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Featured
Former Consumer Financial Protection Bureau Director Rohit Chopra's next act in government is poised to unfold on a new stage in California, but financial firms will likely recognize the script. Watch this space, attorneys tell Law360.
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June 30, 2026
Financial services-focused private investment firm Flexpoint Ford, led by Kirkland & Ellis LLP, on Tuesday announced that it has raised over $460 million in a new single-asset continuation vehicle to extend its ownership of managing general underwriter SageSure LLC.
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June 29, 2026
The U.S. Supreme Court has thrown its weight behind Federal Reserve independence by rejecting President Donald Trump's bid to immediately oust Fed Gov. Lisa Cook, but experts say the fight over central bank control may not be finished — just moving to a new phase.
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June 29, 2026
Silicon Valley Bank's former chief financial officer testified Monday during the first day of a California federal bench trial over the Federal Deposit Insurance Corp.'s claims that the bank's brass mismanaged its assets, acknowledging under examination SVB took on sustained "excessive risks" under the bank's own definition months before it collapsed.
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June 29, 2026
A New York federal judge Monday threw out a Texas man's suit accusing Citibank NA of ignoring red flags that allowed scammers to siphon nearly $4 million from his family trusts after he fell for a social media romance scam involving nonfungible tokens.
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June 29, 2026
The policies and enforcement priorities of federal agencies may fluctuate more rapidly based on who is president, as a result of the U.S. Supreme Court's Monday decision finding that presidents have unlimited authority to fire members of independent agencies, experts told Law360.
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June 29, 2026
A California federal judge Monday again dismissed a securities fraud suit accusing Visa Inc. of concealing anticompetitive debt practices that are the subject of a lawsuit filed by the U.S. Department of Justice, saying the plaintiffs still haven't shown that Visa's alleged omissions caused investor losses.
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June 29, 2026
Bank of America subsidiary Merrill Lynch will pay $7.5 million to settle claims from the U.S. Securities and Exchange Commission that it violated securities laws by failing to further investigate certain transactions processed by its suspicious activity detection system.
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June 29, 2026
Federal Trade Commission members, responsible for merger review, antitrust enforcement, consumer protection safeguards and rulemaking, and industry analysis, no longer serve at a remove from presidential authority, thanks to Monday's U.S. Supreme Court ruling that could dramatically remake the FTC and other independent agencies.
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June 29, 2026
A McCarter & English LLP attorney botched two multimillion-dollar loan deals by failing to secure an ironclad repayment obligation from a New York town or include mandatory documents in the closing packages, a Connecticut state court heard Monday as a long-awaited malpractice trial got underway.
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June 29, 2026
The family of a missionary who was kidnapped and murdered by North Korean agents is seeking to collect over $232 million from blockchain company Circle after the stablecoin issuer allegedly failed to freeze funds linked to North Korean hackers amid the April Fools' Day exploit of crypto project Drift Protocol.
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June 29, 2026
A Pennsylvania federal judge has granted two Bank of New York Mellon investors' bid to appeal an order dismissing their claims that the bank breached investment management agreements by investing in underperforming mutual funds with which it was affiliated.
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June 29, 2026
A group of insurers doesn't owe coverage to Truist Bank for a $240 million settlement of a consumer class action stemming from its predecessor's overdraft charges, the carriers told a North Carolina federal court, saying the deal doesn't constitute "damages" as defined by the policies.
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June 29, 2026
China-based brokerage firm operator Futu Holdings Ltd. has been hit with a proposed shareholder class action in New York federal court accusing it of concealing risks associated with its noncompliance with Chinese securities laws, causing company shares to fall by nearly a third of their value when Futu disclosed regulatory shortcomings.
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June 29, 2026
The president has unlimited authority to fire members of independent agencies, the U.S. Supreme Court ruled Monday in a major win for President Donald Trump's campaign against officials at the Federal Trade Commission and beyond.
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June 29, 2026
The U.S. Supreme Court ruled Monday that Federal Reserve Gov. Lisa Cook cannot be immediately removed from her post, a setback for President Donald Trump as he seeks to further remake the central bank's leadership.
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June 29, 2026
The U.S. Supreme Court on Monday said it would not hear a constitutional challenge to a now-rescinded U.S. Securities and Exchange Commission policy that prohibited defendants from denying allegations against them when settling an enforcement action with the agency.
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June 26, 2026
Lender CashCall Inc. has accused the Consumer Financial Protection Bureau of unfairly walking away from negotiations to reduce its $157 million enforcement judgment in California federal court, detailing behind-the-scenes talks that include claims the agency's top lawyer was initially angry with the company for hiring appellate attorney Paul Clement for its defense.
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June 26, 2026
A venture capitalist dubbed the "Millennial VC" asked a California federal judge for a new trial on charges he misappropriated $19 million, saying his trial counsel failed him by not considering hiring a forensic accountant to rebut a key government expert regarding the money trails that supposedly enabled wanton misspending.
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June 26, 2026
The U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission on Friday issued a joint call for feedback on ways they can align their respective portfolio margining requirements to clear the path for leveraged trading involving both equities and derivatives markets.
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June 26, 2026
The federal judiciary announced Friday it will temporarily increase the fees for electronic access to court records to pay for a potential $800 million upgrade that will modernize and strengthen court records systems PACER and CM/ECF, an upgrade it previously said is needed to respond to escalating cyberattacks.
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June 26, 2026
LendingTree told a North Carolina federal court that insurance broker Marsh USA botched the handling of a copyright infringement claim brought by a stock photo provider, which has caused the company to lose out on "critical coverage" for a nearly $90 million lawsuit.
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June 26, 2026
A former executive for the bankrupt cryptocurrency firm Celsius Network has told a New York federal court that he is entitled to directors and officers liability coverage for his costs defending a criminal case in which he pled guilty to manipulating the price of the firm's crypto token.
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June 26, 2026
A California federal judge determined Friday a proposed class of Wells Fargo customers accusing the bank of underpaying interest on cash sweep accounts can't be certified as of now because better inquiries are required into the statute of limitations in each potential member's state of residence.
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June 26, 2026
Bankers are behind the Federal Communications Commission all the way when it comes to the agency's plan to impose "know your customer" rules on originating telecom providers and fining those that don't comply, myriad financial service trade groups have told the commission.
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June 26, 2026
As the U.S. Supreme Court enters the final days of its term, the justices still have several major decisions to issue, including some concerning birthright citizenship, the president's power to remove independent agency officials, transgender athletes and election rules.