Bessent Touts Trump's 'Community Bank Comeback' Agenda

By Jon Hill

U.S. Department of the Treasury Secretary Scott Bessent on Thursday pledged a wide-ranging regulatory push to spur a "community bank comeback," previewing plans that include easing capital rules, updating anti-money laundering standards and supporting expanded deposit insurance.

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NY Atty General Indicted Following Pressure From Trump

By Lauren Berg

New York Attorney General Letitia James was indicted in Virginia federal court Thursday on charges related to mortgage fraud, three weeks after President Donald Trump wrote a social media post encouraging U.S. Attorney General Pam Bondi to take action because James and two other political opponents were "guilty as hell."

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Sullivan & Cromwell Impersonators Hit With NY Fraud Claims

By Emily Sawicki

New York Attorney General Letitia James is attempting to take down a slew of businesses whose names are variants of Sullivan & Cromwell LLP, accusing them of attempting a scheme to fraudulently redirect checks meant for the global corporate law firm.

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Fintech Exec May Claim Double Jeopardy Amid Judge Shuffle

By Julie Manganis

A former executive of payment processor Allied Wallet has filed a double jeopardy motion after the initial Massachusetts federal judge overseeing the fraud case recused himself, a second declared a mistrial and exited due to a family emergency, and a third flagged a potential conflict with a prosecutor.

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Treasury Looks To Cut Suspicious Activity Reporting 'Noise'

By Sarah Jarvis

The U.S. Department of the Treasury's enforcement arm Thursday released clarifications about requirements related to suspicious activity reports, specifying among other things that financial institutions do not have to document their decisions not to file the reports.

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Ally Securities Arm To Pay FINRA $850K Over Records Lapses

By Sydney Price

Brokerage firm Ally Invest Securities LLC has agreed to pay the Financial Industry Regulatory Authority $850,000 to settle claims it did not review or maintain millions of relevant communications records between the firm and its customers due to its failure to take reasonable compliance measures and electronic system failures.

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Investment Adviser Firm Sues Over Fraud Protection Patent

By Elliot Weld

Investment adviser firm FinTegrity LLC has sued Deutsche Bank and a Czech cybersecurity company in Texas federal court with claims they are infringing a patent that covers fraud protection technology.

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Voyager Judge Won't Dismiss Contract Claims In Binance Suit

By Alex Wittenberg

A New York bankruptcy judge said Thursday he expected to deny a request by Binance.US to dismiss Voyager Digital's breach of contract claims stemming from a collapsed asset purchase agreement between the two cryptocurrency ventures.

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Strategies For Defending Banks In Elder Abuse Cases

Several recent cases demonstrate that banks have plenty of tools to defend against claims they were complicit in financial abuse of older adults, but financial institutions should also continue to educate customers about third-party scams before they happen, say attorneys at Troutman.

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A Look At Project Crypto's Plans For Digital Asset Regulation

U.S. Securities and Exchange Commission Chairman Paul Atkins' recent announcement of Project Crypto, an agencywide initiative to modernize federal securities regulations, signals a significant shift toward a more flexible regulatory framework that would shape the future of the U.S. digital asset market, say attorneys at WilmerHale.

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AG Watch: Va. Race Spotlights Consumer Protection Priorities

Ahead of the state's attorney general election, Virginia companies should assess how either candidate's approach could affect their compliance posture, with incumbent Jason Miyares promising a business-friendly atmosphere that prioritizes public safety and challenger Jay Jones pledging to focus on economic justice and corporate accountability, says Chuck Slemp at Cozen O’Connor.

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What 2 Recent Rulings Mean For Trafficking Liability Coverage

Two recent federal district court decisions add to a growing number of courts concluding that Trafficking Victims Protection Reauthorization Act claims may trigger coverage under commercial general liability policies, rejecting insurer arguments regarding public policy and exclusion defenses, says Joe Cole at Shumaker.

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Series

Painting Makes Me A Better Lawyer

Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.

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Analysis

False-Statement Case Puts Comey In Rare Company

By Phillip Bantz

Former FBI director James Comey is the latest addition to the relatively short list of government officials who have been criminally charged over the past several decades with making false statements to Congress.

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Tort Report: Nuked 'Nuclear Verdict' Stays, Texas Justices Say

By Y. Peter Kang

The fate of a "nuclear verdict" that was used to jump-start tort reform campaigns across the country and a settlement of a suit over a Kiss guitar technician's death lead Law360's Tort Report, which compiles recent personal injury and medical malpractice news that may have flown under the radar.

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Jenn Mascott Of WH Counsel's Office Confirmed To 3rd Circ.

By Courtney Bublé

The Senate voted 50-47 on Thursday to confirm Jenn Mascott, currently serving in the White House Counsel's Office, to the Delaware seat on the Third Circuit.

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7th Circ. Nominee Taibleson Advances To Full Senate

By Courtney Bublé

The Senate Judiciary Committee advanced on party lines the nomination of Rebecca Taibleson, a federal prosecutor in Wisconsin, to serve on the Seventh Circuit, as well as four district judicial nominees and five U.S. attorney nominees.

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Baldoni Atty Faces LA Malpractice Suit Over Client 'Betrayal'

By Emily Sawicki

Entertainment attorney Bryan Freedman has been accused in Los Angeles County Superior Court of turning his back on a former client, allegedly convincing him to sign an unfavorable settlement on trademark claims against "It Ends With Us" star Justin Baldoni, only to later begin representing the actor and director.

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Calif. Supreme Court Justice Martin Jenkins To Retire

By James Mills

California Supreme Court Justice Martin J. Jenkins, the first openly gay man and the third African American man to sit on the bench, will retire at the end of October, the court announced Thursday.

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Weinstein Says Jurors Traded Threats, Tainting Verdict

By Cara Salvatore

Harvey Weinstein's legal team said his June sexual assault convictions were tainted by juror misconduct, including physical threats and an unfounded bribery claim, arguing in a motion for a new trial that a judge refused to properly investigate.

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