Banking

  • August 12, 2026

    Newrez Pays $15.5M Over Force-Placed Insurance Charges

    Rithm Capital-owned mortgage servicer Newrez LLC will pay $15.5 million to resolve allegations that force-placed insurance charges were erroneously levied against customers, following a multistate mortgage loan servicing examination, according to an announcement Wednesday from the New York State Department of Financial Services.

  • August 12, 2026

    9th Circ. Upholds Ex-ITT Students' $12M Loan Fraud Win

    The Ninth Circuit Wednesday affirmed a $12 million judgment to former students of bankrupt for-profit college ITT Education Services Inc., saying their RICO claims against student loan servicers weren't time-barred because evidence showed the students had no way of knowing they were being scammed more than four years before they filed suit.

  • August 12, 2026

    Trinseo Kicks Off Ch. 11 Trial As Creditors Feud Over LMEs

    Trinseo PLC and feuding creditor groups on Wednesday launched opening salvos at a hearing on the plastics maker's bid to trim about $2 billion in debt under a Chapter 11 plan, kicking off a trial in Texas bankruptcy court expected to span three days.

  • August 12, 2026

    PayPal Wins Final Dismissal Of Merchant Rules Antitrust Suit

    PayPal on Wednesday beat for good a proposed class action over its alleged restrictive merchant agreements, with a California federal judge finding that the third version of the suit still fails to establish the consumers' standing to bring antitrust claims.

  • August 12, 2026

    Kalshi Uses CFTC Order To Build Case For NY Shield

    Kalshi intensified its push for the Second Circuit to shield it from a New York state lawsuit targeting its sports event contracts Wednesday, arguing a new U.S. Commodity Futures Trading Commission directive demonstrates the company's need for protection.

  • August 12, 2026

    Aperture Expands Litigation Finance Platform To $1B

    Alternative asset manager Aperture Investors is expanding its litigation finance platform to $1 billion in total investment capacity, mostly deployed as direct loans to plaintiffs firms.

  • August 12, 2026

    Goldman Sachs To Buy NEOS Investments For Up To $2.25B

    Goldman Sachs said Wednesday that it has agreed to acquire NEOS Investments, a provider of options-based income exchange-traded funds, for up to $2.25 billion in cash and equity, in a transaction steered by three law firms. 

  • August 12, 2026

    Ex-Raymond James Adviser Fined After Taking $947K In Gifts

    Connecticut's banking and securities regulator has fined a onetime Raymond James investment adviser agent for borrowing $140,000 from a brokerage client, accepting $947,000 in gifts from two clients and making an inaccurate statement on a form she filed in connection with her next job at Lincoln Investment, according to a consent order.

  • August 11, 2026

    CFTC Moves To Shield Kalshi From NY Lawsuit

    The U.S. Commodity Futures Trading Commission issued an emergency order Tuesday evening telling Kalshi that, even if the state of New York wins a restraining order preventing the prediction market platform from offering event contracts, it should continue business as usual.

  • August 11, 2026

    Cash Advance Co. Loses Coverage Bid For $1B NYAG Row

    Merchant capital advance provider Yellowstone Capital LLC has lost its bid for coverage of costs incurred in a $1 billion settlement with the New York attorney general over claims that it gouged small businesses, as a New Jersey federal judge found Yellowstone's insurance policy excludes coverage for claims of unfair business practices.

  • August 11, 2026

    FinCEN Permanently Rolls Back CTA Reporting Requirement

    The U.S. Department of the Treasury's financial crimes unit on Tuesday issued a final rule permanently narrowing reporting regulations under the Corporate Transparency Act, enshrining a regulatory rollback that exempts domestic shell companies from reporting their beneficial ownership information.

  • August 11, 2026

    Atty Can't Represent His Securities Class Claims, Judge Says

    A New Jersey federal court has prohibited an attorney from serving as class counsel in his proposed class action accusing a group of financial services companies of running a scheme driven by high commissions and undisclosed conflicts of interest, saying the suit can only be refiled if new class counsel is brought in.

  • August 11, 2026

    Canadian Banks Selling Moneris To Francisco For $1.4B

    Toronto-based payments company Moneris Solutions Corp. has agreed to be acquired by Francisco Partners Management LP for about CA$2 billion ($1.44 billion), as joint owners Bank of Montreal and Royal Bank of Canada look to exit the business while keeping commercial ties, the companies said Monday.

  • August 11, 2026

    Ex-Wells Fargo VP Says Bias, Retaliation Forced Exit

    A senior vice president at Wells Fargo told a North Carolina federal judge he was forced out of his position following biased evaluations and comments from his supervisor about his age, disability and the race of his team members, in a new complaint filed Monday.

  • August 11, 2026

    Nvidia, 6 Partners Plan $500B In AI Infrastructure Financing

    Nvidia, Goldman Sachs, KKR, Apollo Management, BlackRock, Brookfield and Blackstone are teaming up to spend over $500 billion in "third-party capital" on building artificial intelligence infrastructure, Nvidia announced.

  • August 11, 2026

    Viks Ask Conn. Justices To End Deutsche Bank's 2nd Lawsuit

    Alexander Vik and his daughter have asked the Connecticut Supreme Court to spare them from a revived Deutsche Bank AG lawsuit that claims they disrupted a Norwegian software company's share sale designed to partially satisfy a $243 million English court judgment, arguing a lower appeals court ruling was flawed.

  • August 11, 2026

    Blue States Say OCC Overstepped On Escrow Interest Rules

    An Oregon-led coalition of nearly a dozen states sued Tuesday to overturn the Office of the Comptroller of the Currency's recent rules that exempt national banks from state laws requiring the payment of interest on homeowners' escrow account funds.

  • August 11, 2026

    Tribunal Rejects Bahrain's Abuse Claims Against Iran Oil Co.

    An international arbitration tribunal has largely rejected Bahrain's preliminary objections to claims brought by an Iranian state-owned oil company's trading arm over funds held in Bahraini banks, finding the company did not abuse the arbitration process by moving its corporate home to Malaysia.

  • August 11, 2026

    Trump's Capital One Suit Tests Vast Debanking Powers

    President Donald Trump's lawsuit against Capital One NA is a high-profile test of a bank's broad powers to unilaterally close accounts, an issue that has been "devastating" for companies, law firms and others booted from banks based on opaque compliance concerns, experts say.

  • August 10, 2026

    OCC Takes Swipe At BofA In Post-Jan. 6 Data Sharing Suit

    A top U.S. banking regulator has waded into a proposed class action accusing Bank of America NA of unlawfully sharing customer information with law enforcement after the Jan. 6, 2021, U.S. Capitol attack, arguing the bank can't use a key regulatory safe harbor to exit the case.

  • August 10, 2026

    Trump Pick Confirmed To NCUA As Hauptman Joins PCAOB

    The National Credit Union Administration is poised for new leadership after senators on Friday confirmed Trump nominee John Crews to its board, whose acting Chairman Kyle Hauptman has departed for a seat on the Public Company Accounting Oversight Board.

  • August 10, 2026

    Muddy Waters Wants Claim Cut From $14M Whistleblower Suit

    Investment research service Muddy Waters LLC and its founder want a breach of contract claim cut from a suit alleging they stiffed a purported former partner out of his share of a $14 million whistleblower award from the U.S. Securities and Exchange Commission, saying the claim "crosses the line from pleading in the alternative to pleading in incoherence."

  • August 10, 2026

    Judge Trims Wells Fargo Ex-VP Whistleblower Suit

    An Illinois federal judge Friday trimmed a former Wells Fargo testing and validation executive's suit alleging she was fired for flagging reporting inaccuracies, finding that her allegations were too vague and that she did not correctly report the alleged activity to the U.S. Securities and Exchange Commission.

  • August 10, 2026

    UWM Sues REIT For Over $500M, Claiming Merger Sabotage

    UWM Holdings Corp. and subsidiary UWM Acquisitions 1 LLC hit Two Harbors Investment Corp. with a more than $500 million suit on Monday, accusing the real estate investment trust in Maryland federal court of deliberately sabotaging a $1.3 billion all-stock merger deal.

  • August 10, 2026

    Balch & Bingham Wants Chrisleys' Malpractice Suit Dismissed

    Balch & Bingham LLP has moved to dismiss a malpractice complaint from reality television stars Todd and Julie Chrisley, who were pardoned by President Donald Trump in May 2025 after serving over two years in prison for multiple financial crimes, telling the Atlanta federal court the two could "blame only themselves" for their convictions.

Expert Analysis

  • SEC's Co-Investment Relief Broadens Private Market Access

    Author Photo

    The U.S. Securities and Exchange Commission's recent no-action letter to J.P. Morgan Investment Management permits open-end funds to co-invest with affiliates, removing a long-standing barrier open-end fund sponsors have faced in sourcing private market investments at scale, say attorneys at Debevoise.

  • Recent Actions Signal Increased NYDFS Health Cyber Focus

    Author Photo

    The New York Department of Financial Services' recent $2.25 million settlement with Delta Dental indicates that it views cybersecurity enforcement in the healthcare and insurance sectors as an ongoing priority, and serves as a road map for the compliance gaps regulators are most likely to target, say attorneys at Crowell & Moring.

  • Your Next Litigation Hold Should Cover AI Chat Logs

    Author Photo

    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • 'Operation Hard Money' Marks New Phase In Synthetic ID Fraud

    Author Photo

    A recent California mortgage fraud case dubbed "Operation Hard Money" shows synthetic identities are increasingly key to mortgage and money laundering schemes, so lenders would be wise to integrate verification and behavioral monitoring as fraud powered by artificial intelligence creates larger losses and recovery challenges, says Neal Levin at Rimon.

  • Cannabis Policy Shift May Reshape Banking, Insolvency Risks

    Author Photo

    The Trump administration's cannabis rescheduling initiative aims to correct classification that had rendered federal banking, tax administration and insolvency law incoherent, and will begin to restore some alignment between federal law and the economic reality of the marijuana industry, says Richard Ormond at Buchalter.

  • Visa's Agentic Payment Rules Expose Compliance Tensions

    Author Photo

    Visa's recently released framework clarifying how payments driven by artificial intelligence can occur without consumer-merchant interaction exposes compliance risks under disclosure and fee transparency laws that may require merchants and payment providers to rethink consumer protection as agentic commerce expands, say attorneys at Stinson.

  • Finding Borrower Risk In The Private Credit Covenant Mix

    Author Photo

    Amid rising caution over private credit defaults, investors and their counsel can gain key insights about borrower risk from the particular combination of financial metrics included in a loan's covenants, not just the number of covenants, say Christopher Armstrong at Stanford University, and Carlo Gallimberti and David Tsui at Analysis Group.

  • Series

    Studying Foreign Languages Makes Me A Better Lawyer

    Author Photo

    Studying Italian and Japanese has shown me that learning a new language can benefit a legal career in several ways, including by demonstrating the importance of approaching problems from a fresh perspective and the value of practicing patience with colleagues and clients, says Anna King at Genworth Financial.

  • Sold Inventory May Drive Tax Treatment Of Tariff Refunds

    Author Photo

    Companies determining the tax treatment of refunds expected following the U.S. Supreme Court's February decision invalidating tariffs imposed under the International Emergency Economic Powers Act should consider whether the tariff costs have already reduced their income considering the cost of goods sold, say attorneys at McDermott.

  • Opinion

    Murdaugh Reversal Masks Deeper Justice System Issues

    Author Photo

    The South Carolina Supreme Court's recent reversal of Alex Murdaugh's murder conviction leans heavily on improper jury influence by an ex-county clerk of court while underbilling other errors in the case, which are emblematic of larger issues with the justice system, says Barry Edwards at Fair Trial Analysis.

  • NCUA Proposal Could Streamline Credit-Union-Bank Mergers

    Author Photo

    While the National Credit Union Administration's recently proposed merger overhaul may reduce procedural barriers to combinations involving banks and credit unions and signals a willingness to revisit long-settled regulations, parties should still ensure careful planning and regulator engagement throughout complex transactions, say attorneys at Fox Rothschild.

  • Treasury Proposal Maps Compliance Road For Stablecoins

    Author Photo

    Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

  • Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures

    Author Photo

    As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.

  • Sizing Up The Rescheduling Hurdles Medical Pot Cos. Face

    Author Photo

    The Justice Department’s recent lowering of certain medical marijuana products to Schedule III means operators — particularly those simultaneously offering federally illegal adult-use cannabis — must implement greater structural discipline to navigate an increasingly fragmented legal landscape if they hope to benefit from new tax deductions and access to capital, say attorneys at Akerman.

  • Tax Teams Get No Bright-Line Rule From AI Privilege Cases

    Author Photo

    Three recent appellate decisions that considered artificial intelligence in the context of attorney-client privilege protections illustrate that taxpayers and tax practitioners alike must consider the pertinent facts on a case-by-case basis, with particular attention to confidentiality, disclosure risk and system design, say attorneys at Morgan Lewis.

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.