Banking

  • May 04, 2026

    Wells Fargo, Lloyd's Beat $900B Fraud Suit Over Wire Error

    A Maryland federal judge has permanently tossed a lawsuit brought by Alliance Global Capital Fund and a cheese shop that sought $900 billion in damages alleging Wells Fargo refused to redirect funds it knew were credited to the wrong account, finding a majority of the case's claims were brought too late.

  • May 04, 2026

    Fintech Cos., States Split On Scope Of Prediction Market Regs

    Fintech platforms have told the U.S. Commodity Futures Trading Commission that few events should be off-limits for trading as the agency crafts rules for prediction markets, while tribes, consumer groups and states are calling on the agency to ban sports markets altogether as off-label gambling.

  • May 04, 2026

    Trump Broadens Sanctions On Cuban Government

    President Donald Trump has expanded his sanctions regime against Cuba, issuing an executive order targeting Cuban government officials while also implementing second-order sanctions against financial institutions that carry out transactions with sanctioned individuals.

  • May 04, 2026

    Trump-Backed Firm Says Crypto Exec Ran Smear Campaign

    Trump family-tied crypto firm World Liberty Financial LLC hit back at crypto billionaire Justin Sun with a defamation suit Monday, claiming he bet against a token he publicly hyped as part of an alleged short-and-distort scheme.

  • May 04, 2026

    Wells Fargo, Law Firm Sued Over Alleged Ponzi Scheme Ties

    Wells Fargo, a California law group and an Arizona investment advisory firm have been hit with a suit in a Texas federal court alleging they aided a purported Ponzi scheme over a purported oil-and-gas industry technology company.

  • May 04, 2026

    Canada Pledges $1.1B For Companies Hit By US Tariffs

    Canada will provide CA$1.5 billion ($1.1 billion) in financing to companies impacted by U.S. tariffs, especially those on steel, aluminum and copper, the Canadian government said Monday, the latest in a string of support measures.

  • May 04, 2026

    5 Firms Guide Long Lake's $6.3B Amex Travel Unit Purchase

    American Express Global Business Travel said Monday it has agreed to be acquired by Long Lake Management in an all-cash deal valuing the corporate travel company at about $6.3 billion that was steered by five law firms.

  • May 04, 2026

    Davis Polk Lands Skadden's LA Leader To Launch New Office

    Davis Polk & Wardwell LLP is opening an office in Los Angeles and is bringing on the former leader of Skadden Arps Slate Meagher & Flom LLP's office in the city.

  • May 04, 2026

    WilmerHale Adds SEC Veteran As Financial Services Partner

    WilmerHale has added a former U.S. Securities and Exchange Commission deputy director as a partner in its securities and financial services department, the firm announced on Monday.

  • May 01, 2026

    NYDFS Fines Delta Dental $2.25M Over MOVEit Data Breach

    Delta Dental has agreed to pay $2.25 million to resolve the New York financial regulator's claims that the insurer maintained inadequate cybersecurity and breach response measures that enabled hackers to obtain access to files sent through the MOVEit transfer tool containing its customers' personal information. 

  • May 01, 2026

    Senators Unveil Stablecoin Yield Compromise For Crypto Bill

    Two members of the Senate Banking Committee on Friday shared language governing interest and rewards payments on stablecoins that appears to resolve a key battle between banks and fintech companies stalling the Senate's progress on a bill to regulate crypto markets known as the Clarity Act.

  • May 01, 2026

    2nd Circ. Urged To Remand Fed-Blocked Mortgage Program

    Major banking industry groups have urged the Second Circuit to remand to the Federal Reserve Board its order blocking a New York bank's proposed cash guarantee program for homebuyers, arguing the decision relied on a flawed legal interpretation that would effectively erase a key pathway for banks to pursue "complementary" nonbank activities.

  • May 01, 2026

    UBS Can't Escape $92M FINRA Award Over Tesla Stock Advice

    An Iowa district judge denied UBS Financial Services' bid to vacate an arbitration award granted by the Financial Industry Regulatory Authority Inc., telling the firm it must pay more than $23 million in compensatory damages and $69 million in punitive damages to several ex-UBS customers who said the firm advised them to short-sell electric car company Tesla Inc.'s stock.

  • May 01, 2026

    Lender Seeks Sale Of Colo. Building After $22.3M Default

    An Arizona investment firm asked a Colorado state court judge to foreclose on a commercial condominium after the owners defaulted on more than $22 million worth of loans.

  • May 01, 2026

    How Paul Clement Does It All

    For most lawyers, getting to argue before the U.S. Supreme Court is a once-in-a-lifetime event, but for a select few, it's a common occurrence. Clement & Murphy PLLC name partner Paul Clement is one of those lawyers. 

  • May 01, 2026

    Barclays Adds Ex-SEC Official From WilmerHale As New GC

    Barclays said Friday that it has hired a new general counsel who brings expertise as former vice chair and chair of WilmerHale's financial services department, along with years of financial and regulatory experience as a director at the U.S. Securities and Exchange Commission.

  • May 01, 2026

    Mortgage Giants Want Homeowners' Price-Fixing Suit Tossed

    A group of mortgage originators and several software companies told a Tennessee federal court that a proposed price-fixing class action should be tossed because the plaintiffs didn't plausibly allege that the originators used certain software for a nationwide price-fixing conspiracy involving residential mortgage rates.

  • May 01, 2026

    Pizzeria Urges 6th Circ. To Strike Fed's Debit Swipe-Fee Cap

    A Kentucky restaurant is urging the Sixth Circuit to overturn the Federal Reserve Board's cap on debit-card swipe fees for large banks, arguing the cap was set too high and was wrongly upheld by a lower court last year.

  • May 01, 2026

    TTAB Upholds Canceled Everwise TM Registration

    The Trademark Trial and Appeal Board won't revive a Midwestern credit union's trademark registration after it had not actually begun commercial use of that name by the legally required deadline.

  • May 01, 2026

    'No Easy Task': Atty Seeks Fees For Ending Practice Limit Law

    A New Jersey attorney and his law firm told a state judge on Friday that they should be awarded counsel fees after they successfully challenged the constitutionality of a state law provision that penalizes attorneys who specialize in debt adjustment for representing debtors.

  • May 01, 2026

    Wells Fargo Customer Gets TransUnion Class Certified

    A Wells Fargo customer whose TransUnion LLC credit report kept showing a purportedly fraudulent transaction can now represent nearly 281,000 similarly situated people in a class action against the credit reporting agency, a Pennsylvania federal judge has ruled.

  • May 01, 2026

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

    The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

  • May 01, 2026

    TD Bank Says 'Call Ready' Policy Didn't Force OT

    TD Bank asked a New Jersey federal court to toss a proposed collective action over its "call ready" policy, arguing the former call center worker who brought the suit failed to identify any workweek in which unpaid boot-up and shutdown time pushed her over the 40-hour overtime threshold.

  • April 30, 2026

    Senate Dems Press Lutnick On Stablecoin Co.'s Loan To Trust

    Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., on Thursday told Commerce Secretary Howard Lutnick and the CEO of El Salvador-based Tether that they want information about the stablecoin company's reported loan to a trust benefiting Lutnick's four children.

  • April 30, 2026

    Bank's Racketeering Claims Over €4M Award Will Proceed

    An Arizona federal judge Wednesday greenlit racketeering and fraud claims asserted by an Austrian bank as it looks to enforce a nearly €4 million ($4.7 million) arbitral award against a Mexican company that is accused of misrepresenting facts to secure an underlying loan and then scattering its assets.

Expert Analysis

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • Venezuela Legal Shifts May Create Investment Opportunities

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    Since the removal of President Nicolás Maduro, Venezuela has shown signs of economic liberalization, particularly in the oil and mining sectors, presenting unique — but still high-risk — investment opportunities for U.S. companies, say attorneys at Haynes Boone.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Bipartisan Enforcement Is Rising In Consumer Finance

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    Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

  • Ramped Up Psychedelic Production Carries Opportunity, Risk

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    Kimberly Chew at Husch Blackwell discusses the key legal implications of the U.S. Drug Enforcement Administration's recent dramatic increases in the production quotas for a range of psychedelic substances, offering guidance on compliance, risk management and strategic opportunities for practitioners navigating this rapidly evolving landscape.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Can OCC State Banking Law Preemption Survive The Courts?

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    While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

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