Top Stories

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  Wells Fargo, BofA Units Pay SEC $60M Over Cash Sweeps

  By Sarah Jarvis

  The U.S. Securities and Exchange Commission on Friday announced that Merrill Lynch and two units of Wells Fargo ...(read more)

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  What To Expect From Trump's Judicial Nominations

  By Courtney Bublé

  President-elect Donald Trump is taking office with 45 judicial vacancies, which is far less than the 100 plus se...(read more)

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• Split 6th Circ. OKs FERC's Revocation Of Ohio Utility Grid Perk

  By Hailey Konnath

  A split Sixth Circuit panel Friday backed the Federal Energy Regulatory Commission's decision to revoke an incentive for power companies that are required to be members of a regional transmission organization, ruling that federal law requires that utilities voluntarily participate in an RTO to receive the incentive.

• Feds Drop Bribery, Fraud Suit Against Ex-New York Lt. Gov.

  By Rae Ann Varona

  Federal prosecutors on Friday dropped a bribery and fraud suit accusing former New York Lt. Gov. Brian Benjamin of using his position to obtain state grant funds in exchange for campaign contributions, noting the death of a New York real estate lawyer who pled guilty as a cooperating witness in 2022.

• 5th Circ. Finds DACA Unlawful, Limits Ruling To Texas

  By Rae Ann Varona

  The Fifth Circuit on Friday affirmed a Texas federal court's finding that the Deferred Action for Childhood Arrivals program is unlawful but limited its ruling to Texas, saying the state was the only one to show it was injured due to DACA.

• DC Circ. Unsure On Restoring CFTC's Election Betting Ban

  By Jessica Corso

  The D.C. Circuit seemed hesitant Friday to reimpose a ban that the U.S. Commodity Futures Trading Commission had placed on gambling over the fate of U.S. elections, as the judges spent over an hour trying to parse what Congress meant when it said that gaming on derivatives platforms was prohibited.

• Epic Wary Of Apple's Privilege Claims As Doc Review Wraps

  By Dorothy Atkins

  Epic Games' counsel took issue with the rising number of privilege assertions Apple is maintaining over its discovery documents in their ongoing antitrust compliance fight, telling a magistrate judge Friday he's "frankly surprised and concerned" by the sudden increase as Apple's privilege-assertion rereview draws to a close.

• Trump Says He'd Be Harmed By Mar-A-Lago Report's Release

  By David Minsky

  President-elect Donald Trump on Friday urged a Florida federal judge to prevent the release of a report on his criminal case charging him with unlawfully hoarding classified documents at Mar-a-Lago after his first term in office, saying it would result in "very grave" harm to him personally and while serving as president.

• Video Game Maker To Pay $20M For Child Privacy Violations

  By Katryna Perera

  The maker of the video game Genshin Impact has agreed to pay $20 million and block children under 16 from making in-game purchases without parental permission to resolve the Federal Trade Commission's claims that the company misled children and other users about the actual costs of purchases and illegally collected children's personal information.

• Justices Take Up Md. Parents' LGBTQ Storybook Opt-Out Suit

  By Rachel Riley

  The U.S. Supreme Court said Friday it will take on a case from group of Maryland parents contending their local board of education stifled their religious freedom rights by weaving LGBTQ-themed storybooks into its curriculum without giving families the chance to opt-out.

• FirstEnergy Execs Hit With RICO Charges Over Bribe Scandal

  By Elliot Weld

  Two former executives of FirstEnergy Corp. have been hit with federal racketeering charges over their alleged scheme to bribe Ohio House of Representatives members for a billion-dollar bailout that has drawn scrutiny from government agencies and led to long prison sentences for others involved in the scandal.

• Justices To Weigh Repeat Federal Prisoner Appeals

  By Rachel Scharf

  The U.S. Supreme Court agreed on Friday to hear a Florida man's challenge to his 24-year bank robbery sentence, a case that aims to resolve a circuit split over whether federal prisoners can file multiple motions to vacate their convictions.

• GOP Reps. Look To End President's National Monument Power

  By Joyce Hanson

  Two Republican members of Congress have launched a bill seeking to strip the president's power to declare national monuments, saying the Antiquities Act of 1906 is in dire need of reform that would hand over that authority to Congress.

• CFPB Fines Equifax $15M Over Consumer Dispute Issues

  By Kelcey Caulder

  Equifax Inc. and Equifax Information Services LLC must pay a $15 fine over its failure to investigate consumer disputes properly, the Consumer Financial Protection Bureau said Friday.