OCC, FDIC Raise Bar For Examiners To Criticize Banks

By Jon Hill

Federal banking regulators moved Thursday to rein in their use of supervisory warnings and enforcement actions, rolling out new standards that they said will focus examiner attention on material financial risks rather than process and documentation concerns.

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Binance.US Beats Sherman Claims, Rest Sent To Arbitration

By Nadia Dreid

Cryptocurrency exchange Binance.US and a digital asset market data website have beaten for good antitrust claims in a proposed class action accusing them of working together to suppress a cryptocurrency's value by misstating its ranking, but Binance must face other claims in arbitration.

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Colo. AG Accuses EarnIn Of Making Illegal Payday Loans

By Katryna Perera

Colorado's attorney general has accused the financial firm EarnIn of illegally providing "predatory" payday loans to tens of thousands of Coloradans through its earned wage access product, charging annual percentage rates of 1,000% or more.

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OpenAI Leads Corporate Push To Bolster Cyber Defense

By Craig Clough

OpenAI and more than 100 other companies and organizations signed an open letter Thursday calling for a global surge in cyber defense, warning that artificial intelligence will make cyberattacks "more widespread and sophisticated" in the coming months.

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HMRC Says 240 People Had Crypto Gains Over £1M Last Year

By Kevin Pinner

Two hundred and forty people reported capital gains from cryptocurrency that exceeded £1 million ($1.36 million) in the 2024-2025 tax year, collectively making about £717 million, HM Revenue & Customs said Thursday in its first dissemination of capital gains tax data specific to cryptocurrencies.

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LGBCoin Defendant Says $75K Fee Bid In Suit Is Inflated

By Madison Arnold

The defendant who lost a default judgment earlier this month in favor of "Let's Go Brandon" meme coin investors has told a Florida federal judge that the plaintiffs' $75,000 fees request is too high.

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Deals Rumor Mill

SoftBank Weighs Big Bet On Humanoid Maker, And More

By Al Barbarino

SoftBank is looking to acquire a majority stake in humanoid robotics developer 1X Technologies at a $6 billion valuation, investment bankers are shopping Warner Bros. Discovery assets around as Paramount Skydance seeks potential remedies in its effort to complete its $110 billion acquisition of the media company, and Vanguard Group is set to acquire fintech platform Altruist for around $4 billion.

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NC Crypto Kiosk Law Opens Door To Stricter Fraud Regs

North Carolina's new cryptocurrency kiosk law will force operators to build fraud-screening, disclosure and compliance systems before the end of the year, while also providing an opening for more stringent city and county limits on kiosk placement and operations, say attorneys at Moore & Van Allen.

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Series

Taekwondo Makes Me A Better Lawyer

Taekwondo has taught me to recognize when to fight for a position and when to focus on finding a solution, and that the best outcomes are often achieved by solving problems — all of which has improved my work as a bankruptcy lawyer, mediator and Subchapter V trustee, says Amy Denton Mayer at Berger Singerman.

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Exclusive

Inside The $150M Immigration Contract That Wasn't

By Daniel Connolly

The leader of a small Houston-based law firm says she was "blindsided" by an announcement from the federal government that her 24-attorney shop had won a $150 million no-bid contract to represent thousands of immigrant children in deportation proceedings.

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ABA Faces Uphill Battle To Remain As Law School Accreditor

By Emma Cueto

The American Bar Association council responsible for accrediting law schools is fighting on multiple fronts to retain its status as a nationwide accreditor, fending off challenges at both the federal and state levels.

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Dems Say DOJ Opinion Aims To Foil Oversight Of White House

By Courtney Bublé

With midterm elections right around the corner, Senate Democrats are worried the new legal opinion from the U.S. Department of Justice could let the Trump Administration obstruct congressional oversight of the White House.

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Google Users' Atty Fee To Be In 'Realm' Of $147M, Judge Says

By Bonnie Eslinger

A California federal judge indicated Thursday that he won't give the full $147 million in fees sought by lawyers who won a $425 million class action verdict against Google for unlawfully collecting user information, but he said their "really excellent lawyering" deserves an amount "within that realm."

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Womble Bond Asks To Drop Dutch Software Client Over Rift

By Hayley Fowler

Womble Bond Dickinson is looking to pull its representation of a Dutch software company after five years of a bitter trademark battle, citing a "fundamental disagreement" that has allegedly made it impossible for the firm to move forward as counsel of record.

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