Banking

  • July 16, 2026

    German Court Convicts Former Banker In €320M Cum-Ex Case

    A former banker at an Australian firm was convicted Thursday by a German court of attempting €320 million ($366 million) in tax evasion as part of a cum-ex dividend scandal, a court spokesperson told Law360.

  • July 16, 2026

    Cooley Reinforces Privacy Practice With Ex-Hunton Partner

    Cooley LLP has further bolstered its cyber, data and privacy group, announcing the hiring of a former Hunton Andrews Kurth LLP partner in its New York office.

  • July 16, 2026

    GOP Sen. Tillis Presses Vought On DOGE's 'Amateur' Record

    Retiring Sen. Thom Tillis, R-N.C., on Thursday ripped into White House budget chief Russell Vought over the Trump administration's now-disbanded Department of Government Efficiency, pressing him repeatedly to substantiate its claims of massive taxpayer savings.

  • July 15, 2026

    Ex-Fed Adviser Gets 38 Months For Lying To Investigators

    A former senior adviser to the Federal Reserve Board of Governors was sentenced Wednesday to more than three years in federal prison for lying to investigators about sharing confidential information outside the agency, the U.S. Department of Justice announced.

  • July 15, 2026

    Circuit-By-Circuit Guide To The US Supreme Court's Term

    Federal appeals courts had wide-ranging successes and struggles during the U.S. Supreme Court's recently completed term: One had its best showing in years following its worst showing in years; one felt déjà vu after recently starting to find favor with the justices; and one saw its reputation for independence occupy a rare role in the Supreme Court spotlight.

  • July 15, 2026

    'I Won't Be A Silent Jury,' Judge Says As SVB Trial Wraps

    The California federal judge overseeing the bench trial on the Federal Deposit Insurance Corporation's claim that Silicon Valley Bank's officers mismanaged its assets before the bank's 2023 collapse told the two sides on Wednesday to be prepared for interruptions to their closing arguments, saying "I won't be a silent jury."

  • July 15, 2026

    'Bind Our Agency': Vought Urges House To Curb CFPB Powers

    The Consumer Financial Protection Bureau's acting Director Russell Vought told a U.S. House of Representatives panel Wednesday that the agency shouldn't "exist in its current form," urging lawmakers to further rein in its funding and authority as he prepares to exit as interim chief.

  • July 15, 2026

    Ex-TD Bank Worker Gets 46 Mos. In Money Laundering Scheme

    A former TD Bank assistant store manager was sentenced Wednesday by a New Jersey federal judge to nearly four years in prison without parole for his role in a money laundering conspiracy that federal prosecutors claim illegally moved nearly half a billion dollars through the bank.

  • July 15, 2026

    9th Circ. Revives PPP Fraud Suit Against Calif. Mortgage Co.

    The Ninth Circuit Wednesday revived whistleblower entity Relator LLC's lawsuit accusing a California mortgage lender and its founder of making false statements in a federal loan application, saying in a published opinion that information backing Relator's allegations was not already publicly available so as to bar its claims.

  • July 15, 2026

    Miami Man Gets Prison For Running Zelle Scam 'Money Mules'

    A Florida man who admitted to playing a role in scams that stole nearly $660,000 from victims including Zelle users has been sentenced to 32 months in prison.

  • July 15, 2026

    PayPal Stock Jumps After Reported $53B Stripe, Advent Bid

    PayPal Holdings Inc. shares were up more than 16% on Wednesday afternoon following reports that payments company Stripe and private equity firm Advent International have made a roughly $53 billion offer to acquire the company.

  • July 14, 2026

    'Bulletproof Hosting' Providers Indicted For Aiding Hacks

    A trio of Russian nationals and the "bulletproof hosting" services they operated have been indicted by a federal grand jury in Ohio on charges that they helped facilitate cyberattacks against banks, hospitals and other critical infrastructure operators across nearly two dozen states and several countries, leading to more than $62 million in losses, according to court documents unsealed Tuesday.

  • July 14, 2026

    Silicon Valley Bank Ignored BlackRock's Advice, Judge Hears

    Silicon Valley Bank disregarded advice from BlackRock's investment advisory firm suggesting the bank reduce the amount of its long-term mortgage-backed securities, the bank's former treasurer acknowledged Tuesday under questioning from a California federal judge during a bench trial over the Federal Deposit Insurance Corporation's claim SVB mismanaged its assets before its 2023 collapse.

  • July 14, 2026

    Fed 'Racing' To Hit Genius Act Rules Deadline, Warsh Says

    Federal Reserve Chair Kevin Warsh told lawmakers Tuesday that the central bank is "racing" to meet a looming deadline for drafting certain rules required by the Genius Act, the landmark stablecoin law that other federal regulators have already proposed regulations to implement.

  • July 14, 2026

    Key Witness In Halkbank Exec's Sanctions Trial Avoids Prison

    A Turkish-Iranian businessman-turned-linchpin cooperator in the trial of a Halkbank executive has been spared further incarceration over his role in an alleged $20 billion scheme to evade U.S. sanctions on Iranian oil and gas proceeds through bribery and illicit transactions that laundered payments to Iran's government.

  • July 14, 2026

    Ex-CFPB Enforcers Launch Consumer, Civil Rights Firm

    Three former enforcement leaders of the Consumer Financial Protection Bureau have launched their own law firm focused on consumer, tenant, worker and civil rights, with plans to represent advocacy organizations and state attorneys general, among others, in the area of public interest.

  • July 14, 2026

    Ex‑TD Bank Rep Gets 2 Years For Wire Fraud Conspiracy

    A New Jersey federal judge sentenced a former TD Bank NA customer service representative on Tuesday to two years in federal prison for conspiring to commit wire fraud in a scheme that cost the bank and customers about $500,000.

  • July 14, 2026

    Capital One Says Terms Allow It To Void Card Rewards

    Capital One NA has asked a Virginia federal court to free it from a proposed class action accusing it of unlawfully canceling billions of dollars in earned credit card rewards by unilaterally closing customers' accounts, saying that all of its cardholders were informed that it could close their accounts at any time.

  • July 13, 2026

    Ex-SVB Treasurer Says No Risky Actions Taken Before Failure

    Silicon Valley Bank's former treasurer defended the bank's former leadership Monday during a California federal bench trial over the FDIC's claim they mismanaged its assets before its 2023 collapse, saying he never observed anyone take actions he believed risked the soundness of the financial institution.

  • July 13, 2026

    9th Circ. Backs Block On FinCEN Border Cash Reporting Reqs

    The Ninth Circuit Monday affirmed a temporary block on a Trump administration rule that singles out cash-moving businesses along the southwest border for heightened anti-money laundering reporting, agreeing that a plaintiff money service business will likely suffer irreparable harm.

  • July 13, 2026

    Wells Fargo's $50M Deal In Atty's Ponzi Scheme Gets 1st OK

    Wells Fargo will pay $50 million to settle a proposed class action alleging it knowingly helped a Las Vegas attorney run a multimillion-dollar Ponzi scheme deceiving investor victims into fronting money for borrowers awaiting personal injury settlement payouts, according to a preliminary approval order issued in Nevada federal court.

  • July 13, 2026

    Regulators Caution On Bank Loans To Unauthorized Workers

    Federal regulators on Monday cautioned banks and credit unions about lending to "non-work authorized" individuals, issuing guidance that flags repayment concerns about such borrowers as part of President Donald Trump's push to curb banking access for unauthorized immigrants.

  • July 13, 2026

    NC Loan Borrowers Seek Cert. In Suit Over Warning Letters

    A putative class alleging loan servicer Selene Finance LP sent false and deceptive notices regarding loan defaults has asked a North Carolina federal judge to certify two classes, claiming all the letters Selene sent are "false in the same way."

  • July 13, 2026

    Custodia Urges Justices To Take Up Fed Master Account Fight

    Crypto-focused Custodia Bank is asking the U.S. Supreme Court to take up its challenge of a Tenth Circuit ruling that backed Federal Reserve banks' discretion to deny master accounts to otherwise eligible banks, arguing the decision empowers unappointed regional bank presidents to deny "disfavored" banks access to critical payment services.

  • July 13, 2026

    Capital One Customer Renews Claims Over Fintech's Outage

    A North Carolina resident accusing Capital One's data processor Fidelity National Information Services of failing to prevent a power outage that prevented her and others from accessing funds has asked a district court for permission to file a bolstered version of her class claims following their dismissal without prejudice.

Expert Analysis

  • 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.

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

    Author Photo

    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • How State, Local Rules Are Expanding Debt Collection Reach

    Author Photo

    Consumer protection rules recently enacted by several states signal that the rules of debt collection are being rewritten at a pace that should command the attention of every creditor, servicer, debt buyer, collection agency and collection law firm operating across state lines, says Weldianne Scales at Reed Smith.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

    Author Photo

    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • Lessons On Contingency Planning From OFAC's Iran Reversal

    Author Photo

    The Office of Foreign Assets Control‘s abrupt revocation of a recent license easing sanctions on Iranian oil products shows commercial dealings relying on OFAC licenses or with higher sanctions risks should expressly address what happens if a policy change makes performance prohibited, says Michelle Roberts at Berliner Corcoran.

  • Roundup

    Michigan Banking Brief

    Author Photo

    In this Expert Analysis series, attorneys provide quarterly recaps discussing the biggest developments in Michigan banking regulation, litigation and policymaking.

  • Future Of Fed Independence Shaky After Justices' Ruling

    Author Photo

    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

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

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here