Compliance

  • April 14, 2025

    BofA Ordered To Pay FDIC $540M For Underpaid Premiums

    A Washington, D.C., federal court has ruled that Bank of America must pay the Federal Deposit Insurance Corp. more than $540 million plus interest for underpaying its deposit insurance premiums, ending an eight-year-long case whose resolution was delayed in light of the U.S. Supreme Court's Loper Bright decision overturning federal agency rulemaking deference.

  • April 14, 2025

    Chervon Moves Explosive Battery Suit To Ill. Federal Court

    Tool company Chervon North America Inc. and retailer Lowe's Home Centers LLC were hit with a proposed class action accusing them of selling lithium-ion batteries that overheated and, in some cases, caught fire, according to a complaint removed to Illinois federal court on Friday.

  • April 14, 2025

    Ill. Senator Knew Ethics Surrounding Bribery, Jury Hears

    An Illinois senator on trial for allegedly agreeing to help a red-light camera company for a $5,000 payment and a do-nothing job for his intern was previously trained on how to recognize and avoid such situations as an elected official, jurors heard Monday.

  • April 14, 2025

    Crypto Firm DCG Can't Dodge NY AG Suit Over Genesis Woes

    Crypto venture capital firm Digital Currency Group must face the bulk of the New York attorney general's claims it defrauded investors by hiding the dire financial condition of its bankrupt lending subsidiary Genesis Global, a New York state judge has ruled.

  • April 14, 2025

    Calif. Board Says SpaceX Suit Should Be Grounded For Good

    The California Coastal Commission moved Friday for another dismissal of SpaceX's suit alleging the commission wrongly tried to block its plan to increase rocket launches from Vandenberg Space Force Base in California, saying because the commission's opposition was overridden by the U.S. Air Force, no harm was caused.

  • April 14, 2025

    X Corp. Says Media Matters Must Hand Over Employee Names

    X Corp. asked a Texas federal judge to make left-leaning media watchdog Media Matters turn over the names of its employees as the latest salvo in a fight over allegedly defamatory articles it wrote, saying Monday that Media Matters was giving "boilerplate objections."

  • April 14, 2025

    NY AG Accuses MoneyLion, DailyPay Of Predatory Lending

    New York Attorney General Letitia James on Monday sued MoneyLion Inc. and DailyPay Inc. for fraud and usury, alleging that their so-called earned wage access services are actually payday loans in disguise that target vulnerable New Yorkers with predatory interest rates.

  • April 14, 2025

    Verizon Says Unlocking Rules Are Boon To Crime Rings

    Verizon is asking the Federal Communications Commission to allow carriers to wait longer before unlocking customers' devices, telling the agency that device locking is one of the only effective tools for combating phone trafficking crime rings.

  • April 14, 2025

    FCC Inundated With Ideas On Where To Cut Regulatory Fat

    From prison phone service providers to trade groups, everybody has something to say about what rules and requirements the Federal Communications Commission should be cutting as part of President Donald Trump's directive to shed as many regulations as possible.

  • April 14, 2025

    Quinn Emanuel, King & Spalding Rep Harvard In Trump Letter

    Harvard University on Monday turned to a pair of high-powered lawyers from Quinn Emanuel Urquhart & Sullivan LLP and King & Spalding LLP as the school pushed back on the Trump administration's policy demands linked to nearly $9 billion in federal funding — a move that prompted the government to freeze more than $2 billion in grants for the school.

  • April 14, 2025

    US Cuts Tariffs On Chinese Electronics But Vows New Levies

    The U.S. scaled back tariffs on Chinese semiconductors and related products like computers and smartphones, but Commerce Secretary Howard Lutnick said those goods and pharmaceuticals would face sector-specific tariffs in one to two months.

  • April 14, 2025

    Feds Push To End Alaska Tribe's Gold Mine Permit Challenge

    The U.S. Army Corps of Engineers and a gold mine developer are asking a federal court for permission to move for early dismissal of an Alaskan tribe's remaining claim against an open-pit gold mine near the Yukon border, saying its amended lawsuit doesn't fare better than the original.

  • April 14, 2025

    Trump Admin Moves To Weaken Migratory Bird Protections

    The top lawyer at the U.S. Department of the Interior says the federal government lacks the power to prosecute companies that inadvertently kill federally protected migratory birds, a legal position the department took during the first Trump administration but which was overturned by a federal court in 2020.

  • April 14, 2025

    Mich. Panel Says Car Insurance Fee Schedule Not Retroactive

    A Michigan appellate panel said a fee schedule governing benefits auto insurers must pay injured parties does not apply to injuries sustained before the fee schedule became law, determining the state insurance regulator's 2024 memo misinterpreted the rules.

  • April 14, 2025

    4th Circ. Asked To Rethink Credit Union's Liability In Scam

    A metal fabricator asked the full Fourth Circuit to rethink a panel decision finding a credit union cannot be held liable for a scammer's use of its services to swindle the fabricator out of $560,000, saying the majority should have deferred to the district court's findings about the scheme.

  • April 14, 2025

    Basketball Player Faces NCAA Over Transfer Rules Decree

    Attorneys for a basketball player claiming that the NCAA is blocking him from transferring to another school, despite a federal consent decree allowing it, told a West Virginia federal judge Monday that his right to play next season is being "shortchanged by the NCAA's illegal conduct.''

  • April 14, 2025

    FTC Joins DOJ In Targeting Anticompetitive Regulations

    The Federal Trade Commission launched a public inquiry Monday to look into reducing regulations that are hindering competition, following a similar move by the U.S. Department of Justice last month.

  • April 14, 2025

    Green Group Urges Update On Gulf Oil Well Risks

    The Center for Biological Diversity has urged a D.C. federal court to order government agencies to update their assessment of derelict offshore oil and gas facilities along the southern coast, saying the stalled decommissioning of aging infrastructure is creating a greater likelihood of an environmental disaster.

  • April 14, 2025

    Colorado Oil Co. Says Hefty Penalties Are Unlawful Taking

    An ailing oil and gas company asked a federal judge Friday to block Colorado orders requiring it to halt some operations and pay $8 million in penalties, arguing that they amount to an unconstitutional taking of its property without compensation.

  • April 14, 2025

    Top Court Ruling Dooms Suit Challenging Housing Grant Cuts

    A federal judge in Boston on Monday vacated an earlier ruling that had blocked the Trump administration from cutting $30 million in housing anti-discrimination grants, saying a recent U.S. Supreme Court decision in a similar case involving teacher training grants likely strips the court of jurisdiction.

  • April 14, 2025

    FCC Could Nix Engineer Certification Reg, Cable Biz Says

    A cable industry lobbying group said Monday the Federal Communications Commission could soon withdraw a little-known but contentious rule requiring professional engineers to certify providers' broadband mapping data.

  • April 14, 2025

    DOJ Resists Airing Full ICE Pact On Taxpayer Data Sharing

    The U.S. government objected Monday to releasing an unredacted copy of a tax-information-sharing agreement between the IRS and immigration enforcement agencies sought by groups seeking to block the disclosure, telling a D.C. federal court that it would reveal sensitive information and law enforcement techniques.

  • April 14, 2025

    Takeda Gets Actos Case Paused For Class Cert. Review

    A New York federal court has paused a lawsuit accusing Takeda Pharmaceuticals of inflating the price of its diabetes treatment, Actos, by delaying the entry of generic alternatives, and took a scheduled July trial off the calendar, as the company appeals a class certification ruling.

  • April 14, 2025

    CFPB To Vacate Credit Card Late Fee Rule In Deal With Banks

    The Consumer Financial Protection Bureau said Monday it has agreed to vacate as unlawful its $8 credit card late fee rule as part of a deal with the U.S. Chamber of Commerce and other trade groups to settle their litigation over the agency's Biden-era rule.

  • April 14, 2025

    EU Not 'Sitting Back' With US Tariffs, German Official Says

    "Simply sitting back" isn't an option for the European Union in response to wide-ranging tariffs imposed by President Donald Trump's administration, Germany's finance minister said Monday in defense of the bloc's countermeasures.

Expert Analysis

  • Issues To Watch At ABA's Antitrust Spring Meeting

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    Attorneys at Freshfields consider the future of antitrust law and competition enforcement amid agency leadership changes and other emerging developments likely to dominate discussion at the American Bar Association's Antitrust Spring Meeting this week.

  • SEC Crypto Mining Statement Delivers Regulatory Clarity

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    The U.S. Securities and Exchange Commission's March 20 statement clarifying that certain crypto mining activities do not constitute the offer and sale of securities marks the end of the SEC's enforcement-first approach and ushers in a more predictable environment for blockchain innovation and investment, says Jeonghoon Ha at Ha Law.

  • State Extended Producer Responsibility Laws: Tips For Cos.

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    As states increasingly shift the onus of end-of-life product management from consumers and local governments to the businesses that produce, distribute or sell certain items, companies must track the changing landscape and evaluate the applicability of these new laws and regulations to their operations, say attorneys at Alston & Bird.

  • Nev. Fraud Ruling Raises Stakes For Proxy Battles

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    Though a Nevada federal court’s recent U.S. v. Boruchowitz decision involved unusual facts, the court's ruling that board members can be defrauded of their seat through misrepresentations increases fraud risks in more typical circumstances involving board elections, especially proxy fights, say attorneys at ArentFox Schiff.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

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    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

  • NLRB Firing May Need Justices' Input On Removal Power

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    President Donald Trump's unprecedented removal of National Labor Relations Board member Gwynne Wilcox spurred a lawsuit that is sure to be closely watched, as it may cause the U.S. Supreme Court to reexamine a 1935 precedent that has limited the president's removal powers, say attorneys at Kelley Drye.

  • The OCC's Newly Relaxed Approach To Bank Crypto Activity

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    With the early March rescission of Biden-era interpretive guidance, the Office of the Comptroller of the Currency has loosened its approach to regulating national banks and federal savings associations' crypto-asset activities, possibly removing one barrier to banks engaging in such activities, say attorneys at Debevoise.

  • Contractor Remedies Amid Overhaul Of Federal Spending

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    Now that the period for federal agencies to review their spending has ended, companies holding procurement contracts or grants should evaluate whether their agreements align with administration policies and get a plan ready to implement if their contracts or grants are modified or terminated, say attorneys at DLA Piper.

  • 5 Steps To Promote Durable, Pro-Industry Environmental Regs

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    The U.S. Environmental Protection Agency's planned wave of deregulation will require lengthy reviews, and could be undone by legal challenges and future changes of administration — but industry involvement in rulemaking, litigation, trade associations, and state and federal legislation can help ensure favorable and long-lasting regulatory policies, say attorneys at Balch & Bingham.

  • Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike

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    The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

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    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • Opinion

    7 Ways CFTC Should Nix Unnecessary Regulatory Burdens

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    Several U.S. Commodity Futures Trading Commission regulations do not work efficiently in practice, all of which can be abolished or improved in order to comply with a recent executive order requiring the elimination of 10 regulations for every new one implemented, say attorneys at K&L Gates.

  • Key Insurance Issues Likely To Arise From NY Superfund Law

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    The recently enacted New York Climate Change Superfund Act imposes a massive $75 billion in liabilities on energy companies in the fossil fuel industry, which can be expected to look to their insurers for coverage, raising a slew of coverage issues both old and new, say attorneys at Wiley.

  • How Attorneys Can Master The Art Of On-Camera Presence

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    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Justices' TikTok Ruling Sets Stage For 1st Amendment Battle

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    The U.S. Supreme Court's landmark ruling upholding a law requiring TikTok's sale sets the stage for an inevitable clash between free speech and government interests and signals that future cases will turn on whether a regulation poses a substantial burden on speech, say attorneys at Dykema.

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