Banking

  • March 27, 2026

    FCC Told It Can't Make Foreign Call Centers Speak English

    The National Creditors Bar Association is not pleased with the Federal Communications Commission's plans to pass new rules that would require companies to make sure their foreign call center operators speak "American Standard English," saying the agency has no power over foreign employees.

  • March 27, 2026

    Kansas City Fed Pressed For Kraken Account Approval Terms

    The ranking member of the House Financial Services Committee asked the Federal Reserve Bank of Kansas City to share more information about its decision to grant crypto firm Kraken Financial access to Fed payment rails, including what limits it imposed on the new type of tailored master account.

  • March 27, 2026

    Split Fed Gives Morgan Stanley OK For European Arm Reorg

    The Federal Reserve has narrowly granted its permission for Morgan Stanley to turn its European Union banking arm into a unit of its insured U.S. bank, a move that sharply divided the central bank's board amid concerns about straining the federal bank safety net.

  • March 27, 2026

    Bank Says Ex-Execs Fired For Conduct, Not Whistleblowing

    Florida community bank First National Bank of Pasco told a federal judge that two former executives who claim they were fired for blowing the whistle on banking law violations were actually fairly terminated, and one of the plaintiffs did not even participate in the alleged whistleblowing.

  • March 27, 2026

    Credit Suisse Gets Bondholders' NJ RICO Claim Axed

    An investor lawsuit accusing Credit Suisse of concealing its financial strains leading up to its takeover by UBS AG was trimmed by a New York federal judge, who found the suit failed to support its New Jersey racketeering claim.

  • March 27, 2026

    NYC Sheds FDIC's Claim For Silicon Valley Bank Tax Refund

    A D.C. federal court said Friday it does not have the authority to order New York City to issue a tax refund sought by the Federal Deposit Insurance Corp. in its capacity as receiver of the failed Silicon Valley Bank.

  • March 27, 2026

    Ex-Husch Blackwell CIO Joins Wells Fargo As AI Exec

    Blake Rooney, who spent the past eight years as the chief information officer of Husch Blackwell LLP, announced through a LinkedIn post on Friday that he would be joining Wells Fargo & Co. as its artificial intelligence business executive for legal, public affairs and internal audit.

  • March 27, 2026

    Polsinelli Hires Practice Head From McDermott In NY

    Polsinelli PC has hired a longtime McDermott Will & Schulte LLP attorney to co-lead its special situations and alternative investment practice, saying the move "further advanc[es] the firm's strategic focus on private credit, distressed investing, and complex restructuring matters."

  • March 27, 2026

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

    The past week in London has seen Apple hit back at a tech company's wireless charging patent claim, a flurry of businesses bring COVID-19 pandemic insurance claims as a key deadline draws closer and Ipulse Partners LLP file a claim against a luxury yacht company it represented in a trademark dispute. Here, Law360 looks at these and other new claims in the U.K.

  • March 27, 2026

    United Bank's $2M Deal In ESOP Suit Clears Final Hurdle

    A Georgia federal court granted final approval Friday to United Bank Corp.'s $2 million class action settlement ending allegations that it unlawfully ousted ex-workers from an employee stock ownership plan and cut them out of proceeds from a $23.3 million dividend.

  • March 26, 2026

    PNC Beats Customer's $200K Forged Check Dispute

    PNC no longer faces allegations it failed to prevent a customer's losses after his employees drained nearly $205,000 from his accounts, a Philadelphia federal judge found, noting the plaintiff's estate administrator didn't properly dispute relevant facts asserted by the bank.

  • March 26, 2026

    FINRA Fines Broker-Dealer $600K For Off-Channel Violations

    The Financial Industry Regulatory Authority has fined a San Francisco-based broker-dealer $600,000 for allegedly failing to supervise employees' use of unapproved messaging platforms, in a type of proceeding FINRA's CEO said earlier this week would indicate a "real breakdown" in oversight.

  • March 26, 2026

    9th Circ. Won't Rehear Flagstar Escrow Interest Decision

    The Ninth Circuit declined Thursday to revisit a panel decision that held federally chartered banks aren't exempt from a California law requiring interest to be paid on mortgage escrow accounts, leaving Flagstar Bank on the hook for a $9 million borrower class action judgment.

  • March 26, 2026

    Ex-InterOil Exec Faces $210M Ruling, Seeks Appeal Bond Cut

    A former executive of long-acquired oil company InterOil must pay a Swiss investor $210 million in damages and interest under a final judgment entered Thursday in Texas federal court, affirming a jury's findings last year that the executive breached agreements between the two.

  • March 26, 2026

    2nd Circ. Reopens Mortgage-Backed Securities ERISA Suit

    The Second Circuit on Thursday revived a federal benefits lawsuit against Wells Fargo and Ocwen accusing the companies of mishandling home loans tied to a union pension fund's investments, overturning a lower court ruling that handed the bank and loan servicing companies a pretrial win in the proposed class action.

  • March 26, 2026

    Investor Sues Music Catalog Firm Over Default Risks

    A member of a music catalog investment group has sued in the Delaware Chancery Court to force the company to turn over financial records, alleging signs of mismanagement, missed payments and potential default risks tied to high-value music deals.

  • March 26, 2026

    FTC Warns Mastercard, PayPal, Stripe, Visa About Debanking

    The Federal Trade Commission on Thursday warned major payment companies that denying services to consumers based on their politics or religion could lead to an enforcement action, the latest move in the Trump administration's broader crackdown on so-called debanking.

  • March 26, 2026

    Paul Weiss, Skadden Guide $22B US Life Insurance Merger

    Corebridge Financial Inc. and Equitable Holdings Inc. said Thursday they have agreed to merge in an all-stock transaction that values the combined company at about $22 billion, in a deal steered by Skadden Arps Slate Meagher & Flom LLP and Paul Weiss Rifkind Wharton & Garrison LLP.

  • March 25, 2026

    UBS Must Face Class Action Over Low-Yield Sweep Accounts

    A New York federal judge on Wednesday trimmed a proposed class action alleging USB Financial Services Inc. put customers' money in low-yielding "cash sweep" accounts in breach of their contract, tossing a single duplicative unjust enrichment claim but allowing the contract claims to proceed.

  • March 25, 2026

    Payments Co. Sued Over $3M Liquidity Pool Loan Default

    Payken is facing a Delaware Chancery Court lawsuit alleging the blockchain-based payments company owes roughly $3.2 million after breaching a master credit agreement and failing to repay loans owed to a jointly owned lending vehicle created to provide it with liquid assets.

  • March 25, 2026

    Warren Grills Fed's Ex-BigLaw Supervision Chief On Conflicts

    Sen. Elizabeth Warren, D-Mass., on Wednesday asked former Davis Polk & Wardwell LLP veteran Randall Guynn, a recent addition to the Federal Reserve, to explain how he is dealing with potential conflicts of interest stemming from his previous role chairing the BigLaw firm's financial institutions group.

  • March 25, 2026

    TD Bank 'Call Ready' Rule Cut Worker Pay, NJ Suit Claims

    TD Bank failed to pay employees for overtime work they did before and after their shifts, a former customer service call representative alleges in a proposed collective and class action filed in New Jersey federal court.

  • March 25, 2026

    Lender Targets Borrower, Guarantor In $3.8M Default Suit

    A Delaware lender has sued a group of real estate investors and affiliated entities in Delaware Chancery Court, accusing them of defaulting on a $3.8 million mezzanine loan and then diverting collateral to avoid repayment.

  • March 25, 2026

    Conn. Atty Faces Civil Arrest Bid In $10M Trust Account Probe

    A city housing authority and its corporate development arm have asked a Connecticut Superior Court judge to order the civil arrest of an attorney accused of funneling nearly $10 million in unauthorized loan proceeds into his lawyer trust account.

  • March 25, 2026

    FSOC Seeks To Rein In Too-Big-To-Fail Labels In Latest Pivot

    Federal regulators moved Wednesday to curb their authority to subject large asset managers, insurers and other nonbank firms to heightened, bank-like supervision, proposing guidelines that would reinstitute tougher standards for these too-big-to-fail designations.

Expert Analysis

  • How Bank M&A Prospects Brightened In 2025

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    Even with less-than-ideal macroeconomic conditions in 2025, federal banking regulators' shift away from procedural concerns to focus more on core financial risks boosted M&A in several key ways, including shorter review timelines and increased interest in de novo charters, say attorneys at Arnold & Porter.

  • 3 Securities Litigation Trends To Watch In 2026

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    Pending federal appellate cases suggest that 2026 will be a significant year for securities litigation, with long-standing debates about class certification, new questions about the risks and value of artificial intelligence features, and private plaintiffs' growing role in cryptocurrency enforcement likely to be major themes, say attorneys at Willkie.

  • Funding Haze And Deregulatory Pursuits: The CFPB In 2026

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    In 2025, the Consumer Financial Protection Bureau did not seek additional funding from the Federal Reserve and unwound the legacy of former bureau leadership, and this year will bring further efforts to rescind or rewrite bureau regulations, as well as a changed tone to supervision efforts, say attorneys at Covington.

  • 4 Developments That Defined The 2025 Ethics Landscape

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    The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.

  • Navigating AI In The Legal Industry

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    As artificial intelligence becomes an increasingly integral part of legal practice, Law360 guest commentary this year examined evolving ethical obligations, how the plaintiffs bar is using AI to level the playing field against corporate defense teams, and the attendant risks of adoption.

  • Regulatory Rollback And Lingering Limbo: The CFPB In 2025

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    The Consumer Financial Protection Bureau has implemented significant changes since President Donald Trump took office in January, including dismissing actions with prejudice, withdrawing guidance and rescinding rules, casting the bureau in uncertain light heading into 2026, say attorneys at Mayer Brown.

  • 2025 Calif. Banking Oversight Centered On Consumer Issues

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    The combination of statutory reform, registration mandates and enforcement activity in 2025 signals that California's financial regulatory landscape is focused on consumer protection, particularly in the areas of crypto kiosk fee practices, earned wage access providers and elder fraud, say attorneys at Ropes & Gray.

  • The Major Securities Litigation Rulings And Trends Of 2025

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    The past 12 months saw increased regulator focus on disclosures concerning artificial intelligence, signs of growing judicial scrutiny at the class certification stage, and shifting regulatory priorities at the U.S. Securities and Exchange Commission — all major developments that may significantly affect securities litigation strategy in 2026 and beyond, say attorneys at Debevoise.

  • The CFTC's Road Ahead Under Newly Confirmed Chair

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    Michael Selig's Dec. 18 confirmation as U.S. Commodity Futures Trading Commission chair comes at a critical juncture, as the agency is poised to gain oversight over the crypto industry and increase its jurisdictional mandate covering prediction markets, says Elizabeth Lan Davis at Davis Wright.

  • How Fractional GCs Can Manage Risks Of Engagement

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    As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.

  • 5 Lender Strategies When A Commercial Borrower Defaults

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    With an estimated $2 trillion in commercial real estate loans set to mature by 2027, now is an opportune time for lenders to review practices on both the front and back ends, and understand the full range of options available in the event of a default, says Keith Mundrick at Amundsen Davis.

  • SEC Rulemaking Radar: A Reset, A Shift And A Preview Of '26

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    With major proposals withdrawn and new priorities emerging, forthcoming U.S. Securities and Exchange Commission proposals in 2026 will look to reshape how digital assets are regulated, recalibrate market structure and simplify how small companies go public, says Christopher Grobbel at Goodwin.

  • Changes In Crypto, Cybersecurity Defined NY Banking In 2025

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    The major takeaways from 2025 in New York banking policy involve updated guidance, regulations and requirements primarily affecting innovation and digital banking, in areas such as cybersecurity, virtual currencies, and buy now, pay later programs, say attorneys at Steptoe.

  • Del. Dispatch: Key 2025 Corporate Cases And Trends To Know

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    The Delaware corporate legal landscape saw notable changes in 2025, spurred by amendments to the Delaware General Corporation Law, ubiquitous artificial intelligence fervor, boardroom discussion around DExit, record shareholder activism activity and an arguably more expansive view of potential Caremark liability, say attorneys at Fried Frank.

  • Series

    Nature Photography Makes Me A Better Lawyer

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    Nature photography reminds me to focus on what is in front of me and to slow down to achieve success, and, in embracing the value of viewing situations through different lenses, offers skills transferable to the practice of law, says Brian Willett at Saul Ewing.

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