Banking and Financial Services Litigation: Trends and Developments, Implications of Major Decisions
Course Details
- smart_display Format
On-Demand
- signal_cellular_alt Difficulty Level
Intermediate
- work Practice Area
Banking and Finance
- event Date
Thursday, May 29, 2025
- schedule Time
1:00 p.m. ET./10:00 a.m. PT
- timer Program Length
This CLE webinar will discuss significant banking and financial services decisions rendered in 2024 and the first part of 2025 and the implications of these decisions on financial institutions (FIs) trying to maintain compliance and mitigate risks under the current legal framework. The panel will examine common plaintiffs' claims and theories of harm, provide guidance on proactive steps FIs should take to prepare for and defend against potential lawsuits, and look at key litigation trends and developments for 2025 and beyond.
Clients in the financial services sector regularly seek out Ms. Ireland for advice and counseling pertaining to regulatory matters, white collar defense, and high-stakes government/internal investigations. She has defended a wide range of companies in class actions and successfully won cases at all stages of litigation. Ms. Ireland frequently works with companies and audit committees in connection with internal investigations, regulatory defense, and white collar criminal matters. She has worked on multiple investigations in connection with whistleblower allegations. Ms. Ireland has also worked with banking clients on multiple Consumer Financial Protection Bureau enforcement and supervisory actions, and has represented clients in matters against the Department of Justice, Office of the Comptroller of the Currency, Federal Reserve Bank, Commodities Futures Trading Commission, National Futures Association, Senate Permanent Subcommittee on Investigations, and Federal Trade Commission, among other government/regulatory entities. She presents regularly about the topic of attorney-client privilege and has represented companies in connection with unique privilege-related issues.
Ms. Roberts is an experienced litigator who defends banking and financial institutions in class actions and other complex litigation matters in federal and state courts. She has represented clients in a wide variety of trial and appellate matters, including class actions and derivative actions, securities actions, breach of contract actions, fraud claims, fiduciary and trust litigation, bank deposit claims, business disputes, and other complex litigation of a commercial nature.
During 2024 and early 2025, there have been important litigation developments in the banking and financial services sector that will significantly impact banks and FIs. These cases involved claims regarding debt collection and consumer protection, credit reporting fraud, anti-money laundering/Know Your Customer, deposit accounts, and the ongoing litigation surrounding junk fees/convenience fees, among several other types of claims.
Counsel should understand the implications of these rulings for their financial services clients in order to advise clients on adapting their policies and procedures, risk mitigation, and litigation strategies for clients facing lawsuits.
Listen as our authoritative panel discusses the recent trends and developments in financial services litigation and provides guidance for counsel advising clients under the evolving legal framework.
I. Overview: trends in banking and financial services litigation
II. Key 2024 and early 2025 rulings and current cases to watch as they work their way through state and federal courts
A. Junk fees/convenience fees
B. Anti-money laundering/Know Your Customer
C. Debt collection and consumer protection
D. Deposit accounts
E. Data privacy and data security
III. Rise of mass arbitration and the enforceability of arbitration clauses in financial agreements
IV. Increased risks and exposure with the use of AI
V. Implications of recent cases and strategies FIs should implement to maintain compliance under the evolving legal landscape
VI. What to expect in the second half of 2025 and beyond
The panel will review these and other key considerations:
- What were the key financial services litigation trends and developments in the last year?
- What proactive steps can FIs take to mitigate their litigation risks and prepare for or defend against a potential lawsuit?
- What are changes FIs should make to their policies and procedures in light of recent decisions?
- What are key trends and developments to watch for in this area for 2025 and beyond?
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