Jon Hill
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Covers:
Banking, consumer finance, financial services
Senior reporter covering banking and financial services for @Law360. Views expressed are mine only. RTs, follows ≠ endorsement. DM me on Signal (at) jonhill.360
Articles by Jon Hill
OCC Has 'Serious' Concerns On Calif. Climate-Disclosure Law
By Jon Hill ( October 30, 2026, 11:52 PM EDT) -- The Office of the Comptroller of the Currency is lobbying California environmental regulators for a national bank carveout from their anticipated state climate-related disclosure rules, signaling it could otherwise seek to shield banks with its federal preemption powers.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
CFPB Faces 2nd Suit Over Bid To 'Erase' Fair Lending Rules
By Jon Hill · October 29, 2026, 2:53 PM EDT One of the nation's oldest civil rights groups Thursday sued to overturn the Consumer Financial Protection Bureau's recent rollback of longstanding federal protections against lending discrimination, widening the ongoing legal battle... To view the full article, register now.
CFPB Faces 2nd Suit Over Bid To 'Erase' Fair Lending Rules
By Jon Hill ( October 29, 2026, 2:53 PM EDT) -- One of the nation's oldest civil rights groups Thursday sued to overturn the Consumer Financial Protection Bureau's recent rollback of longstanding federal protections against lending discrimination, widening the ongoing legal battle against the controversial rule change.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
CFPB Audit Flags Cybersecurity Gaps Amid Staff Departures
By Jon Hill ( October 28, 2026, 10:27 PM EDT) -- The Consumer Financial Protection Bureau has failed to promptly fix serious cyber weaknesses and consistently track data in its possession as staffing losses have hampered the agency's ability to safeguard its systems, according to a federal watchdog audit released Wednesday.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
AGs Sue To Block Treasury Rule Ending Shell Co. Reporting
By Jon Hill · October 27, 2026, 3:56 PM EDT Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime... To view the full article, register now.
AGs Sue To Block Treasury Rule Ending Shell Co. Reporting
By Jon Hill ( October 27, 2026, 3:56 PM EDT) -- Nearly two dozen states sued the Trump administration on Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
BREAKING: 8th Circ. Says Fed Must Rewrite Debit Swipe-Fee Cap
By Jon Hill ( October 26, 2026, 12:17 PM EDT) -- The Eighth Circuit on Monday struck down the Federal Reserve's regulatory cap on the swipe fees that larger banks may collect on debit-card transactions, handing a major victory to merchants that have long argued this cap was set too high.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Feds Urged To Nix Bank Examiner Limits Over AI Cyber Risks
By Jon Hill ( October 23, 2026, 10:42 PM EDT) -- The Senate Banking Committee's top Democrat called Friday for federal banking regulators to scrap recent policies that raise the bar for issuing and escalating supervisory criticism at banks, warning they could obstruct oversight needed to stay ahead of rising artifical intelligence-enabled risks.... Law360 is on it, so you are, too.
States Rip OCC's 'Beltway-Centric' Bid To Move Escrow Suit
By Jon Hill · October 21, 2026, 10:40 PM EDT An Oregon-led coalition of states is pushing back on a U.S. banking regulator's bid to throw out or transfer the coalition's lawsuit over the regulator's new rules that block their interest-on-escrow laws,... To view the full article, register now.
States Rip OCC's 'Beltway-Centric' Bid To Move Escrow Suit
By Jon Hill ( October 21, 2026, 10:40 PM EDT) -- An Oregon-led coalition of states is pushing back on a U.S. banking regulator's bid to throw out or transfer the coalition's lawsuit over the regulator's new rules that block their interest-on-escrow laws, arguing its "Beltway-centric view of the world" doesn't mean they were wrong to sue in Portland.... Law360 is on it, so you are, too.
CFPB's Debanking Push Puts Enforcement Reset To The Test
By Jon Hill ( October 20, 2026, 9:18 PM EDT) -- The Consumer Financial Protection Bureau is pledging to crack down on allegedly discriminatory debanking practices, but this enforcement initiative could put the agency on a collision course with both the limits of its authority and its commitment to avoiding "novel legal theories."... Law360 is on it, so you are, too.
Wells Fargo Beats Ex-CEO's $34M Back-Pay Lawsuit
By Jon Hill · October 16, 2026, 10:25 PM EDT Wells Fargo prevailed in a California state court battle with its former CEO Timothy Sloan over roughly $34 million in compensation he has accused it of wrongfully withholding after his 2019... To view the full article, register now.
Sweden's Biggest Bank To Pay $33M NY Fine Over AML Gaps
By Jon Hill ( October 15, 2026, 11:55 AM EDT) -- New York's financial services regulator has ordered Sweden's largest bank to pay a $33 million fine to resolve findings of past anti-money laundering deficiencies at its Baltic subsidiaries that allegedly exposed U.S. banks to heightened financial crimes risk.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
OCC Says Big Banks Cut Off Customers Over Reputation Risk
By Jon Hill ( October 14, 2026, 11:57 PM EDT) -- The Office of the Comptroller of the Currency is leveling fresh criticism at the biggest U.S. banks over so-called debanking, releasing a report that finds their use of reputational risk policies led to numerous instances of customers being "disadvantaged" based on their ideological views.... Law360 is on it, so you are, too.
By Jon Hill · October 9, 2026, 11:37 AM EDT President Donald Trump has established a committee to investigate mortgage fraud allegations against Federal Reserve Gov. Lisa Cook and to determine if they provide sufficient grounds to fire her, according to... To view the full article, register now.
BREAKING: Trump Picks Panel To Consider Claims Against Fed's Cook
By Jon Hill · October 9, 2026, 11:37 AM EDT President Donald Trump has established a committee to investigate mortgage fraud allegations against Federal Reserve Gov. Lisa Cook and to determine if they provide sufficient grounds to fire her, according to... To view the full article, register now.
BREAKING: Trump Picks Panel To Consider Claims Against Fed's Cook
By Jon Hill ( October 9, 2026, 11:37 AM EDT) -- President Donald Trump has established a committee to investigate mortgage fraud allegations against Federal Reserve Gov. Lisa Cook and to determine if they provide sufficient grounds to fire her, according to a memo released Friday by the White House.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
HUD Probes Wells Fargo's 'Racial Equity' Mortgage Initiatives
By Jon Hill · October 7, 2026, 2:59 PM EDT The U.S. Department of Housing and Urban Development said Wednesday that it is investigating whether Wells Fargo violated federal antidiscrimination laws by offering mortgage programs aimed at increasing Black homeownership rates.... To view the full article, register now.
HUD Probes Wells Fargo's 'Racial Equity' Mortgage Initiatives
By Jon Hill ( October 7, 2026, 2:59 PM EDT) -- The U.S. Department of Housing and Urban Development said Wednesday that it is investigating whether Wells Fargo violated federal anti-discrimination laws by offering mortgage programs aimed at increasing Black homeownership rates.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Justices Seek Trump Admin's Views In Escrow-Interest Fight
By Jon Hill · October 5, 2026, 11:01 AM EDT The U.S. Supreme Court asked Monday for the Trump administration to weigh in as the justices mull whether to take up a set of cases challenging whether federally chartered banks are... To view the full article, register now.
Justices Seek Trump Admin's Views In Escrow-Interest Fight
By Jon Hill ( October 5, 2026, 11:01 AM EDT) -- The U.S. Supreme Court asked Monday for the Trump administration to weigh in as the justices mull whether to take up a set of cases challenging whether federally chartered banks are exempt from state laws requiring lenders to pay interest on homeowners' escrow accounts.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Home Equity Fintech Is 1st Target Of Ex-CFPB Attys' Law Firm
By Jon Hill · October 2, 2026, 10:36 PM EDT Home equity fintech firm Unlock has used deceptive marketing and confusing contract terms to hide that its "investment" agreements are actually illegal high-cost loans, according to a new proposed class action... To view the full article, register now.
FDIC Says Workplace Culture Monitorship Has Ended
By Jon Hill · October 1, 2026, 10:17 PM EDT The Morrison Foerster LLP attorney hired to oversee the Federal Deposit Insurance Corp.'s efforts to address past issues with workplace misconduct has concluded her assignment after two years on the job,... To view the full article, register now.
CFPB Couldn't Verify Security Of Tech Left In Offices, IG Says
By Jon Hill ( October 1, 2026, 6:59 PM EDT) -- The Consumer Financial Protection Bureau left computer equipment sitting in its now-closed regional offices for more than a year-and-a-half without confirming that the hardware, and any sensitive material on it, was locked down, a federal watchdog said Thursday.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
11th Circ. Skeptical Of PACE Lenders' CFPB Rule Challenge
By Jon Hill · September 30, 2026, 8:34 PM EDT An Eleventh Circuit panel on Wednesday appeared poised to reject an industry challenge to Biden-era Consumer Financial Protection Bureau rules for providers of property-assessed clean-energy loans, repeatedly questioning claims that the... To view the full article, register now.
11th Circ. Skeptical Of PACE Lenders' CFPB Rule Challenge
By Jon Hill ( September 30, 2026, 8:34 PM EDT) -- An Eleventh Circuit panel on Wednesday appeared poised to reject an industry challenge to Biden-era Consumer Financial Protection Bureau rules for providers of property-assessed clean-energy loans, repeatedly questioning claims that the agency overstepped its authority.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Key Bank Policymaking Official To Depart Treasury
By Jon Hill · September 29, 2026, 8:11 PM EDT Luke Pettit, a top U.S. Department of the Treasury official who has helped shepherd the Trump administration's financial services policy agenda will step down next month, becoming the latest federal regulatory... To view the full article, register now.
Key Bank Policymaking Official To Depart Treasury
By Jon Hill ( September 29, 2026, 8:11 PM EDT) -- Luke Pettit, a top U.S. Department of the Treasury official who has helped shepherd the Trump administration's financial services policy agenda will step down next month, becoming the latest federal regulatory official to decamp in advance of the midterm elections. ... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Tether's Stablecoin Is Iran's 'Lifeline,' Senate Report Says
By Jon Hill ( September 28, 2026, 10:11 PM EDT) -- A new forensic analysis from U.S. Senate Democrats is fueling fresh scrutiny of the Trump administration's cryptocurrency oversight, finding that Tether's USDT token, the biggest U.S. dollar stablecoin, has become a key tool for Iranian sanctions evasion and terror financing.... Law360 is on it, so you are, too.
Ore. Judge Rejects CFPB Funding Cutoff Theory
By Jon Hill ( September 25, 2026, 10:42 PM EDT) -- An Oregon federal judge ruled Friday that the head of the Consumer Financial Protection Bureau cannot refuse to replenish the agency's funding, handing the Trump administration another loss on a now-suspended policy that almost shuttered the consumer watchdog last year. ... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
BofA Customers Drop Suit Over Post-Jan. 6 Data-Sharing
By Jon Hill ( September 23, 2026, 4:34 PM EDT) -- A proposed class action accusing Bank of America NA of illegally sharing customer information with law enforcement after the Jan. 6, 2021, U.S. Capitol attack has quietly come to an end, according to a notice filed late Tuesday in Florida federal court.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
4 Flashpoints In FDIC's Bid To Revamp Bank Merger Reviews
By Jon Hill ( September 23, 2026, 12:01 AM EDT) -- The Federal Deposit Insurance Corp.'s new plan to overhaul its bank merger review process is aimed at delivering faster, more predictable decisions on deals, but some of its key provisions could spark friction as banks and their critics weigh in over the coming weeks.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Fed 'Risk Aversion' Contributed To SVB's Failure, Report Says
By Jon Hill ( September 18, 2026, 10:05 PM EDT) -- A "culture of risk aversion" and diffusion of decision-making among Federal Reserve supervisory staff, not deregulation or social media chatter, contributed to the 2023 collapse of Silicon Valley Bank, according to initial findings from a new post-mortem review.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
FDIC Pitches Plan For Faster Bank Merger Reviews
By Jon Hill ( September 17, 2026, 10:18 PM EDT) -- The Federal Deposit Insurance Corp. moved Thursday to revamp its procedures for vetting bank mergers, floating a package of proposed changes that could speed up the agency's reviews for many transactions and lead to fewer getting held up over competition concerns.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Republicans Move Trump's CFPB Pick Ahead To Full Senate
By Jon Hill · September 17, 2026, 11:40 AM EDT President Donald Trump's latest pick to lead the Consumer Financial Protection Bureau moved closer to confirmation Thursday as Republican lawmakers voted to advance his nomination to the U.S. Senate floor.... To view the full article, register now.
Republicans Move Trump's CFPB Pick Ahead To Full Senate
By Jon Hill ( September 17, 2026, 11:40 AM EDT) -- President Donald Trump's latest pick to lead the Consumer Financial Protection Bureau moved closer to confirmation on Thursday as Republican lawmakers voted to advance his nomination to the U.S. Senate floor.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
State Bank Supervisor Group Issues AI Exam Framework
By Jon Hill ( September 16, 2026, 8:46 PM EDT) -- The Conference of State Bank Supervisors on Wednesday unveiled a new oversight framework for artificial intelligence at financial firms, rolling out resources aimed at giving state examiners a common roadmap for reviewing how their regulated institutions are deploying the technology.... Law360 is on it, so you are, too.
NY Flags AI Models As Cyber Risk Review Factor For Banks
By Jon Hill ( September 14, 2026, 11:04 PM EDT) -- A top New York regulator is urging the state's banks and insurers to stay on top of evolving cybersecurity threats, flagging the launch of powerful new artificial intelligence models as the kind of major market development that can necessitate updating their risk assessments.... Law360 is on it, so you are, too.
Consumer Groups Back Ore. In Fight Over Rate Opt-Out Law
By Jon Hill ( August 28, 2026, 4:05 PM EDT) -- Consumer advocacy groups have rallied to Oregon's defense in litigation over its new law aimed at capping interest rates on loans from out-of-state banks, arguing the state's financial industry challengers don't have history or federal law on their side.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
OCC, FDIC Raise Bar For Examiners To Criticize Banks
By Jon Hill ( August 27, 2026, 11:13 PM EDT) -- Federal banking regulators moved Thursday to rein in their use of supervisory warnings and enforcement actions, rolling out new standards that they said will focus examiner attention on material financial risks rather than process and documentation concerns.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Ex-OCC Counsel Joins Clark Hill's Banking Practice
By Jon Hill ( August 25, 2026, 11:07 PM EDT) -- Clark Hill PLC has expanded its financial services regulatory roster with the addition of a longtime member of the Office of the Comptroller of the Currency's law department who advised on bank exam issues, appellate litigation and corporate applications at the national bank regulator.... Law360 is on it, so you are, too.
Feds Scrap Biden-Era Policy On Credit-Access Programs
By Jon Hill · August 24, 2026, 8:06 PM EDT The Trump administration is withdrawing Biden-era guidance that encouraged banks and other lenders to offer specialized programs to boost credit access for underserved borrowers, according to a new Federal Register notice. ... To view the full article, register now.
NCUA No Longer Leaderless As Crews Sworn In, Named Chair
By Jon Hill ( August 24, 2026, 5:32 PM EDT) -- The National Credit Union Administration said Monday that President Donald Trump's pick to lead the federal credit union regulator has now formally taken office, ending its brief leaderless stretch without any sitting chairman or board members at its helm.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Banking Industry Pushes For Lighter Load On 'Camels'
By Jon Hill ( August 21, 2026, 11:34 PM EDT) -- The banking industry is pressing federal regulators to beef up their plan to rein in confidential supervisory ratings that are used to score the health of banks, urging them to set sharper limits around downgrade decisions and potentially ditch management-specific ratings entirely.... Law360 is on it, so you are, too.
CFPB Rips 'Baseless' CashCall Bid To Ax $157M Judgment
By Jon Hill ( August 20, 2026, 10:16 PM EDT) -- The Consumer Financial Protection Bureau has urged a California federal court to reject lender CashCall Inc.'s bid to wipe out its more than $157 million enforcement judgment, slamming its claims of a settlement bait-and-switch by the agency as "baseless."... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
OCC Advancing Stablecoin Rule At 'Great Speed,' Gould Says
By Jon Hill ( August 19, 2026, 6:15 PM EDT) -- The Office of the Comptroller of the Currency plans to issue the main rule establishing its stablecoin oversight framework by November and expects to be ready to process issuer licensing applications as soon as January, the agency's top official said Wednesday.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
NCUA Board Left Sitting Empty As Trump Pick Waits In Wings
By Jon Hill ( August 18, 2026, 7:22 PM EDT) -- The National Credit Union Administration has entered its second week with an empty governing board, an unusual leadership vacuum that could limit the agency's ability to take certain formal actions until President Donald Trump's newly confirmed board pick assumes office.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Big Banks Reach $86.4M Deal In Mexican Bond-Rigging Suit
By Jon Hill ( August 17, 2026, 7:54 PM EDT) -- Bank of America, HSBC and other global banks have agreed to pay $86.4 million to resolve investor class claims that they conspired to fix Mexican government bond prices, according to a proposed settlement unveiled on Friday in New York federal court.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
CIBC Deal Ends Hedge Fund's Pharma Stock Spoofing Suit
By Jon Hill ( August 13, 2026, 8:30 PM EDT) -- A lawsuit accusing major banks of manipulating a former Canadian pharmaceutical company's stock and inflicting millions in losses on a hedge fund is drawing to a close after more than five years of litigation, according to a Thursday filing in New York federal court.... Law360 is on it, so you are, too. A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence.
Lender Groups 'Wrong' On Interest Opt-Out Law, Ore. Says
By Jon Hill ( August 12, 2026, 10:55 PM EDT) -- Oregon is pushing back against financial industry groups' request to halt the state's new law aimed at capping interest rates on loans from out-of-state banks, arguing the lender trade groups suing in federal court over this so-called opt-out law are trying to impose limits on it that Congress never intended.... Law360 is on it, so you are, too.
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