings aimed at unraveling an alleged Ukrainian money laundering scheme have agreed to suspend the claim for now, according to a notice.

  • August 27, 2025

    Fla. Judge Won't Toss Truist Garnished Funds Suit

    A Florida judge refused Monday to dismiss a suit against Truist by the son of a CEO of a disinfectant sprayer company who says the bank wrongly froze his account and removed funds to pay his dad's $520,000 judgment, preventing him from placing a winning bet in the NCAA men's basketball championship.

  • August 27, 2025

    JPMorgan Chase Wins Toss Of Stable Value 401(k) Fund Suit

    A New Jersey federal judge tossed a proposed class action against JPMorgan Chase Bank NA alleging mismanagement of an employee 401(k) plan tied to the company's offering of an in-house "stable value" fund, finding an ex-worker leading the suit couldn't sue because he signed a claim release.

  • August 27, 2025

    Crypto SPACs Raise $500M Amid Renewed Industry Optimism

    Two SPACs targeting digital assets began trading Wednesday after raising a combined $500 million in initial public offerings, adding to a recent run of crypto-related blank check launches amid renewed investor interest in the sector.

  • August 27, 2025

    Jailed Pastor Cites Adams Dismissal In Bid To Beat Charges

    A clergyman serving a nine-year sentence for fraud cited his ties to New York City Mayor Eric Adams on Wednesday in a bid to have his conviction overturned in the wake of the Trump administration's dismissal of the charges against Adams.

  • August 27, 2025

    Swiss Bank Seeks Docs From AIG For Dutch Arbitration Fight

    A Swiss private bank is seeking discovery from AIG Inc. for use in a Dutch court case in which the bank wants vacated an arbitral award denying its claim for $90 million in coverage from the insurer's European subsidiary, the bank told a New York federal court.

  • August 26, 2025

    Fed Pushes To Dismiss Trump Ally's Suit Over Meeting Access

    Federal Reserve officials and members of the Federal Open Market Committee have urged a D.C. federal judge to toss a suit brought by an investment firm led by a supporter of President Donald Trump that seeks public access to monetary policy meetings, arguing they are not covered by the federal Sunshine Act as the investment firm claims.

  • August 26, 2025

    Capital One Beats Robocall Class Cert. Appeal At 4th Circ.

    The Fourth Circuit has affirmed that consumers who accused Capital One of violating consumer protection laws by leaving prerecorded messages on their cell phones cannot be certified as a class, agreeing that it would be too difficult to ascertain members of the proposed class who weren't customers of the bank.

  • August 26, 2025

    New York Fed Wants Out Of Ex-Fed Worker's Vax Bias Suit

    The Federal Reserve Bank of New York and two of its executives seek an exit from a former Fed employee's vaccine status discrimination suit in North Carolina federal court, arguing Monday that the ex-worker's suit inaccurately described the New York Fed as the plaintiff's "co-employer."

  • August 26, 2025

    FINRA Fines US Bank Unit $500K Over Missed AML Reports

    A broker-dealer unit of U.S. Bank has been fined $500,000 by the Financial Industry Regulatory Authority following the FINRA member's realization that it had missed windows for filing certain reports of suspicious transactions.

  • August 26, 2025

    5th Circ. Says Fed. Law Explicitly Bars Ex-CEO's NCUA Suit

    The Fifth Circuit on Monday refused to revive a former Texas credit union CEO's constitutional challenge to an enforcement action the National Credit Union Administration had brought against him for alleged banking misconduct, saying in a published opinion that federal law explicitly stripped a district court's jurisdiction over the matter.

  • August 26, 2025

    BofA, Merrill Want Deferred Compensation Fight Moved To NC

    Two former Merrill Lynch financial advisers who claim they were deprived of their deferred compensation must litigate their case in North Carolina, the wealth management company told a New Jersey federal judge, citing a forum selection clause in their compensation agreements.

  • August 26, 2025

    CFTC's Last Dem Member Departing Agency

    The U.S. Commodity Futures Trading Commission's sole remaining Democrat, Kristin Johnson, announced Tuesday that she will be departing the agency next week, leaving it in the hands of acting Chair Caroline Pham.

  • August 26, 2025

    Credit Union Wants Ex-CEO's Latest Wage Claims Trimmed

    Sound Federal Credit Union wants a Connecticut Superior Court judge to trim its former CEO's recently revamped employment lawsuit, saying defamation and failure to pay wages claims should be removed from his complaint before his breach of contract claim advances.

  • August 26, 2025

    Fed's Lisa Cook Preps Lawsuit Over Trump Firing

    Federal Reserve Gov. Lisa Cook is preparing to file a lawsuit over President Donald Trump's announcement that she has been terminated from her position, allegedly for committing mortgage fraud, her lawyer said Tuesday.

  • August 26, 2025

    Wells Fargo, Worker Settle Overtime, FMLA Suit

    A former Wells Fargo employee reached a settlement with the bank to end his suit claiming he was not compensated for off-the-clock work and that he was retaliated against after taking leave under the Family and Medical Leave Act, according to filings in Georgia federal court.

  • August 26, 2025

    Trump Media, SPAC And Crypto.com Create $6.42B Crypto Biz

    Blank check company Yorkville Acquisition Corp., Truth Social operator Trump Media & Technology Group Corp. and Crypto.com unveiled a partnership Tuesday that would establish a $6.42 billion digital asset treasury company focused on the acquisition of the native cryptocurrency token of the cronos ecosystem.

  • August 26, 2025

    Buchalter Adds Ex-Carlton Fields Attys To LA Office

    Buchalter has hired two former Carlton Fields attorneys as shareholders for its corporate team in Los Angeles, and one of the announced hires is returning to the firm after almost 30 years.

  • August 25, 2025

    Fed. Court Can't Halt FDIC Enforcement Order, 5th Circ. Says

    The Federal Deposit Insurance Corp. can move forward with in-house enforcement proceedings against a former bank CEO, the Fifth Circuit ruled Monday, finding that a Texas district court did not have jurisdiction to block the agency from issuing a final decision over the bank executive's constitutional claims.

  • August 25, 2025

    Nationstar Loan Payoff Statement Fees OK'd By Wash. Judge

    A Washington federal judge has sided with Nationstar in a proposed class action alleging illegal fees, recognizing the home loan servicer is allowed to charge a "reasonable fee" for expedited delivery of a loan payoff statement upon request.

  • August 25, 2025

    Trump Fires Fed's Lisa Cook Over Mortgage Fraud Allegation

    President Donald Trump on Monday evening fired Federal Reserve Gov. Lisa Cook over his administration's allegation that she committed mortgage fraud, thrusting the White House into uncharted territory in its campaign to exert control over the central bank. 

Expert Analysis

  • When Legal Advocacy Crosses The Line Into Incivility

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    As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.

  • Two Bills Promise A Crypto Revamp, But Not A Done Deal Yet

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    Recent efforts in Congress toward an updated regulatory framework for digital assets have led to two bills — the GENIUS Act and the CLARITY Act — that represent the most consequential legislative developments yet in the push for coherent, pro-innovation, reliable regulation for the industry, but both face multiple hurdles, says Mike Katz at Manatt.

  • 2 NY Rulings May Stem Foreign Co. Derivative Suits

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    In recent decades, shareholders have challenged the internal affairs doctrine by bringing a series of derivative actions in New York state court on behalf of foreign corporations, but the New York Court of Appeals' recent rulings in Ezrasons v. Rudd and Haussmann v. Baumann should slow that trend, say attorneys at Cleary.

  • Despite Rule Delay, FTC Scrutiny Looms For Subscriptions

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    Even though the Federal Trade Commission has delayed its click-to-cancel rule that introduces strict protocols for auto-renewing subscriptions, businesses should expect active enforcement of the new requirements after July, and look to the FTC's recent lawsuits against Uber and Cleo AI as warnings, say attorneys at Holland & Knight.

  • AGs Take Up Consumer Protection Mantle Amid CFPB Cuts

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    State attorneys general are stepping up to fill the enforcement gap as the Trump administration restructures the Consumer Financial Protection Bureau, creating a new regulatory dynamic that companies must closely monitor as oversight shifts toward states, say attorneys at Cozen O’Connor.

  • Va.'s Altered Surcharge Law Poses Constitutional Questions

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    Virginia's recently amended consumer protection law requiring sellers to display the total price rather than expressly prohibiting surcharges follows New York's recent revision of its antisurcharge statute and may raise similar First Amendment questions, says attorneys at Stinson.

  • Series

    Volunteering At Schools Makes Me A Better Lawyer

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    Speaking to elementary school students about the importance of college and other opportunities after high school — especially students who may not see those paths reflected in their daily lives — not only taught me the importance of giving back, but also helped to sharpen several skills essential to a successful legal practice, says Guillermo Escobedo at Constangy.

  • Fed's Crypto Guidance Yank Could Drive Innovation

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    The Federal Reserve Board's recent withdrawal of guidance letters brings regulatory consistency and broadens banks' ability to innovate in the crypto-asset space, but key distinctions remain between the Fed's policy on crypto liquidity and that of the other banking regulators, says Dan Hartman at Nutter.

  • Attacks On Judicial Independence Tend To Manifest In 3 Ways

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    Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.

  • OCC's Digital Embrace Delivers Risk, Opportunity For Banks

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    As the Office of the Comptroller of the Currency continues to release and seek more information on banks' participation in the crypto-asset arena, institutions may see greater opportunity to pursue digital asset and custody services, but must simultaneously educate themselves on transformations occurring throughout the industry, says Kirstin Kanski at Spencer Fane.

  • Remediation Still Reigns Despite DOJ's White Collar Shake-Up

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    Though the U.S. Department of Justice’s recently announced corporate enforcement policy changes adopt a softer tone acknowledging the risks of overregulation, the DOJ has not shifted its compliance and remediation expectations, which remain key to more favorable resolutions, say Jonny Frank, Michele Edwards and Chris Hoyle at StoneTurn.

  • Series

    Law School's Missed Lessons: Appreciating Civil Procedure

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    If you’re like me, law school’s often complex and theoretical approach to teaching civil procedure may have contributed to an early struggle with the topic, but when seen from a practical perspective, new lawyers may find they enjoy mastering these rules, says Chloe Villagomez at Foster Garvey.

  • Section 899 Could Be A Costly Tax Shift For US Borrowers

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    Intended to deter foreign governments from applying unfair taxes to U.S. companies, the proposal adding new Section 899 to the Internal Revenue Code would more likely increase tax burdens on U.S. borrowers than non-U.S. lenders unless Congress limits its scope, says Michael Bolotin at Debevoise.

  • Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use

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    The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.

  • The State Of Play For Bank Merger Act Applications

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    Both the Office of the Comptroller of the Currency's recent reversal of changes to its bank merger policies and the Federal Deposit Insurance Corp.'s rescission of its 2024 statement may be relevant for all banks considering a transaction, as responsibility for review depends on the identity of the parties and the transaction structure, say attorneys at Davis Polk.

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