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Banking
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April 01, 2026
Veterans Say Synchrony Arbitration Order Defies MLA
Synchrony Bank customers said a North Carolina federal judge erred when directing them to arbitrate claims accusing the bank of promoting a misleading 0% interest rate for veterans, arguing the order contains several misinterpretations of the Military Lending Act.
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April 01, 2026
2nd Circ. Says No Atty Conflict For Convicted Payday Lender
The Second Circuit on Wednesday affirmed a district court's conviction of a payday lender on racketeering, money laundering and fraud claims, rejecting the lender's argument that his conviction must be vacated because, while his trial was underway, his court-appointed counsel cooperated with the same prosecutors' office in an unrelated case.
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April 01, 2026
Rocket Mortgage Seeks Toss Of Homebuyers' Antitrust Case
Rocket Companies Inc., subsidiary Rocket Mortgage LLC and other Rocket subsidiaries are urging a Michigan federal court to toss a proposed antitrust class action from homebuyers who claim the Rocket companies illegally provide business leads to real estate agents who tell homebuyers to pick Rocket to finance home purchases despite competing services that are better.
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March 31, 2026
'Best Judicial System In The World': Alsup Reflects On Career
Before taking inactive status late last year, U.S. District Judge William H. Alsup presided over historic litigation in California's Northern District for 26 years, arriving at his San Francisco chambers every weekday before dawn to prepare for the day's work.
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March 31, 2026
Ga. Lawmakers OK Opening Damages To Fraud Victims
Georgia lawmakers gave final approval to legislation that would allow state securities regulators within the secretary of state's office to force fraudsters to repay damages directly to investor victims.
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March 31, 2026
Fed Will Take Fresh Look At Insider Loan Rules, Bowman Says
Federal Reserve Vice Chair for Supervision Michelle Bowman signaled Tuesday that changes could be on the horizon for a set of longstanding rules that limit banks' lending to their own executives and other insiders, identifying them as an upcoming target for reconsideration.
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March 31, 2026
BioPharma Spoofing Suit Against Canadian Banks Proceeds
A New York federal judge has ruled that Quantum BioPharma Ltd. can pursue most of its lawsuit accusing the brokerage arms of the Royal Bank of Canada and the Canadian Imperial Bank of Commerce of spoofing the biopharmaceutical company's stock, finding that Quantum plausibly alleged that the scheme occurred and that the banks acted recklessly.
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March 31, 2026
Senate Dems Probe Musk's Alleged Role In CTA Retreat
Three Democratic senators have asked U.S. Treasury Secretary Scott Bessent to provide information on Elon Musk's possible involvement in the rollback of the Corporate Transparency Act, saying the department's moves allow entities tied to the billionaire to operate in obscurity.
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March 31, 2026
Prior Loss Dooms Robocall Blocker's Fight With Synchrony
The 2016 outcome of a robocall blocker's lawsuit in the Northern District of Illinois bars the same company from pursuing similar claims that it filed against Synchrony Financial in Connecticut, a federal judge has ruled in tossing the latest case for good.
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March 31, 2026
Lenders Balk At Bankrupt IHC's Pitch To Hire Raymond James
Six creditors have asked a Texas bankruptcy judge to withhold approval from senior living facility investor and operator Inspired Healthcare Capital's current bid to hire Raymond James & Associates Inc. in the company's Chapter 11.
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March 31, 2026
Wells Fargo Can't Duck Finance Manager's Disability Bias Suit
Wells Fargo has been denied an early exit from a finance manager's disability bias lawsuit, with a North Carolina federal judge saying Tuesday her complaint contained sufficient allegations to survive dismissal.
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March 31, 2026
OCC Scraps Recovery Planning Standards For Big Banks
The Office of the Comptroller of the Currency said Tuesday that it is dropping its requirements for large banks to keep contingency plans for handling severe financial stress scenarios, finalizing the withdrawal of guidelines that date back to the Obama administration.
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March 31, 2026
Libre Sale Voided Under $811M CFPB, State AG Judgment
A Virginia federal judge has overturned the sale of an immigration bond company found liable for predatory lending practices, ruling the transaction knowingly violated the terms of an $811 million judgment entered just days before the deal was signed.
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March 31, 2026
Atlanta, Ex-IG Freed From Lobbyist's Bank Subpoena Suit
A Georgia federal judge freed the city of Atlanta and its former inspector general from a lobbyist and city contractor's suit accusing them of illegally issuing subpoenas for the lobbyist's bank records to bolster a frivolous corruption probe.
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March 31, 2026
Clifford Chance Structured Finance Partner Jumps To Kirkland
Kirkland & Ellis LLP has hired a former Clifford Chance LLP attorney as a debt finance partner in the firm's complex securitizations practice.
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March 30, 2026
FinCEN Cautions On Benefits Fraud, Floats Tipster Award Plan
The U.S. Department of the Treasury's illicit finance watchdog called Monday for banks to step up monitoring for Medicare and Medicaid fraud, issuing new guidance on flagging suspicious activity, which came as officials also moved to incentivize financial crime reporting with new draft rules to offer tipster rewards.
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March 30, 2026
Blumenthal Questions SEC Over Crypto Cases, Ryan Exit
U.S. Sen. Richard Blumenthal is demanding answers from U.S. Securities and Exchange Commission Chairman Paul Atkins about the sudden resignation of the regulator's enforcement director and whether her departure was related to cryptocurrency cases, including one touching on the Trump family's ventures.
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March 30, 2026
X Gets Backup In Fed. Circ. Fight Against $175M Patent Loss
Patent quality advocacy group Askeladden LLC has backed X Corp.'s Federal Circuit challenge to a loss of more than $175 million that it saw in a patent infringement suit, saying the patented claims at issue should have been found invalid to begin with.
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March 30, 2026
Comerica Beats Suit Over Interest On Benefit Card Funds
A Michigan federal judge on Friday freed Comerica Bank from claims that it unlawfully profited from a government benefit debit card program it administered by keeping the interest generated by the funds, finding that two contractual agreements invalidate the cardholders' claims to the earnings.
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March 30, 2026
TD Bank Moves Funds' Suits Over Failed First Horizon Deal
Toronto-based TD Bank has moved to New Jersey federal court two suits from hedge funds that invested in First Horizon Corp. alleging TD Bank is liable for their losses due to statements it made about the likelihood of regulatory approval of the banks' merger, arguing the suits both raise federal questions that belong in federal court.
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March 30, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court's docket this past week featured disputes involving globally recognized companies, high-dollar contract fights, revived claims from the state's high court and the resolution of a closely watched de-SPAC case.
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March 30, 2026
DOL Rule Would Expand Alternatives In Retirement Plans
The U.S. Department of Labor unveiled a proposal Monday to expand access to alternative investments, like private equity and digital assets, in retirement plans by establishing a safe harbor process for fiduciaries to follow when deciding where retirees' savings go.
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March 27, 2026
BofA Will Pay $72.5M In Deal Ending Epstein Ties Allegations
Bank of America agreed to pay $72.5 million to put to rest a proposed class action alleging the bank helped facilitate Jeffrey Epstein's sex crimes, according to a motion for preliminary approval of the deal filed in New York federal court Friday.
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March 27, 2026
FCC Told It Can't Make Foreign Call Centers Speak English
The National Creditors Bar Association is not pleased with the Federal Communications Commission's plans to pass new rules that would require companies to make sure their foreign call center operators speak "American Standard English," saying the agency has no power over foreign employees.
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March 27, 2026
Kansas City Fed Pressed For Kraken Account Approval Terms
The ranking member of the House Financial Services Committee asked the Federal Reserve Bank of Kansas City to share more information about its decision to grant crypto firm Kraken Financial access to Fed payment rails, including what limits it imposed on the new type of tailored master account.
Expert Analysis
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6 Things Bankers Need To Know About AI-Powered M&A
Artificial intelligence is now ingrained in banking mergers and acquisitions, and bankers should learn the key elements of the technology's competency and limits, such as that AI-enhanced reviews do not replace compliance, despite their speed and depth, say attorneys at Spencer Fane.
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The Law Firm Merger Diaries: Leadership Strategy After Day 1
For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.
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Clearing US Legal Hurdles To Biz Opportunities In Venezuela
Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.
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How Blockchain Could Streamline Real Estate Transactions
As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.
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Calif.'s Civility Push Shows Why Professionalism Is Vital
The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.
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Tips For Consumer Finance GCs Navigating AI In Pro Se Suits
There are several avenues for consumer finance in-house counsel to make artificial intelligence use disclosure requirements a standardized tool when facing pro se litigants, including preservation demands and discovery requests to ease friction and root out inaccurate legal representations, says Lee Barrett at Planet Home Lending.
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Series
Trivia Competition Makes Me A Better Lawyer
Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.
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Tips For Banks Navigating AI Benefits, Risks And Regulation
To understand how artificial intelligence affects banks and is used in the products and services they offer, they must examine use cases, efficiencies, benefits, risks, vendor management and oversight, as well as consider how regulators can use AI and are monitoring its use in banking activity, says Doug Hiatt at Fredrikson & Byron.
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Series
Law School's Missed Lessons: What Cross-Selling Truly Takes
Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.
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OCC Mortgage Escrow Rules Add Fuel To Preemption Debate
Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.
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How Lenders Can Be Ready For Disparate Impact Variabilities
Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.
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Series
Judges On AI: Practical Use Cases In Chambers
U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.
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A Closer Look At California Financial Regulator's 2026 Agenda
California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.
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Series
Trail Running Makes Me A Better Lawyer
Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.
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Reflections From High Court Oral Args Over Fed Gov. Removal
In the oral arguments last month for Trump v. Cook, which asks the U.S. Supreme Court to clarify the circumstances under which the president can remove a Federal Reserve Board governor, the justices appeared skeptical about ruling on the substantive issues in view of the limited record and analysis, say attorneys at Ballard Spahr.