CFPB Shifts Focus To Debanking, Intentional Discrimination

By Katryna Perera

To align with objections set by the Trump administration, the Consumer Financial Protection Bureau is turning its attention to "debanking" moving forward and has closed all open investigations that were based on disparate impact liability or unintentional discrimination.

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OCC Wants 'Heightened Standards' Only For Biggest Banks

By Sarah Jarvis

The Office of the Comptroller of the Currency on Tuesday said it is moving to amend its heightened standards guidelines for insured national banks to decrease the number of lenders subject to the toughest standards from 38 to eight.

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OCC Wants To Preempt State Mortgage Escrow Interest Laws

By Hailey Konnath

The Office of the Comptroller of the Currency has unveiled a pair of proposals aiming to, among other things, preempt state laws requiring banks it regulates to make interest payments for escrow accounts connected to certain types of residential mortgage loans, calling it a "critical tool for reducing unnecessary burden."

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CFPB Says Earned Wage Access Products Aren't Loans

By Sarah Jarvis

The Consumer Financial Protection Bureau has determined that "earned wage access" products are generally not considered credit covered by the Truth in Lending Act, while withdrawing a Biden-era proposed interpretive rule that would have identified all such products as credit.

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Conn. Judge Halts Deutsche Bank's Norway Suit Against Viks

By Katryna Perera

A Connecticut state judge has granted a temporary injunction blocking Deutsche Bank AG from pursuing a lawsuit against billionaire Alexander Vik and his daughter in Norway, and separately struck the Viks' claim for a broader injunction to prevent Deutsche Bank from suing them again over a judgment in an English court.

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Trump Admin Beats Chamber Suit Over $100K H-1B Visa Fee

By Rae Ann Varona

A Washington, D.C., federal judge on Tuesday refused to block the Trump administration's new $100,000 H-1B visa fee, ruling in the U.S. Chamber of Commerce's lawsuit challenging the fee that President Donald Trump has "broad authority" to restrict noncitizens' entry.

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Federal Agencies Urge 9th Circ. To Lift Layoff Freeze

By Braden Campbell

The U.S. government urged the Ninth Circuit to stay a court order barring agencies from laying off workers through next month under the shutdown deal, saying the court intruded on federal labor panels' territory and the funding resolution didn't bar layoffs agencies had in the works.

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Klarna Faces Investor Alleging IPO Risk Misrepresentations

By Sydney Price

Klarna Group PLC has been hit with a proposed class action from an investor alleging the payments company damaged shareholders by failing to disclose the risks of its "buy now, pay later" loans typically issued to financially insecure consumers ahead of its initial public offering earlier this year.

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Feature

Notable Pennsylvania Legislation Of 2025

By Matthew Santoni

Pennsylvania's much-delayed 2025 budget bill contained some big public-policy changes like ending a carbon cap-and-trade program, offering an $800 income tax credit and providing stopgap funding for mass transit, even as its domination of the state Legislature's time prevented much else from passing, attorneys told Law360 in reviewing major laws that passed in the last year.

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Greenberg Traurig-Led Silicon Valley SPAC Raises $200M

By Jade Martinez-Pogue

Special purpose acquisition company Silicon Valley Acquisition Corp. began trading publicly on Tuesday after raising $200 million in its initial public offering, with plans to pursue an acquisition of a company undergoing "structural transformation."

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Rent-To-Own Co. FlexShopper Hits Ch. 11 After Fraud Claims

By Alex Wittenberg

FlexShopper, a company offering lease-to-own services for appliances and electronics, has filed for Chapter 11 protection in the Delaware bankruptcy court, listing more than $100 million in debt and alleging its former CEO used forged documents to secure financing for the firm before its collapse.

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3 Key Trends For The Legal Industry In 2025

By Tracey Read

Executive orders, updated office attendance policies and private equity interests were three top issues that shaped the industry this year.

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ITC Atty's 1st Kids' Book Imagines A Santa-Less Christmas

By Dani Kass

Michelle Klancnik, assistant general counsel at the U.S. International Trade Commission, spends her days looking into when imports should be banned for violating intellectual property rights, but outside work, she​'s focused on one big question: What would happen if Santa took a year off?

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Ex-Oura CEO Pushes To DQ Quinn Emanuel In Firing Suit

By Emily Sawicki

The onetime CEO of fitness tracker company Oura Health is pushing to disqualify Quinn Emanuel from representing the smart ring maker in his compensation suit, telling a San Francisco federal judge that he shared confidential information when he consulted with the firm about his claims prior to filing suit.

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NYC Bar Issues Opinion On AI Use For Recording Client Calls

By Tracey Read

The New York City Bar Association's Professional Ethics Committee has issued an opinion addressing how the New York Rules of Professional Conduct impacts the use of artificial intelligence tools to record, transcribe and create summaries of conversations in audio and video calls between attorneys and their clients.

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Ex-DOJ Employees Fight Gov't Bid To Toss Their Firing Suit

By Bonnie Eslinger

An ex-assistant U.S. attorney and two other former Justice Department employees urged a Washington, D.C., federal court on Tuesday to deny the government's motion to dismiss their lawsuit claiming they were unlawfully fired, arguing an internal government employment board isn't appropriate for their cases and is controlled by President Donald Trump.

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Top Delaware Chancery Cases Of 2025: A Year-End Report

By Jarek Rutz

The Delaware Chancery Court closed out 2025 amid a period of institutional uncertainty, as landmark cases addressing fiduciary duty, executive compensation, board oversight and the limits of equitable power unfolded against the backdrop of sweeping legislative changes to the Delaware General Corporation Law.

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Hub Hires: Cooley, Morgan Lewis, Nixon Peabody

By Chris Villani

The end of the year marked the beginning of new chapters for plenty of Boston attorneys, as Cooley added more than 30 professionals to its life sciences team, Morgan Lewis snagged an intellectual property partner, and Nixon Peabody beefed up its cybersecurity practice.

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