/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2025 saąúĽĘ´«Ă˝. en-US Fri, 12 Dec 2025 11:45:39 +0000 /banking/articles/2421347?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421347 This past week in London has seen Shell hit with a climate change claim from 100 survivors of a typhoon in the Philippines, London Stock Exchange-listed Oxford Nanopore bring legal action against its co-founder, and the editors of Pink News sue the BBC for defamation following its investigation into alleged sexual misconduct at the news site. Thu, 11 Dec 2025 23:18:07 +0000 /banking/articles/2421308?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421308 U.S. Treasury Secretary Scott Bessent said Thursday that the Financial Stability Oversight Council will pivot toward a focus on promoting economic growth through deregulation, charting a new course for the panel that mirrors shifts underway at its member agencies. Thu, 11 Dec 2025 20:17:19 +0000 /banking/articles/2421178?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421178 A California federal judge Thursday dismissed a payment solutions company's lawsuit accusing Visa Inc. of monopolizing the card payment processing services market, criticizing the company's latest complaint as being "harder to follow" than one previously tossed and still failing to allege any antitrust injury. Thu, 11 Dec 2025 20:02:55 +0000 /banking/articles/2421163?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421163 U.S. District Judge William Alsup on Thursday denied the U.S. Department of Education's request for an 18-month extension to process over 200,000 loan cancellation applications for students claiming they were defrauded by colleges they attended, calling it "totally unacceptable" and setting an April deadline to get the job done. Thu, 11 Dec 2025 19:17:46 +0000 /banking/articles/2421235?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421235 A California federal judge has released Visa from a securities fraud suit accusing it of concealing anticompetitive debit practices that are the subject of a lawsuit filed by the U.S. Department of Justice, saying the plaintiffs did not show that Visa's alleged omissions caused investors losses. Thu, 11 Dec 2025 18:28:32 +0000 /banking/articles/2421201?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421201 A Washington federal judge on Thursday appointed Hagens Berman Sobol Shapiro LLP and DiCello Levitt LLP as interim co-lead counsel over consolidated claims that Zillow paid kickbacks to brokers for referrals to its own mortgage services, among other anticompetitive conduct using company agents. Thu, 11 Dec 2025 17:56:19 +0000 /banking/articles/2421126?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421126 The Federal Reserve said Thursday that it has terminated a trio of enforcement actions against Credit Suisse Group AG and JPMorgan Chase & Co., lifting consent orders that were tied to alleged illicit finance practices and trade surveillance failures. Thu, 11 Dec 2025 17:40:18 +0000 /banking/articles/2421034?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2421034 The Fifth Circuit upheld conspiracy convictions for a Dallas man accused of fleecing a bank out of $3.6 million in renewed business loans, after rejecting his argument that the jury's learning of his brother's guilty plea tainted his case, ruling Wednesday that the plea did not directly implicate the man in the conspiracy. Thu, 11 Dec 2025 17:38:19 +0000 /banking/articles/2420994?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420994 Fintech lender Enova International said Thursday it plans to buy digital bank Grasshopper in a $369 million deal guided by Covington & Burling LLP, Squire Patton Boggs LLP and Hogan Lovells LLP. Thu, 11 Dec 2025 17:18:47 +0000 /banking/articles/2420457?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420457 Jefferson Capital, a Minnesota-based debt collection firm, has been hit with a class action in Philadelphia alleging the company violated the Fair Debt Collection Practices Act and state law by contacting third parties in the vicinity of people who owed money. Thu, 11 Dec 2025 17:17:54 +0000 /banking/articles/2418491?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2418491 As the law continued to take shape in the growing area of crypto-assets, this year saw a jump in crypto class action litigation, including noteworthy decisions on motions to compel arbitration and class certification, according to Justin Donoho at Duane Morris. Thu, 11 Dec 2025 17:15:48 +0000 /banking/articles/2420916?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420916 A Manhattan federal judge hit Terraform founder Do Kwon with a 15-year prison sentence Thursday, saying he caused "real people to lose $40 billion in real money" as he orchestrated a massive fraud that sunk the once high-flying crypto concern. Thu, 11 Dec 2025 16:26:31 +0000 /banking/articles/2418465?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2418465 U.S. Securities and Exchange Commission Chairman Paul Atkins' recent remarks provide a road map for public companies to exclude nonbinding shareholder proposals from proxy materials, which would disrupt the mechanism that has traditionally defined how shareholders and companies engage on governance matters, say attorneys at Gunderson. Thu, 11 Dec 2025 15:31:08 +0000 /banking/articles/2420702?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420702 Attorneys from Labaton Keller Sucharow LLP asked an Arizona federal court for nearly $10 million for their work negotiating a $39 million settlement between real estate firm Opendoor Technologies Inc. and its investors to resolve claims the company overhyped its pricing algorithm software. Thu, 11 Dec 2025 10:05:43 +0000 /banking/articles/2397158?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2397158 Stretching my skills as a knitter makes me a better antitrust attorney by challenging me to recalibrate after wrong turns, not rush outcomes, and trust that I can teach myself the skills to tackle new and difficult projects — even when I don’t have a pattern to work from, says Kara Kuritz at V&E. Wed, 10 Dec 2025 22:32:41 +0000 /banking/articles/2420743?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420743 Counsel for an aide to two New York governors on Wednesday tore into allegations that she secretly acted as an agent of the People's Republic of China, telling a Brooklyn federal jury that the government's case rests on nothing more than out-of-context chats and little relevant testimony. Wed, 10 Dec 2025 21:19:57 +0000 /banking/articles/2420467?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420467 Banking groups have asked the Tenth Circuit for a full court rehearing of their challenge to a Colorado law intended to curb high-cost lending in the state, arguing that a recent panel decision upholding the law restricts state-chartered banks' interstate lending and creates a circuit split over the meaning of where loans are "made." Wed, 10 Dec 2025 20:37:07 +0000 /banking/articles/2420744?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420744 When a former federal prosecutor, now cryptocurrency regulator, was tasked with writing the rules to govern the first state-issued stablecoin, she looked to the U.S. Constitution and Wyoming's own laws to ensure the legality of the project rather than Congress' stablecoin law. Wed, 10 Dec 2025 18:48:10 +0000 /banking/articles/2419964?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2419964 A Pennsylvania appellate panel upheld a $931,000 fine for a Gladwyne, Pennsylvania-based investment adviser for selling unregistered securities, agreeing with a Department of Banking and Securities finding that the investments in "merchant cash advance" businesses were not federal securities exempt from the state Securities Act. Wed, 10 Dec 2025 18:07:57 +0000 /banking/articles/2420348?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2420348 Financial services giant Capital One has pledged to pay influencers commissions, plus up to nearly $4 million in attorney fees and costs, and make changes to its online shopping browser extension to settle claims that it siphoned commissions away from influencer participants in its affiliate marketing program.