Banking

  • April 14, 2026

    Michigan Judge OKs $13 Million Deal In Debt Collection Suit

    A Michigan federal judge has given final approval for a $13.1 million settlement to a class of some 5,300 debtors who complained that a creditor law firm charged unlawfully high post-judgment interest rates during debt collection.

  • April 14, 2026

    Wells Fargo, JPMorgan Mulling Mediation In $481M Loan Suit

    Wells Fargo Bank is considering mediating and settling its suit against JPMorgan Chase Bank and a New York City developer over a $481 million commercial mortgage-backed securities loan deal that allegedly caused millions of dollars in losses, according to a joint letter filed in New York federal court.

  • April 14, 2026

    IHC's Ch. 11 Mediation Ask 'Jumped The Gun,' Creditors Say

    Lenders and unsecured creditors to Inspired Healthcare Capital have told a Texas bankruptcy court it is too soon in the senior-living facility group's Chapter 11 case to appoint a mediator, arguing its mandatory mediation proposal could bind creditors' rights.

  • April 14, 2026

    IRS Audited 3% Of Rich Taxpayers Pegged As Flouting FATCA

    The IRS audited just 3% of taxpayers with $6.2 trillion offshore who were identified as noncompliant with the Foreign Account Tax Compliance Act and assessed no penalties to the vast majority of "egregious nonfilers," the Treasury Inspector General for Tax Administration said in a report.

  • April 14, 2026

    Delaware Eyes Stablecoin Edge With Banking Law Overhaul

    Delaware lawmakers and industry attorneys say a pair of proposed bills updating the state's banking laws and creating a regulatory framework for payment stablecoins are aimed at ensuring the state remains a leader as financial services evolve, just as it did decades ago with credit card banking and corporate law.

  • April 14, 2026

    Experian Accused Of Reporting Fraudulent Pink Energy Loans

    A Virginia consumer is accusing Experian of violating the Fair Credit Reporting Act by blindly listing inflated loan balances from the now-bankrupt Pink Energy solar panel scheme on consumers' reports, claiming in a new class action that the reporting agency ignored warnings from state regulators and continued showing overstated debts.

  • April 14, 2026

    JPMorgan Says Dimon Claim Can't Keep Trump Suit In Florida

    JPMorgan Chase is pressing its bid to move a whittled version of President Donald Trump's $5 billion debanking lawsuit to New York federal court, arguing the president can't use a "makeweight claim" against its CEO, Jamie Dimon, to anchor the case in Florida state court.

  • April 13, 2026

    FDIC Taps New Consumer Division, Innovation Chiefs

    The Federal Deposit Insurance Corp. said Monday that it has hired a onetime BigLaw partner to take over its consumer protection division and brought in a former Oregon community bank executive to become the agency's top innovation official.

  • April 13, 2026

    BofA Shielded In Iranian Bias Suit, 9th Circ. Says

    The Ninth Circuit refused Monday to revive a proposed class action accusing Bank of America of discriminating against Iranian citizens, affirming a California federal court's ruling that the lawsuit fails to show the bank acted with ill will when erroneously closing the plaintiff's account.

  • April 13, 2026

    White House Study Minimizes Stablecoin Risk, ABA Says

    The American Bankers Association pushed back Monday on a recent White House study that found banning stablecoin yield programs wouldn't have much benefit for bank lending, saying the study downplayed the risks from such programs by asking the "wrong question" about them.

  • April 13, 2026

    Fed. Circ. Looks Askance At Sanctions In E-Banking IP Case

    A Federal Circuit panel on Monday appeared bothered by a lower court's nearly $85,000 sanctions order against a company and its counsel in its infringement lawsuit over an online banking patent, with one judge saying the record does not seem to support such action.

  • April 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured a mix of high-stakes settlements, fast-moving deal litigation, governance disputes and a notable post-trial ruling involving fraud-tainted loans.

  • April 13, 2026

    Texas Appeals Court Upholds Dismissal In $250M Fraud Case

    A split Texas appeals court panel found that a company cannot bring claims against Morgan Stanley after an executive at the bank ran an alleged kickback scheme involving $250 million in mineral interests, saying the executive was working by himself when the alleged fraud occurred.

  • April 13, 2026

    Adams Street Wraps Private Credit Fund With $7.5B In Tow

    Private markets investment firm Adams Street Partners LLC on Monday revealed that it has closed its third private credit fund with $7.5 billion of investor commitments.

  • April 10, 2026

    REIT Investors Ink Deal Over CEO's Alleged Undisclosed Loan

    Investors in Sun Communities Inc. asked a Michigan federal judge to grant initial approval to their $2.3 million deal with the real estate investment trust to end claims that its failure to disclose its then-CEO received a loan from a board member's relatives damaged shareholders when the information emerged in a short seller report.

  • April 10, 2026

    Big Banks Say They Were Victims Of Tricolor Fraud Scheme

    JPMorgan, Barclays and Fifth Third have urged a New York federal judge to toss an investor suit claiming the banks ignored flaring red flags and helped conceal a sprawling subprime auto loan fraud by Tricolor Holdings, arguing that they were also victims of the fraud and not aware of the scheme despite being sophisticated financial institutions.

  • April 10, 2026

    SEC To Craft Exemption For Foreign Bail-In Transactions

    U.S. Securities and Exchange Commission Chair Paul Atkins said Friday that he has directed staff to draft an exemption for securities offered and sold as part of certain foreign bail-in processes, announcing the plans as the agency said it won't take action over bail-in transactions directed by the Bank of England.

  • April 10, 2026

    Amex Consumer Attys Want $13M Of $17.5M Antisteering Deal

    Counsel for a group of consumers who reached a $17.5 million settlement with American Express Co. in a suit alleging the credit card company's so-called antisteering rules caused non-Amex cardholders to pay higher charges has asked a New York federal judge to award them nearly $13 million in attorney fees and litigation costs.

  • April 10, 2026

    $68M Colony Ridge Deal To Proceed Without Court's Blessing

    The U.S. Department of Justice on Friday said it will move forward with a $68 million settlement reached with land developer Colony Ridge Development LLC without seeking court oversight after a Texas federal judge raised concerns about the deal.

  • April 10, 2026

    Don't Miss It: Kirkland, Simpson Thacher Steer Hot Deals

    A lot can happen in the world of mergers and acquisitions and equity fundraising over the course of a couple of weeks, and it's difficult to keep up with all the deals. Law360 recaps the ones you may have missed, including transactions helmed by Kirkland & Ellis and Simpson Thacher & Bartlett.

  • April 10, 2026

    Huntington National Bank Says Freight Firms Owe $12M

    The Huntington National Bank on Friday sued Florida-based logistics brokerage company AGX Freight Carriers LLC and its related entities in Pennsylvania federal court, alleging they failed to pay back $12 million worth of loans and saying the ripple effects of the COVID-19 pandemic led to the default.

  • April 10, 2026

    FDIC Scraps Biden-Era Bank Guidance On Multiple NSF Fees

    The Federal Deposit Insurance Corp. on Friday rescinded Biden-era supervisory guidance that cautioned banks against stacking multiple penalty fees on a declined transaction, a policy that was previously the subject of an unsuccessful banking industry legal challenge.

  • April 10, 2026

    IRS Floats Excise Tax Regs On Overseas Money Transfers

    Individuals who send funds to people abroad via a remittance transfer provider using cash, money orders, cashier's checks, traveler's checks and similar financial instruments would trigger a new 1% excise tax on the total amount remitted under proposed regulations the IRS unveiled Friday.

  • April 09, 2026

    CFPB Pans Debt Collector's Bid To Exit 'Onerous' 2023 Order

    The Consumer Financial Protection Bureau is urging a Virginia federal court to deny a major debt collector's bid to exit a Biden-era settlement with the agency, arguing the firm's claims of struggles due to "finfluencers" and credit repair outfits don't justify unwinding the deal.

  • April 09, 2026

    Arizona Check Casher Says FinCEN Rule Is 'Crushing' Business

    A Phoenix-area money services business has sued the Treasury Department over an order targeting such businesses along the Southern border for heightened anti-money laundering reporting requirements, saying the measure imposes "business-crushing burdens" that may force it to close.

Expert Analysis

  • 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.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • Aviation Watch: Busy Skies, Tough Market For Airlines In 2026

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    After a turbulent year in the U.S. commercial aviation sector, demand for air travel and premium service shows no signs of slackening in 2026, with airlines facing the need to compete in a saturated market, while seeking opportunities for consolidation and pursuing other avenues to profitability, says Alan Hoffman, a retired attorney and aviation expert.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • 3 Key Ohio Financial Services Developments From 2025

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    Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Justices' BDO Denial May Allow For Increased Auditor Liability

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    The Supreme Court's recent denial of certiorari in BDO v. New England Carpenters could lead to more actions filed against accounting firms, as it lets stand a 2024 Second Circuit ruling that provided a road map for pleading falsity with respect to audit certifications, says Dean Conway at Carlton Fields.

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

  • Series

    Judges On AI: How Judicial Use Informs Guardrails

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    U.S. Magistrate Judge Maritza Dominguez Braswell at the U.S. District Court for the District of Colorado discusses why having a sense of how generative AI tools behave, where they add value, where they introduce risk and how they are reshaping the practice of law is key for today's judges.

  • Crypto-Asset Strategy For Corporate Legal Leaders In 2026

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    As digital assets experience increased regulatory clarity, institutional adoption and technological maturity, in-house legal leaders must build strong policies this year and stay engaged with the evolving market to help their companies seize the opportunities of the digital asset era while managing the risks, say attorneys at Foley & Lardner.

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