https://www.law360.com/banking?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Banking Copyright 2026 Portfolio Media, Inc. en-US Tue, 26 May 2026 22:29:42 +0000 https://www.law360.com/banking/articles/2481956?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481956 A compliance lawyer convicted at trial for allegedly conning an Emigrant Bank unit out of $20 million by lying about his investment firm's tax lien collateral was sentenced Tuesday in Manhattan federal court to a year and a day in prison for what prosecutors say was a straight-up scheme to steal from a Federal Deposit Insurance Corporation-insured bank.  Tue, 26 May 2026 21:38:14 +0000 https://www.law360.com/banking/articles/2481844?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481844 New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong. Tue, 26 May 2026 21:29:55 +0000 https://www.law360.com/banking/articles/2481859?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481859 Charles Schwab and its investors have urged the Fifth Circuit to affirm a final deal they reached in Texas federal court to conclude an antitrust suit over its merger with TD Ameritrade, arguing among other things that Iowa's attorney general lacks standing to appeal the class settlement. Tue, 26 May 2026 21:12:23 +0000 https://www.law360.com/banking/articles/2481751?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481751 A company and its insurer have accused China Construction Bank Corp. of issuing fraudulent letters of credit valued at nearly $10 million, claiming in Illinois federal court that the country's largest bank has refused to honor reinsurance agreements the parties signed. Tue, 26 May 2026 21:00:34 +0000 https://www.law360.com/banking/articles/2481917?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481917 A debt buyer seeking to collect a debt must attach to its complaint a writing that shows the debt buyer owns the debt, the Colorado Supreme Court said Tuesday in ruling for a consumer who incurred a $671.29 credit card debt. Tue, 26 May 2026 20:53:24 +0000 https://www.law360.com/banking/articles/2481352?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481352 Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs. Tue, 26 May 2026 19:57:44 +0000 https://www.law360.com/banking/articles/2481860?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481860 A California man and a real estate company told a Texas federal judge that a Houston-based law firm improperly distributed money meant to pay off a loan to criminal elements, saying Tuesday that the law firm owes $1.3 million. Tue, 26 May 2026 19:33:58 +0000 https://www.law360.com/banking/articles/2481607?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481607 Fintech platform MoneyLion is looking to escape proposed class claims that it has violated Washington state laws with its customer referral program, arguing the allegations fail to show that the company helped users send referral messages to nonconsenting third parties. Tue, 26 May 2026 16:34:42 +0000 https://www.law360.com/banking/articles/2478506?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2478506 Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter. Tue, 26 May 2026 11:13:29 +0000 https://www.law360.com/banking/articles/2479716?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2479716 As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons. Mon, 25 May 2026 20:01:25 +0000 https://www.law360.com/banking/articles/2470226?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2470226 This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026. Fri, 22 May 2026 22:57:32 +0000 https://www.law360.com/banking/articles/2481344?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481344 Banking trade groups are urging a Chicago federal judge to follow a U.S. regulator's lead and confirm that Illinois' forthcoming restrictions on swipe fees are broadly preempted, pressing to capitalize on new federal rules that the state's attorney general says are "too little, too late." Fri, 22 May 2026 22:37:56 +0000 https://www.law360.com/banking/articles/2481354?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481354 A California federal judge has significantly narrowed a proposed class action accusing the operator of cryptocurrency exchange Crypto.com of allowing third parties to track the browsing activities of website visitors who rejected the use of cookies, cutting all the plaintiffs' allegations except for a single claim under the pen register provision of the California Invasion of Privacy Act. Fri, 22 May 2026 21:39:53 +0000 https://www.law360.com/banking/articles/2481395?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481395 The Federal Deposit Insurance Corp. on Friday issued a proposed rule to codify that stablecoin issuers under its supervision must comply with anti-money laundering, Bank Secrecy Act and sanctions requirements and to bolster the FDIC's coordination with the Treasury Department's illicit finance regulators. Fri, 22 May 2026 21:27:49 +0000 https://www.law360.com/banking/articles/2481312?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481312 Regions Bank has agreed to pay more than $4.9 million to settle allegations it was improperly paid by the government after approving forgiveness of a customer's Paycheck Protection Program loan that was ineligible for such treatment, the U.S. Department of Justice announced Friday. Fri, 22 May 2026 21:00:08 +0000 https://www.law360.com/banking/articles/2480926?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2480926 Kentucky banks have indicated they will drop their lawsuit over the Consumer Financial Protection Bureau's small-business loan data rule after the agency, now under the Trump administration, significantly scaled back the Biden-era reporting mandate. Fri, 22 May 2026 20:32:55 +0000 https://www.law360.com/banking/articles/2481391?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2481391 First Carolina Financial Services on Friday filed plans to go public on the New York Stock Exchange through an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP. Fri, 22 May 2026 18:31:16 +0000 https://www.law360.com/banking/articles/2480937?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2480937 A California state judge has freed Opportunity Financial from a California state regulator's pursuit of at least $100 million in fines for alleged predatory lending, sealing the fintech firm's victory over long-running "rent-a-bank" claims that threatened its business model in the state.  Fri, 22 May 2026 18:19:31 +0000 https://www.law360.com/banking/articles/2480662?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2480662 Structured settlement broker Integrated Financial Settlements Inc. and three affiliates have sued Riverside Capital NY in Connecticut state court, accusing the company of defamation and interference with business expectations for telling third parties about a purportedly improper $2.7 million Florida lien connected to an ex-CEO's allegedly unauthorized loans. Fri, 22 May 2026 17:55:24 +0000 https://www.law360.com/banking/articles/2480921?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/banking/articles/2480921 A Texas bank told a Florida bankruptcy court Friday it must toss a Chapter 11 trustee's adversary complaint accusing it of complicity in a $100 million theft of funds from a special needs nonprofit, arguing that it can't be held liable for the nonprofit's own wrongdoing.