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Banking
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January 07, 2026
Russia, Ukraine Bank Dispute Issue-Preclusion Language
Russia and a Ukrainian bank, in their yearslong dispute over enforcement of a $1.1 billion arbitral award, are now butting heads over phrasing a D.C. federal judge should use to ask the United States when a U.S. court should stop parties from relitigating an issue.
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January 07, 2026
JPMorgan Unit To Use AI Tool Over Proxy Advisory Firms
JPMorgan Chase's asset management arm has eliminated its reliance on outside advisory firms for data collection and proxy voting recommendations and will instead use an in-house, artificial intelligence-powered tool to aggregate and analyze data from U.S. corporate meetings.
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January 07, 2026
Trump Family-Tied Stablecoin Co. Seeks Bank Charter
The Trump family-tied crypto company World Liberty Financial said Wednesday that it's filed an application with the Office of the Comptroller of the Currency to become a national trust bank as it looks to expand its stablecoin business, drawing the ire of one lawmaker, who called the application a conflict of interest.
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January 07, 2026
Calif. Mortgage Co. Beats Whistleblower Suit Over PPP Loans
A residential mortgage lender has shed a False Claims Act suit alleging it obtained Paycheck Protection Program loans it was ineligible for, though a California federal judge gave the would-be whistleblower a chance to revise its claims.
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January 07, 2026
2 European Fintechs Seek OCC Bank Charters
Two European fintechs are seeking sign-offs from the Office of the Comptroller of the Currency to set up U.S. banks, including a firm planning to issue its own stablecoin.
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January 07, 2026
Tricolor Ex-CEO Must Take Questions At Creditor Meeting
A Texas bankruptcy judge on Wednesday said the former chief executive of bankrupt subprime car loan lender Tricolor Holdings will have to appear at a creditor meeting despite his argument that he won't be able to answer questions without incriminating himself in his fraud trial.
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January 07, 2026
Ex-TD Bank Employee Cops To Aiding Money Laundering
A former TD Bank assistant store manager has copped to a single money laundering conspiracy charge in connection with New Jersey federal prosecutors' claims that he took bribes to aid a money laundering network that ultimately moved $474 million through the bank.
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January 07, 2026
First Brands' Ex-Execs Can Tap Only Some D&O Coverage
A Texas bankruptcy judge Wednesday allowed former First Brands executives to access about half of the company's directors and officers insurance to help pay for their legal fees as they face misconduct claims, ruling that the remainder of the proceeds are property of the car parts maker's bankruptcy estate.
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January 07, 2026
Incora Minority Noteholders To Appeal 'Uptier' Loss
Minority noteholders that lost collateral rights in a 2022 financing deal at aircraft parts supplier Incora will appeal a decision by a Texas federal judge that had upheld the debt exchange, according to a notice filed Tuesday.
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January 07, 2026
Block Inc., Dorsey Must Face Suits Over Compliance Claims
A California federal judge has ruled that the parent company of Square and Cash App, Block Inc., and its officers and directors must face claims of compliance failures in a class action and separate derivative suit, finding, among other things, that the derivative suit adequately pleads that Block's board failed to properly oversee the company's compliance program.
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January 07, 2026
Reckless Conduct Can Be Willful FBAR Failure, 2nd Circ. Says
The standard for willful failure to report foreign bank accounts includes reckless conduct, and a 6% late payment penalty is mandatory for a couple who neglected fines for stashing millions in an undisclosed Swiss account, the Second Circuit said Wednesday, upholding a lower court's judgment.
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January 07, 2026
KeyBank Will Pay $7.7M To Resolve Branch Manager's Fraud
KeyBank National Association has agreed to pay more than $7.7 million to settle allegations it violated the False Claims Act by submitting forgiveness requests for dozens of Paycheck Protection Program loans that one of its branch managers helped fraudulently obtain, federal prosecutors announced Wednesday.
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January 07, 2026
Jones Day Adds Ex-SEC Deputy Enforcement Director In Ga.
Jones Day has added to its Atlanta investigations and white collar defense practice a former deputy enforcement director of the U.S. Securities and Exchange Commission, the firm announced on Wednesday.
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January 07, 2026
Binance Taps Ex-SEC, Coinbase Atty To Head Global Litigation
Binance has brought on a former senior Coinbase lawyer and veteran U.S. Securities and Exchange Commission enforcement attorney to serve as its global head of litigation.
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January 07, 2026
BNP Can't Undo $21M Verdict In Sudan Refugee Case
A Manhattan federal judge granted final judgment Wednesday against BNP Paribas for its alleged role bankrolling atrocities against plaintiffs who fled Sudan amid human rights abuses, declining to trim a $21 million bellwether verdict.
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January 07, 2026
Kirkland-Led Warburg Pincus Clinches $3B Financial Fund
Kirkland & Ellis LLP-advised private equity giant Warburg Pincus announced Wednesday it closed its third financial sector fund with $3 billion in tow.
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January 06, 2026
Fed Circ. Skeptical Of Ex-Wells Fargo Rep's Whistleblower Suit
A panel of Federal Circuit judges Tuesday appeared skeptical of a purported whistleblower's appeal in her case alleging she is entitled to a portion of Wells Fargo's more than $2 billion payout over claims the bank misled investors about its residential mortgage-backed securities ahead of the financial crisis.
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January 06, 2026
Law Clerk Conflict Talk Can't Get Javice Retrial, Feds Say
Charlie Javice, the founder of defunct student loan startup Frank, should not get a new trial over charges that she defrauded JPMorgan, which acquired her company, simply because two clerks who worked on the trial had accepted offers from a law firm involved in the litigation, federal prosecutors have argued.
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January 06, 2026
Vectra Bank Claims Lending Co. Owes $4.5M
Vectra Bank has accused a Colorado-based commercial finance company and two related business entities in state court of defaulting on a $6.5 million loan and said they now owe the bank more than $4.5 million.
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January 06, 2026
BofA Faces Customer Suit Over Post-Jan. 6 'Surveillance'
Bank of America was hit with a putative class action accusing it of financial privacy violations tied to the aftermath of the Jan. 6, 2021, U.S. Capitol attack, alleging the bank aggressively mined and illegally shared customer data with authorities looking for leads.
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January 06, 2026
Envestnet Trade Secrets Suit Cleared For Trial
A Delaware federal judge has cleared the way for a long-running fintech trade secrets case to proceed toward trial, overruling defense objections to spoliation findings and holding that a jury may infer that destroyed electronic evidence would have been unfavorable to Envestnet Inc. and its former subsidiary Yodlee Inc.
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January 06, 2026
5th Circ. Mulls If ERISA Claims Are Subject To Arbitration Clause
A Fifth Circuit panel wanted a former employee at International Bancshares Corp. to explain how his benefits class action could evade an arbitration clause adopted by the plan that he never consented to, saying Tuesday that other courts seemingly have not adopted a theory that would allow that.
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January 06, 2026
PrimaLend Gets OK For Ch. 11 Plan Vote, Bid Procedures
Subprime lender PrimaLend Capital Partners LP on Tuesday received a Texas bankruptcy judge's approval of its request to take votes on a Chapter 11 plan and bidding procedures for an asset sale.
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January 06, 2026
4th Circ. Asked To Revive Experian Credit Investigation Suit
Experian Information Solutions Inc. violated its statutory duty by failing to reinvestigate and later approving a clearly erroneous credit report that resulted in a refused mortgage application, the report's subject told the Fourth Circuit in an attempt to revive his class action lawsuit.
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January 06, 2026
Ill. Judge Trims Most Of Walgreens Shareholder Suit
An Illinois federal judge on Monday dismissed most claims in a lawsuit alleging Walgreens inflated share prices by concealing the lack of viability of its pharmacy division and primary care investment, warning shareholders not to "waste judicial resources" in amending their allegations by claiming straightforward statements are misleading "absent a coherent argument as to why."
Expert Analysis
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Series
Playing Softball Makes Me A Better Lawyer
My time on the softball field has taught me lessons that also apply to success in legal work — on effective preparation, flexibility, communication and teamwork, says Sarah Abrams at Baleen Specialty.
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Analyzing AI's Evolving Role In Class Action Claims Admin
Artificial intelligence is becoming a strategic asset in the hands of skilled litigators, reshaping everything from class certification strategy to claims analysis — and now, the nuts and bolts of settlement administration, with synthetic fraud, algorithmic review and ethical tension emerging as central concerns, says Dominique Fite at CPT Group.
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11th Circ.'s FCRA Standing Ruling Offers Compliance Lessons
The Eleventh Circuit's recent decision in Nelson v. Experian on establishing Article III standing under the Fair Credit Reporting Act should prompt businesses to survey FCRA compliance programs, review open matters for standing defenses and refresh training materials, say attorneys at Nixon Peabody.
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Series
Law School's Missed Lessons: Mastering Time Management
Law students typically have weeks or months to prepare for any given deadline, but the unpredictability of practicing in the real world means that lawyers must become time-management pros, ready to adapt to scheduling conflicts and unexpected assignments at any given moment, says David Thomas at Honigman.
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How Prohibiting Trigger Leads May Affect Mortgage Marketing
Recent amendments to the Fair Credit Reporting Act prohibiting the sale of trigger leads mark a significant shift in the regulatory landscape for mortgage lenders, third-party lead generators and their legal counsel, who should reevaluate lead generation strategies and compliance protocols, say Joel Herberman, Rob Robilliard and Leah Dempsey at Brownstein Hyatt.
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How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
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Pemex Bribery Charges Provide Glimpse Into FCPA Evolution
A recently unsealed indictment against two Mexican nationals for allegedly bribing officials at Pemex, Mexico’s state-owned oil company, reveals that Foreign Corrupt Practices Act enforcement is adapting to new priorities, but still remains active, and compliance programs should continue apace, say attorneys at Crowell & Moring.
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CFPB Proposal Defining Consumer Risk May Add Uncertainty
Though a recent Consumer Financial Protection Bureau proposal would codify when risks to consumers justify supervisory intervention against nonbanks, furthering Trump administration plans to curtail CFPB authority, firms may still struggle to identify what could attract supervisory designation under the new rule, say attorneys at Steptoe.
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Key Points From DOJ's New DeFi Enforcement Outline
Recent remarks by the U.S. Department of Justice's Criminal Division head Matthew Galeotti reveal several issues that the decentralized finance industry should address in order to minimize risk, including developers' role in evaluating protocols and the importance of illicit finance risk assessments, says Drew Rolle at Alston & Bird.
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Earned Wage Access Providers Face State Law Labyrinth
At least 12 states have established laws or rules regulating services that allow employees to access earned wages before payday, with more laws potentially to follow suit, creating an evolving state licensing maze even for fintech providers that partner with banks, say attorneys at Venable.
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Series
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
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Genius Act Poses Strategic Hurdles For Community Banks
The pace of change in digital asset policy, including the recent arrival of the Genius Act, suggests that strategic planning should be a near-term priority for community banks, with careful attention to customer relationships, regulatory developments and the local communities they serve, say attorneys at Jones Walker.
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Series
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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Considerations For Cos. Amid Wave Of CFPB Vacatur Bids
As some entities look to vacate prior voluntary agreements with the Consumer Financial Protection Bureau, there are several considerations companies should take into account before seeking to vacate their settlements in the current legal and regulatory environment, says Jasmine Jean-Louis at Goodwin.
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Rebutting Price Impact In Securities Class Actions
Defendants litigating securities cases historically faced long odds in defeating class certification, but that paradigm has recently begun to shift, with recent cases ushering in a more searching analysis of price impact and changing the evidence courts can consider at the class certification stage, say attorneys at Katten.