Banking

  • August 21, 2026

    New SBA Rule May Send Applicants Back To Square One

    The U.S. Small Business Administration's new rule redefining eligibility for the agency's contracting program for disadvantaged small businesses is prompting those with pending applications to consider scrapping them and starting over, and future applicants now face a new and largely untested evidentiary standard.

  • August 21, 2026

    BSTR Ends $1.5B SPAC Deal Amid Bitcoin Market Woes

    Bitcoin treasury company BSTR Holdings has terminated a merger with special purpose acquisition company Cantor Equity Partners I Inc. that would have provided BSTR with up to $1.5 billion in financing in a go-public deal.

  • August 21, 2026

    DC Circ. Voids Block On OMB Funding Freeze

    The D.C. Circuit on Friday vacated a district judge's block on the Trump administration's pause on a wide array of federal grants, loans and financial assistance, ruling that the Office of Management and Budget's rescission of the memorandum rendered the lawsuit moot.

  • August 21, 2026

    Rocket Mortgage Points Judge Toward Zillow's Win In Wash.

    Rocket Mortgage urged a Michigan federal judge to consider a Washington federal court's recent dismissal of a proposed antitrust class action against Zillow, arguing that the Washington judge's decision supports Rocket's motion to dismiss a suit making similar claims.

  • August 21, 2026

    Fla. Attorney Fined, Referred To Bar For Unapologetic AI Use

    A Florida attorney is the latest to be sanctioned for his use of artificial intelligence, after a Florida state appeals court found Friday that his filings contained at least 46 hallucinations.

  • August 21, 2026

    Rising Star: Mayer Brown's Glenn Kunkes

    Mayer Brown LLP's Glenn Kunkes represented Barclays, Morgan Stanley and Citi in establishing Affirm's first-ever master trust and served as lead counsel to Bank of America in a $10 billion financing for KKR and Carlyle, earning him a spot among the banking practitioners under age 40 honored by Law360 as Rising Stars.

  • August 21, 2026

    PNC Bank Beats Trip-And-Fall Claim Over Bank Curb

    PNC Bank NA has defeated a Michigan woman's lawsuit over injuries she suffered after tripping outside a Trenton, Michigan, branch, with a federal judge finding the curblike lip she blamed for her fall was open and obvious and did not pose an unreasonable risk of harm.

  • August 21, 2026

    4th Circ. Leaves Bulk Of $22M Wells Fargo ADA Verdict Intact

    The Fourth Circuit ruled Friday that a $22 million jury verdict in favor of a former Wells Fargo employee who said he was terminated for seeking remote work was almost $2.9 million too high, telling the ex-worker to choose between a reduced award or a new trial.

  • August 21, 2026

    Taxation With Representation: Fenwick, Hengeler Mueller

    In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platform OpenRouter and Madison Air Solutions Corp. acquires German airflow technology maker ebm-papst.

  • August 21, 2026

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

    The past week in London has seen former Liberal Democrat MP Mark Oaten sue a fur auction house, private equity and pensions magnate Edmund Truell hit by a commercial fraud claim and Charles Russell Speechlys file a contract claim against two of its previous clients in the Middle East.

  • August 20, 2026

    CFPB Rips 'Baseless' CashCall Bid To Ax $157M Judgment

    The Consumer Financial Protection Bureau has urged a California federal court to reject lender CashCall Inc.'s bid to wipe out its more than $157 million enforcement judgment, slamming its claims of a settlement bait-and-switch by the agency as "baseless."

  • August 20, 2026

    OCC Greenlights Brazil Banking Giant's Bid To Form US Bank

    The Office of the Comptroller of the Currency on Thursday preliminarily approved a charter application from Brazil-based Itaú Unibanco SA, guided by Arnold & Porter, to establish a national bank in the United States.

  • August 20, 2026

    SBA Proposes Broad Changes To Small-Biz Size Standards

    The U.S. Small Business Administration has moved to overhaul how the agency defines small businesses by proposing new standards that would simplify industry classifications and dramatically increase size thresholds, which would lead to about 114,000 more businesses being classified as small.

  • August 20, 2026

    Deutsche Bank Freed From Fed's 2017 Forex-Rigging Order

    The Federal Reserve has terminated a 2017 enforcement action that required Deutsche Bank to pay nearly $137 million over its alleged role in Wall Street's foreign exchange rate-rigging scandals.

  • August 20, 2026

    Binance Can't Arbitrate Crypto-Laundering Claims After All

    A Florida federal judge on Thursday vacated a ruling that compelled arbitration for proposed class claims alleging that Binance laundered stolen cryptocurrency, after a decision came down from the Eleventh Circuit finding that the individuals who filed their actions didn't have contractual relationships with the exchange.

  • August 20, 2026

    Mich. Panel Rejects $2.5M Malpractice Suit Over Bank Debt

    An attorney failed to show a law firm and two lawyers derailed his efforts to settle a PNC Bank debt and caused him to ultimately pay more than $2.5 million, a Michigan appellate court has ruled, upholding the dismissal of his malpractice suit. 

  • August 20, 2026

    Rising Star: Orrick's Nicholas Poli

    Nicholas Poli of Orrick Herrington & Sutcliffe LLP has successfully represented UBS, financial institutions and other lenders in significant litigation, co-leading a bench trial where a judge ultimately turned nine-figure claims against his clients into a nine-figure victory, earning him a spot among the banking law practitioners under age 40 honored by Law360 as Rising Stars.

  • August 20, 2026

    AmEx Waived Arbitration By Refusing Fees, 1st Circ. Says

    American Express forfeited its right to insist on arbitration in a proposed class action by merchants challenging the company's swipe-fee rules when it failed to pay its share of the arbitrator's fees, estimated to be $17 million, the First Circuit has ruled.

  • August 19, 2026

    2nd Circ. Revives Signature Bank Investor Suit Against Execs

    The Second Circuit on Wednesday revived a shareholder lawsuit over alleged misstatements about Signature Bank's health ahead of its 2023 collapse, finding that a New York federal court was wrong to toss the case because securities fraud claims against the defunct bank do not transfer to the Federal Deposit Insurance Corp. as the banks' receiver.

  • August 19, 2026

    CFPB Pursues Early Win In Hagens Berman Lender Docs Suit

    The Consumer Financial Protection Bureau is seeking to beat Hagens Berman Sobol Shapiro LLP's suit accusing the agency of illegally withholding information about any investigations into mortgage lender Veterans United, arguing that acknowledging any such probe could thwart the bureau's law enforcement efforts.

  • August 19, 2026

    9th Circ. Sides With PennyMac In Fixed LIBOR Fallback

    The Ninth Circuit on Wednesday rejected a shareholder's claim that PennyMac Mortgage Investment Trust was required to replace discontinued LIBOR with a newer floating rate when calculating preferred-share dividends, holding that the federal LIBOR Act allowed for a contractual fixed fallback rate.

  • August 19, 2026

    Baltimore Can't Send Payday Lender Suit Back To State Court

    A Maryland federal judge refused to remand a suit brought by the city of Baltimore against Los Angeles-based lender Dave Inc. to state court, ruling that the city failed to explain how federal courts' interpretation and application of the city's consumer protection ordinance would disrupt the state's efforts to establish a policy regulating consumer loans.

  • August 19, 2026

    7th Circ. Backs Developer's Conviction In Bank Fraud Case

    The Seventh Circuit affirmed Tuesday a real estate developer's conviction for his role in a multimillion-dollar embezzlement scheme at a now-shuttered Chicago bank, saying while the line "separating an improper lending relationship from criminality was not obvious in this case," the government presented enough evidence for jurors to conclude he knowingly participated in the fraud.

  • August 19, 2026

    Outcome Health Execs Owe $270M And Counting For Fraud

    Former Outcome Health executives who were convicted of a $1 billion fraud against investors, lenders and customers must repay $270.8 million to certain victims, though that amount will climb higher with additional calculation, an Illinois federal judge said Wednesday.

  • August 19, 2026

    OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says

    The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.

Expert Analysis

  • Navigating OFAC's 50% Rule For Cross-Border Exec Mobility

    Author Photo

    A recent Office of Foreign Assets Control guide signals that its 50% ownership rule can determine not only sanctions compliance but also whether a company can sponsor multinational executives for immigration, highlighting an often overlooked interaction between sanctions and immigration law, says Xuan Zhang at Reid & Wise.

  • Trade Secret Practice Tips From The 1st Half Of 2026

    Author Photo

    Intellectual property attorneys should consider what several significant developments in 2026 thus far mean for how they protect, litigate and value trade secrets, focusing on new state noncompete bans, cases scrutinizing how plaintiffs identify trade secrets and federal rulings on damages doctrines, say attorneys at Faegre Drinker.

  • Yellow Corp. WARN Act Appeal Refines Layoff Guidance

    Author Photo

    A Delaware federal court's recent upholding of a bankruptcy court's disallowance of unions' federal Worker Adjustment and Retraining Notification Act claims against Yellow underscores that fact-specific notices and thoughtful timing are essential for distressed companies implementing layoffs, say attorneys at King & Spalding.

  • High Court Rulings Could Alter Agency Strategy For Cos.

    Author Photo

    The U.S. Supreme Court's recent decisions in Trump v. Slaughter and Trump v. Cook mark major turning points in the law of independent agencies and in how regulated companies should think about federal enforcement, rulemaking and agency-facing strategy, say attorneys at Holtzman Vogel.

  • How CME Suit May Reshape CFTC's Crypto Derivatives Rules

    Author Photo

    CME Group's recent lawsuit over the U.S. Commodity Futures Trading Commission's approval of a Kalshi application to offer a bitcoin perpetual contract as a futures product could have cascading consequences for crypto derivatives regulation, highlighting why policy ambitions do not override statutory text or substitute for reasoned decision-making, says attorney Tamara de Silva.

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

    Author Photo

    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

    Author Photo

    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

    Author Photo

    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

    Author Photo

    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • Tips For Investors, Creditors Before Venezuela Restructuring

    Author Photo

    As Venezuela enters the first genuinely actionable phase of what may become one of the largest sovereign debt restructurings in modern financial history, creditors should strategically evaluate their claim types and investors should consider engaging before formal negotiations commence, says Rodrigo Carvalho at Winston Taylor.

  • How To Brace For A Potential Democratic Oversight Push

    Author Photo

    With the possibility of a shift in congressional control after the November midterm elections, companies and their general counsel should prepare now by mapping oversight exposure, reviewing government interactions, preserving records and developing coordinated communications strategies, say attorneys at Hogan Lovells.

  • Fed Autonomy Rests On Narrow Exception After Justices Rule

    Author Photo

    The U.S. Supreme Court’s recent decisions in Trump v. Cook and Trump v. Slaughter expand presidential removal power while temporarily preserving the Federal Reserve’s independence, but there is uncertainty about which of the Fed’s authorities fall within the court’s narrow monetary-policy exception, says Keith Bradley at Squire Patton.

  • Assessing New Risks After The End Of The SEC's Gag Rule

    Author Photo

    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • AI-Fueled Pro Se Suits Pose Rising Risk For Lenders

    Author Photo

    Harris v. Pinnacle Bank, a recently decided Mississippi federal court case, illustrates how pro se borrowers are using artificial intelligence to file more sophisticated documents that can complicate and prolong loan enforcement proceedings, making early procedural challenges and tighter litigation strategies increasingly important for lenders, says Joseph Briggett at Baker Donelson.

  • Series

    Being A Magician Makes Me A Better Lawyer

    Author Photo

    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.