Banking

  • April 20, 2026

    Justices Won't Hear 1st Circ. Escrow Law Preemption Case

    The U.S. Supreme Court said Monday that it will not review a First Circuit decision allowing Citizens Bank NA to be sued for allegedly failing to comply with a Rhode Island interest-on-escrow law, declining to wade again into a fight over national bank preemption.

  • April 17, 2026

    Oschadbank Kicks Off New Russia Claim Over Lost Assets

    One of Ukraine's largest banks has made good on its threat to pursue a second investment treaty claim against Russia over the loss of "substantial" assets and operations near Ukraine's western border.

  • April 17, 2026

    4 Firms Lead Kraken's $550M Buy Of Crypto Derivatives Biz

    Four firms including Haynes Boone and Jones Day guided Kraken's $550 million acquisition of regulated crypto derivatives exchange Bitnomial, according to a Friday announcement from Kraken.

  • April 17, 2026

    Ky. Men Take Plea In $3.3M Bogus Credit Line Fraud

    A pair of Kentucky men have agreed to plead guilty in Illinois federal court to wire fraud for running a yearslong scheme that prosecutors say tricked about 60 borrowers, lenders and investors into handing over at least $11.8 million through fake loan programs and supposed investments.

  • April 17, 2026

    Tycoon's 'Unclean Hands' Defense Fails In $5.4M Foreclosure

    A Connecticut state judge has ordered the strict foreclosure of a Greenwich mansion that exiled Russian media tycoon Vladimir Gusinski purchased through an arm of his company, New Media Holdings LLC, capping a six-year-old lawsuit by a bank and its successor surrounding $4.94 million loans.

  • April 17, 2026

    AI Co. Execs Faked Customers For Fraud Scheme, Feds Say

    The former chief executive officer and former chief financial officer of a bankrupt artificial intelligence firm were indicted in Brooklyn Friday on charges that they defrauded investors and banks by lying about having customers in order to inflate company earnings to the tune of hundreds of millions of dollars.

  • April 17, 2026

    CFPB Could Soon Issue Overhauled Small-Biz Loan Data Rule

    The Consumer Financial Protection Bureau is awaiting White House clearance to publish a final rule that would complete its revamp of small-business lender reporting requirements issued during the Biden administration, according to a new regulatory notice.

  • April 17, 2026

    4th Circ. Says Merrill Bonus Plan Exempt From ERISA

    The Fourth Circuit on Friday refused to revive an ex-Merrill financial adviser's proposed class action claiming he was shorted deferred compensation, backing a lower court's holding that the retention bonuses at issue were exempt from federal benefits law.

  • April 17, 2026

    BofA, Ex-Workers Get OK For Boot-Up Time Deal

    A North Carolina federal judge has approved a settlement resolving a wage suit alleging that Bank of America Corp. failed to pay workers for time spent booting up and shutting down their computers before and after their shifts.

  • April 16, 2026

    MoneyLion Hit With Wash. Class Action Over Referral Texts

    A program from fintech platform MoneyLion encouraging users to refer friends to the service has flooded Washington residents with unsolicited text messages in violation of the state's Commercial Electronic Mail Act, alleges a putative class action removed to Seattle federal court Wednesday.

  • April 16, 2026

    Sentencing Commission Votes To Enact Modest Reform Agenda

    The U.S. Sentencing Commission on Thursday voted to enact multiple revisions to the federal sentencing guidelines, including the first inflationary adjustment in over a decade for calculating penalties for economic crimes, but declined to take action on a series of more transformational changes that were under consideration.

  • April 16, 2026

    OCC Lifts JPMorgan's Trade Surveillance Consent Order

    The Office of the Comptroller of the Currency said Thursday it has ended a Biden-era consent order with JPMorgan Chase over its trade surveillance monitoring, which was at the center of hundreds of millions of dollars in fines for the banking giant two years ago.

  • April 16, 2026

    Fed Orders Georgia Bank To Halt Dividends, Raise Capital

    The Federal Reserve Board on Thursday ordered a Georgia bank holding company to retain and raise capital as part of a consent order tied to its small business and agricultural lending that examiners raised concerns about earlier this year.

  • April 16, 2026

    Capital One Hit With Class Action Over Canceled Rewards

    Capital One has been hit with a proposed class action in Virginia federal court accusing it of unlawfully canceling billions of dollars in earned credit card rewards by unilaterally closing customers' accounts without cause.

  • April 16, 2026

    OCC Says Bank Misled Borrowers Into Costlier VA Refi Loans

    The Office of the Comptroller of the Currency has settled with an Illinois bank over claims it deceptively marketed federally guaranteed home refinance loans for veterans, issuing an enforcement order that is drawing consumer advocate scrutiny for omitting key redress details.

  • April 16, 2026

    US Bank Shorted Wash. Workers On Meals, Breaks, Suit Says

    U.S. Bank denied hourly employees meal and rest breaks, and shorted them on overtime and sick leave pay, two former workers alleged in a proposed class action filed in Washington state court.

  • April 16, 2026

    Expert Needed To Gauge Fault For Cyberattack, Panel Told

    Connecticut law firm Mancini Provenzano & Futtner LLC told a state appellate panel Thursday that a lower court should not have awarded a former client more than $90,000 on a negligence claim arising from a cyberattack without hearing first from an expert on the firm's legal duties.

  • April 16, 2026

    Canadian Bank Defeats Country-By-Country Tax Proposal

    Shareholders of the Canadian Imperial Bank of Commerce voted against a proposal to require the bank to disclose public country-by-country reports of tax information Thursday, with only about 10% of shareholders voting in favor.

  • April 15, 2026

    Trump Defends DOJ Investigation Of 'Incompetent' Fed Chair

    President Donald Trump expressed support Wednesday for the U.S. Department of Justice continuing to investigate Federal Reserve Chair Jerome Powell over the Fed's headquarters renovation, saying the government must "find out what happened" with the project's $2.5 billion price tag.

  • April 15, 2026

    Consumer Cases Drive Class Action Spike, Report Says

    Federal class action filings spiked in 2025 after nearly a decade of relative stability, fueled by a surge in consumer protection lawsuits tied to data breaches, digital commerce and online accessibility claims, according to a new report from Lex Machina.

  • April 15, 2026

    Ex-Citi, Cetera Rep Owes SEC $1.37M In Client Theft Case

    A former Citigroup and Cetera registered representative was hit with a final judgment Wednesday, putting her on the hook for $1.38 million to the U.S. Securities and Exchange Commission for allegedly stealing $2.4 million from an elderly client.

  • April 15, 2026

    Texas Can't Revive Anti-ESG Law While Appeal Plays Out

    A Texas federal judge refused to pause an injunction pending appeal on a state law restricting state investments in businesses that aim to reduce their reliance on fossil fuels, finding the law's language clearly intends to disfavor groups with certain viewpoints and is unlikely to survive appeal.

  • April 15, 2026

    Winston & Strawn Must Face $1.7B GloriFi Malpractice Suit

    A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a Texas bankruptcy judge saying the trustee sufficiently pled breach claims against law firm Winston & Strawn.

  • April 15, 2026

    Payments Co., Owner 'Sabotaged' $175M Sale, Crypto Biz Says

    A cryptocurrency wallet platform seeks to enforce its $175 million deal to purchase a global payments company, accusing the company and its owner of "a blatant, reckless, and improper campaign" to keep the sale from closing.

  • April 15, 2026

    Brigit To Take Fight Over 'Instant' Wage Advances To 2nd Circ.

    Short-term cash advance company Brigit has said it will appeal a New York federal judge's refusal to dismiss a proposed class action alleging it overcharged military borrowers with its "Instant Cash" earned-wage advances, which the judge ruled qualified as consumer loans under federal law.

Expert Analysis

  • AI-Generated Doc Ruling Guides Attys On Privilege Risks

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    A New York federal court's ruling, in U.S. v. Heppner, that documents created by a defendant using an artificial intelligence tool were not privileged, can serve as a guide to attorneys for retaining attorney-client or work-product privilege over client documents created with AI, say attorneys at Sher Tremonte.

  • 6 Things Bankers Need To Know About AI-Powered M&A

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    Artificial intelligence is now ingrained in banking mergers and acquisitions, and bankers should learn the key elements of the technology's competency and limits, such as that AI-enhanced reviews do not replace compliance, despite their speed and depth, say attorneys at Spencer Fane.

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • How Blockchain Could Streamline Real Estate Transactions

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    As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Tips For Consumer Finance GCs Navigating AI In Pro Se Suits

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    There are several avenues for consumer finance in-house counsel to make artificial intelligence use disclosure requirements a standardized tool when facing pro se litigants, including preservation demands and discovery requests to ease friction and root out inaccurate legal representations, says Lee Barrett at Planet Home Lending.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • Tips For Banks Navigating AI Benefits, Risks And Regulation

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    To understand how artificial intelligence affects banks and is used in the products and services they offer, they must examine use cases, efficiencies, benefits, risks, vendor management and oversight, as well as consider how regulators can use AI and are monitoring its use in banking activity, says Doug Hiatt at Fredrikson & Byron.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • How Lenders Can Be Ready For Disparate Impact Variabilities

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    Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

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