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Banking
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April 06, 2026
Justices Want Feds' Views On Ruby Tuesday Benefits Dispute
The U.S. Supreme Court asked for the federal government Monday to weigh in on a dispute from ex-managers at restaurant chain Ruby Tuesday alleging Regions Bank lost them $35 million in retirement plan benefits that were liquidated in bankruptcy.
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April 03, 2026
Judge Sets Interest Rules In $540M BofA Payment Fight
A D.C. federal judge said Bank of America NA must pay interest on a $540 million debt it owes the Federal Deposit Insurance Corp. based on a government-set rate for the time before the ruling and a standard federal rate for the time after, marking a step toward settling the parties' dispute on the proper formulas for calculating the payments.
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April 03, 2026
Long Island Investment Adviser Cops To $160M Fraud
A Long Island, New York, man admitted Friday to defrauding clients out of $160 million by hiding conflicts of interest and falsely claiming their investments in various private equity funds were safe and low-risk.
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April 03, 2026
3rd Circ. Preview: Arbitration Limits, Power Plant Safety
The Third Circuit in April is set to examine the limits of an arbitrator's authority to change awards once they've been made, potentially defining the restraints of commercial arbitration rules and when rulings can be revisited.
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April 03, 2026
Ameriprise To Pay $1.4M Over Annuity Supervision Claims
Ameriprise Financial Services LLC has agreed to pay nearly $1 million in restitution and a $450,000 fine to end allegations from the Financial Industry Regulatory Authority that the Minneapolis-based firm failed to properly supervise recommendations of certain variable annuity exchanges.
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April 03, 2026
Plaid Beats Fintech Patent Suit With Alice Finding
A Utah federal judge has dismissed a patent infringement suit against financial services firm Plaid Inc., ruling that the asserted patent covering authentication processes for third-party transactions was directed to an abstract subject matter.
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April 03, 2026
Cross River Bank Beats Suit Over Alleged Solar Loan Scheme
New Jersey-based Cross River Bank has, for now, escaped a proposed class action from an investor in solar technology company Sunlight Financial who accused the bank of overlending to risky borrowers in Sunlight's solar loan program as its financial partner.
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April 03, 2026
Judge Stands By Block Of DOJ Subpoenas In Powell Probe
A Washington, D.C., federal judge on Friday rejected a U.S. Department of Justice attempt to revive subpoenas from its investigation into Federal Reserve Chair Jerome Powell, saying the government hadn't "come close" to giving him a reason to rethink blocking them.
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April 03, 2026
Special Master Sought In Ex-Commanders Partner's BofA Suit
A Florida federal magistrate judge said Friday she will appoint a special master to review documents withheld by a former Washington Commanders minority owner in his dispute with Bank of America, after her own review revealed nonprivileged documents.
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April 03, 2026
DOJ's New Corporate Enforcement Policy May Eclipse SDNY's
The U.S. Department of Justice has put to use for the first time its new corporate enforcement policy of declining prosecutions when companies self-report potential criminal violations, but experts say the new, department-wide initiative has rendered a more business-friendly approach by the Southern District of New York moot.
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April 03, 2026
Law360 Announces The Members Of Its 2026 Editorial Boards
Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.
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April 03, 2026
Sanctioned Ex-Broker Pushes To Keep IRS Records Suit Alive
The IRS should not be allowed to withhold records of its investigation into an ex-broker sanctioned by the Financial Industry Regulatory Authority for hiding $1.7 million in tax liens, he told a North Carolina federal court Friday, urging it to let his case against the tax agency proceed.
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April 03, 2026
Mortgage Co. In Settlement Talks On NC Phone-Pay Fee Suit
A certified class of North Carolina borrowers are working to settle claims over excessive fees charged by their mortgage servicer for paying bills by phone, with a judge agreeing to a stay in the case.
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April 02, 2026
Ex-Centerview Banker Inks DPA To End Insider Trading Case
A former Centerview Partners investment banker on Thursday secured a deferred prosecution agreement with Manhattan federal prosecutors that will likely resolve her U.S. legal troubles stemming from her alleged role in a global insider trading ring that made tens of millions of dollars in illicit profits.
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April 02, 2026
Ex-Rabobank Officer Pushes OCC Again For $4M In Fee Fight
Attorneys of a former Rabobank compliance officer told the Ninth Circuit that the Office of the Comptroller of the Currency should not be allowed to abandon a "ruinous" failed enforcement action without paying $4 million to cover the fees and expenses incurred during the litigation.
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April 02, 2026
Treasury Proposes State Stablecoin Rules Meet OCC Standard
The U.S. Department of the Treasury is seeking public feedback on a proposal that would counsel states to ensure their stablecoin regulatory regimes implement much of the Office of the Comptroller of the Currency's coming federal rules for issuers of the stable-value tokens.
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April 02, 2026
10th Circ. Agrees To Rehear Colo. Opt-Out Interest Rate Suit
The Tenth Circuit agreed Thursday to rehear en banc banking groups' request for the court to take another look at their challenge to a Colorado law intended to curb high-cost lending in the state, vacating a November ruling that restored the law.
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April 02, 2026
FCC Seeks $4.5M Fine Against Fla. Provider Over Robocalls
The Federal Communications Commission demanded an Orlando-based voice service provider shell out $4.5 million for allowing into U.S. networks foreign robocall traffic that appeared to spoof legitimate bank numbers.
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April 02, 2026
Morgan Stanley Boots VP's Sex Bias Suit To Arbitration
A New York federal judge kicked a Black Morgan Stanley executive's race and gender bias suit to arbitration, ruling she couldn't invoke a law that blocks out-of-court resolutions for sexual misconduct disputes because the general mistreatment she allegedly faced didn't amount to sexual harassment.
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April 02, 2026
Fla. Homeowner Says Loan Scam Stripped Homestead Rights
A Miami homeowner accused a lender in Florida state court of running a "predatory" lending scheme that led to him losing homestead protections and then losing his property in a foreclosure sale.
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April 02, 2026
Judge Keeps IRS, Booz Allen In Lawsuit Over Tax Data Leak
A class action against the federal government and contractor Booz Allen Hamilton seeking to hold them accountable for the unauthorized disclosure of a trove of wealthy people's tax returns by a worker on the job with the IRS can move forward, a Maryland federal judge said.
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April 02, 2026
Coinbase Gets OCC's Nod For National Trust Charter
Coinbase said Thursday that it has received the Office of the Comptroller of the Currency's conditional approval to charter a national trust bank, a move that would position the crypto giant to broaden its business offerings under federal oversight.
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April 02, 2026
Ownership Limbo Spurs Stay Bid In $380M PetroSaudi Fight
A PetroSaudi unit has urged a California federal court to continue its stay in litigation by the U.S. government over a $380 million arbitral award purportedly tied to funds embezzled from Malaysia, saying company control remains in limbo in the Cayman Islands and Barbados.
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April 02, 2026
Texas Capital Bank Faces Stiff Questions At 5th Circ.
Texas Capital Bank faced tough questions from a Fifth Circuit panel in its bid to reverse a lower court's decision in favor of Ginnie Mae that extinguished TCB's lien on reverse mortgage assets, with one judge saying Thursday that the government has "the power under the statute."
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April 02, 2026
5th Circ. Rejects Stanford's Bid To Overturn $6.8B SEC Win
A Fifth Circuit panel affirmed a lower court judgment requiring convicted Ponzi schemer Robert Allen Stanford to fork over $6.76 billion to the U.S. Securities and Exchange Commission in its 16-year-old suit over Stanford's $7 billion fraud scheme, finding that he failed to properly raise many of his arguments during the summary judgment stage.
Expert Analysis
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Series
Coaching Soccer Makes Me A Better Lawyer
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.
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What Texas Anti-Boycott Ruling Means For ESG Landscape
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.
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How To Wield The Clarity Act As A Litigation Defense Tool
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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Series
Law School's Missed Lessons: The Human Element
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.
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4 Ways To Help CBP Curb Shell Co. Import Schemes
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.
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Get Smart: Navigating The Genius Act's Regulatory Gaps
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.
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How Cos. Should Prepare For NY RAISE Act Compliance
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.
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Compliance Takeaways Amid Increased Auto Finance Scrutiny
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.
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The Benefits Of Choosing A Niche Practice In The AI Age
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.
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The Practical Implications Of New FDIC Stablecoin Measures
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.
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5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp
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.
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What The CFTC's Event Contracts Amicus Brief Is Missing
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.
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Series
Podcasting Makes Me A Better Lawyer
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.
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Why The NCUA's Stablecoin Moment Matters
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.
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Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal
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.