Banking

  • June 22, 2026

    Mortgage Cos. Can't Slip Antitrust Suit, Homeowners Say

    A proposed class of homeowners urged a Tennessee federal court not to allow a group of mortgage lenders and software companies to dodge their antitrust claims, saying their suit sufficiently alleged that the defendants are engaging in price fixing for residential mortgages.

  • June 22, 2026

    Loeb & Loeb Adds Cadwalader Finance Pro

    Loeb & Loeb LLP announced the addition of a trio of finance attorneys on Monday, including a partner from Cadwalader Wickersham & Taft LLP who has left before the firm's imminent merger with Hogan Lovells.

  • June 21, 2026

    DC Circ. Sends CFPB Layoff Fight Back To District Court

    The D.C. Circuit has declined to give the Trump administration an immediate green light for a plan to lay off around half of the Consumer Financial Protection Bureau's remaining workforce, instead handing it off for a Washington, D.C., federal judge to review first.

  • June 18, 2026

    Ex-Wells Fargo Rep Can't Get Whistleblower Pay At Fed. Circ.

    The Federal Circuit won't revive an ex-Wells Fargo employee's suit alleging the U.S. Department of Justice won't pay her share of a $2 billion payout that settled allegations the bank misled investors about troubled loans behind its residential mortgage-backed securities, ruling Thursday the U.S. Court of Federal Claims lacks jurisdiction to review the DOJ's decision.

  • June 18, 2026

    Tort Suit Marketing Co. Says It Must Keep Firm's $9M Payment

    A marketing company that specializes in advertising mass tort litigation lodged a suit against a lender in Texas state court, claiming the lender wrongfully demanded $6 million that came from a judgment finding that a law firm failed to make payments for a $42 million contract.

  • June 18, 2026

    JPMorgan Customers Seek Class Cert. In Cash Sweep Case

    Customers of JPMorgan's brokerage arm have asked a New York federal judge to grant class certification in their suit accusing the Wall Street giant of underpaying the interest on cash sweep accounts, noting that a judge previously called the case an "unusually easy" one for class treatment.

  • June 18, 2026

    Convicted Atty's Federal Bar Future Hinges On State Review

    A Connecticut federal judge said Thursday that he is "impressed" with the "growth" that a suspended attorney has shown in the months since his reinstatement hearing began, but he would not rule on readmitting him to the bar until a state-level committee makes its own recommendation.

  • June 18, 2026

    Bank Regulators Float Joint Stablecoin Customer ID Rule

    Banking regulators Thursday collectively proposed customer identification standards for stablecoin issuers in a joint rulemaking under the federal stablecoin framework, the Genius Act.

  • June 18, 2026

    Skadden, Troutman Lead First Carolina Bank's $69M IPO

    First Carolina Financial Services, a community bank with branches in several southeastern states, began trading its shares on Thursday after pricing a $69 million initial public offering below its target range, guided by Skadden Arps Slate Meagher & Flom LLP and underwriters' counsel Troutman Pepper Locke LLP.

  • June 18, 2026

    Trump Accounts Not Subject To ERISA, DOL Says

    Trump accounts, the new tax-advantaged brokerage accounts for newborns, will generally not be considered employee pension benefit plans and will not be subject to federal benefits laws, according to guidance issued Thursday by the U.S. Department of Labor.

  • June 18, 2026

    BofA Exits Biden-Era OCC Order Over Pandemic Relief Lapses

    The Office of the Comptroller of the Currency has terminated a 2022 consent order with Bank of America NA over its handling of prepaid unemployment benefit cards during the COVID-19 pandemic, closing out a key part of a Biden-era joint enforcement action against the bank.

  • June 18, 2026

    Liberty Mutual Says It's Owed $1.5M In School Bond Row

    Liberty Mutual Insurance Co. told a North Carolina federal court that a construction company owes about $1.5 million for losses Liberty incurred in connection with the contractor's work on a school construction project for which Liberty executed bonds.

  • June 18, 2026

    Greenberg Traurig Brings On Former BNY Mellon Exec In NJ

    Greenberg Traurig LLP has added a former Bank of New York Mellon executive as of counsel in its finance practice in New Jersey, the firm announced Wednesday.

  • June 18, 2026

    Ex-Court Clerk Wants Murdaugh Jury-Tampering Suit Dismissed

    Disgraced attorney Alex Murdaugh cannot tie the money he spent on his criminal defense in his since-nullified murder trial back to a former court clerk's alleged jury tampering, so his lawsuit over that tampering should be tossed, the former clerk told a South Carolina federal court Thursday.

  • June 18, 2026

    Wells Fargo Must Face Finance Manager's Bias Claims At Trial

    Wells Fargo has lost its bid for summary judgment in a finance manager's disability bias lawsuit, with a North Carolina federal judge ruling that a material dispute remains over whether she suffered an adverse action for her retaliation and discrimination claims.

  • June 18, 2026

    Troutman, Bennett Jones Guide Deluxe On $625M Celero Buy

    Deluxe said it has agreed to purchase payments company Celero Commerce for about $625 million in cash, with Troutman Pepper Locke LLP and Bennett Jones LLP advising Deluxe and DLA Piper representing Celero. 

  • June 18, 2026

    CME Group Sues CFTC Over Perpetual-Contracts Approval

    CME Group is challenging the U.S. Commodity Futures Trading Commission's decision to approve the listing of perpetual contracts, arguing in a lawsuit that the agency "overrode Congress's definition of the term 'swap'" when it gave Kalshi the green light last month to allow trading on bitcoin spot prices. 

  • June 17, 2026

    FTX Exec's Wife Must Face Campaign Finance Charges

    A New York federal judge Wednesday refused to throw out an indictment accusing crypto lobbyist Michelle Bond of campaign finance crimes, rejecting her argument that prosecutors previously promised her husband, a former FTX executive, that his guilty plea would mean she's in the clear.

  • June 17, 2026

    OCC Warns Charter Hopefuls Against Incomplete Applications

    The Office of the Comptroller of the Currency said Wednesday that it will send back incomplete regulatory applications without a review and will start publishing its denial decisions, putting bank charter hopefuls and other corporate filers on notice.

  • June 17, 2026

    Visa, Mastercard Say 'Old' Deal Bars 'New' Merchant Suit

    Visa and Mastercard asked a New York federal court to shut down a new proposed class action from merchants seeking to get around the future claims release in the credit card companies' $5.6 billion transaction fees antitrust settlement, arguing the new merchants are clearly bound by the old deal.

  • June 17, 2026

    NC Biz Court Narrows Fight Over Flopped Development Deal

    A private lender and its top brass have shaved a host of claims from a dispute with the part-owners of a real estate development project that never got off the ground, with a North Carolina Business Court judge finding that many of the allegations against them were too "thin" to advance.

  • June 17, 2026

    Citigroup Says Foreign Bondholders Can't Bring RICO Suit

    Citigroup urged a Florida federal magistrate judge Wednesday to dismiss racketeering claims in a suit accusing the bank of running a massive cash advance fraud scheme, arguing the bondholder plaintiffs suffered no domestic injury that would allow them to sue under the Racketeer Influenced and Corrupt Organizations statute.

  • June 17, 2026

    Lender Says Co. Defaulted On $5M Loan, Tanked Pot Site Value

    A cannabis real estate company and an affiliate gutted a $27 million cultivation facility, stopped paying taxes on it and defaulted on a $4.6 million clean-energy loan, according to a federal lawsuit by the lender, which seeks a court-ordered sale of the property.

  • June 17, 2026

    Judge OKs Deal Ending Halkbank Iran Sanctions Prosecution

    A New York federal judge Wednesday officially approved a no-fine deal ending the long-running criminal prosecution of Turkey's Halkbank, in which the feds accused the state-backed Turkish lender of scheming to launder billions of dollars in sanctioned Iranian oil proceeds.

  • June 17, 2026

    Goodwin Steers Tripadvisor On $700M Sale Of TheFork

    Goodwin Procter LLP is advising Tripadvisor Inc. on its agreement to sell TheFork, an online restaurant reservation and management platform in Europe, to American Express for $700 million. 

Expert Analysis

  • 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.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 4 Ways To Help CBP Curb Shell Co. Import Schemes

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    Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.

  • Get Smart: Navigating The Genius Act's Regulatory Gaps

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    While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.

  • How Cos. Should Prepare For NY RAISE Act Compliance

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    With the New York Responsible AI Safety and Education Act taking effect March 19, state regulators will expect subject artificial intelligence governance policies to understand whether appropriate safeguards and protocols are in place to prevent or mitigate discriminatory or adverse outcomes by frontier models, says Michael Paulino at Gordon Rees.

  • Compliance Takeaways Amid Increased Auto Finance Scrutiny

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    Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • 5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp

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    The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Why The NCUA's Stablecoin Moment Matters

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    The National Credit Union Administration, a historically conservative federal agency, recently proposed a detailed stablecoin licensing framework, confirming that the proposition of building a regulatory architecture within the banking industry has moved well past "whether" and firmly into "how," says Stephen Aschettino at Fox Rothschild.

  • Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal

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    In Illinois Bankers Association v. Raoul, an Illinois federal court upheld the state's ban on credit and debit card swipe fees on tax and tip payments, while permanently enjoining the statute's data usage limitation, but an imminent appeal could significantly influence the trajectory of state-level payments regulation, say attorneys at Latham.

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