Banking

  • June 02, 2026

    Entrata Sued Over Auto-Enroll Credit Reporting 'Junk Fees'

    A proposed class of tenants argued in a Colorado federal lawsuit that software company Entrata paid kickbacks to property management companies that enticed residents to pay monthly fees for a credit monitoring service called RentPlus.

  • June 02, 2026

    NY, EU Banking Agencies To Share Stablecoin Oversight Info

    New York's Department of Financial Services and the European Banking Authority said Tuesday that they plan to share information about their respective supervision, monitoring and investigations of stablecoin issuers and markets under a new memorandum of understanding.

  • June 02, 2026

    Ga. Law Firm Says Wells Fargo Has Info On $1.3M Wire Fraud

    A Georgia-based personal injury law firm said it was defrauded into wiring more than $1.3 million to a Wells Fargo Bank NA account and has asked a Texas state court to require the bank to divulge details about the transfer as the firm investigates possible civil claims.

  • June 02, 2026

    Feds Must Show PrivatBank Nationalization Docs, Judge Says

    The U.S. Department of State should start releasing records about the federal government's role in the 2016 nationalization of Ukraine's largest bank, a Florida federal magistrate judge has said, recommending that the court rule in favor of two associates of the bank's former owners.

  • June 02, 2026

    Feds Scrub 'Reputation Risk' From Raft Of Banking Guidance

    Federal banking regulators said Tuesday that they are reissuing a slew of longstanding guidance documents to take out mentions of so-called reputation risk, the latest move in the Trump administration's push to eliminate bank examiners' use of the concept.

  • June 02, 2026

    Ex-NJ Mayor Gets 1 Year For Mortgage Fraud

    A former New Jersey mayor and local lawmaker will spend one year and a day in prison after being convicted by a jury in federal court for a mortgage fraud scheme that involved a property short sale, the U.S. Department of Justice has announced.

  • June 02, 2026

    Lenders Charged With $15M Fraud To Tell Jury Biz Was Legit

    Two Florida men accused of using "hard-money" commercial real estate finance companies to steal $15 million in customer fees told a Manhattan federal judge Tuesday they will challenge the charges at trial, including by arguing they made legitimate loans.

  • June 02, 2026

    Bradley Arant Brings On 5 Watkins & Eager Partners In Miss.

    Bradley Arant Boult Cummings LLP has expanded its real estate, finance and private wealth groups in Mississippi by hiring five former Watkins & Eager PLLC partners for its Jackson office.

  • June 01, 2026

    7th Circ. Sentence Approval Went Too Far, Fraudster Says

    A financial controller serving six years for a $7 million bank fraud scheme is again urging the Seventh Circuit to review the trial court's sentencing range decisions, arguing a panel improperly sifted through the record to affirm an enhancement for the scheme's sophistication.

  • June 01, 2026

    GAO Flags Risks After Corporate Transparency Act Rollback

    The Treasury Department's retreat from the Corporate Transparency Act and its requirements for shell companies to disclose their beneficial owners may perpetuate illicit finance risks, according to a report from the U.S. Government Accountability Office, which recommended the Treasury take steps to address such risks.

  • June 01, 2026

    UK Fintech OpenPayd To Go Public Via $1.15B SPAC Deal

    Allen Overy Shearman Sterling and Winston & Strawn LLP are steering a deal under which financial infrastructure platform OpenPayd will be acquired and taken public at an estimated equity value of $1.15 billion by Titan Acquisition Corp., a special purpose acquisition company purportedly focused on high-growth fintechs, the parties announced Monday.

  • June 01, 2026

    Ill. Swipe-Fee Law Blocked For Most Banks, Slated For Delay

    A Chicago federal judge ruled Monday that Illinois cannot enforce its landmark ban on tax-and-tip swipe fees against most banks, handing the banking industry a major legal win the same day that state lawmakers voted separately to delay the ban altogether until next year.

  • June 01, 2026

    JPMorgan Defeats Suit Over Transaction Processing Patent

    JPMorgan Chase & Co. was able to dodge a suit accusing it of infringing a patent covering a way to process a financial transaction, after a Delaware federal judge agreed that the patent didn't pass the U.S. Supreme Court's Alice test.

  • June 01, 2026

    2nd Circ. Backs Yacht Forfeiture Absent Proof Of Ownership

    A Second Circuit panel on Monday affirmed a district court decision that authorized the United States to sell a seized superyacht, finding the businessman contesting its sale could not prove he was the yacht's true owner.

  • June 01, 2026

    Cold Storage Co. Says Investors Can't Claim Misleading IPO

    Investors in temperature-controlled warehouse giant Lineage Inc. can't show they were misled about the company's prospects ahead of its $4.4 billion initial public offering in 2024, the company has argued in Michigan federal court, arguing it plainly disclosed at the time that it was debuting amid a "soft" market for cold storage.

  • June 01, 2026

    Judge Tosses USPTO 2-Factor Authorization Patent Suit

    A Court of Federal Claims judge has dismissed a lawsuit against the U.S. Patent and Trademark Office that claimed its website infringed patents covering two-factor authorization, agreeing with the office that the litigation mimicked a suit that was thrown out in 2016.

  • May 29, 2026

    Barclays Enabled Concierge Sex-Trafficking Ring, Suit Says

    A California woman has filed a proposed class action against Barclays and its former CEO James "Jes" Staley, claiming that the bank and Staley facilitated and enabled a criminal enterprise tied to a luxury concierge company that trafficked, abused and exploited vulnerable young people.

  • May 29, 2026

    Defamation Litigation Roundup: 'The Rip,' Lively, Justin Sun

    In this month's review of defamation fights, Law360 details a suit by a pair of Miami-Dade police officers over a movie starring Matt Damon and Ben Affleck that they said makes them seem like sleazy cops, as well as a case by a Trump family-backed cryptocurrency firm against Justin Sun.

  • May 29, 2026

    Chime Can't Dodge Class Action Over 'Refer-A-Friend' Texts

    A Washington federal judge on Friday declined to throw out a proposed class action accusing online banking company Chime Financial Inc. of violating state law through its refer-a-friend text messages, ruling that the marketing texts don't fall under an exception to Washington's Commercial Electronic Mail Act.

  • May 29, 2026

    CFTC Eyes US Perpetual Derivatives With Kalshi Approval

    The U.S. Commodity Futures Trading Commission on Friday took a leap forward in bringing so-called crypto perpetual derivatives to U.S. traders with a first-of-its-kind approval of Kalshi's bitcoin perpetual futures contract and no-action relief that allows Coinbase to connect U.S. customers with global offerings.

  • May 29, 2026

    FDIC Reaffirms Ex-Bank CEO's Penalty After High Court Trip

    The Federal Deposit Insurance Corp. has again ordered an industry ban and $125,000 fine for a former Michigan bank CEO following a U.S. Supreme Court remand, finding his handling of a troubled borrower relationship still justified sanctioning him under a stricter legal standard.

  • May 29, 2026

    Philly Court To Fast-Track Credit Card Debt Cases

    In response to a rising number of consumer debt cases in recent years, the Philadelphia Court of Common Pleas is introducing a plan to fast-track credit card collection suits in the city's mandatory arbitration program. The plaintiffs will shoulder the main component of the retooled caseload management strategy, which the supervising jurist coordinating the initiative said is inspired by the success of Philadelphia's mortgage foreclosure case program and models a similar system used by Lancaster County's court system.

  • May 29, 2026

    SEC Unveils Plan To End Biden-Era Climate Disclosure Regs

    The U.S. Securities and Exchange Commission on Friday put forth a proposal that would overturn a Biden-era regulation requiring publicly traded companies to disclose their greenhouse gas emissions, saying the rule fell outside the agency's "core mandate."

  • May 28, 2026

    Financial Adviser Gets 2 Years For $3.7M Investment Fraud

    A Pennsylvania financial adviser was sentenced to more than two years in prison in federal court Thursday after copping to wire fraud stemming from a scheme where he transferred over $3.7 million from the bank account of a fund he managed to another client's account, to recoup investment losses.

  • May 28, 2026

    CFPB's Return-To-Office Plan Could Spur More Exits

    The Consumer Financial Protection Bureau is moving forward with a return-to-office plan that will involve shifting to new headquarters, ending most telework and requiring field employees to relocate to the Washington, D.C., area starting this summer, Law360 has learned.

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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