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Banking
Banking Law360 provides breaking legal news and analysis on the banking sector. Coverage includes high-stakes litigation involving banks, as well as federal, state, and international policy developments and corporate deals.
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Latest News in Banking
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February 06, 2026
WithU, Scratchpay Sued Over Alleged 568% Loan Interest Rate
Online direct lender WithU and California fintech platform Scratchpay were hit with a proposed class action in Washington federal court on Friday by a consumer who claims he was cornered into borrowing a loan with a nearly 568% interest rate to pay for his cat's cancer treatment.
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February 06, 2026
Paycheck Advances Aren't Loans, Fintech Orgs Tell 9th Circ.
Fintech trade groups on Friday urged the Ninth Circuit to rein in class litigation over earned wage access products, arguing it should recognize the products as distinct from credit under federal lending laws or risk upending a popular, safer alternative to traditional loans.
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February 06, 2026
$8M Rent-To-Own Class Settlements Get Final OK
Five years of litigation — split between sister suits in North Carolina state and federal court — revolving around allegedly exorbitant fees on rent-to-own contracts for storage sheds ended this week after both courts entered final judgments and cemented a combined $8 million settlement.
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February 06, 2026
'Very Bizarre': Trump's Funding Freeze Appeal Vexes DC Circ.
D.C. Circuit judges struggled Friday with whether to unblock a federal funding freeze carrying multitrillion-dollar implications, as a Trump administration lawyer disclaimed interest in a vast spending halt but also dodged opportunities to rule it out unequivocally.
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February 06, 2026
Wintrust Beats Mortgage Loan Racial Bias Suit For Good
Wintrust Financial Corp. and a mortgage lender subsidiary no longer face a proposed class action accusing them of discriminating against Black homebuyers after an Illinois federal judge found the amended suit doesn't show that the alleged discrimination was intentional or resulted in disparate lending outcomes.
Areas of Coverage
- AGENCIES
- Consumer Financial Protection Bureau
- Fannie Mae and Freddie Mac
- Federal Deposit Insurance Corp.
- Federal Reserve System
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- POLICY & REGULATION
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- LITIGATION
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- TRANSACTIONS
- Mergers, acquisitions, and joint ventures
- PROFILES
- Personnel moves
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Readership
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