sa国际传媒

Banking

  • October 31, 2025

    Wheeling & Appealing: The Latest Must-Know Appellate Action

    In this installment of Wheeling & Appealing, November's appellate calendar features a Trump lawsuit against Hillary Clinton, New York City housing disputes, drug pricing battles, immigrant rights cases, and challenges to so-called patent troll laws.

  • October 31, 2025

    10th Circ. Rules Fed Can Reject Master Account Access

    A divided Tenth Circuit panel ruled Friday that Federal Reserve banks have the discretion to reject master account access requests from eligible entities, rejecting crypto-focused Custodia Bank's claim that it is entitled to a master account in a decision that prompted a dissenting judge to say "the Fed has gone too far."

  • October 31, 2025

    MV Realty Will Pay $2.8M To End NJ Suit Lien Agreements

    Florida-based MV Realty has entered into a $2.8 million settlement with New Jersey to resolve a lawsuit claiming it duped cash-strapped homeowners into signing agreements with predatory terms that placed liens on their homes for a one-time cash payment, the state's attorney general's office said Friday.

  • October 31, 2025

    SEC Extends Fee Cap Compliance Dates After DC Circ. Ruling

    The U.S. Securities and Exchange Commission on Friday extended the compliance deadlines for new rules that will cap the fees that exchanges can charge investors and allow exchanges to quote stock prices in half-penny increments after the D.C. Circuit rejected calls to overturn the rules.

  • October 31, 2025

    sa国际传媒 Union Sounds Alarm As Funding 'Approaches Zero'

    The Consumer Financial Protection Bureau's employee union warned that the agency is on the verge of running out of money and called for its acting Director Russell Vought to immediately request additional funds from the Federal Reserve.

  • October 31, 2025

    Insurers Denied Bid To Stay Avon's Ch. 11 Plan For Appeal

    A Delaware bankruptcy judge denied a motion Thursday from insurers at Lloyd's of London to stay Avon Inc.'s Chapter 11 plan while the insurers appeal, finding the insurers had not shown they would be irreparably harmed by the plan taking effect.

  • October 31, 2025

    Ed Dept. Pushing Millions Of Borrowers Into Default, Suit Says

    The secretary of the U.S. Department of Education and three major credit bureaus were hit with a proposed class action in Georgia federal court for allegedly forcing millions of student loan borrowers into delinquency and default due to operational failures in loan servicing after the COVID-19 deferment period ended earlier this year.

  • October 31, 2025

    TXSE Boasts $250M Total Capital After Latest Funding Round

    TXSE Group, a company preparing to launch a Texas-based stock exchange similar to the likes of the New York Stock Exchange, revealed Friday it has raised more than $250 million in total capital following its second financing round that welcomed new investor J.P. Morgan.

  • October 30, 2025

    Snowflake, Clients Can't Escape MDL Over Cloud Data Breach

    Cloud storage provider Snowflake, along with its clients Ticketmaster and LendingTree, will continue to face sprawling multidistrict litigation over a data breach that hit Snowflake last year, after a Montana federal judge refused several bids to ax or force arbitration of negligence and other claims brought by a wide range of consumers who were impacted by the incident.聽

  • October 30, 2025

    Small Biz Groups Seek Quick Win In sa国际传媒 Lending Data Fight

    A coalition of consumer-aligned advocacy groups is seeking summary judgment in Washington, D.C., federal court in their suit aiming to compel the Consumer Financial Protection Bureau to implement a 15-year-old Congressional mandate to collect lending data for women- and minority-owned small businesses.

  • October 30, 2025

    FDIC's Hill Says Deposit Insurance Boost May Not Raise Costs

    The Federal Deposit Insurance Corp.'s top official said at his Thursday confirmation hearing that a targeted increase in his agency's coverage limits could dampen depositor run risk without necessarily requiring it to charge all banks more for the extra protection. 聽

  • October 30, 2025

    GOP Senator Floats Fair Access Bill In 'Debanking' Push

    Sen. Thom Tillis, R-N.C.,聽introduced draft legislation Thursday that he says builds on an earlier attempt to prevent banks from blocking conservatives or disfavored industries from opening accounts, proposing the creation of a fair access standard that allows regulators and attorneys general聽to sue noncompliant banks.聽

  • October 30, 2025

    Defamation Litigation Roundup: Drake, IRS, Greenpeace

    In this month's review of defamation fights, Law360 highlights notable developments in California's anti-SLAPP law following a major Ninth Circuit opinion, as well as a decision 鈥 and appeal 鈥 in Drake's fight with his record label over Kendrick Lamar's diss track.

  • October 30, 2025

    Nicaraguan Businessman Sues Citi Over $270K Account Freeze

    A Nicaraguan businessman has sued Citibank in Florida federal court, alleging the bank froze and closed his accounts holding more than $270,000 without explanation and has failed to return the money to him.

  • October 30, 2025

    Meta Says sa国际传媒 Has Dropped Biden-Era Advertising Probe

    Meta Platforms Inc. said Thursday that the Consumer Financial Protection Bureau has closed an investigation into its finance-related advertising practices, a disclosure that comes a year after the agency signaled it was considering a possible enforcement action.

  • October 30, 2025

    NYC Hotel Co. Owners Charged With Fraud Over Loan Scheme

    Two owners of a Brooklyn hotel management company "fraudulently obtained" nearly $2 million worth of COVID-19 relief loans in a wire and bank fraud scheme that stretched from at least March 2020 to April 2022, the federal government alleged in New York federal court on Thursday.

  • October 30, 2025

    Ex-Amazon Coder Again Avoids Prison For Capital One Hack

    A former Amazon coder who exposed personal information belonging to nearly 100 million people amid a data breach targeting Capital One in 2019 was resentenced Wednesday in Washington federal court to time served, plus two years of supervised release and community service and ordered to pay nearly $41 million in restitution.聽

  • October 30, 2025

    Sidley's 'Incomplete' Story Hid Fraud Scheme, Family Says

    A family alleging it was roped into an illegal tax sheltering scheme on the advice of a former Sidley Austin LLP attorney has urged a Georgia federal judge to keep its suit against the firm alive, arguing a jury should decide when the family knew enough about the fraud to move forward with its claims.

  • October 30, 2025

    Ethics Atty Says Tattler's Timing Supports 'Blackmail' Threat

    A Pennsylvania attorney told a Florida bankruptcy court that debtors he'd been trying to collect from for years had unreported assets, just days after he allegedly threatened their lawyer that he would do so if they didn't pay up, state ethics watchdogs told a disciplinary panel Thursday.

  • October 30, 2025

    OpenAI Preps For IPO At $1T Valuation, Plus More Rumors

    Sam Altman's OpenAI is prepping plans for an initial public offering that could value the artificial intelligence behemoth at up to $1 trillion, Facebook-owner Meta is preparing for an up to $25 billion bond offering, and major banks are gearing up for the launch of a $38 billion debt offering to fund data centers to be used by technology giant Oracle.

  • October 30, 2025

    NYSDFS Superintendent Returns To Sullivan & Cromwell

    Sullivan & Cromwell LLP announced Thursday that the former superintendent of the New York State Department of Financial Services is returning to the firm where she began her legal career.

  • October 30, 2025

    Ga. Panel Finds No 'Bad Faith' In Wells Fargo Trust Suit

    The Georgia Court of Appeals has reversed a trial court's finding that Wells Fargo Bank, as trustee, misinterpreted language in a trust established in a man's last will and testament and its order that numerous distributions be made to one of the trust beneficiaries.

  • October 29, 2025

    Greenpeace Gets Dakota Pipeline Damages Cut To $345M

    A North Dakota state judge Wednesday reduced a jury's $666 million damages award against Greenpeace to $345 million in litigation claiming the group falsely disparaged the Dakota Access Pipeline project during environmental protests, finding that some of the damages awarded by the jury weren't backed by evidence.

  • October 29, 2025

    FDIC's Hill To Cite Reform Focus, Experience At Senate Vetting

    Acting Federal Deposit Insurance Corp. Chairman Travis Hill plans to kick off his Thursday pitch for U.S. Senate confirmation by stressing priorities that have included sharpening the agency's focus on "material financial risks" and strengthening its readiness to handle major bank failures.

  • October 29, 2025

    Visa Must Face Cardholders' Antitrust Claims, Judge Says

    A New York federal judge has trimmed two antitrust suits against Visa Inc. over its use of exclusive contracts in the U.S. debit card market, axing certain state law and damages claims but also finding that the consumer plaintiffs plausibly alleged the company's conduct suppressed competition.

Expert Analysis

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations 鈥 from prosecutions of law enforcement officials to executive orders targeting law firms 鈥 they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • $2B PDVSA Ruling Offers Insight Into Foreign-Issued Debt

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    A New York federal court's recent decision denying a request by PDVSA, Venezuela's state-owned oil company, to refuse enforcement of $2 billion in defaulted bonds serves as a guide for the scope of review required in assessing the validity of foreign-issued securities with New York choice-of-law provisions, say attorneys at Cleary.

  • Del. Dispatch: Chancery Expands On Caremark Red Flags

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    The Delaware Court of Chancery鈥檚 recent Brewer v. Turner decision, allowing a shareholder derivative suit against the board of Regions Bank to proceed, takes a more expansive view as to what constitutes red flags, bad faith and corporate trauma in Caremark claims, say attorneys at Fried Frank.

  • Insights From Recent Cases On Navigating Snap Removal

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    Snap removal, which allows defendants to transfer state court cases to federal court before a forum defendant is properly joined and served, is viewed differently across federal circuits 鈥 but keys to making it work can be drawn from recent decisions critiquing the practice, say attorneys at Perkins Coie.

  • Opinion

    It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts鈥 electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Recent Trends In Lending To Nonbank Financial Institutions

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    Loans to nondepository financial institutions represent the fastest-growing bank lending asset this year, while exhibiting the cleanest credit profile and the lowest delinquency rate, but two recent bankruptcies also emphasize important cautionary considerations, says Chris van Heerden at Cadwalader.

  • Why This Popular Class Cert. Approach Doesn't Measure Up

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    In recent class certification decisions, plaintiffs experts have used the in-sample prediction approach to show that challenged conduct harmed all, or almost all, proposed class members 鈥 but this approach is unreliable because it fails two fundamental tests of reliable econometric methods, say consultants at Cornerstone Research.

  • Opinion

    Crypto Bills' Narrow Scope Guarantees Continued Uncertainty

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    The Digital Asset Market Clarity Act and Responsible Financial Innovation Act aim to make the $4 trillion crypto market more transparent and less susceptible to fraud, but their focus on digital assets sold in investment contract transactions promises continued uncertainty for the industry, says Joe Hall at Davis Polk.

  • Federal Debanking Scrutiny Prompts Compliance Questions

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    Recent U.S. Small Business Administration guidance sets forth requirements for preventing so-called politicized debanking and specific additional instructions for small lenders, but falls short on clarity for larger institutions, leaving lenders of all sizes with questions as they navigate this unique compliance challenge, say attorneys at Cooley.

  • Series

    Writing Novels Makes Me A Better Lawyer

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    Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at聽BakerHostetler.

  • SEC's No-Action Relief Could Dramatically Alter Retail Voting

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    The U.S. Securities and Exchange Commission recently cleared the way for ExxonMobil to institute a novel change in retail shareholder voting that could greatly increase voter turnout, granting no-action relief that represents an effective and meaningful step toward modernizing the shareholder voting process and the much-needed democratization of retail investors, say attorneys at Cozen.

  • New Mass. 'Junk Fee' Regs Will Be Felt Across Industries

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    The reach of a newly effective regulation prohibiting so-called junk fees and deceptive pricing in Massachusetts will be widespread across industries, which should prompt businesses to take note of new advertising, pricing information and negative option requirements, say attorneys at Hinshaw.

  • SDNY OpenAI Order Clarifies Preservation Standards For AI

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    The Southern District of New York鈥檚 recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a 鈥渒eep everything鈥 approach, says Philip Favro at Favro Law.

  • Compliance Steps To Take As FCRA Enforcement Widens

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    As the Fair Credit Reporting Act receives renewed focus from both federal and state enforcers, regulatory and litigation risk is most acute in several core areas, which companies can address by implementing purpose processes and quick remediation of consumer complaints, among other steps, say attorneys at Wiley.

  • 6 Shifts In Trump Tax Law May Lend A Hand To M&A Strategy

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    Changes in the Trump administration's recent One Big Beautiful Bill Act stand to create a more favorable environment for mergers and acquisitions, including full bonus depreciation and an expanded code section, say attorneys at K&L Gates.

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