Fintech

  • May 14, 2026

    FDIC Signs Off On Stellantis Industrial Bank Bid

    Stellantis, the company behind Chrysler, Jeep and Dodge cars, has received Federal Deposit Insurance Corp. clearance to open a U.S. industrial bank, a move that will put all of Detroit's "Big Three" automakers on track to own federally insured lenders.

  • May 14, 2026

    Brown-Forman Rejects $15B Takeover Offer, More Rumors

    Alcoholic drink maker Brown-Forman rejected rival Sazerac's $15 billion takeover offer; fintech Digital Asset is seeking a $2 billion valuation with its latest funding round; and shoemaker Skechers has upped its offer to settle an investor lawsuit.

  • May 14, 2026

    2nd Circ. Backs 20-Year Stretch For Forcount Fraudster

    The Second Circuit on Thursday affirmed a 20-year sentence for an Ecuadorian man from Florida who pushed the $14 million, international Forcount cryptocurrency Ponzi scheme, concluding that "any error" from a broadcast of the sentencing did not impact the outcome.

  • May 14, 2026

    Fenwick Hit With FTX Suit In DC Over $525M Losses

    A group of former FTX customers has sued Fenwick & West LLP in federal court in Washington over its work representing FTX from 2018 to 2022, seeking to recover more than $525 million for losses stemming from the cryptocurrency exchange's collapse.

  • May 14, 2026

    Senate Banking Committee Advances Landmark Crypto Bill

    The latest version of a bill to regulate crypto markets advanced out of the Senate banking committee on Thursday in a vote that saw two Democrats break with their colleagues to support the measure, though they warned their continued support of the so-called Clarity Act is contingent upon adding ethics language and other updates before the bill reaches the Senate floor.

  • May 14, 2026

    'Pig Butchering' Crypto Scam Victim Seeks $962K From IRS

    An Ohio man told a district court that the Internal Revenue Service wrongly denied his tax deduction claim for a loss of over $800,000 from a cryptocurrency "pig butchering" scheme despite the extensive documentation of the fraud he said he provided to the agency.

  • May 13, 2026

    Dems Target Ethics, Illicit Finance In Crypto Bill Amendments

    Lawmakers have offered over 100 amendments ahead of the Senate banking committee's Thursday markup of its latest proposal to regulate crypto markets, with Democrats proposing the lion's share of changes in an effort to add ethics language and beef up provisions addressing crypto's use in illicit finance.

  • May 13, 2026

    Pa. Crypto Scam Convict In Custody Over Fake Girlfriend, $60

    A convicted cryptocurrency scammer used a fake girlfriend to convince an old acquaintance to give him money and set up accounts for new crypto investments, which a federal judge said Wednesday was grounds for revoking his release while he awaited sentencing.

  • May 13, 2026

    2nd Circ. Backs Fed Reserve's Power To Cut Master Accounts

    The Federal Reserve has broad discretion to cut financial institutions off from master accounts, the Second Circuit ruled Wednesday, rejecting a Puerto Rico bank's argument that it has a statutory right to what is commonly referred to as "bank accounts for banks."

  • May 13, 2026

    Fintech Inks $8M Mass. Settlement Over 'Lease-To-Own' Biz

    A Texas-based financial technology company told a state court Wednesday it has agreed to a $7.8 million resolution of the Massachusetts attorney general's claims that it misled consumers about its "lease-to-own" contracts for consumer merchandise, causing customers to pay "far more than the retail price for their merchandise."

  • May 13, 2026

    DOJ Fraud Division Set To Shake Up White-Collar Enforcement

    President Donald Trump's administration created the U.S. Department of Justice's National Fraud Enforcement Division with a narrow focus on combating government program fraud, but a move to retain federal prosecutors focused on other types of fraud could signal a wider scope with potential ripple effects across white-collar enforcement.

  • May 13, 2026

    NHL's Blackhawks Challenge Fintech's Sponsor Deal In Ch. 11

    The Chicago Blackhawks have told the Delaware bankruptcy court the hockey team needs more information about a potential buyer if troubled crypto financial technology firm Blockfills assigns a sponsorship deal with the hockey team in its Chapter 11 case.

  • May 13, 2026

    Warsh Confirmed As Trump's Next Federal Reserve Chair

    The U.S. Senate signed off Wednesday on the White House's choice of Kevin Warsh to lead the Federal Reserve, capping off a monthslong process that became entangled in the Trump administration's push to criminally investigate outgoing Fed Chair Jerome Powell.

  • May 13, 2026

    FTX Trust Says Crypto Hedge Fund Owes $84M

    The recovery trust of defunct cryptocurrency exchange FTX has called a crypto hedge fund's $200 million claim "frivolous," countering that it is the hedge fund that owes the estate $84 million for a line of credit FTX had extended.

  • May 12, 2026

    Senate Crypto Bill Moves Toward Markup Sans Ethics Rules

    Senate banking committee Republicans released the latest version of a bill to regulate crypto markets that will serve as the base text for a Thursday markup, which could be complicated by Democrats' calls for ethics provisions and banks' opposition to language around stablecoin rewards.

  • May 12, 2026

    Online Betting Co. Kalshi Must Face Wis. Tribe's IGRA Claim

    A Wisconsin federal judge has ruled that the Ho-Chunk Nation can sue prediction market platform Kalshi under the Indian Gaming Regulatory Act, but he stripped racketeering and false advertising allegations from the tribe's gambling lawsuit targeting the company's sports event contracts.

  • May 12, 2026

    DC Circ. Asks Why Gov't Used 'Toxic' Detail In Crypto Trial

    The D.C. Circuit didn't seem sure which way to come down Tuesday morning on the various arguments put forth by the convicted operator of the Bitcoin Fog crypto mixer in an attempt to overturn his conviction.

  • May 12, 2026

    Google, Apple, Lenovo Hit With IP Suits Over Tap-To-Pay Tech

    A Delaware company has lodged lawsuits against Google, Apple and Lenovo alleging that they have infringed its patents covering contactless payment technologies, targeting the use of tap-to-pay systems in their smartphones and wearable devices.

  • May 12, 2026

    Bitcoin Depot Allowed Crypto Scam Via ATMs, Couple Says

    Bitcoin Depot systematically facilitated fraud involving cryptocurrency through its bitcoin ATM network, which targeted consumers who have lost thousands of dollars through the machines, according to a proposed class action in Idaho federal court brought by a couple who alleged they fell victim to such a scam.

  • May 12, 2026

    Shopify Must Face Most Buy Now, Pay Later Antitrust Claims

    E-commerce company Shopify Inc. can't shed monopolization claims brought by buy now, pay later payment platform Sezzle Inc., although a Minnesota federal judge has trimmed the dispute.

  • May 12, 2026

    CFTC's Selig Says AI Regulations May Be On The Horizon

    U.S. Commodity Futures Trading Commission Chair Michael Selig said Tuesday that his agency may introduce regulations regarding the use of artificial intelligence by exchanges and other regulated entities as a newly created innovation task force has started meeting with companies expressing an interest in the new technology.

  • May 12, 2026

    Blockchain Analytics Biz Raises $120M Series D Funding

    Blockchain analytics firm Elliptic on Tuesday announced that it has hit a valuation of $670 million after closing its latest funding round with $120 million of investor commitments.

  • May 12, 2026

    PayPal Settles Gov't DEI Probe With Small Biz Program

    The U.S. Department of Justice announced Tuesday that it has reached a settlement with PayPal Inc. to end an investigation into what the department said was a discriminatory investment program for Black- and minority-owned businesses.

  • May 12, 2026

    Trump Admin Will Take CFPB Funding Fight To 9th Circ.

    The Trump administration will challenge a California federal court decision that ordered the Consumer Financial Protection Bureau to continue drawing funding from the Federal Reserve, setting the stage for renewed litigation over the agency's access to cash.

  • May 12, 2026

    Senate Puts Warsh On Track To Replace Powell As Fed Chair

    The U.S. Senate on Tuesday confirmed Trump nominee Kevin Warsh to a board seat at the Federal Reserve, moving him one step closer to taking over from Jerome Powell as chairman of the central bank.

Expert Analysis

  • Opinion

    CFIUS Must Adapt To Current Foreign Investment Realities

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    To continue protecting the U.S.’ long-term strategic and economic interests, the Committee on Foreign Investment in the United States should implement practical enhancements that leverage technology, expertise and clear communication, and enable it to keep pace with evolving demands, says attorney Sohan Dasgupta.

  • Weathering FINRA's Scrutiny Of Foreign Small-Cap Issuers

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    To prepare for the Financial Industry Regulatory Authority's recently announced targeted examinations, broker-dealers and firms that assist with IPOs abroad should consult years of FINRA guidance on managing the money-laundering and fraud risks inherent to foreign small-capitalization offerings, say Michael Watling and Elika Mohebbi at Seward & Kissel.

  • Bipartisan Enforcement Is Rising In Consumer Finance

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    Activity over the past year suggests a bipartisan state enforcement wave is rippling across the consumer finance industry, which follows a blueprint set out by former Consumer Financial Protection Bureau Director Rohit Chopra, who notably now leads a Democratic Attorneys General Association working group, say attorneys at Hudson Cook.

  • Series

    Teaching Logic Makes Me A Better Lawyer

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    Teaching middle and high school students the skills to untangle complicated arguments and identify faulty reasoning has made me reacquaint myself with the defined structure of thought, reminding me why logic should remain foundational in the practice of law, says Tom Barrow at Woods Rogers.

  • Series

    Law School's Missed Lessons: Practicing Resilience

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    Resilience is a skill acquired through daily practices that focus on learning from missteps, recovering quickly without internalizing defeat and moving forward with intention, says Nicholas Meza at Quarles & Brady.

  • Can OCC State Banking Law Preemption Survive The Courts?

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    While two December proposals from the Office of the Comptroller of the Currency seek to foreclose pending consumer litigation against national banks related to residential mortgage lending, it's unclear whether this aggressive approach will withstand judicial scrutiny under the U.S. Supreme Court's 2024 rulings in Cantero and Loper Bright, say attorneys at Davis Wright.

  • How 3 CFTC Letters Overhauled Digital Asset Guidance

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    The U.S. Commodity Futures Trading Commission recently issued three letters providing guidance for the use of digital assets in derivatives markets, clarifying the applicability of CFTC regulations across numerous areas of digital asset activities and leading to the development of standards to allow market participants to post digital assets as collateral, say attorneys at Morgan Lewis.

  • How 2 Tech Statutes Are Being Applied To Agentic AI

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    The application of the Computer Fraud and Abuse Act and the California Invasion of Privacy Act to agentic artificial intelligence is still developing, but recent case law, like Amazon's lawsuit against Perplexity in California federal court, provides some initial guidance for companies developing or deploying these technologies, say attorneys at Weil.

  • NYC Bar Opinion Warns Attys On Use Of AI Recording Tools

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    Attorneys who use artificial intelligence tools to record, transcribe and summarize conversations with clients should heed the New York City Bar Association’s recent opinion addressing the legal and ethical risks posed by such tools, and follow several best practices to avoid violating the Rules of Professional Conduct, say attorneys at Smith Gambrell.

  • Series

    The Biz Court Digest: Dispatches From Utah's Newest Court

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    While a robust body of law hasn't yet developed since the Utah Business and Chancery Court's founding in October 2024, the number of cases filed there has recently picked up, and its existence illustrates Utah's desire to be top of mind for businesses across the country, says Evan Strassberg at Michael Best.

  • 4 Quick Emotional Resets For Lawyers With Conflict Fatigue

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    Though the emotional wear and tear of legal work can trap attorneys in conflict fatigue — leaving them unable to shake off tense interactions or return to a calm baseline — simple therapeutic techniques for resetting the nervous system can help break the cycle, says Chantel Cohen at CWC Coaching & Therapy.

  • 3 Key Ohio Financial Services Developments From 2025

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    Ohio's banking and financial services sector saw particularly notable developments in 2025, including a significant Ohio Supreme Court decision on creditor disclosure duties to guarantors in Huntington National Bank v. Schneider, and some major proposed changes to the state's Homebuyer Plus program, says Alex Durst at Durst Kerridge.

  • Series

    Playing Tennis Makes Me A Better Lawyer

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    An instinct to turn pain into purpose meant frequent trips to the tennis court, where learning to move ahead one point at a time was a lesson that also applied to the steep learning curve of patent prosecution law, says Daniel Henry at Marshall Gerstein.

  • OCC Rulemaking May Clear Haze Around Trust Banks' Scope

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    A recent Office of the Comptroller of the Currency proposal at last eliminates uncertainty around whether national trust banks can engage in nonfiduciary activities, but it does not address which activities are permissible or whether a minimum amount of fiduciary activity is required, say attorneys at Davis Polk.

  • Digital Assets May Be In For A Growth Spurt In 2026

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    All signs point to an acceleration in digital asset product and service innovation throughout 2026, and while questions of first impression still need to be addressed, some legal issues will be clarified, spurring developments namely on the tokenization and stablecoin fronts, say attorneys at Skadden.

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