Banking

  • September 08, 2026

    Binance Seeks Dismissal Of Terrorist Attack Victims' Suit

    Binance and its former CEO pushed a federal judge in Manhattan to dismiss a lawsuit claiming the cryptocurrency exchange aided and abetted 30 terrorist attacks, saying the plaintiffs still couldn't plausibly allege that the company provided knowing and substantial assistance to foreign terrorist organizations.

  • September 08, 2026

    Biz Groups Ask 8th Circ. To Nix Wells Fargo ERISA Suit

    The U.S. Chamber of Commerce and two benefit advocacy groups urged the Eighth Circuit to back the dismissal of a suit claiming Wells Fargo allowed a pharmacy benefit manager to overcharge workers for generic drugs, arguing that employers shouldn't be penalized for general gripes about healthcare costs.

  • September 08, 2026

    Humboldt To Pay FTC $12M Over 'Sham' Merchant Payment Biz

    Payment processing company Humboldt Merchant Services has agreed to pay $12 million and be permanently banned from processing payments for merchants with a higher risk of fraud to resolve Federal Trade Commission claims that it processed payments for more than 1,000 merchants that defrauded customers.

  • September 08, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week saw disputes involving a former NFL star and a $2.5 million solar venture, Morgan Stanley's role in Fox Corp.'s planned $22 billion acquisition of Roku Inc., and JPMorgan Chase & Co.'s effort to pause more than $20 million in legal-fee payments to former Frank executives.

  • September 08, 2026

    Fla. Firm Trenam Law Faces DQ Bid In Trade Secrets Case

    Trenam Law is facing a disqualification bid in Florida federal court from Climate First Bank and other defendants seeking to push the firm out of a trade secrets case because it previously represented the bank in loan transactions and related banking matters.

  • September 08, 2026

    Weil Welcomes Back Freshfields' Private Credit Co-Leader

    Weil announced Tuesday that the co-leader of Freshfields LLP's private credit and capital solutions practice has returned to Weil's banking and finance practice, where he worked as a partner from 2014 to 2023.

  • September 08, 2026

    Wachtell, Simpson Thacher Guide $3.9B EverBank, WaFd Deal

    EverBank Financial Corp. and WaFd Inc. have agreed to combine through a $3.9 billion reverse merger, in a deal steered by Wachtell Lipton Rosen & Katz and Simpson Thacher & Bartlett LLP. 

  • September 04, 2026

    NY Huawei Case Roars To Life With Historic Corp. RICO Trial

    The sprawling racketeering case against Huawei Technologies Co. Ltd. has faded from the spotlight in recent years, but the Chinese telecommunications giant has bucked convention by proceeding to a historic criminal trial over accusations of rampant intellectual property theft, sanctions violations and brazen lies to banks and U.S. officials about its business practices.

  • September 04, 2026

    SEC Fines Ex-Bancorp CFO Over Improper Annual Report

    The Bancorp Inc.'s former chief financial officer will pay $30,000 to settle allegations from the U.S. Securities and Exchange Commission that he filed an annual report with purported audit opinions on the firm's financial statements despite knowing the auditors hadn't provided their final approval for the statements.

  • September 04, 2026

    Nuvei To Pay $4.85M Over FTC Tech Support Scam Claims

    Payment processing firm Nuvei Corp. has agreed to pay $4.85 million to settle Federal Trade Commission claims that it helped facilitate tech support scams that bilked consumers out of millions of dollars, the FTC announced Friday in a settlement that its commissioners said articulated for the first time what it must prove to bring these kinds of cases.

  • September 04, 2026

    Receiver Needed For Apt. After $170M Default, Lender Says

    A commercial lender asked a Colorado state judge Thursday to issue an ex parte appointment of a receiver over a Denver property, saying the borrower defaulted on a $170 million commercial mortgage loan.

  • September 04, 2026

    Fintech Lender Escapes 'Bait-And-Switch' Suit In NC Court

    Fintech company Figure Lending LLC has escaped a consumer's proposed class action over the alleged false marketing of its loans, with a federal judge ruling the plaintiff did not show the North Carolina court has subject matter jurisdiction over the claims.

  • September 04, 2026

    Oschadbank Denies Forum Shopping In $1.1B Award Suit

    Ukrainian state-owned Oschadbank is urging a New York federal court not to toss its lawsuit aimed at enforcing a nearly 8-year-old, $1.1 billion arbitral award against Russia over the seizure of its Crimean assets via a French judgment, pushing back against the Kremlin's allegations of forum shopping.

  • September 04, 2026

    Fed Drops Crypto-Linked AML Action Against Texas Bank

    The Federal Reserve dropped enforcement actions Friday against United Texas Bank and Quontic Bank Acquisition Corp., the former of which had focused on alleged deficiencies in the bank's risk management and anti-money laundering procedures related to the bank's crypto customers.

  • September 04, 2026

    Chrisleys Fight Balch & Bingham's Bid To Ax Malpractice Suit

    Reality television stars Todd and Julie Chrisley asked a Georgia federal judge on Friday to reject an attempt by their former attorneys to dismiss a legal malpractice lawsuit that claims a critical pretrial mistake allowed evidence obtained through an unlawful search to be used against them at their criminal trial.

  • September 04, 2026

    Former Weil Private Funds Co-Head Joins Simpson Thacher

    The former co-head of U.S. private funds at Weil Gotshal & Manges LLP will be making the jump to Simpson Thacher & Bartlett LLP as a partner in the firm's investment funds practice.

  • September 04, 2026

    3rd Circ. Revives Malpractice Claim Against Kirkland Atty

    A New Jersey divorcee may once again pursue a legal malpractice claim against a Kirkland & Ellis LLP attorney who she said lost her millions by mishandling estate documents, after the Third Circuit found it could be possible to link her alleged damages to the lawyer's work.

  • September 03, 2026

    GAO Flags Bank Disclosure Review Gaps After 2023 Failures

    The U.S. Government Accountability Office urged Congress Thursday to consider closing a gap that allows certain publicly traded banks to not make the same type of investor disclosures as banks whose investor filings are reviewed by the U.S. Securities and Exchange Commission, pointing to the bank failures of 2023 as a reason why.

  • September 03, 2026

    SEC Moves To Scrap 'Pay-To-Play' Political Donation Rule

    The U.S. Securities and Exchange Commission on Thursday issued a proposal to rescind a rule regarding political contributions made by investment advisers, which agency Chair Paul Atkins called "overly prescriptive."

  • September 03, 2026

    OCC Gives Initial Nods To Digital Banks Revolut, OpenReserve

    The Office of the Comptroller of the Currency preliminarily approved charter applications from European digital bank Revolut and blockchain-based bank OpenReserve to establish national banks in the United States.

  • September 03, 2026

    Mortgage Co. Must Face Consumer Claims Over Dispute Flags

    An Illinois federal judge has rejected requests from mortgage servicer Dovenmuehle Mortgage Inc. and a consumer leading a proposed class action accusing it of sending inaccurate payment history information to consumer reporting agencies, saying neither summary judgment for the servicer nor class certification are appropriate at this time.

  • September 03, 2026

    1st Circ. Orders Redo In Puerto Rico Hospital Loan Fight

    The First Circuit revived hospital Instituto Medico Del Norte's Chapter 11 lawsuit against a lender, remanding the case after it "struggled to make sense" of a Puerto Rico bankruptcy judge's decision to dismiss the litigation.

  • September 03, 2026

    CFTC Says CME Perps Fight Is 'Much Ado About Nothing'

    The U.S. Commodity Futures Trading Commission told a D.C. federal judge that the Chicago Mercantile Exchange's suit over the agency's approval of Kalshi's bitcoin perpetual futures contract is "much ado about nothing" since the derivatives exchange is free to list its own version of the product.

  • September 03, 2026

    Boutique Firms Emerge As Trump Admin's 'Achilles' Heel'

    Less fearful of retribution than some of their BigLaw counterparts, small law firms are taking on an outsize role handling cases seen as adversarial to the Trump administration.

  • September 02, 2026

    Banks Can Discuss Fraud Without Disclosing SARs

    The U.S. Department of the Treasury's financial crimes unit and other financial regulators said Wednesday that banks can communicate with customers who are the subject of suspicious activity reports about potential underlying fraud so long as they don't reveal the existence of the report.

Expert Analysis

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • How Rated Note Feeders Help Insurers Tap Private Credit

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    With insurer investments comprising nearly a third of the private credit market, rated note feeders offer insurers a compelling way to access private credit yields through debt instruments by balancing key features of debt investment with the structural and economic profiles of private credit funds, say attorneys at Akin.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.

  • Quantum Readiness May Paradoxically Raise Contractor Risk

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    The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

  • What Ex-CFPB Head's Calif. Role May Foretell For Oversight

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    California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

  • Why SEC Climate Rule Rescission Wouldn't End Disclosure

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    If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • High Court's FCC Fine Ruling Reframes Agency Enforcement

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    The U.S. Supreme Court's recent decision in Federal Communications Commission v. AT&T sweeps aside uncertainty about what kinds of regulatory enforcement trigger a Seventh Amendment right, say attorneys at Squire Patton.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q2

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    The last three months were particularly consequential for Illinois banking law, with a federal court ruling reshaping the Interchange Fee Prohibition Act, the state filling enforcement gaps, significant legislative activity and a revision to the community bank leverage ratio, say attorneys at Riley Safer.

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