Banking

  • May 26, 2026

    NY Lawyer Gets A Year After $20M Emigrant Bank Fraud Trial

    A compliance lawyer convicted at trial for allegedly conning an Emigrant Bank unit out of $20 million by lying about his investment firm's tax lien collateral was sentenced Tuesday in Manhattan federal court to a year and a day in prison for what prosecutors say was a straight-up scheme to steal from a Federal Deposit Insurance Corporation-insured bank. 

  • May 26, 2026

    BofA Borrowers Urge High Court To Revisit NY Escrow Suit

    New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong.

  • May 26, 2026

    Investors, Schwab Defend Antitrust Settlement At 5th Circ.

    Charles Schwab and its investors have urged the Fifth Circuit to affirm a final deal they reached in Texas federal court to conclude an antitrust suit over its merger with TD Ameritrade, arguing among other things that Iowa's attorney general lacks standing to appeal the class settlement.

  • May 26, 2026

    Chinese Bank Hit With Suit Claiming Reinsurance Fraud

    A company and its insurer have accused China Construction Bank Corp. of issuing fraudulent letters of credit valued at nearly $10 million, claiming in Illinois federal court that the country's largest bank has refused to honor reinsurance agreements the parties signed.

  • May 26, 2026

    Colo. Justices Say Debt Buyer Must Show It Owns The Debt

    A debt buyer seeking to collect a debt must attach to its complaint a writing that shows the debt buyer owns the debt, the Colorado Supreme Court said Tuesday in ruling for a consumer who incurred a $671.29 credit card debt.

  • May 26, 2026

    Quinn Emanuel Sues To Collect $1.5M From Binance's Zhao

    Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs.

  • May 26, 2026

    Houston Firm Wired Cali Man's $1.3M To Criminals, Per Suit

    A California man and a real estate company told a Texas federal judge that a Houston-based law firm improperly distributed money meant to pay off a loan to criminal elements, saying Tuesday that the law firm owes $1.3 million.

  • May 26, 2026

    MoneyLion Seeks To Shed Wash. Suit Over Referral Texts

    Fintech platform MoneyLion is looking to escape proposed class claims that it has violated Washington state laws with its customer referral program, arguing the allegations fail to show that the company helped users send referral messages to nonconsenting third parties.

  • May 22, 2026

    Law360 Reveals Titans Of The Plaintiffs Bar

    This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026.

  • May 22, 2026

    Banks, Ill. AG Duel Over Swipe-Fee Law's Fate On Remand

    Banking trade groups are urging a Chicago federal judge to follow a U.S. regulator's lead and confirm that Illinois' forthcoming restrictions on swipe fees are broadly preempted, pressing to capitalize on new federal rules that the state's attorney general says are "too little, too late."

  • May 22, 2026

    Crypto.com Stuck With Pen Register Claim In Tracking Row

    A California federal judge has significantly narrowed a proposed class action accusing the operator of cryptocurrency exchange Crypto.com of allowing third parties to track the browsing activities of website visitors who rejected the use of cookies, cutting all the plaintiffs' allegations except for a single claim under the pen register provision of the California Invasion of Privacy Act.

  • May 22, 2026

    FDIC Proposes AML, Sanctions Rule For Stablecoin Issuers

    The Federal Deposit Insurance Corp. on Friday issued a proposed rule to codify that stablecoin issuers under its supervision must comply with anti-money laundering, Bank Secrecy Act and sanctions requirements and to bolster the FDIC's coordination with the Treasury Department's illicit finance regulators.

  • May 22, 2026

    Regions Bank To Pay Feds $4.9M Over PPP Loan Forgiveness

    Regions Bank has agreed to pay more than $4.9 million to settle allegations it was improperly paid by the government after approving forgiveness of a customer's Paycheck Protection Program loan that was ineligible for such treatment, the U.S. Department of Justice announced Friday.

  • May 22, 2026

    CFPB Small-Biz Rule Rollback Tees Up End To Ky. Bank Suit

    Kentucky banks have indicated they will drop their lawsuit over the Consumer Financial Protection Bureau's small-business loan data rule after the agency, now under the Trump administration, significantly scaled back the Biden-era reporting mandate.

  • May 22, 2026

    Skadden, Troutman Steer First Carolina Bank's IPO Plans

    First Carolina Financial Services on Friday filed plans to go public on the New York Stock Exchange through an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

  • May 22, 2026

    OppFi Clinches Win Over $100M Calif. 'Rent-A-Bank' Case

    A California state judge has freed Opportunity Financial from a California state regulator's pursuit of at least $100 million in fines for alleged predatory lending, sealing the fintech firm's victory over long-running "rent-a-bank" claims that threatened its business model in the state. 

  • May 22, 2026

    Settlement Co. Says $2.7M Fla. Lien Notices Were Defamatory

    Structured settlement broker Integrated Financial Settlements Inc. and three affiliates have sued Riverside Capital NY in Connecticut state court, accusing the company of defamation and interference with business expectations for telling third parties about a purportedly improper $2.7 million Florida lien connected to an ex-CEO's allegedly unauthorized loans.

  • May 22, 2026

    Texas Bank Says It's Not Liable In $100M Fraud Scheme

    A Texas bank told a Florida bankruptcy court Friday it must toss a Chapter 11 trustee's adversary complaint accusing it of complicity in a $100 million theft of funds from a special needs nonprofit, arguing that it can't be held liable for the nonprofit's own wrongdoing. 

  • May 22, 2026

    Fed, OCC Urged To Block 'Predatory' Enova's Bank Buy

    A pair of Senate Democrats cautioned financial regulators about greenlighting fintech lender Enova International's application to become a national bank holding company, calling it a "predatory lender."

  • May 22, 2026

    Conn. Mall The SoNo Collection Hit With Foreclosure Suit

    Norwalk, Connecticut-based shopping mall The SoNo Collection, which is part of national retail real estate giant GGP, is facing state foreclosure and receiver proceedings after defaulting on a $245 million loan.

  • May 22, 2026

    World Cup Trafficking Raises Alarm For More Than Just Banks

    An unusual Trump administration notice exhorting financial institutions to be on guard for human trafficking activity during the 2026 FIFA World Cup could create compliance challenges not just for banks but an array of other industries, experts told Law360.

  • May 22, 2026

    Pension Plans Can't Shake Belgium's $144M Tax Fraud Suit

    A group of pension plans and associated individuals cannot use timing limitations to quickly dismiss the Belgian government's suit alleging they fraudulently claimed about €124 million ($144 million) in tax refunds on dividends, a New York federal court said.

  • May 22, 2026

    Don't Miss It: Cooley, Simpson Thacher Steer Hot Deals

    A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals.

  • May 22, 2026

    Resi Investor Inks Plea In $230M Mortgage Fraud Scheme

    A multifamily investor admitted to playing a central role in a mortgage scheme that defrauded Fannie Mae, Freddie Mac and other lenders, pleading guilty to one count of wire fraud conspiracy in New Jersey federal court.

  • May 22, 2026

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

    The past week in London has seen Napster sued by a music royalties company, White & Case LLP and Laytons LLP targeted in a claim by a property developer, a short-term lender pursue legal action against law firm Rainer Hughes and its former founding partner following his strike-off for money laundering offenses, and the administrators of London Bridging sue the founder of collapsed Market Financial Solutions. Here, Law360 looks at these and other new claims in the U.K.

Expert Analysis

  • Stablecoin Yield Reform Raises Stakes For Community Banks

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    Risks for community banks are heightened by the Clarity and Genius Acts, which establish stablecoin market parameters and may lead to traditional bank fund withdrawals in the long term, but a recent Senate amendment to the former bill could prevent deposit runoff, says Thomas Walker at Jones Walker.

  • What To Watch At The 2026 ABA Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition among developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

  • How DOJ's New Corporate Crime Policy Will Work In Practice

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    The upshot of the Justice Department's new corporate crimes enforcement framework is uniformity for self-reporting companies, but there is uncertainty around how it will be applied in interaction with the Southern District of New York's more lenient, yet unpredictable, financial crimes enforcement program, say attorneys at Cahill Gordon.

  • What FINRA Enforcement Changes Mean For Investigations

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    It is essential for in-house counsel and compliance officers to familiarize themselves with the Financial Industry Regulatory Authority's recently announced changes to its enforcement program, which offer both clearer visibility into FINRA's expectations and a valuable opportunity to strengthen regulatory readiness, say attorneys at Eversheds Sutherland.

  • One Idea To Fix The SEC's Risk Factor Disclosure Rules

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    U.S. Securities and Exchange Commission Chairman Paul Atkins recently invited the industry to suggest ways to reform the current risk factor disclosure framework, and amending Rule 10b-5 is one potential option to consider, say attorneys at A&O Shearman.

  • Agentic AI Use May Trigger Existing Consumer Finance Laws

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    As artificial intelligence agents interact more and more with payment systems, financial institutions should be cognizant of how existing consumer protection laws like the Equal Credit Opportunity Act apply when transactions are executed by automated systems rather than individuals, noting authorization and liability gaps, say attorneys at Sheppard.

  • SEC Guidance Further Solidifies Status Of Tokenized Assets

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    The U.S. Securities and Exchange Commission recently released a statement that tokenized securities are securities governed by traditional securities laws, representing continued regulatory clarity and the development of expanded technical standards and risk management guidelines that can only improve the long-term viability of financial markets, say attorneys at Barnes & Thornburg.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • CFTC's No-Action Relief Fuels Energy Market Competition

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    The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • AI Is Changing The Game For Lenders' Vendor Governance

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    Recent guidance from Freddie Mac and the Treasury Department reinforces that expectations surrounding AI oversight are beginning to shape how mortgage lenders operationalize vendor governance, which is emerging as a critical compliance challenge for the decade ahead, says Alexandra Temple at Mitchell Sandler.

  • How Data Centers Can Prep For Legal Challenges Amid War

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    Amid conflict in the Middle East, data centers may now be exposed to state-level kinetic threats, creating significant legal, regulatory and contractual implications, so operators should update their legal and operational frameworks in order to withstand future disruptions and meet the regulator expectations, say attorneys at Baker Botts.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • What Texas Anti-Boycott Ruling Means For ESG Landscape

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    A Texas federal court's recent ruling in American Sustainable Business Council v. Hegar that Texas' anti-ESG law is unconstitutional on First Amendment grounds will likely embolden legal challenges to similar laws in other states that have adopted fossil fuel boycott statutes, say attorneys at ArentFox Schiff.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

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