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April 23, 2026
The Federal Deposit Insurance Corp. said that bank loans to private equity, private credit and other nonbanks reached $1.4 trillion last year, identifying it as the fastest-growing category of lending for banks since the 2008 financial crisis.
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April 23, 2026
A proposed class action California, Michigan, New Jersey and New York residents filed against Robinhood Markets Inc. accuses the company of deceptively running an unlicensed sports gambling operation and seeks to recover billions of dollars in lost wagers and damages.
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April 22, 2026
The Consumer Financial Protection Bureau has moved to curtail enforcement of a decades-old federal fair lending statute, finalizing a rule that consumer advocates are condemning as an evisceration of antidiscrimination oversight.
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April 22, 2026
A childhood friend of the founder and former CEO of Dallas-based financial services firm Beneficient on Wednesday told a Manhattan federal jury that he fabricated email correspondence and signed documents misstating his time as head of what prosecutors say was a shell company used to pull off a $100 million fraud.
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April 22, 2026
Alston & Bird LLP urged a Florida federal court on Wednesday to toss a malpractice suit claiming the firm facilitated a $328 million cryptocurrency scam at Goliath Ventures Inc., arguing that the proposed class of Goliath investors who brought the suit were never clients of the firm.
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April 22, 2026
A day after being sued by the New York Attorney General's Office for allegedly running illegal gambling operations through sports and election event contract offerings, Coinbase and Gemini on Wednesday sent the cases to federal court, claiming their services are federally regulated by the U.S. Commodity Futures Trading Commission and not state gambling regulators.
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April 22, 2026
Imprisoned FTX founder Sam Bankman-Fried has told a New York federal judge that, although his attorney parents made suggestions regarding his motion for a new trial, he wrote the brief himself, but now wants to withdraw the request, because he doesn't "believe I will get a fair hearing on this topic in front of you."
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April 22, 2026
TD Bank NA and airline-owned financial technology company Airlines Reporting Corp. are facing a proposed class action in Delaware federal court accusing them of funneling airfare transaction data to the government through a "secret pipeline," in violation of consumers' financial privacy rights.
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April 22, 2026
An Illinois federal judge transferred a putative class action accusing Kalshi Inc. of violating Illinois gambling and consumer protection laws to New York, which has consolidated similar lawsuits claiming the platform falsely markets itself as a "prediction market," when it is actually running an illegal sports gambling operation.
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April 22, 2026
New York Gov. Kathy Hochul signed an executive order Wednesday blocking state officials from trading on prediction markets using insider information they obtained during the course of their official duties, citing recent reports of bets related to the U.S. military action within Venezuela and the war in Iran.
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April 22, 2026
Cryptocurrency entrepreneur Justin Sun is suing World Liberty Financial for fraud, claiming the Trump family-tied crypto firm's operators became "the new boogeyman behind the curtain" when they used backdoor mechanisms to hold Sun's tokens hostage after he invested $45 million in the project.
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April 21, 2026
Counsel for the founder of Beneficient on Tuesday told a Manhattan federal jury that the founder of the Dallas-based financial services firm did not defraud its onetime business partner GWG Holdings out of more than $100 million, saying a group of former insiders are trying to scapegoat the executive for GWG's downfall.
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April 21, 2026
Two federal lawmakers from California introduced a bipartisan bill on Tuesday that would create a path for nonbank fintechs to directly access the Federal Reserve's payment rails in the hopes of reducing bank fees and delays for consumers using payment apps.
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April 21, 2026
A California federal judge on Tuesday ordered Golden State indigenous groups, KalshiEx Inc. and Robinhood to explain why their fight over allegedly illegal gambling shouldn't be paused pending the Ninth Circuit's decision in a case determining whether Nevada can enforce state gambling laws against prediction markets.
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April 21, 2026
New York Attorney General Letitia James sued Coinbase and Gemini Tuesday, accusing them of "illegally running gambling operations" in the state through their prediction market offerings in twin actions that join a mounting pile of litigation between state gambling regulators and prediction market platforms.
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April 21, 2026
Federal Reserve chair nominee Kevin Warsh sought at his Tuesday confirmation hearing to rebut Democratic accusations that he would be a White House "sock puppet," distancing himself from President Donald Trump's calls for rate cuts and downplaying their significance.
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April 21, 2026
Cryptocurrency platforms Coinbase and Kraken failed to adequately protect a Boston man from a sophisticated "support" scam that led to the loss of $500,000, according to a lawsuit filed in Massachusetts state court on Tuesday.
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April 20, 2026
The U.S. Securities and Exchange Commission on Monday proposed relaxing certain reporting requirements for hedge funds and other private fund advisers by allowing smaller firms to forego filing a disclosure used to monitor systemic risk and nixing some of its questions around volatility, event reporting and indirect exposure altogether.
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April 20, 2026
Singapore swim-school operator Fitness Champs Holdings Ltd. was hit with a proposed class action accusing it of concealing a social media-driven "pump-and-dump" scheme in which stock promoters posed as financial advisers to hype the stock through online forums, destroying the company's market capitalization after the shares were dumped.
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April 20, 2026
A purported blockchain technology platform faces proposed class action allegations it made millions off a so-called rug pull, introducing a series of nonfungible tokens and teasing a cryptocurrency offering that never materialized, then selling those tokens into the artificial market it created and abandoning the platform.
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April 20, 2026
A Ninth Circuit panel appeared open Monday to reviving a proposed class action alleging Wells Fargo violated the Fair Credit Reporting Act by pulling credit reports after fraudsters opened illegitimate accounts, with one judge expressing concerns the dismissal was "jumping the gun" and another judge criticizing the ruling as ambiguous.
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April 20, 2026
A federal labor union pushed back Friday against a Consumer Financial Protection Bureau bid to proceed with a plan for shedding roughly half its remaining staffers, telling the D.C. Circuit that the agency's request should go first to the lower-court judge who froze layoffs there.
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April 20, 2026
The Delaware Chancery Court this past week delivered another mix of procedural rulings, fiduciary duty disputes and deal litigation, highlighting both the court's gatekeeping role and its continued focus on stockholder rights and transactional fairness.
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April 20, 2026
The U.S. Supreme Court on Monday questioned an attempt to limit the U.S. Securities and Exchange Commission's disgorgement powers, with conservative and liberal justices alike seemingly skeptical of the argument that the agency has to identify victims before it can demand the return of ill-gotten gains.
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April 20, 2026
Cleary Gottlieb Steen & Hamilton LLP announced on Monday that an alumnus of the firm who most recently worked as the head of responsible AI governance at Amazon has rejoined its ranks in New York.