The Independent Community Bankers of America (ICBA) has taken its long-running opposition to the Office of the Comptroller of the Currency’s (OCC) chartering of cryptocurrency companies to the courts.
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DOJ issues Corporate Enforcement Directive
Summary
On October 1, 2026, Assistant Attorney General Colin M. McDonald of the Department of Justice (DOJ) National Fraud Enforcement Division issued Directive 26-12 on corporate enforcement. The directive identifies four priority areas and instructs prosecutors to give “great weight”
Relief May Soon be on the way for Employers Before the NLRB
On August 26 the General Counsel of the National Labor Relations Board, Crystal S. Carey, issued amemorandum in which she identified a number of past decisions issued by the Biden-era NLRB for which she intends to seek reversal before the
Governor Newsom Signs SB 690, Ending the Private Right of Action Under CIPA’s Pen Register and Trap-and-Trace Provision
On September 30, 2026, Governor Gavin Newsom signed Senate Bill 690, the product of a multi-year push to curb abusive litigation under the California Invasion of Privacy Act (CIPA). As previously reported, SB 690 cleared the Senate and Assembly on
Podcast Release: SpaceX’s Novel Shareholder Dispute-Resolution Bylaws Could Have Far-Reaching Implications
The SpaceX IPO generated enormous attention for obvious reasons. It was the largest IPO in history, and the company’s stock price initially surged after trading began. But an important legal development associated with the IPO has received considerably less attention:
Third District Court Rejects OLC’s Interpretation of CFPB Funding Statute
Judge Aiken Holds That “Combined Earnings” Means Federal Reserve Revenue, Not Profit
In a September 25, 2026, decision, Judge Ann Aiken of the U.S. District Court for the District of Oregon became the third federal district judge to reject the
FinCEN Proposes to Designate Banque Misr UAE as a Primary Money Laundering Concern and Revoke Correspondent Banking Access
The Financial Crimes Enforcement Network (“FinCEN”) has proposed to revoke Banque Misr UAE’s (the “Bank”) correspondent banking access to U.S. financial institutions, finding that that the Bank is a financial institution operating outside of the U.S. and is of primary
Personnel Records, New Rules: What NY Employers Need to Know
New York has entered the world of mandating access to personnel records. Governor Kathy Hochul signed new legislation that grants employees and former employees a statutory right to inspect, copy, and dispute the contents of their personnel files. Senate Bill
NLRB Eases Path to Discipline Employees for Offensive Workplace Conduct Tied to Section 7 Activity
The National Labor Relations Board (“NLRB” or “Board”) this week confirmed that the Wright Line standard remains binding precedent for employers navigating discipline of employees for offensive conduct during otherwise protected Section 7 activity. This case brings to a close—at
Illinois Court Extends Preemption of IFPA to Federal Credit Unions
In an important September 22 decision, the U.S. District Court for the Northern District of Illinois expanded its prior rulings concerning the Illinois Interchange Fee Prohibition Act (“IFPA”) to federal credit unions. The court granted the Illinois Bankers Association’s