Fintech

  • June 09, 2026

    The Law360 400: A Look At The Top 100 Firms

    The race to build the legal industry's largest law firm accelerated in 2025, with major firms leaning on mergers, lateral hiring and strategic expansion to climb the ranks of the Law360 400.

  • June 08, 2026

    Soldier's Maduro Raid Betting Case Set For December Trial

    A federal judge in Manhattan set a December trial date Monday in a "novel" and "complex" insider trading case against a U.S. Army soldier accused of unlawfully profiting off prediction market bets based on his knowledge of the January capture of deposed Venezuelan President Nicolás Maduro.

  • June 08, 2026

    NCUA Moves To Preempt Ill. Swipe-Fee Law For Credit Unions

    The National Credit Union Administration moved Monday to shield federal credit unions from state-level efforts to limit swipe fees, issuing a fast-tracked rule that escalates national regulatory pushback against the Illinois Interchange Fee Prohibition Act.

  • June 08, 2026

    Payment Co. Omitted Pay Info From Job Posts, Suit Claims

    Payment processor Vendara routinely omitted pay and benefits information from job postings in violation of Washington state law, an applicant has claimed in a proposed class action, alleging the missing information wasted his time and negatively impacted his earnings.

  • June 08, 2026

    Over 200 Crypto Orgs Urge Senate To Act On Clarity Bill

    More than 200 crypto firms and industry groups are urging Senate leaders to set a full vote for the crypto market structure bill the Clarity Act.

  • June 08, 2026

    Skadden-Led First Carolina Bank Unveils Plan For $82.5M IPO

    First Carolina Financial Services Inc., a community bank with branches in four southeastern states, said Monday that it plans to offer 5.5 million shares at a price range of $14 to $16 in an initial public offering steered by Skadden Arps Slate Meagher & Flom LLP and Troutman Pepper Locke LLP.

  • June 08, 2026

    Ad Watchdog Refers Kalshi For Refusing Influencer Ad Inquiry

    An advertising industry self-regulatory body said Monday that it's referring Kalshi Inc. to regulators "for review and possible enforcement action" after the prediction market platform allegedly declined to answer an inquiry into whether it took steps to ensure its online promoters disclosed their ties to the firm when boosting it on social media.

  • June 08, 2026

    Bankman-Fried Seeks Trump Pardon On FTX Fraud Conviction

    FTX founder Sam Bankman-Fried, who is currently serving a 25-year prison sentence, has asked President Donald Trump to pardon him for defrauding customers who placed billions of dollars with the fallen cryptocurrency exchange, according to the U.S. Department of Justice's Office of the Pardon Attorney.

  • June 05, 2026

    Justices Signal Openness To Future SEC Disgorgement Cases

    The U.S. Securities and Exchange Commission's victory before the U.S. Supreme Court Thursday is likely to give the agency a leg up in settlement negotiations, but attorneys say that some defendants will continue to press judges to review the agency's disgorgement requests based on questions that the high court still hasn't answered.

  • June 05, 2026

    Klarna Says 'Buy Now, Pay Later' Users Agreed To Arbitration

    Klarna is fighting to send to arbitration a proposed class action that alleges its "buy now, pay later" service targets financially vulnerable people without screening out unaffordable lending, saying the lead plaintiffs have agreed multiple times to arbitrate disputes over Klarna's products and services.

  • June 05, 2026

    Ex-CFO Faces $35M Restitution With No Crypto Offset

    A Washington federal judge has ordered Fabric Inc.'s former chief financial officer to pay $35 million in restitution after he embezzled the sum from the software firm to invest in crypto tokens that later collapsed, rejecting his arguments that he shouldn't be on the hook for losses that occurred after he gave the tokens to the firm.

  • June 05, 2026

    Crypto Parent Calls Genesis Suit Improper Forum Shopping

    Digital Currency Group Inc. has asked a federal court to pull a Delaware Court of Chancery lawsuit brought by bankrupt crypto lender Genesis Global into the New York bankruptcy proceedings that have overseen the companies' dispute for more than two years, arguing that the case overlaps with claims already being litigated there.

  • June 05, 2026

    FinCEN, CFPB Flag Immigration-Linked Risks In Banking Push

    Federal regulators on Friday pressed banks to apply greater immigration-related customer scrutiny, issuing guidance that urges closer monitoring to flag employment of unauthorized workers and cautions immigration status may need to factor into some lending decisions.

  • June 04, 2026

    States Concerned By Treasury's 'OCC-Centric' Stablecoin Plan

    State regulators are urging the U.S. Department of the Treasury to look beyond the coming stablecoin standards promulgated by the Office of the Comptroller of the Currency when assessing the adequacy of state regimes overseeing issuers of the stable-value tokens.

  • June 04, 2026

    Swipe-Fee Class Opposes Rethink For Sanctioned Injury Firm

    Personal injury firm Betz & Baril PLC and its referral partner ClickFunds have no grounds to seek reconsideration or clarification on a New York federal judge's sanctions for misleading would-be class members in long-running antitrust litigation against Visa and Mastercard, the merchant class said Thursday.

  • June 04, 2026

    OCC's Gould Defends Trump EO On Immigrant Bank Scrutiny

    Republican tensions over President Donald Trump's recent order for greater immigration-related customer scrutiny at banks were on view Thursday in the U.S. House of Representatives as one top regulator told a GOP lawmaker that her concerns about its industry impact were "overblown."

  • June 04, 2026

    DOJ Says Meta And Others Froze $3.8M Tied To Crypto Fraud

    The U.S. Department of Justice announced that private sector corporations, including Meta Platforms Inc. and Google LLC, voluntarily froze over $3.8 million in stolen cryptocurrency during an event known as "Disruption Week."

  • June 04, 2026

    Simpson Thacher, Davis Polk Lead Liftoff Mobile's $437M IPO

    AI-powered advertising platform Liftoff Mobile Inc. hit public markets Thursday, raising $437 million in its initial public offering that was steered by Simpson Thacher & Bartlett LLP and Davis Polk & Wardwell LLP.

  • June 04, 2026

    CFTC Follows SEC In Rescinding No-Denial Settlement Policy

    The Commodity Futures Trading Commission has rescinded its policy of not accepting settlement offers in which defendants deny the allegations against them, following a similar move recently made by the U.S. Securities and Exchange Commission.

  • June 04, 2026

    JD Power Claims Chime's Bogus '#1' Banking Ads Rip Off TMs

    J.D. Power has hit Chime Financial Inc. with a lawsuit in New York federal court, accusing the fintech company of willfully infringing J.D. Power's trademarks to support a "widespread, multi-channel" deceptive advertising campaign falsely suggesting that the data analytics firm rated Chime "America's #1 Choice for Banking."

  • June 04, 2026

    Texas AG Says ActBlue 'Fraud' Outweighs Free-Speech Concern

    Counsel for Texas Attorney General Ken Paxton urged a skeptical Massachusetts federal judge on Thursday not to block an enforcement action against Democratic fundraising platform ActBlue, arguing any "incidental" infringement of the group's First Amendment rights is outweighed by alleged evidence that it violated a Texas consumer protection law.

  • June 04, 2026

    Conn. Looks To Wipe Out CFTC's Contract Crackdown Suit

    Connecticut has taken aim at the U.S. Commodity Futures Trading Commission, blasting the agency's federal lawsuit to halt the state's efforts to police event contract trading as "wrongheaded."

  • June 04, 2026

    SEC Disgorgement Powers Stay Intact After High Court Fight

    The U.S. Supreme Court on Thursday said that the U.S. Securities and Exchange Commission could collect ill-gotten gains from alleged fraudsters without having to identify victims who were financially harmed by the fraud, declining to place further limits on the agency's disgorgement powers six years after it last did so.

  • June 03, 2026

    Feds Pitch 63-Month Sentence For Player In Oil Investor Scam

    Federal prosecutors argued Tuesday that a Washington man should be sentenced to 63 months in prison for moving tens of millions of dollars from investors to overseas bank and cryptocurrency accounts as part of a fraud scheme, while the defendant sought a 15-month sentence, saying he was enticed by "sophisticated international criminals."

  • June 03, 2026

    Balwani Takes Theranos Conviction Challenge To Justices

    Former Theranos executive Ramesh "Sunny" Balwani is asking the U.S. Supreme Court to review his criminal fraud conviction and nearly 13-year prison sentence, arguing that the Ninth Circuit used the wrong review doctrine in rejecting his argument that prosecutors had failed to correct allegedly false testimony given by investor victims.

Expert Analysis

  • Series

    Alpine Skiing Makes Me A Better Lawyer

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    Skiing has shaped habits I rely on daily as an attorney — focus, resilience and the ability to remain steady when circumstances shift rapidly — and influences the way I approach legal strategy, client counseling and teamwork, says Isaku Begert at Marshall Gerstein.

  • Understanding The SEC's Consequential Crypto Guidance

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    The U.S. Securities and Exchange Commission's recent interpretive release — its most comprehensive statement ever on the application of the federal securities laws to crypto-assets — reimagines the Howey test to resolve long-standing questions over what is a security, but leaves many issues unresolved, say attorneys at Cahill.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q1

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    In the first quarter of 2026, New York's banking developments were headlined by initiatives to expand oversight of financial institutions and strengthen consumer protection laws, including a new framework for buy now, pay later lenders, a sweeping debt collection rule and a revised corporate self-disclosure program for financial crimes, say attorneys at Proskauer.

  • AI Recruiting Suit Shows Old Laws May Implicate New Tools

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    The Fair Credit Reporting Act allegations recently filed in Kistler v. Eightfold AI, are the latest example of broad definitional language in legacy statutes proving far more dangerous to companies deploying artificial intelligence – particularly in hiring – than any purpose-built artificial intelligence regulation, say attorneys at Ogletree.

  • 2 Rulings Poke Holes In Mandatory Restitution Framework

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    The U.S. Supreme Court’s recent ruling in Ellingburg v. U.S., as well as the Third Circuit’s recent ruling in U.S. v. Abrams, provide criminal defense practitioners with new tools to challenge Mandatory Victims Restitution Act orders, and highlight several restitution-related issues that converged in the recent prosecution of former Frank CEO Charlie Javice, say attorneys at Lankler Siffert & Wohl.

  • What A Court Doc Audit Reveals About Erroneous Filings

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    My audit of 1,522 court documents from last month found that over 95% contained at least one verifiable error, with fewer than 1% showing clear indicators of artificial intelligence use — highlighting above all else that lawyers may want to focus most on strengthening their review processes, says Elliott Ash at ETH Zurich.

  • Regulators' Basel Pitch May Bring Banks Capital Relief

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    The prudential banking agencies' new proposals to implement the so-called Basel III endgame rules — which would modify the approach to risk-based capital, among other notable changes — represent a fundamental directional shift in bank capital requirements aimed at increasing lending capacity, says Chen Xu at Debevoise.

  • How SEC And CFTC Are Attempting To End Their 'Turf War'

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    Through coordinated examinations and a shared aim to end duplicative regulation, the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission's recent memorandum of understanding could represent a significant shift in the regulatory landscape for market participants subject to the jurisdiction of both agencies, say attorneys at Jenner.

  • Parsing Rule 12(c) Motion Overuse In Securities Class Actions

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    Defendants in securities class actions have more frequently been filing motions for judgment on the pleadings following the denial of motions to dismiss, but courts have recently demonstrated an increasing willingness to reject these previously rare motions, finding them transparent attempts to relitigate already-decided issues, say attorneys at Labaton Keller.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q1

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    Michigan's financial services sector saw several significant developments in 2026's first quarter, including the state Department of Insurance and Financial Services' issuance of a bulletin on the use of artificial intelligence and the Michigan House's introduction of a bill based on the Model Money Transmission Modernization Act, say attorneys at Dykema.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q1

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    As usual, California remained a hub for financial services activity in the first quarter of 2026, with key developments including the California Department of Financial Protection and Innovation's eye on consumer issues, a bill targeting "pig butchering" schemes, and jam-packed courts, say attorneys at Joseph Cohen.

  • Series

    Ultramarathons Make Me A Better Lawyer

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    Completing a 100-mile ultramarathon was tougher, more humbling and more rewarding than I ever imagined, and the experience highlighted how long-distance running has sharpened my ability to adapt to the evolving nature of antitrust law and strengthened my resolve to handle demanding, unforeseen challenges, says Dan Oakes at Axinn.

  • When AI Puffery Becomes Actionable Securities Fraud

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    Though courts usually hold that vague but optimistic corporate statements don’t constitute securities fraud, signs suggest that investors may give enough economic weight to references to artificial intelligence in public company disclosures that broad feel-good statements could cross into actionable misrepresentation, says Christine Polek at Keystone Strategy.

  • Series

    Pa. Banking Brief: All The Notable Legal Updates In Q1

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    The first quarter of 2026 brought several consequential developments for Pennsylvania financial institutions, including the state banking department's first assessment overhaul in 10 years, a bill prohibiting interchange fees on card transaction sales taxes and a federal appeals court's upholding of a $52 million enforcement action, say attorneys at Gross McGinley.

  • Getting The Most Out Of Learning And Development Programs

    Excerpt from Practical Guidance
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    Junior associates can better develop the legal, business and interpersonal skills they need for long-term success by approaching their firms’ learning and development programs armed with five tips for getting the most out of these resources, says Lauren Hakala at Reed Smith.

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