Banking

  • June 08, 2026

    Over 200 Crypto Orgs Urge Senate To Act On Clarity Bill

    More than 200 crypto firms and industry groups are urging Senate leaders to set a full vote for the crypto market structure bill the Clarity Act.

  • June 08, 2026

    Auto Lender, NY Near Deal To End 'Predatory' Loan Suit

    Subprime auto lender Credit Acceptance Corp. and New York's attorney general are closer to settling the rest of an enforcement lawsuit the Consumer Financial Protection Bureau dropped out of last year, according to New York federal court filings.

  • June 08, 2026

    Barclays Loses VAT Appeal Over UK Fixed Establishment

    A Barclays entity lacked a fixed establishment in the U.K. because its British branch was "skeletal" when the Delaware-based company applied for value-added tax grouping, a London tribunal ruled Monday.

  • June 08, 2026

    Skadden-Led First Carolina Bank Unveils Plan For $82.5M IPO

    First Carolina Financial Services Inc., a community bank with branches in four southeastern states, said Monday that it plans to offer 5.5 million shares at a price range of $14 to $16 in an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

  • June 08, 2026

    Ad Watchdog Refers Kalshi For Refusing Influencer Ad Inquiry

    An advertising industry self-regulatory body said Monday that it's referring Kalshi Inc. to regulators "for review and possible enforcement action" after the prediction market platform allegedly declined to answer an inquiry into whether it took steps to ensure its online promoters disclosed their ties to the firm when boosting it on social media.

  • June 08, 2026

    'Hard-Money' Lenders Stole Millions In Fees, Feds Tell Jury

    Two Florida men used their "hard-money" commercial real estate finance company to steal millions, prosecutors told a Manhattan federal jury Monday, calling their operation a scam designed to reap upfront fees before the defendants put up "roadblocks" to kill transactions.

  • June 08, 2026

    Reality TV Stars Say Balch & Bingham Botched Their Defense

    Reality television stars Todd and Julie Chrisley, who were pardoned by President Donald Trump in May 2025 after serving over two years in prison for financial crimes, filed suit against Balch & Bingham LLP and their former defense attorney, alleging they wouldn't have been convicted "had their lawyers done their jobs."

  • June 08, 2026

    Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

    FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • June 08, 2026

    Nationstar Escapes Suit Over COVID-19 Loan Change Denial

    A Pennsylvania federal judge released Nationstar Mortgage from a homeowner's proposed class action, finding the company followed federal guidance when it rejected and later approved a pandemic-based loan modification for federally insured mortgages.

  • June 05, 2026

    DC Circ. Backs CFTC Denial Of $147M Whistleblower Award

    The D.C. Circuit Friday affirmed the U.S. Commodity Futures Trading Commission's decision denying a former trader's bid for a $147 million whistleblower incentive award after he tipped off the agency about foreign exchange market manipulation, saying there's no evidence he was the original source on which the commission relied.

  • June 05, 2026

    Fla. Judge Tosses Nearly All Counts In PE Fund Dispute

    A Florida federal judge tossed most of the counts in a lawsuit brought by two men who alleged their former partner defrauded them in a private equity fund operation, saying the complaint contains repetitive claims and provides little information of wrongdoing. 

  • June 05, 2026

    Wamco Inks $100M SEC Deal Over 'Cherry-Picking' Scheme

    Western Asset Management Co. LLC on Friday agreed to pay $100 million to settle allegations from the U.S. Securities and Exchange Commission that the investment management firm "failed to take reasonable steps to detect and prevent" its former executive's purported cherry-picking practices.

  • June 05, 2026

    Justices Signal Openness To Future SEC Disgorgement Cases

    The U.S. Securities and Exchange Commission's victory before the U.S. Supreme Court Thursday is likely to give the agency a leg up in settlement negotiations, but attorneys say that some defendants will continue to press judges to review the agency's disgorgement requests based on questions that the high court still hasn't answered.

  • June 05, 2026

    Healthcare Analyst Charged In 'Wall-Crossing' Insider Case

    A healthcare-sector securities analyst took in $350,000 by trading on insider information he received after being cleared to access company secrets in a process called "wall-crossing," federal prosecutors in Manhattan charged Friday.

  • June 05, 2026

    Klarna Says 'Buy Now, Pay Later' Users Agreed To Arbitration

    Klarna is fighting to send to arbitration a proposed class action that alleges its "buy now, pay later" service targets financially vulnerable people without screening out unaffordable lending, saying the lead plaintiffs have agreed multiple times to arbitrate disputes over Klarna's products and services.

  • June 05, 2026

    Developers Say Bank Shared Financials On Debt Buyer Site

    A pair of well-known Boston real estate developers claimed in a lawsuit Friday that Eastern Bank and debt marketplace DebtX publicly disclosed personal financial statements they had submitted in support of a commercial real estate loan.

  • June 05, 2026

    FINRA's 'Absolute Immunity' Claim Fails, Broker-Dealers Say

    The Financial Industry Regulatory Authority isn't immune to claims it improperly interfered with Nasdaq membership applications as it pushed two broker-dealers to settle anti-money-laundering compliance claims, the broker-dealers have argued.

  • June 05, 2026

    Leon Black Seeks $1.6M In Fees After Wigdor Sanction

    Scandal-plagued financier Leon Black wants Wigdor LLP to pay $1.6 million as a sanction for lying to a New York federal judge while representing a woman who claims she was raped by Black at notorious accused sex trafficker Jeffrey Epstein's home.

  • June 05, 2026

    Credit Check Co. Will Pay $17.5M To Settle Data Breach Suits

    A Michigan federal judge has granted preliminary approval to a $17.5 million settlement for consumers who sued a loan credit check company following a data breach that potentially exposed the personal and financial information of some 5.8 million people.

  • June 05, 2026

    King & Spalding Continues Funds Growth With Proskauer Duo

    King & Spalding LLP announced Thursday that it has hired two former Proskauer Rose LLP attorneys, one of whom co-led their prior firm's global finance and corporate and fund finance teams.

  • June 05, 2026

    Citizens Says $470K In Sanctions Overdue In Contempt Bid

    Citizens Financial told a Pennsylvania federal court Friday a contractor that unsuccessfully sued the bank over a worker's undetected theft is late paying nearly $470,000 in sanctions, arguing the former plaintiff has to pay up even as its appeal is pending.

  • June 05, 2026

    Taxation With Representation: Simpson Thacher, Fried Frank

    In this week's Taxation With Representation, Berkshire Hathaway Inc. takes Taylor Morrison Home Corp. private, global real estate investment company Kennedy Wilson forms a residential joint venture with Netherlands pension services provider APG, and Wellington Management acquires Hartford Funds from insurer The Hartford.

  • June 05, 2026

    Crypto Parent Calls Genesis Suit Improper Forum Shopping

    Digital Currency Group Inc. has asked a federal court to pull a Delaware Court of Chancery lawsuit brought by bankrupt crypto lender Genesis Global into the New York bankruptcy proceedings that have overseen the companies' dispute for more than two years, arguing that the case overlaps with claims already being litigated there.

  • June 05, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen the U.K.'s oldest Indian restaurant launch an appeal against King Charles III's property company in an effort to stop its eviction, trustees of a bankrupt former EY tax partner file a claim against his wife, and 37 leading insurers bring a lawsuit against agrichemical company Syngenta over an insurance dispute. Here, Law360 looks at these and other new claims in the U.K.

  • June 05, 2026

    FinCEN, CFPB Flag Immigration-Linked Risks In Banking Push

    Federal regulators on Friday pressed banks to apply greater immigration-related customer scrutiny, issuing guidance that urges closer monitoring to flag employment of unauthorized workers and cautions immigration status may need to factor into some lending decisions.

Expert Analysis

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 4 Ways To Help CBP Curb Shell Co. Import Schemes

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    Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.

  • Get Smart: Navigating The Genius Act's Regulatory Gaps

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    While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.

  • How Cos. Should Prepare For NY RAISE Act Compliance

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    With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.

  • Compliance Takeaways Amid Increased Auto Finance Scrutiny

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    Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • 5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp

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    The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal

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    In Illinois Bankers Association v. Raoul, an Illinois federal court upheld the state's ban on credit and debit card swipe fees on tax and tip payments, while permanently enjoining the statute's data usage limitation, but an imminent appeal could significantly influence the trajectory of state-level payments regulation, say attorneys at Latham.

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