House Bill To Regulate Earned Wage Advances Clears Panel

By Aislinn Keely

The House Financial Services Committee has advanced a federal framework for fintechs offering paycheck advances despite pushback from some Democrats that the proposal hamstrings states by blocking them from applying their lending laws to the services and imposing stronger consumer protections.

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'I Would've Been Fired': FDIC Expert Pans SVB's Risk-Taking

By Dorothy Atkins

The FDIC's banking expert testified in a California federal bench trial Wednesday that Silicon Valley Bank violated prudent banking standards by mismanaging assets before it collapsed, saying officers knew SVB was taking excessive risks but did not stop, adding that "I would've been fired" if he had managed his bank's assets the same way.

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Goliath Ventures CEO Pleads Guilty To Crypto Ponzi Scheme

By Aislinn Keely

The CEO of Goliath Ventures has pled guilty to wire fraud and money laundering charges in connection with an alleged $400 million crypto Ponzi scheme.

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Brief

DOL Nears ESG Rule Rollback As White House Review Begins

By Jessica Corso

The U.S. Department of Labor is gearing up to repeal a Biden-era rule allowing retirement fiduciaries to consider issues like climate change and social justice when choosing investments, sending the proposed repeal to the White House for review.

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Orrick Recruits 6 Greenberg Traurig Fintech Attys In Miami

By Tracey Read

Orrick Herrington & Sutcliffe LLP announced Wednesday that it has hired a Greenberg Traurig LLP shareholder as a Miami partner and head of fintech licensing, with five other attorneys from that firm expected to join later this month.

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Attorney Mental Health Is An Ethical Obligation In The AI Era

As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

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Series

Illinois Banking Brief: All The Notable Legal Updates In Q2

The last three months were particularly consequential for Illinois banking law, with a federal court ruling reshaping the Interchange Fee Prohibition Act, the state filling enforcement gaps, significant legislative activity and a revision to the community bank leverage ratio, say attorneys at Riley Safer.

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Goldstein Calls Gov't's Attack On Text Messages 'Hypocrisy'

By Jared Foretek

Lawyers for convicted SCOTUSblog founder Thomas Goldstein have rejected prosecutors' claims that the famed U.S. Supreme Court lawyer may have deleted messages between himself and his poker backers, calling the government "hypocritical" after it had previously argued that Goldstein could authenticate the messages if he took the stand at trial.

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Judiciary Dems Seek DOJ Replies Before Blanche Hearing

By Courtney Bublé

Ahead of acting Attorney General Todd Blanche's confirmation hearing for the permanent position, Democrats on the Senate Judiciary Committee are demanding he provide answers to their outstanding oversight inquiries.

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Brief

Texas Federal Judge Requires Confirmation Of AI Checks

By Emily Sawicki

Attorneys and self-represented parties appearing before U.S. District Judge Ernest Gonzalez of the Western District of Texas are now required to certify that they have independently verified the contents of any filings created or edited using artificial intelligence.

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'Do Your Part,' Mass. Judge Chides Read Case Attys Post-Leak

By Cara Salvatore

A Massachusetts judge on Wednesday lectured counsel in the high-profile civil case against Karen Read, the Massachusetts woman acquitted of murdering her Boston police officer boyfriend, to honor their ethical obligations after sensitive information leaked on social media.

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U Of Ky. Appoints Controversial Dean Pick For Law School

By Courtney Bublé

U.S. District Judge Gregory Van Tatenhove of the Eastern District of Kentucky will retire from the bench later this month to become dean of the University of Kentucky's J. David Rosenberg College of Law, a move that sparked controversy in the state.

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Wash. Atty Loses Bid For Jury In Dispute Over Bar Sanctions

By Emily Sawicki

A Washington lawyer sanctioned and disciplined for bringing a "frivolous" election suit in 2021 against then-Gov. Jay Inslee has lost her bid to have her ethics charges heard by a jury, with a state appeals panel finding no error in a trial court's ruling that it lacked jurisdiction to take on the disciplinary matter.

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Analysis

High Court's Guardrails Won't Ease Fight Over Trans Athletes

By Alex Lawson

The U.S. Supreme Court's decision permitting states to ban transgender athletes from girls' sports was written in simple terms, but attorneys tracking the issue see the ruling as a flashpoint for further litigation.

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Analysis

Plea Deals Get Scrutiny In 'Hunter,' But Justices Stay Cautious

By Brandon Lowrey

The shock for Mary Fan came almost immediately after she began her career as a federal prosecutor in Southern California in the mid-2000s.

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5 NYC Legal Service Provider Union Contracts Have Expired

By Andrea Keckley

The collective bargaining agreements for five New York City-based indigent defense and civil legal aid providers expired at the end of the day Tuesday as multiple unions reported outstanding points of contention in their negotiations.

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Watchdog Says DOL Needs Better Info Sharing Controls

By Kellie Mejdrich

The U.S. Department of Labor's lack of controls over information sharing between subagencies and nongovernmental entities, including law firms and legal advocacy organizations, may have unfairly advantaged those parties with privileged investigative information, an agency watchdog reported, though use of the practice has dropped off. 

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Roundup

The Top In-House Hires Of June

By Michele Gorman

Legal department hires during the past month included high-profile appointments at Bayer, Harley-Davidson and PBS. Here, Law360 Pulse looks at some of the top in-house announcements from June.

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