Banking and Financial Services Litigation: Trends and Developments, Implications of Major Decisions
A live 90-minute premium CLE video webinar with interactive Q&A
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.
Outline
- Overview: trends in banking and financial services litigation
- Key 2024 and early 2025 rulings and current cases to watch as they work their way through state and federal courts
- Common plaintiffs’ claims
- Ongoing litigation regarding junk fees/convenience fees
- Payments litigation
- Anti-money laundering/Know Your Customer
- Debt collection and consumer protection
- Deposit accounts
- Increased risks and exposure with the use of AI
- Rise of mass arbitration and international arbitration and the enforceability of arbitration clauses in financial agreements
- Other important state and federal litigation trends and developments
- Implications of recent cases and strategies FIs should implement to maintain compliance under the evolving legal landscape
- What to expect in the second half of 2025 and beyond
Benefits
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?
Faculty
Elizabeth Ireland
Partner
Winston & Strawn
Clients in the financial services sector regularly seek out Ms. Ireland for advice and counseling pertaining to... | Read More
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.
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Kristine L. Roberts
Shareholder, Chair, Financial Services Department
Baker Donelson Bearman Caldwell & Berkowitz
Ms. Roberts is an experienced litigator who defends banking and financial institutions in class actions and... | Read More
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.
CloseEarly Discount (through 05/02/25)