CFPB Eyes Credit-Card Late Fees For Possible Rulemaking

By Jon Hill

The Consumer Financial Protection Bureau is readying a request for information on credit-card late fees, signaling a renewed look at an affordability issue that the agency's Biden-era $8 fee cap sought to address before banking industry opposition helped sink it in court.

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Sony Bank's Crypto Charter Bid Clears 1st OCC Hurdle

By Aislinn Keely

Sony's online banking unit is a step closer to setting up a crypto-focused U.S. trust company with a preliminary conditional charter from the Office of the Comptroller of the Currency.

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McCarter Atty's Work 'Fell Short' In $20M Deals, Judge Told

By Brian Steele

McCarter & English LLP and one of its Connecticut attorneys failed to uphold the applicable standard of care when advising insurers on $20 million worth of loan transactions that ultimately fell apart because the borrower stopped paying, an expert witness told a Connecticut state court on Tuesday.

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AmEx Escapes Rewards Program Patent Suit For Good

By Elliot Weld

A New York federal judge has permanently dismissed a lawsuit accusing American Express of infringing patents covering loyalty and rewards programs, saying an amended complaint had still not cured the issues the court identified in a previous ruling.

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Equifax Is Buying Círculo De Crédito In $750M Deal

By Al Barbarino

Credit reporting company Equifax said Tuesday it has agreed to acquire Mexican credit bureau Círculo de Crédito for an enterprise value of $750 million, expanding its presence in one of Latin America's fastest-growing credit markets. 

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Pryor Cashman Adds Simpson Thacher Atty To Litigation Team

By Andrea Keckley

Pryor Cashman LLP said Tuesday it has continued growing its litigation group with a longtime Simpson Thacher & Bartlett LLP lawyer, who has represented "some of the most prominent names in private equity and finance," the firm said.

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What Ex-CFPB Head's Calif. Role May Foretell For Oversight

California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

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Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

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Quantum Readiness May Paradoxically Raise Contractor Risk

The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

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Why SEC Climate Rule Rescission Wouldn't End Disclosure

If the U.S. Securities and Exchange Commission's recent proposal to rescind its 2024 climate-related disclosure rules is adopted, companies would no longer need to prepare for the rules' specific governance, emissions, attestation, financial statement and tagging requirements, but several important constraints would remain, say attorneys at Venable.

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Ohio Fuels Litigation Funding Debate As Foreign Ban Is Enacted

By Ryan Boysen

Ohio has enacted a sweeping law that bans all foreign litigation funders from doing business in the Buckeye State, drawing praise from the U.S. Chamber of Commerce and outrage from the litigation finance industry.

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ABA Seeks Trump Docs In Suit Alleging Law Firm Intimidation

By Emily Sawicki

The Trump administration cannot rely on the presidential communications privilege to block disclosure of communications related to allegations that the president sought to intimidate BigLaw firms into conforming with his policy initiatives, the American Bar Association told a D.C. federal judge.

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Trump's SDNY Pick Steps In As Clayton Focuses On DC

By Pete Brush

U.S. Attorney for the Southern District of New York Jay Clayton said Wednesday that President Donald Trump's pick to succeed him, James McDonald, will assume a leadership role as Clayton works on his own nomination for director of national intelligence in Washington.

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Judge Says Warning 'Sufficient Deterrent,' Nixing AI Sanctions

By Emily Sawicki

A Kentucky federal judge has declined to sanction two attorneys who filed a brief that included errors generated by artificial intelligence amid a fraud case against a notary public, finding the lawyers had no history of misconduct and had shown sufficient remorse.

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Wis. Judge Avoids Prison Time In ICE Obstruction Sentence

By Nate Beck

A former Wisconsin state judge on Wednesday was fined $5,000 but will not serve prison time for obstructing the U.S. Immigration and Customs Enforcement arrest of a defendant in her courtroom by directing him down a private hallway away from agents before he was later captured.

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Del. Judge Recuses Herself From Apollo $570M Payout Suit

By Katryna Perera

The Delaware vice chancellor presiding over litigation regarding a $570 million payout to Apollo Global Management Inc. insiders has disqualified herself from the case after a possible conflict of interest arose due to her former role as an attorney with Skadden Arps Slate Meagher & Flom LLP, which was involved in a merger with ties to the payout.

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Ga. Judge Rejects UPS Plaintiff's Bid To Force Recusal

By Madison Arnold

A Georgia federal judge reportedly disciplined for having sexual intercourse in her chambers and attending a political event has opted not to recuse herself in the case of a former UPS employee in his dismissed racial discrimination lawsuit.

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McCarter Trial Judge Has 'Serious Doubts' About NY Expert

By Brian Steele

The Hartford judge presiding over a $22.5 million lawsuit against McCarter & English LLP and a former partner said Wednesday he had "serious doubts" about allowing testimony from a defense expert, but let him proceed as long as he did not claim to interpret New York law.

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Morgan & Morgan Malpractice Fight Won't Get Another Review

By Kelcey Caulder

The Georgia Court of Appeals has rejected Morgan & Morgan PA's bid to challenge a trial court ruling denying the firm's summary judgment motion in a legal malpractice case brought against it by clients seeking representation in a personal injury action.

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Day Pitney Can't Be Cut Off From New Counsel, Client Says

By Aaron Keller

A former Connecticut chief justice's ethics gaffe cannot preclude fellow lawyers at Day Pitney LLP from communicating with new counsel for John B. Clinton, a private equity management firm owner locked in a 13-year-old, $1.3 million corporate windup lawsuit, Clinton has urged a Connecticut state court judge to conclude.

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