/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Fri, 19 Dec 2025 22:01:39 +0000 /banking/articles/2424379?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424379 After 17 years of litigation, a certified class of homeowners got the final stamp of approval in California federal court for a $29.5 million settlement with PHH Mortgage and its captive reinsurer, both of which homeowners alleged received unlawful kickbacks from premiums paid for mortgage insurance. Fri, 19 Dec 2025 20:47:39 +0000 /banking/articles/2424188?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424188 The Federal Reserve Board on Friday took another step toward rolling out what are known as skinny master accounts for fintech firms, requesting public feedback on a special purpose Reserve Bank account prototype "tailored to the risks and needs of institutions focused on payments innovation." Fri, 19 Dec 2025 20:24:08 +0000 /banking/articles/2423983?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2423983 A former Wells Fargo executive has filed suit in California federal court, accusing the bank of systemic racial discrimination against Black employees and customers and alleging that he was retaliated against for challenging these practices. Fri, 19 Dec 2025 20:02:52 +0000 /banking/articles/2424228?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424228 Iowa's attorney general has appealed to the Fifth Circuit a Texas federal judge's final approval of a settlement ending an antitrust class action suit over The Charles Schwab Corp.'s merger with TD Ameritrade, following the Hawkeye State's previous objection claiming the deal offered class members insufficient relief. Fri, 19 Dec 2025 19:52:03 +0000 /banking/articles/2424362?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424362 Bank of America's securities unit will pay $225,000 to the Financial Industry Regulatory Authority to end claims it published error-filled reports about how it handled customer securities orders, FINRA has announced. Fri, 19 Dec 2025 19:29:06 +0000 /banking/articles/2424144?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424144 The U.S. Equal Employment Opportunity Commission and a loan company have asked a Georgia federal court to approve a $750,000 deal to end a suit alleging it fired an employee who asked for time off to recover from two major heart attacks. Fri, 19 Dec 2025 18:42:13 +0000 /banking/articles/2424333?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424333 The Texas Supreme Court on Friday ordered a redo in a valuation that saw Bank of America communicate with a supposedly neutral appraiser ahead of time, saying that a trial court improperly confirmed an $8 million appraisal of a Houston property. Fri, 19 Dec 2025 18:32:25 +0000 /banking/articles/2423948?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2423948 Cadence Bank has reached a $5.25 million deal to end negligence claims it faced in multidistrict litigation over the May 2023 breach of file transfer application MOVEit, a consumer affected by the breach has informed a Boston federal judge. Fri, 19 Dec 2025 16:16:21 +0000 /banking/articles/2424306?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424306 A nonprofit's unusual plan to make a mass pardon request directly to the Trump administration highlights burgeoning optimism among white collar defendants about their chances of securing relief, and a recognition that the clearest path to clemency no longer runs through the traditional channels. Fri, 19 Dec 2025 16:15:54 +0000 /banking/articles/2424113?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424113 A Manhattan federal judge sentenced a disbarred California lawyer to 18 months in prison Friday for scheming to reap $4 million in advance fees for bogus letters of credit while holding himself out as chief of compliance for a fake bank. Fri, 19 Dec 2025 15:19:57 +0000 /banking/articles/2424241?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424241 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. Fri, 19 Dec 2025 15:09:51 +0000 /banking/articles/2422026?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2422026 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. Fri, 19 Dec 2025 14:50:26 +0000 /banking/articles/2423860?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2423860 A North Carolina federal judge has certified a class of North Carolina borrowers who claim their loan servicer charged them exorbitant processing fees for paying their monthly mortgage by phone, finding there are common questions that are best resolved in a class action. Fri, 19 Dec 2025 14:32:09 +0000 /banking/articles/2424064?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424064 A California man was sentenced to 51 months in federal prison after being indicted this year on federal fraud charges and one count of tax evasion, the U.S. Department of Justice said. Fri, 19 Dec 2025 12:31:37 +0000 /banking/articles/2424053?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2424053 This past week in London has seen the designer of an 88-facet diamond bring a copyright claim against a luxury watch retailer, collapsed firm Axiom Ince bring legal action against the solicitors' watchdog, and the Post Office hit with compensation claims from two former branch managers over their wrongful convictions during the Horizon information technology scandal. Fri, 19 Dec 2025 10:45:25 +0000 /banking/articles/2422170?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2422170 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. Fri, 19 Dec 2025 10:26:43 +0000 /banking/articles/2422304?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2422304 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. Fri, 19 Dec 2025 10:21:24 +0000 /banking/articles/2422779?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2422779 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. Thu, 18 Dec 2025 21:52:25 +0000 /banking/articles/2414345?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2414345 Energy Transfer begged a North Dakota state judge Thursday to enter final judgment on a $345 million defamation and property damage verdict over the Dakota Access pipeline protests, saying the case is "off the procedural map," and it heard from the judge an acknowledgment that it's taken over his professional life. Thu, 18 Dec 2025 21:50:32 +0000 /banking/articles/2423756?utm_source=rss&utm_medium=rss&utm_campaign=section /banking/articles/2423756 The Office of the Comptroller of the Currency on Thursday formally ended a 2024 amendment to a previous consent order against Citibank over its risk management practices, with Citibank saying the relevant remediation programs are "nearly at target-state."