'Not Doing Enough': Banks Grilled Over Zelle Fraud, Scams

By Jon Hill

Senate Democrats on Tuesday confronted bank executives over a new staff report that found three of the nation's largest banks have declined to reimburse customers in recent years for close to $900 million in payments reported as fraudulent or scam-related that were sent on Zelle, the largest U.S. peer-to-peer payment platform.

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CFPB Sued Over Its Probe Of Lease-To-Own Fintech Co.

By Sydney Price

Lease-to-own fintech company Acima has accused the Consumer Financial Protection Bureau of trying to overextend its authority with an unconstitutional investigation into the company's transactions that fall outside the bureau's purview. 

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Full Fed. Circ. Won't Undo TD Ameritrade's One-Word IP Win

By Dorothy Atkins

The full Federal Circuit on Monday denied a patent owner's en banc rehearing petition challenging a one-word ruling in favor of stockbroker TD Ameritrade in a high-stakes patent fight and effectively rejected an amicus party's legal challenge to the court's rule allowing one-word affirmance decisions.

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Nettled Exec Tells Jury Wells Fargo Doesn't Get His Disability

By Hayley Fowler

A former Wells Fargo managing director who claims he was terminated because of his disability wavered between being tearful and exasperated during four hours on the stand Tuesday as he tried to explain to a jury in Charlotte what workplace accommodations he was seeking and why.

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Teachers Say Loan Servicer's 'Abuses' Thwarted Forgiveness

By Sydney Price

The Higher Education Loan Authority of the State of Missouri has been hit with a suit from a powerful teachers' union alleging it "deliberately ignores" its responsibilities to millions of borrowers, forcing them to forgo the savings or forgiveness to which they are entitled.

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Capital One Card Holders Sue To Block Discover Merger

By Jared Foretek

Capital One credit card holders launched a proposed class action seeking to block the company's $35 billion purchase of Discover Monday, claiming the acquisition will drive down competition and further consolidate the already-concentrated credit card market.

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Senate Dems Roll Out Bill To Codify Chevron Deference

By Courtney Bublé

Sen. Elizabeth Warren, D-Mass., led a group of Democratic senators Tuesday in introducing a bill to codify the now-defunct doctrine of Chevron deference after it was struck down by the U.S. Supreme Court last month.

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Lawmakers Agree On Flexibility To Monitor AI In Finance

By Aislinn Keely

Lawmakers on the House Financial Services Committee agreed Tuesday that the stakes are high when it comes to regulating the use of generative artificial intelligence in financial and housing services, and appeared to agree with industry representatives that any regulation should prioritize flexibility to keep up with the fast-developing technology.

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No Victims, No Fraud, Trump Says In $465M Judgment Appeal

By Carolina Bolado

Donald Trump has appealed the $465 million judgment against him, arguing that the New York attorney general exceeded her authority in her civil fraud suit against the former president because the statute in question does not apply to victimless transactions.

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Chase, McKinsey Get FTC Inquiry Over 'Surveillance Pricing'

By Carolina Bolado

The Federal Trade Commission has issued orders to eight companies — including Mastercard, Chase, Accenture and McKinsey & Co. — seeking more information about the potential impact their practices of "surveillance pricing" products and services have on privacy, competition and consumer protection, the FTC said Tuesday.

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Cooperator In Cannabis Bank Fraud Case Dodges Prison

By Stewart Bishop

A U.K. national who testified against two businessmen accused of fooling banks into processing federally illicit transactions worth $150 million for California cannabis delivery company Eaze Technologies Inc. on Tuesday was spared from serving any time in prison.

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Analysis

Knives Out For Another Pro-Agency Landmark After Chevron

By Jeff Overley

Only weeks after U.S. Supreme Court conservatives took a hatchet to the judicial deference shown to federal agencies, right-leaning lawyers are imploring the justices to rock the administrative law realm again by gutting a New Deal-era precedent at the heart of the modern regulatory system.

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Chevron's End Puts Target On CFPB's Aggressive BNPL Rule

A recent interpretative rule by the Consumer Financial Protection Bureau, subjecting buy-now, pay-later loans to the same regulations as credit cards, is unlikely to survive post-Chevron challenges of the rule's partisan and shaky logic, say Scott Pearson and Bryan Schneider at Manatt.

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Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.

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Where Biden Stands On Judicial Noms Compared To Trump

By Courtney Bublé

With President Joe Biden now set to be a one-term president, it appears he can match President Donald Trump's record on district court nominees, but it's not likely he will on nominees to circuit courts.

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Dentons Brings On Former Big 4 Exec As New Global CEO

By Aebra Coe

Global law firm Dentons, which has made a name for itself by aggressive growth through combinations, has tapped a new global chief executive officer with leadership experience at accounting giant EY, the firm's first change at the top in over a decade.

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Mintz Reelects Bodian To Final Term As Managing Member

By Tracey Read

Mintz Levin Cohn Ferris Glovsky and Popeo PC announced Wednesday that Bob Bodian, who was already the longest-serving managing member in the firm's 91-year history, has been elected to a sixth and final three-year term.

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Jenner & Block Wants Out Of COVID Vax Refusal Firing Suit

By Katryna Perera

Jenner & Block LLP has asked an Illinois federal judge to toss a former employee's claims that she was fired after being denied a religious exemption from the firm's COVID-19 vaccine mandate, saying she didn't do enough to spell out her religious beliefs or how they conflict with the vaccine.

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Parts Of Klehr Harrison Bills Not Privileged, Pa. Panel Finds

By Emily Sawicki

Pennsylvania journalists can view the subject lines of invoice requests sent to the Pennsylvania Office of General Counsel by outside law firms including Klehr Harrison, with a state appeals court panel determining the information falls under the state's Right-to-Know Law and is not privileged, nor is it protected by a court order.

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Legal Tech Co.'s $1.3M Data Privacy Deal Gets OK'd

By Andrea Keckley

A Kansas federal judge granted preliminary approval to a proposed $1.3 million settlement between a data and professional services company catering to law firms and a class of thousands of its customers and employees, who said their personal information was stolen in a March 2023 data breach that exposed 200 gigabytes of sensitive information.

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Series

Being A Luthier Makes Me a Better Lawyer

When I’m not working as an appellate lawyer, I spend my spare time building guitars — a craft known as luthiery — which has helped to enhance the discipline, patience and resilience needed to write better briefs, says Rob Carty at Nichols Brar.

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