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Latest News in Banking

• March 31, 2026

  OCC Rule Tests Nonfiduciary Powers Of Trust Banks

  The Office of the Comptroller the of Currency's updates to its final rule on national bank chartering, effective April 1, may augur a showdown between the OCC, states and traditional banking institutions over both the authority of national trust banks to engage in nonfiduciary activities under the National Bank Act, and the scope of federal preemption, says Audrey Carroll at Stinson.

• March 31, 2026

  Clifford Chance Structured Finance Partner Jumps To Kirkland

  Kirkland & Ellis LLP has hired a former Clifford Chance LLP attorney as a debt finance partner in the firm's complex securitizations practice.

• March 30, 2026

  FinCEN Cautions On Benefits Fraud, Floats Tipster Award Plan

  The U.S. Department of the Treasury's illicit finance watchdog called Monday for banks to step up monitoring for Medicare and Medicaid fraud, issuing new guidance on flagging suspicious activity, which came as officials also moved to incentivize financial crime reporting with new draft rules to offer tipster rewards.

• March 30, 2026

  X Gets Backup In Fed. Circ. Fight Against $175M Patent Loss

  Patent quality advocacy group Askeladden LLC has backed X Corp.'s Federal Circuit challenge to a loss of more than $175 million that it saw in a patent infringement suit, saying the patented claims at issue should have been found invalid to begin with.

• March 30, 2026

  Comerica Beats Suit Over Interest On Benefit Card Funds

  A Michigan federal judge on Friday freed Comerica Bank from claims that it unlawfully profited from a government benefit debit card program it administered by keeping the interest generated by the funds, finding that two contractual agreements invalidate the cardholders' claims to the earnings.

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