Law and legal issues

More than 20,000 consumers have seen their bank accounts abruptly terminated in recent months. Experts believe financial institutions are responding to the Trump administration's restrictionist immigration policies.

JPMorgan wants a judge to overturn the FINRA arbitration award it was hit with after firing one of its brokers over expenses stemming from a Super Bowl-timed client meeting.

The D.C. Circuit Court of Appeals halted the Trump administration's attempt to fire nearly two-thirds of the Consumer Financial Protection Bureau's workforce, upholding a March 2025 injunction.

Banking and fintech trade groups have filed suit against the State of Oregon over a new lending law that they say unlawfully restricts interest-rate exportation by out-of-state state banks and threatens access to credit.

The Atlanta bank was ordered to pay nearly $80 million to the former head of its equipment-finance subsidiary Balboa Capital

The bank has decided it doesn't want to be at the mercy of tech companies and the price they demand for services, and is building its own "AI factory."

Federal prosecutors arrested and charged Mahender Makhijani, 44, with orchestrating a $100 million bank fraud against Western Alliance Bancorp.

Federal prosecutors have sought records and account closure data from banks as the Trump administration continues to clash with the industry.

A federal judge let fraud claims against Meta proceed, finding its AI ad tools may have helped build ads that impersonated a Bank of America executive.

Within hours of a judge's approval of an interchange settlement, merchant lobbyists were crying foul over the latest attempt to end a two decade legal fight, making references to "next steps," while analysts predicted an appeal.

The AI-powered fintech accused the neobank and buy now, pay later lender of misappropriating its trade secrets and breaching its license and loan sale agreements.

The former crypto wunderkid added a presidential-pardon application to the long list of attempts to get his sentence reduced.

The suit tests an unusual theory: that a borrower's lawyer crossed from representing a client into joining a $145 million fraud.

The consumer intelligence company alleged that Chime willfully misused J.D. Power's name and trademark in its marketing materials. The neobank said it would "vigorously" defend its position.

A federal judge blocked Illinois from enforcing its interchange fee ban for taxes and tips against national banks and card networks after the Office of the Comptroller of the Currency's recent intervention materially altered the court's preemption analysis.

Lawmakers early on Monday voted to push the effective date of the law, which would ban interchange fees on the tax and tip portions of transactions, to July 1, 2027, marking the second delay as merchants and banks continue to battle in court. 

The Department of Justice said that Birmingham, Alabama-based Regions sought forgiveness from the Small Business Administration for a Paycheck Protection Program loan that the bank should have known did not qualify.

The National Credit Union Administration Tuesday submitted a rule to the Office of Management and Budget stating that federal law preempts state laws on interchange, blocking an Illinois statute banning the collection of swipe fees on taxes and tips.

The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.

Columbia caught the attacker still inside its systems on Dec. 19, three days before the access window closed, then took four months to notify customers.