Legal & Regulation

Bank Regulation
China Shutters Nearly 25% of Its Banks Amid Oversight Push
October 04, 2026

China has reportedly closed almost 25% of its banks amid increased oversight of smaller lenders. The world’s second largest economy shuttered a record 670-plus banks in 2025, the Financial Times (FT) reported Saturday (Oct. 3), citing figures from China’s National Financial Regulatory Administration. The closures,...

Bank Regulation
ICBA Sues OCC to Stop Alleged Fast-Track of Crypto Bank Charters
October 02, 2026

Independent Community Bankers of America sued the Office of the Comptroller of the Currency, alleging that the regulator authorized cryptocurrency firms to enter the banking system without being subject to the same scrutiny as community banks, according to a Friday (Oct. 2) press release from the association. The lawsuit centers...

Bank Regulation
OCC Grants Clean Bill of Health to 13 Banks in Latest Community Lending Audit
October 02, 2026

The Office of the Comptroller of the Currency rated three banks “outstanding” and 10 “satisfactory” in its latest list of banks examined for Community Reinvestment Act (CRA) compliance, the OCC said in a Thursday (Oct. 1) press release. Among the OCC’s performance evaluations that became...

Legal & Regulation
CFPB Clears Hardware From Vacated Offices After Watchdog Security Warning
October 01, 2026

A government watchdog issued a report Wednesday (Sept. 30) saying that it had recommended that the Consumer Financial Protection Bureau (CFPB) secure hardware assets that it left at former regional offices it vacated in early 2025. The watchdog, the Office of Inspector General for the...

Legal & Regulation
CFTC Moves to Define Prediction Markets as Swaps Amid Jurisdiction Battle
October 01, 2026

The Commodity Futures Trading Commission is moving to write its claim of authority over prediction markets directly into federal regulations. The CFTC sent the White House two proposed rules Monday (Sept. 28) that could strengthen its hand in an escalating jurisdictional fight with state gambling...

Legal & Regulation
BofA’s Merrill Lynch Settling Cash Sweep Suit for $39 Million
October 01, 2026

Merrill Lynch has reportedly agreed to settle a lawsuit accusing it of underpaying brokerage customers. The Bank of America-owned brokerage will pay $39 million in the settlement, Reuters reported Wednesday (Sept. 30), citing court documents. The class action suit accused Merrill of paying brokerage customers near-zero interest rates rather...

ANTITRUST
Brink’s Offers to Sell ATM Unit to Clear UK Antitrust Hurdle for NCR Atleos Deal
September 30, 2026

The Brink’s Company agreed to propose divesting its ATM-related product and service businesses, NoteMachine/TestLink UK, in connection with a United Kingdom regulator’s review of its previously announced agreement to acquire NCR Atleos, Brink’s said in a statement released Wednesday (Sept. 30). Brink’s also said in...

Legal & Regulation
CFTC Proposes Rules to Say Prediction Markets Are Not Gambling
September 30, 2026

America’s prediction markets regulator has submitted two rules for White House review as it battles states over industry oversight. The Commodity Futures Trading Commission (CFTC) rules, the subject of a report Wednesday (Sept. 30) by CoinDesk, would connect event contracts to the regulatory definition of swaps, and establish that they’re not...

Legal & Regulation
Thomson Reuters Wins AI Copyright Battle
September 29, 2026

A U.S. appeals court upheld a ruling for Thomson Reuters in its copyright lawsuit against Ross Intelligence that centers on artificial intelligence training, Reuters reported Tuesday (Sept. 29). Thomson Reuters is the parent company of Reuters. Thomson Reuters filed the suit in 2020, alleging that...