Banking

  • February 18, 2026

    Education Dept. Faces Suit Alleging Double Loan Reporting

    The U.S. Department of Education has been causing student loan balances to appear doubled on borrowers' credit reports, a New York resident alleged in a proposed class action filed Wednesday in New York federal court, saying her $150,000 total loan balance was reported at $300,000.

  • February 18, 2026

    Robinhood Clears Fla. AG Probe Of Crypto Platform Marketing

    Robinhood Markets Inc. told investors on Wednesday that Florida's attorney general has closed an investigation into the marketing practices of its crypto trading arm, ending a probe that had scrutinized whether the company misled customers about trading costs.

  • February 18, 2026

    Epstein Survivor Seeks Class Cert. In BofA 'Blind Eye' Suit

    A survivor of Jeffrey Epstein's sex-trafficking operation who is suing Bank of America for allegedly facilitating the disgraced financier's crimes seeks certification of a class of potentially over 1,000 victims of the enterprise and has asked the court to appoint two firms as lead counsel.

  • February 18, 2026

    PayPal 'Too Optimistic' With 2027 Forecast, Investors Say

    PayPal was hit with a shareholder's proposed class action accusing it and its executives of damaging investors by walking back positive guidance and a strong growth trajectory for its branded checkout segment earlier this month.

  • February 18, 2026

    BofA Military Interest Cap Suit Should Be Tossed, Judge Says

    A North Carolina federal judge has recommended tossing a proposed class action accusing Bank of America of violating an interest cap law for military service members, saying the veteran plaintiffs have failed to allege any actual violations of federal or state law.

  • February 18, 2026

    Trump Admin Doubles Down At DC Circ. In Fight Over CFPB

    The Trump administration has pressed the D.C. Circuit to lift an injunction barring mass layoffs at the Consumer Financial Protection Bureau, slamming it as a "sweeping intrusion" on agency management that rests on incorrect speculation about what the end goal is.

  • February 18, 2026

    McCarter & English Seeks Delay, Toss Of $22M Ethics Case

    McCarter & English LLP doubled down on its bid to sink a $22.3 million professional negligence lawsuit by two insurance companies, arguing document production delays warrant nonsuit and that the court should, at the very least, push back a March trial date approaching in the case.

  • February 18, 2026

    TD Bank Customers Seek OK Of $2.5M Debt Collection Deal

    A class of West Virginia TD Bank credit card holders asked a federal judge to grant final approval to a $2.5 million settlement to end claims the bank improperly used different names when collecting debt.

  • February 18, 2026

    Liberty Mutual Inks $13.4M 401(k) Fee, Investment Suit Deal

    Liberty Mutual has agreed to shell out $13.4 million and change its employee 401(k) plan management process to end a class action alleging that the insurance company allowed excessive fees and underperforming investment options to drain workers' retirement savings, according to filings in Massachusetts federal court.

  • February 17, 2026

    OCC Floats New Appeals Board To Hear Bank Exam Disputes

    The Office of the Comptroller of the Currency is moving to overhaul its internal appeals process for banks, pitching a new review board and other changes that could make challenges to examiner findings more common and more likely to succeed.

  • February 17, 2026

    Educator Unions Call For SEC Probe Of Apollo's Epstein Ties

    The American Federation of Teachers and American Association of University Professors on Tuesday urged the U.S. Securities and Exchange Commission to investigate statements made by Apollo Global Management concerning the private equity firm's alleged ties to convicted sex offender Jeffrey Epstein.

  • February 17, 2026

    Wash. Bank Ignored Ponzi Scheme Warnings, Investors Say

    Investors have urged a Washington federal judge not to toss their suit accusing Columbia Bank of keeping a real estate investment firm's $230 million Ponzi scheme afloat by maintaining the enterprise's accounts even when evidence of fraud surfaced, arguing there is ample factual evidence showing that the bank knew about the scheme and assisted in it.

  • February 17, 2026

    SEC's Atkins Floats Litigation 'Safe Harbor' For Public Cos.

    U.S. Securities and Exchange Commission Chairman Paul Atkins on Tuesday put forth a raft of ideas for encouraging shorter corporate disclosures, including a possible "safe harbor" for publicly traded companies looking to avoid shareholder lawsuits for failing to report the impact of highly publicized events on their businesses.

  • February 17, 2026

    CFTC Lands $1.3M Settlement In Immigrant Fraud Case

    The Commodity Futures Trading Commission has reached a $1.3 million settlement with the operator of an unlicensed commodity pool who allegedly targeted dozens of Spanish-speaking immigrants in a $1.5 million Ponzi-like scheme that used a fictitious license containing a counterfeit CFTC seal and a forged commissioner's signature to falsely promise investors guaranteed monthly returns.

  • February 17, 2026

    Gemini Parts Ways With CLO Amid Post-IPO Strategy Shift

    Winklevoss-led crypto exchange Gemini Space Station Inc. on Tuesday promoted one of its lawyers to interim general counsel as it parted ways with its chief legal officer, just weeks after the platform said it would wind down some international operations and reduce its workforce.

  • February 17, 2026

    Firm Seeks Sanctions For Rhodium Settlement Fee Fight

    Lehotsky Keller Cohn LLP is asking a Texas bankruptcy judge to sanction members of the board of bankrupt cryptocurrency miner Rhodium Encore LLC and their attorneys, saying they used false claims of misconduct to delay an $8.9 million fee payment.

  • February 13, 2026

    Fintech's Home Equity Product Is Predatory Loan, Suit Says

    Fintech firm Hometap Equity Partners LLC faces class action claims in New Jersey federal court that its "complex, confusing and high-risk" home equity products are predatory loans in disguise that violate federal and state consumer protection laws and could cost consumers their homes.

  • February 13, 2026

    Banking, Fintech Groups Clash Over OCC Trust Rule Update

    Banking groups have warned the Office of the Comptroller of the Currency that it's overstepping its authority with a proposal to update the scope of national trust company operations, while fintech groups that the rule change would ostensibly benefit have applauded the measure.

  • February 13, 2026

    FinCEN Opens Online Portal For Whistleblower Tips

    An enforcement arm of the U.S. Treasury Department on Friday launched a webpage for confidential whistleblower tips on fraud, money laundering and sanctions violations, touting financial awards for eligible tips.

  • February 13, 2026

    CFPB Calls State AGs' Suit Moot Now That It Has Funding

    The Consumer Financial Protection Bureau has told an Oregon federal judge that a suit brought by several state attorneys general over acting Director Russell Vought's alleged refusal to replenish the agency's funding from the Federal Reserve is now moot since the CFPB "has requested and received funding for this quarter."

  • February 13, 2026

    9th Circ. Nixes Chase Atty Fees In Wrongful Garnishment Suit

    The Ninth Circuit has partly revived a suit accusing Chase Bank NA and a debt-collector law firm of illegally garnishing Social Security funds from an Arizona man's retirement accounts, ruling they should have known that the funds were immune from garnishment.

  • February 13, 2026

    FinCEN Eases Beneficial Owner ID Rules For Banks

    The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.

  • February 13, 2026

    Fintech Clear Street Delays US IPO After Downsizing Offering

    Cloud-based financial services provider Clear Street has postponed its initial public offering due to market conditions, a move that comes just a day after the company significantly reduced its planned offering size.

  • February 13, 2026

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.

  • February 12, 2026

    JPMorgan Unit Must Face Trimmed Cash Sweep Claims

    A JPMorgan Chase subsidiary must face some, but not all, of the claims in a consumer proposed class action accusing the bank and a brokerage firm of underpaying the interest on their cash sweep accounts, a New York federal judge ruled Thursday.

Expert Analysis

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

    Author Photo

    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Shopify Suit Is An Early Antitrust Test Of 'Buy Now, Pay Later'

    Author Photo

    An ongoing antitrust suit in Minnesota federal court filed by Sezzle against Shopify — one of the earliest such lawsuits focused on buy now, pay later services — could play a particularly informative role in how short-term credit offerings and the broader market develop, say attorneys at Alston & Bird.

  • 2025's Most Notable State AG Activity By The Numbers

    Author Photo

    State attorneys general were active in 2025, working across party lines to address federal regulatory gaps in artificial intelligence, take action on consumer protection issues, continue antitrust enforcement and announce large settlements on behalf of their citizens, say attorneys at Jenner & Block.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

    Author Photo

    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Banking M&A Outlook Reflects Favorable Regulatory Climate

    Author Photo

    The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.

  • Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts

    Author Photo

    Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.

  • Series

    Mass. Banking Brief: All The Notable Legal Updates In Q4

    Author Photo

    Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.

  • Series

    Muay Thai Makes Me A Better Lawyer

    Author Photo

    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

    Author Photo

    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • State AG Enforcement During CFPB Gap Predicts 2026 Trends

    Author Photo

    State attorneys general responded to the decrease in Consumer Financial Protection Bureau enforcement in 2025 by stepping in to regulate consumer finance more than ever before, and the trends in rebooting CFPB investigations, cracking down on ESG and DEI initiatives, and fighting financial exploitation of homeowners will likely extend into 2026, say attorneys at Cozen O'Connor.

  • Series

    A Day In The In-House Life: Chime GC Talks Pathfinding

    Author Photo

    On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.

  • US Sanctions Targeting Russia's Oil Giants Heighten Biz Risks

    Author Photo

    Businesses operating in the energy sector, both in and outside the U.S., should review their operations for any links to Russian oil companies and their subsidiaries recently targeted by U.S. sanctions, to avoid unexpected reputational and financial risk, and even secondary sanctions, say authors at Blank Rome.

  • Expect A New Normal In Commercial Real Estate This Year

    Author Photo

    Even amid office vacancies and a wave of loan maturities, the commercial real estate market isn't as volatile as one might expect heading into 2026, but market stress is still uniquely intersecting with broader business challenges, creating new opportunities for corporate counsel and other practitioners beyond real estate, says Mark Bell at Stinson.

  • 2nd Circ. Ruling Shows Procedural Perils Of Civil Forfeiture

    Author Photo

    The Second Circuit’s recent U.S. v. Ross decision, partially denying the return of an attorney's seized funds based on rigid standing requirements, underscores the unforgiving technical complexities of civil asset forfeiture law, and provides several lessons for practitioners, says Elisha Kobre at Sheppard Mullin.

  • Preparing For Congressional Investigations In A Midterm Year

    Author Photo

    2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.