Banking

  • 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. 

  • June 16, 2026

    Capital One Clients Denied Class Cert. In Data Sharing Suit

    A California federal judge Tuesday refused to certify a class of Capital One customers claiming their personal financial information was illegally disclosed to Meta Platforms Inc., Google LLC and others, ruling that there are too many individualized factors at play.

  • June 16, 2026

    NJ Launches Push To Crack Down On Consumer 'Junk Fees'

    New Jersey officials are declaring war on "junk fees" in the state with tighter regulation and enforcement, the latest state-level move to step up consumer protection efforts amid the Trump administration's pullback at agencies like the Consumer Financial Protection Bureau.

  • June 16, 2026

    Citi Illegally Fired Risk Exec For Raising Issues, Suit Says

    Citigroup Inc. has been sued by a former senior risk management executive who alleged the bank fired her after she flagged risk deficiencies and identified problems with Citi's anti-money laundering risk management controls, and the bank has pushed back on her bid to proceed anonymously.

  • June 16, 2026

    Dems Press Treasury, DOJ On Binance Sanctions Compliance

    A group of Senate Democrats led by Adam Schiff, D-Calif., is pressing the U.S. Treasury Department and Justice Department for updates on the oversight of crypto exchange Binance in light of reports that the platform has facilitated Iranian sanctions evasion and maintains ties to members of the Trump administration.

  • June 16, 2026

    US Bank Tells 8th Circ. Flawed Expert Doomed Retirees' Suit

    U.S. Bancorp urged the Eighth Circuit to back its win over a lawsuit alleging it shortchanged workers who opted to retire early, asserting Tuesday that the trial court got it right when it nixed the retirees' expert opinion for utilizing abnormal actuarial methods.

  • June 16, 2026

    CFPB Scraps 'Outdated' Credit Access Program Guidelines

    The Consumer Financial Protection Bureau is withdrawing a 2020 advisory that gave lenders a road map for offering specially designed credit access programs for underserved communities, saying the guidance is "now outdated" after the agency's recent fair lending rule rollback.

  • June 16, 2026

    NC Man Must Pay $36K To End SEC's Suit Over 'Free-Riding'

    A U.S. Securities and Exchange Commission lawsuit accusing a North Carolina man of taking advantage of broker-dealer services to trade hundreds of thousands in securities despite not having the funds came to an end Monday in a final judgment after he failed to appear.

  • June 16, 2026

    Orrick Adds 4 Structured-Finance Partners In US And UK

    Orrick Herrington & Sutcliffe LLP has expanded its structured-finance team on both sides of the Atlantic by hiring four attorneys from Morrison & Foerster LLP, Mayer Brown LLP and McDermott Will & Schulte as partners, Orrick announced Tuesday.

  • June 16, 2026

    Restaurants Accused Of Flouting Credit Card Privacy Rule

    The operator of a group of upscale restaurants, including Abe & Louie's in Boston, violated a federal law by leaving 10 digits of customer credit card numbers visible on receipts, a proposed class action filed in Massachusetts state court alleges.

  • June 15, 2026

    6th Circ. Says Auto Mogul Must 'Pay Up' In Lengthy Loan Spat

    The Sixth Circuit on Monday upheld a $750 million judgment and a separate $20 million contempt ruling against the owner of an auto parts manufacturer in a 24-year-old fight over a defaulted loan, ruling that the mogul must "pay up."

  • June 15, 2026

    Lender Groups Sue Over Oregon's Federal Rate Opt-Out Law

    Lender trade groups sued Monday to block Oregon from capping the interest rates on loans made by out-of-state banks, opening a new front in industry litigation over whether states can use an obscure provision of federal law to curb higher-cost online lending to their residents.

  • June 15, 2026

    Funds Say TD Bank Must Fight Merger Suit In NJ State Court

    Hedge funds suing Toronto-based TD Bank over losses on their First Horizon investments, which were allegedly caused by statements TD Bank made about the likelihood of regulatory approval of the banks' merger, are battling to return their case to New Jersey state court, arguing their state-law-only claims offer no hook for federal jurisdiction.

  • June 15, 2026

    NY Attys Call Texas Firm's 'Copy-Paste' RICO Suits Abusive

    A New York law firm facing an insurance company's racketeering and fraud allegations took aim at the insurer's counsel, telling a federal court that the Texas law firm behind the allegations is abusing judicial resources with multiple identical lawsuits.

  • June 15, 2026

    GAO Urges FDIC To Rotate Examiners, Coordinate On Crypto

    A U.S. government watchdog said Monday that it's urging the Federal Deposit Insurance Corp. to redouble its efforts to adopt bank examiner rotation requirements and coordinate with other agencies on addressing blockchain risks.

  • June 15, 2026

    PE Giants Face Dem Scrutiny Over Data Center Investments

    U.S. Sen. Elizabeth Warren is seeking information from several major private equity firms about their involvement in artificial intelligence data center development and operations, saying the increasing number of data centers across the country is putting pressure on American families and driving up utility costs.

  • June 15, 2026

    FinCEN Says Banks May Exchange Fraud Alerts In 'Real Time'

    The U.S. Treasury Department's financial crime unit is moving to encourage greater industry collaboration against scams and fraud, issuing new guidance that clarifies banks can share real-time alerts and other, broader data with one another under a key liability safe harbor.

Expert Analysis

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
    Author Photo

    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • CFTC's No-Action Relief Fuels Energy Market Competition

    Author Photo

    The U.S. Commodity Futures Trading Commission recently launched a pilot program aimed at expanding access to energy markets, reflecting a shift toward supporting robust derivatives markets that balance regulatory safeguards with the needs of commodity end users, say attorneys at Moore & Van Allen.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

    Author Photo

    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • AI Is Changing The Game For Lenders' Vendor Governance

    Author Photo

    Recent guidance from Freddie Mac and the Treasury Department reinforces that expectations surrounding AI oversight are beginning to shape how mortgage lenders operationalize vendor governance, which is emerging as a critical compliance challenge for the decade ahead, says Alexandra Temple at Mitchell Sandler.

  • How Data Centers Can Prep For Legal Challenges Amid War

    Author Photo

    Amid conflict in the Middle East, data centers may now be exposed to state-level kinetic threats, creating significant legal, regulatory and contractual implications, so operators should update their legal and operational frameworks in order to withstand future disruptions and meet the regulator expectations, say attorneys at Baker Botts.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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

    Author Photo

    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.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Banking archive.