Banking

  • May 01, 2026

    Wells Fargo Customer Gets TransUnion Class Certified

    A Wells Fargo customer whose TransUnion LLC credit report kept showing a purportedly fraudulent transaction can now represent nearly 281,000 similarly situated people in a class action against the credit reporting agency, a Pennsylvania federal judge has ruled.

  • May 01, 2026

    UK Litigation Roundup: Here's What You Missed In London

    The past week in London has seen a Swiss energy trader bring a Financial List claim against shipping benchmarking company Baltic Exchange, law firm Slater and Gordon sued by a former client, Slack and Salesforce hit Microsoft with an antitrust claim, and Stephen Fry bring a personal injury claim after he broke bones falling off a stage. Here, Law360 looks at these and other new claims in the U.K.

  • May 01, 2026

    TD Bank Says 'Call Ready' Policy Didn't Force OT

    TD Bank asked a New Jersey federal court to toss a proposed collective action over its "call ready" policy, arguing the former call center worker who brought the suit failed to identify any workweek in which unpaid boot-up and shutdown time pushed her over the 40-hour overtime threshold.

  • April 30, 2026

    Senate Dems Press Lutnick On Stablecoin Co.'s Loan To Trust

    Sens. Elizabeth Warren, D-Mass., and Ron Wyden, D-Ore., on Thursday told Commerce Secretary Howard Lutnick and the CEO of El Salvador-based Tether that they want information about the stablecoin company's reported loan to a trust benefiting Lutnick's four children.

  • April 30, 2026

    Bank's Racketeering Claims Over €4M Award Will Proceed

    An Arizona federal judge Wednesday greenlit racketeering and fraud claims asserted by an Austrian bank as it looks to enforce a nearly €4 million ($4.7 million) arbitral award against a Mexican company that is accused of misrepresenting facts to secure an underlying loan and then scattering its assets.

  • April 30, 2026

    Ariz. Bank Hit With Fraud Suit Over Merger Terms

    A Chicago investment fund has accused an Arizona-based community bank of duping shareholders of an Illinois savings and loan company into approving the institutions' $90 million merger, saying the offering materials touted an unachievable payout for investors.

  • April 30, 2026

    Borrowers Seek NJ Mass Tort Status For Debt Buyer Suits

    Consumers challenging LVNV Funding LLC's attempts to collect their debts that they say are void under state law have applied to the New Jersey Supreme Court to centralize their suits as multicounty litigation.

  • April 30, 2026

    Trump Order Aims To Help More Workers Save For Retirement

    President Donald Trump signed an executive order Thursday aimed at expanding workers' access to a low-cost retirement plan via a new government website, touting a $1,000 federal contribution match available under authority that Congress provided in a 2022 retirement law, the Secure 2.0 Act.

  • April 30, 2026

    Revenue Jump Doesn't Bar $5M Worker Credit, Lender Says

    A mortgage lender still suffered from suspensions to its business during COVID-19 even if it saw an overall increase in revenue, it told a California federal court, pushing back on the U.S. government's attempt to block it from claiming a $5 million employee retention tax credit.

  • April 30, 2026

    6 Polsinelli Consumer Finance Pros Move To Hinshaw

    Six attorneys from Polsinelli PC have moved their consumer financial services practices to Hinshaw & Culbertson LLP, where they're helping the firm's clients in New York, Texas and Florida.

  • April 30, 2026

    BofA Denied Quick 4th Circ. Appeal In 401(k) Forfeiture Suit

    A North Carolina federal judge has turned down Bank of America Corp.'s request for a quick appeal of his order denying the bank's request for an early exit from a proposed class action alleging forfeitures were misspent from workers' 401(k) plans.

  • April 30, 2026

    NC Biz Court Bulletin: Corporate Raid, MV Realty Settlement

    A major case settled in the North Carolina Business Court in April as new lawsuits emerged, including a complaint by health information technology company IQVIA Holdings Inc. accusing its former top brass of orchestrating a corporate raid and defecting to a competitor. In case you missed this story and others, here are the highlights.

  • April 30, 2026

    McGuireWoods Adds Hunton Capital Markets Pros

    McGuireWoods has added two partners to its capital markets practice group from Hunton Andrews Kurth to help clients navigate financing transactions and other matters.

  • April 30, 2026

    CFPB Slashes Small-Biz Lender Reporting In Newly Final Rule

    The Consumer Financial Protection Bureau on Thursday finalized a major rollback of its Biden-era rule on small-business loan data collection, sharply narrowing the scope of financial institutions and activity subject to the statutorily mandated reporting regime.

  • April 29, 2026

    Judge Slams $68M DOJ Deal As He Ends Colony Ridge Suit

    A Texas federal judge formally closed a Biden-era lawsuit alleging reverse redlining in a Houston-area development after the U.S. Department of Justice reached a $68 million deal that he says is untethered to the complaint and risks harm to the people claimed to be affected.

  • April 29, 2026

    FTC Says Fla. Co. Destroyed Evidence In Fake ACA Suit

    A Florida federal judge postponed a preliminary injunction hearing Wednesday for a company accused by the Federal Trade Commission of selling $91 million of fake Affordable Care Act plans, but ordered two siblings connected to the scheme to explain why they allegedly destroyed evidence in violation of a temporary restraining order.

  • April 29, 2026

    Powell Says He'll Stay On Fed Board After Time As Chair Ends

    Federal Reserve Chair Jerome Powell said Wednesday that he won't immediately leave the central bank once his term ends next month and plans instead to remain on its board temporarily, pointing to the Trump administration's recent "legal attacks" on the institution.

  • April 29, 2026

    NY Says Crypto Co. To Pay $5M Over Fraud Promotion Claims

    Cryptocurrency platform operator Uphold HQ Inc. will pay $5 million to settle claims from the New York attorney general's office that it promoted now-bankrupt Cred Inc.'s fraudulent, high-risk crypto scheme for which Cred's former executives were sentenced to prison last year.

  • April 29, 2026

    Blue Owl Adviser Sued Over Alleged Fee Inflation

    A Blue Owl Capital Corp. investor is suing the lender's wholly owned investment adviser in New York federal court over allegations that the adviser inflated Blue Owl's assets in order to "extract windfall fees" from the firm.

  • April 29, 2026

    South African Investors Seek $2.3M From Disbarred Ga. Atty

    A group of South African investors who said their escrow funds were stolen by a now-disbarred Georgia lawyer has asked a federal judge to award them over $2.3 million in punitive damages atop the hundreds of thousands of dollars they allegedly lost to the attorney.

  • April 29, 2026

    Warsh's Fed Bid Moves Ahead After Powell Probe Is Shelved

    A U.S. Senate panel on Wednesday advanced President Donald Trump's pick of Kevin Warsh to lead the Federal Reserve, putting him on track for confirmation next month after a Republican holdout lifted his blockade tied to the now-dropped probe of current Fed Chair Jerome Powell.

  • April 28, 2026

    Celsius' Mashinsky Must Pay FTC $10M

    A Manhattan federal judge on Tuesday ordered Celsius Network's co-founder to pay $10 million to the U.S. Federal Trade Commission to settle litigation saying he misrepresented the cryptocurrency lender's practices and safety measures, and that she'd suspend a $4.7 billion judgment based on his cooperation with the government.

  • April 28, 2026

    Judge Grants Mortgage Broker Stock Sale Notice

    A Delaware bankruptcy judge on Tuesday allowed bankrupt home lending broker Impac Mortgage to continue to control the sale of its stock after hearing that millions of dollars in transactions took place despite an emergency order he entered Monday to restrict trading.

  • April 28, 2026

    Citizens Bank Owed $470K After Case Went 'Off The Rails'

    Pittsburgh-area construction firm Marco Contractors Inc. must pay Citizens Bank approximately $470,000 in sanctions to remedy the harm the contractor caused by deleting emails that were key to its claims that the bank should have caught an $8.7 million embezzlement scheme, a Pennsylvania federal court ruled alongside an order tossing the litigation. 

  • April 28, 2026

    OCC Gives Banking Charter Nod To Fintech Co. For Startups

    Financial technology company Mercury, with Skadden attorneys as its counsel, said Tuesday it received conditional approval from the Office of the Comptroller of the Currency to set up a national bank that will allow Mercury to expand the financial tools it provides to founders and their startups.

Expert Analysis

  • How Securities Class Action Deals Fare After Prelim Approval

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    An analysis of Institutional Shareholder Services data from the last 10 years shows that preliminarily approved class action settlements are unlikely to be denied in the final-approval stage, while procedural delays are more common than withdrawal or termination, says Rahul Chhabra at Charles River Associates.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Next Steps For Fair Housing Enforcement As HUD Backs Out

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    A soon-to-be-finalized U.S. Department of Housing and Urban Development rule, which would hand responsibility for determining disparate impact liability under the Fair Housing Act to the courts, reinforces the Trump administration’s wider rollback of fair lending enforcement, yet there are reasons to expect litigation challenging this change, say attorneys at Spencer Fane.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • Venezuela Legal Shifts May Create Investment Opportunities

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    Since the removal of President Nicolás Maduro, Venezuela has shown signs of economic liberalization, particularly in the oil and mining sectors, presenting unique — but still high-risk — investment opportunities for U.S. companies, say attorneys at Haynes Boone.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Bipartisan Enforcement Is Rising In Consumer Finance

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    Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

  • Ramped Up Psychedelic Production Carries Opportunity, Risk

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    Kimberly Chew at Husch Blackwell discusses the key legal implications of the U.S. Drug Enforcement Administration's recent dramatic increases in the production quotas for a range of psychedelic substances, offering guidance on compliance, risk management and strategic opportunities for practitioners navigating this rapidly evolving landscape.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Takeaways From The DOJ Fraud Section's 2025 Year In Review

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    Former acting Principal Deputy Chief Sean Tonolli of the U.S. Department of Justice's Fraud Section, now at Cahill Gordon, analyzes key findings from the section’s annual report — including the changes implemented to adapt to the new administration’s priorities — and lays out what to watch for this year.

  • What An Uptick In Shareholder Activism Means For Banking

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    With increasing bank M&A activity, activists are becoming more focused on larger banking institutions, but there are ways banks can begin to prepare in case they need to defend against activist campaigns, say attorneys at Debevoise.

  • Can OCC State Banking Law Preemption Survive The Courts?

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    While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.

  • How Selig May Approach CFTC Agricultural Enforcement

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    As the U.S. Commodity Futures Trading Commission begins a new chapter under recently confirmed Chairman Michael Selig's leadership, a look back at the agency's actions in agricultural markets over the past six years sheds light on what may lie ahead for enforcement in the area, say attorneys at Latham.

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