Banking

  • June 11, 2026

    FDIC Urged To Align Stablecoin Rules With Other Regulators

    Banks and fintechs alike urged the Federal Deposit Insurance Corp. to iron out differences between its proposed standards for stablecoin issuers and those floated by the Office of the Comptroller of the Currency, though the industries continued to battle over crypto firms' ability to offer interest to stablecoin holders.

  • June 11, 2026

    Skadden, Simpson Thacher Steer Digital Bank's $142M IPO

    Skadden Arps Slate Meagher & Flom LLP and Simpson Thacher & Bartlett LLP guided financial services company Forbright Inc. in raising $142 million in its initial public offering on Thursday, which closed at $18 per share.

  • June 11, 2026

    Workers Hit Chiron Financial With Unpaid Wage Suit

    Chiron Financial didn't pay 17 of its workers when it was having money trouble, a proposed class action in Texas federal court alleges, seeking to recoup the money that the workers say they're owed.

  • June 11, 2026

    Bank, Crypto Groups Seek Limits In Stablecoin AML Regs

    Industry groups and firms in the financial and crypto sectors have called for further clarification, flexibility and safe harbors in rules recently proposed by regulators with the U.S. Department of the Treasury for implementing the anti-money laundering and sanctions compliance program requirements of the federal stablecoin framework known as the Genius Act.

  • June 11, 2026

    Sports Prediction Co. Wins CFTC OK To Launch Event Market

    Sports prediction company ProphetX on Thursday received approval from the U.S. Commodity Futures Trading Commission to register as a federally regulated prediction market exchange focused on sports-based event contracts, becoming the first American sports-native, direct-clearing prediction market to launch and operate in full compliance with federal law.

  • June 11, 2026

    Ex-Bank Chief Admits Role In Odebrecht Tax Evasion Plot

    The former CEO of Austrian lender Meinl Bank AG on Thursday pled guilty in Brooklyn federal court after a yearslong fight over accusations he helped Odebrecht SA hide $170 million in funds used to bribe officials around the world and defraud the Brazilian government out of more than $100 million in taxes. 

  • June 11, 2026

    Another GOP Nominee For SEC Could Violate Law, Dems Say

    Senate Banking Committee Democrats are warning the White House not to put another Republican on the U.S. Securities and Exchange Commission without also naming a Democrat, saying it would violate a federal mandate for partisan balance.

  • June 11, 2026

    SEC Proposes Rescinding Trade-Through Rule

    The U.S. Securities and Exchange Commission on Thursday proposed rescinding its rule preventing exchanges from executing trades at lower prices than the best displayed price available on other exchanges, with SEC Chairman Paul Atkins calling the measure "a grave misstep."

  • June 11, 2026

    Investment Cos. Push To Nix Consumers' Tribal RICO Suit

    A couple of investment firms are asking a North Carolina federal court to toss a proposed consumer class action over a so-called tribal lending scheme that charges annual interest rates as high as 490%, saying the borrowers fail to show they helped manage the short-term loan company.

  • June 11, 2026

    Bank Alleges Former VP Took Trade Secrets To Competitor

    Massachusetts regional bank Salem Five on Thursday accused a former vice president for institutional banking of printing hundreds of documents containing confidential and trade secret information before departing for an identical role at a competitor in April.

  • June 11, 2026

    Pasco Bank Ex-CEO Alleges He Was Fired For Going To OCC

    The First National Bank of Pasco faces accusations it retaliated against its CEO by firing him after he made a whistleblower report about suspected compliance issues at the bank to the Office of the Comptroller of the Currency.

  • June 11, 2026

    Investment Adviser Gets 4 Years For Fake Shares Sales

    An Italian citizen who managed a New York-based investment advisory firm will serve four years in prison for his role in a multimillion-dollar scheme to defraud investors hoping to access shares of private companies.

  • June 11, 2026

    Via Transportation Hit With Investor Suit Over $493M IPO

    Technology company Via Transportation Inc. and certain executives and underwriters face a proposed investor class action alleging that the company failed to disclose slowing growth and challenges to expanding its business in the German market before its roughly $493 million initial public offering in September 2025.

  • June 11, 2026

    Lawmakers Reintroduce Bill To Rein In Big Tech Platforms

    Lawmakers reintroduced legislation in the U.S. Senate on Thursday that would impose new rules on large technology platforms, barring them from blocking competition and undermining rivals by giving their own products and services an unfair advantage.

  • June 11, 2026

    Robinhood Accused Of Tricking Users Into Illegal Betting

    Robinhood purportedly tricks consumers into illegally gambling by disguising its event contracts as a "modern, sophisticated form of investing" when, in reality, the contracts are just plain old-fashioned sports betting that is unregulated and in violation of state gambling laws, a new lawsuit alleges in California federal court.

  • June 11, 2026

    BofA Prevails In Authentication Patent Case At Fed. Circ.

    A user authentication patent owner that sued Bank of America for infringement lost its challenge to how a Texas federal court interpreted a key patent term, after the Federal Circuit on Thursday backed the lower court's claim construction.

  • June 11, 2026

    Ex-Moelis Banker Avoids Prison After US Trip To Admit Guilt

    A Manhattan federal judge allowed a former Moelis & Co. investment banker to avoid prison Thursday after he voluntarily traveled to the United States to cop to his role in a large insider trading conspiracy that profited from stolen merger secrets.

  • June 10, 2026

    Calif. Man Accused Of Faking Title Policies In $100M Fraud

    A California man was arrested Wednesday and accused of defrauding a bank of nearly $100 million by manipulating title policies to falsely indicate who held the first-lien position on certain loans and to make collateral pledged to the bank appear more valuable than it actually was.

  • June 10, 2026

    Rakoff Frees Big Banks From Investors' Tricolor Fraud Suit

    U.S. District Judge Jed Rakoff in the Southern District of New York on Wednesday threw out an investor suit accusing JPMorgan, Barclays and Fifth Third of facilitating a sprawling alleged fraud by Tricolor Holdings, the bankrupt subprime auto lender.

  • June 10, 2026

    Ex-TD Bank Teller Gets 2 Years For Laundering Drug Cash

    A New Jersey federal judge sentenced a former TD Bank NA teller on Wednesday to two years in federal prison for accepting bribes and helping launder millions of dollars in drug proceeds through a scheme that transferred illicit money from the U.S. to Colombia.

  • June 10, 2026

    Trump Picks Bank Exec, Ex-BigLaw Partner For CFPB Director

    President Donald Trump on Wednesday tapped former BigLaw partner Brian Johnson for director of the Consumer Financial Protection Bureau, a move that comes as White House Office of Management and Budget Director Russell Vought's time as interim head of the agency approaches its expiration date.

  • June 10, 2026

    NC GOP Official Accused Of Duping Lenders, Hiding Assets

    A lender accused a North Carolina Republican Party official and furniture heir in federal court on Tuesday of using his family name and its political legacy to influence him into lending over $6.2 million only to let payments fall months in arrears while hiding assets in his father's trust.

  • June 10, 2026

    Snell & Wilmer Adds Ex-Banker To Seattle Finance Team

    A former commercial banker has joined Snell & Wilmer LLP as a partner in the firm's commercial finance practice group, where she will focus on real estate-secured financing and loan workouts.

  • June 10, 2026

    Debt Co. Says Conn. Can't 'Second Guess' Law Firm Work

    An Illinois servicing company for a debt adjustment law firm has filed a new challenge to the Connecticut Department of Banking's attempts to regulate its conduct, asking a state judge to block an enforcement action seeking $100,000 for each alleged violation of state licensing rules.

  • June 10, 2026

    DOJ Says Student Borrowers' Suit Is Moot After Rule's Vacatur

    The Trump administration is urging a D.C. federal judge to toss a lawsuit seeking to revive the Biden-era SAVE student loan repayment rule, arguing that the case is moot because there is no rule left to enforce after the Eighth Circuit ordered the plan vacated in March.

Expert Analysis

  • How FCA, FCPA Risks Are Shifting As Feds Pull Back

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    As the federal government continues its retreat from white collar enforcement, companies should expect False Claims Act risk to grow through private whistleblower suits and Foreign Corrupt Practices Act scrutiny to shift toward foreign prosecutors, requiring more adaptability as accountability becomes less centralized, says Temidayo Aganga-Williams at Selendy Gay.

  • Series

    Cow Horse Makes Me A Better Lawyer

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    Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

  • Fla. Driver Ruling Shows Renewed Focus On Privacy Standing

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    A Florida federal court's recent dismissal of a class action alleging that private driving records had been improperly used in violation of the Driver's Privacy Protection Act suggests that companies defending against privacy class actions in Florida may reconsider Article III challenges at the dismissal stage, say attorneys at Sidley.

  • NY's UCC Updates Spell Change In Digital Asset Lending

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    Given the state’s role as a preferred jurisdiction for financing transactions, New York’s recent enactment of Uniform Commercial Code amendments, which establish control as a central concept for determining who has rights to a digital asset, will encourage nationwide growth toward a more technology-neutral approach to secured transactions, say attorneys at Manatt.

  • Opinion

    Agentic AI And Securities Law: Steps Congress Should Take

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    Agentic artificial intelligence technology doesn't fit comfortably into the existing securities regulatory landscape, so Congress should avoid repeating the mistakes that led to the legal uncertainty crypto companies and investors have faced over the past decade-plus by providing a legislative framework before AI fully matures, says Joseph A. Hall at Davis Polk.

  • 3 Disgorgement Questions Linger After Justices' SEC Ruling

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    While the U.S. Supreme Court’s recent decision in Sripetch v. U.S. Securities and Exchange Commission avoided placing new limits on the SEC’s disgorgement powers, it passed over several questions, including whether the commission can seek disgorgement when returning the money to investors isn't possible, says David Slovick at Kopecky Schumacher.

  • How Crypto Firms Can Prep As Clarity Act Inches Toward Law

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    Though the Digital Asset Market Clarity Act’s road to enactment remains uncertain, the statutory framework for regulating digital commodities recently advanced by the Senate Banking Committee is now sufficiently developed that market participants can begin preparing in several areas where the complicated legislation would affect them, say attorneys at Cahill Gordon.

  • Checking For AI Errors Is Now A Two-Way Street

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    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • Lessons For Banks From Recent FCA Enforcement Trends

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    While government relief programs rely on financial institutions in times of economic uncertainty, recent enforcement shows that a government partnership may not protect banks from liability involving False Claims Act missteps, say attorneys at O'Melveny.

  • Series

    The Biz Court Digest: Shoring Up Corporate Law In Maryland

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    Launched more than 20 years ago to improve complex corporate adjudication, Maryland's Business and Technology Case Management Program has been a solid success in some areas, but there always is room for improvement, says Bill Krulak at Miles & Stockbridge.

  • How End Of SEC 'Gag Rule' Affects Free Speech Certiorari Bid

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    The Securities and Exchange Commission's recent rescission of the so-called gag rule, which forbade defendants in settlements from denying the SEC’s allegations, may sway the outcome of a petition to the Supreme Court in a case challenging the rule on First Amendment grounds, say attorneys at Troutman.

  • Banks Should Reassess Warehouse Lines Amid Credit Stress

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    Growing stress in private credit markets means banks with warehouse lines to nonbank lenders should inventory exposures, revisit covenants and prepare for tougher regulator scrutiny, as repayment strains and weakening fund liquidity could turn seemingly indirect risks into material compliance concerns, say attorneys at Barack Ferrazzano.

  • Data Collection Push Signals New Era For Bank Compliance

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    An executive order pushing for broad bank collection of beneficiary data and a Financial Crimes Enforcement Network geographic targeting order in Minnesota should prompt financial institutions to run checks on customer diligence and privacy controls, as these directives may be part of a wider compliance shift, say attorneys at Faegre Drinker.

  • Series

    Competing At Poker Makes Me A Better Lawyer

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    Playing poker in male-dominated rooms taught me to treat skepticism as background noise when my opponents seem to underestimate me, to apply pressure when it matters and to adapt without losing strategic discipline — skills that are all indispensable in restructuring and insolvency matters, says Alexis Gambale at Pashman Stein.

  • Private Lender Verification Lessons From Recent Fraud Cases

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    Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.

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