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Banking
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January 13, 2026
Mass. Court Clears Title Insurer In Lender's Foreclosure Loss
A title insurance company's successful effort to dissolve a previously missed $1.6 million attachment on a piece of property was all that was required to absolve it of liability to a second mortgage lender after the primary lender foreclosed, a panel of Massachusetts' intermediate-level appeals court concluded Tuesday.
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January 12, 2026
4 Ways DOJ Probe Into Powell Could Be Risky For Trump
The criminal probe that President Donald Trump's U.S. Department of Justice has opened into Federal Reserve Chair Jerome Powell dramatically escalates administration pressure on the central bank, but it is not without significant potential risks for the White House.
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January 12, 2026
Capital One's Revised $425M Rate Deal Gets Judge's Initial OK
A Virginia federal judge Monday preliminarily approved a revised settlement with Capital One over claims the bank deceptively advertised its 360 Savings accounts, with the new deal more than doubling the value of an earlier proposed deal the judge had refused to approve.
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January 12, 2026
5th Circ. Won't Revive TMX's Texas Challenge To $52M Pa. Fine
An affiliate of consumer lender TMX Finance can't use Texas federal courts to challenge the enforcement of Pennsylvania's consumer lending interest rate cap by the Keystone State's financial regulator, the Fifth Circuit has determined.
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January 12, 2026
CFPB, DOJ Revoke Lender Guidance On Anti-Immigrant Bias
The Trump administration is withdrawing Biden-era guidance from the Consumer Financial Protection Bureau and U.S. Department of Justice that cautioned lenders about refusing to provide credit to immigrant borrowers, saying it believes the withdrawal clarifies that lenders may legally consider immigration status under several circumstances.
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January 12, 2026
Crypto Custody Startup Bitgo Launches Plans For $189M IPO
BitGo is looking to raise roughly $189 million in an upcoming public offering steered by Fenwick & West LLP, the cryptocurrency custodian said Monday.
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January 12, 2026
Senate Ag Panel Punts Crypto Markup As Banking Pushes On
Senate Agriculture Committee Chairman John Boozman, R-Ark., said Monday that he's delaying a markup on a forthcoming crypto market structure proposal to the end of the month to accommodate further bipartisan negotiations, while the Senate Banking Committee said it still intends to hold its own markup.
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January 12, 2026
PayPal Looks To Nix Merchant Rules Case For 3rd Time
PayPal is seeking to escape the latest version of a proposed class action accusing it of illegally boosting online retail prices with restrictive merchant agreements, saying the consumers do not address deficiencies identified by the court in two previous dismissals.
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January 12, 2026
KeyBank, DACA Recipient Settle Immigration Bias Class Action
A Deferred Action for Childhood Arrivals recipient and KeyBank have reached a settlement in Colorado federal court over his proposed class action alleging that one of the bank's units denied him student loan refinancing services due to his immigration status.
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January 12, 2026
Ex-Goldman Exec Faces July FCPA Trial Over Ghana Deal
A Brooklyn federal judge Monday teed up a midsummer trial for a former Goldman Sachs banker accused of violating the Foreign Corrupt Practices Act by bribing Ghanaian officials to secure a power plant deal.
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January 12, 2026
DC Circ. Told $100K H-1B Fee Threatens Congress' Tax Power
The U.S. Chamber of Commerce urged the D.C. Circuit to bar the Trump administration from charging employers its new $100,000 H-1B visa fee, arguing it presents a "grave threat" to Congress' exclusive power to levy taxes.
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January 12, 2026
Catching Up With Delaware's Chancery Court
The Delaware Chancery Court closed out the week with developments ranging from leadership changes in a $13 billion take-private case and posttrial sparring over a major earnout to fresh governance fights, revived fraud claims and sanctions tied to advancement rights.
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January 12, 2026
High Court Won't Hear Citigroup Appeal Of Fraud Suit
The U.S. Supreme Court on Monday declined to take up Citigroup's appeal of the revival of a nearly decade-long suit alleging the bank ran a massive cash advance fraud scheme.
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January 12, 2026
Justices To Pass Up SunTrust's Arbitration Opt-Out Question
The U.S. Supreme Court on Monday declined to hear a petition from SunTrust Bank over whether a Georgia court ruling allowing a proposed class representative to opt out of arbitration on behalf of all proposed class members is preempted by the Federal Arbitration Act.
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January 12, 2026
Paul Hastings Taps DOJ Alum From Cravath As Litigation Head
Paul Hastings LLP announced Monday that it is continuing to expand its litigation department with the hire of a former high-ranking U.S. Department of Justice official who most recently chaired Cravath Swaine & Moore LLP's investigations and regulatory enforcement practice, calling him "one of the nation's top litigators."
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January 09, 2026
Fed. Circ. Doubts Trade Secret Was Properly Spelled Out
The Federal Circuit spent part of its Friday morning mulling whether it is the court's job to, in the words of the judge who killed the trade secrets claims brought by a MasterCard unit against two McKinsey consultants, "do APT's job for it by mining its trade secrets from the raw materials."
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January 09, 2026
OCC Floats Rule To Clarify Trust Companies' Broader Scope
The Office of the Comptroller of the Currency is proposing to amend its chartering regulations to make clear that national trust companies can engage in nonfiduciary activities, potentially resolving an area of contention that banking industry advocates have raised as crypto-focused firms applied for trust charters.
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January 09, 2026
FINRA Fines Wells Fargo Unit $1.25M For Close-Out Failures
Wells Fargo has agreed to pay $1.25 million to resolve the Financial Industry Regulatory Authority's claims that during a seven-year period, the bank's clearing and custody services unit left certain transactions in municipal securities unresolved for longer than it was supposed to.
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January 09, 2026
CFPB's Vought Backs Down, Seeks Fresh Fed Funding
The Consumer Financial Protection Bureau said Friday that its acting Director Russell Vought has moved to replenish its funding from the Federal Reserve, yielding after a weekslong standoff that left the consumer agency facing potential closure with dwindling cash.
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January 09, 2026
Fintech-Focused Lafayette Digital SPAC Prices $250M Offering
Special purpose acquisition company Lafayette Digital Acquisition I began trading publicly Friday after raising $250 million in its initial public offering, with plans to target the financial services and technology industries.
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January 09, 2026
First Brands Sues Ex-CEO's Brother, Lender For $2.9B Fraud
First Brands sued former board member Edward James and Utah-based company Onset Financial Inc. in Texas bankruptcy court Friday, alleging he operated as Onset's "secret partner" to rig contracts between First Brands and Onset that let them reap triple-digit returns and $2.9 billion in cash.
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January 09, 2026
4 Argument Sessions That Benefits Attys Should Watch In Jan.
The U.S. Supreme Court will zero in on the methodology for assessing liability for pulling out of a multi-employer pension fund, and the circuit courts will hear bids to revive suits over alleged 401(k) mismanagement and deferred compensation. Here, Law360 looks at a quartet of oral arguments coming up in January.
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January 09, 2026
Couple Fights To Send Annuity Fraud Case To State Court
A retired U.S. Navy veteran and his wife, who are accusing Ameritas Mutual Holding Co. and Ameritas Life Insurance Company Inc. of orchestrating a fraudulent investment scheme based on the sale of unsuitable equity-indexed annuities, urged a North Carolina federal court to send the case back to state court.
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January 09, 2026
Husch Blackwell Adds Eversheds Securities Enforcement Atty
Husch Blackwell LLP has hired a former Eversheds Sutherland counsel in Washington, D.C., who before her most recent role worked as a lawyer with a Financial Industry Regulatory Authority group focused on examining agency members for securities law compliance.
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January 09, 2026
NC Biz Court Bulletin: Trade Secrets Row, A Patient Data Deal
The North Carolina Business Court closed out the year by tossing a trade secrets fight brought by a corrugated packing manufacturer against its onetime star salesman and signing off on a $2.45 million settlement ending claims a healthcare system sold patients' data to Meta.
Expert Analysis
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US Sanctions Targeting Russia's Oil Giants Heighten Biz Risks
Businesses operating in the energy sector, both in and outside the U.S., should review their operations for any links to Russian oil companies and their subsidiaries recently targeted by U.S. sanctions, to avoid unexpected reputational and financial risk, and even secondary sanctions, say authors at Blank Rome.
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Expect A New Normal In Commercial Real Estate This Year
Even amid office vacancies and a wave of loan maturities, the commercial real estate market isn't as volatile as one might expect heading into 2026, but market stress is still uniquely intersecting with broader business challenges, creating new opportunities for corporate counsel and other practitioners beyond real estate, says Mark Bell at Stinson.
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2nd Circ. Ruling Shows Procedural Perils Of Civil Forfeiture
The Second Circuit’s recent U.S. v. Ross decision, partially denying the return of an attorney's seized funds based on rigid standing requirements, underscores the unforgiving technical complexities of civil asset forfeiture law, and provides several lessons for practitioners, says Elisha Kobre at Sheppard Mullin.
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Preparing For Congressional Investigations In A Midterm Year
2026 will be a consequential year for congressional oversight as the upcoming midterm elections may yield bolder investigations and more aggressive state attorneys general coalitions, so companies should consider adopting risk management measures to get ahead of potential changes, say attorneys at Morgan Lewis.
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How Bank M&A Prospects Brightened In 2025
Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.
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3 Securities Litigation Trends To Watch In 2026
Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.
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Funding Haze And Deregulatory Pursuits: The CFPB In 2026
In 2025, the Consumer Financial Protection Bureau did not seek additional funding from the Federal Reserve and unwound the legacy of former bureau leadership, and this year will bring further efforts to rescind or rewrite bureau regulations, as well as a changed tone to supervision efforts, say attorneys at Covington.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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Navigating AI In The Legal Industry
As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.
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Regulatory Rollback And Lingering Limbo: The CFPB In 2025
The Consumer Financial Protection Bureau has implemented significant changes since President Donald Trump took office in January, including dismissing actions with prejudice, withdrawing guidance and rescinding rules, casting the bureau in uncertain light heading into 2026, say attorneys at Mayer Brown.
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2025 Calif. Banking Oversight Centered On Consumer Issues
The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.
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The Major Securities Litigation Rulings And Trends Of 2025
The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.
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The CFTC's Road Ahead Under Newly Confirmed Chair
Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.
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5 Lender Strategies When A Commercial Borrower Defaults
With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.