Fintech

  • July 28, 2026

    Fed's 'Skinny' Accounts Need Failure Safeguards, Critics Say

    As the Federal Reserve moves closer to giving fintech and crypto firms a direct on-ramp to its payment rails, critics inside and outside the banking industry say it needs a more robust off-ramp for those that get into trouble or fail.

  • July 28, 2026

    BofA Must Face Consumer Suit Over Autopay Double Charges

    An Illinois federal judge has ruled that Bank of America NA cannot avoid facing a majority of the claims in a lawsuit accusing the bank of not adjusting automatic payments on credit cards when customers manually pay off their statement balance in the middle of a billing cycle, finding a consumer established standing and showed evidence of a deceptive practice.

  • July 28, 2026

    Calif. Warns SEC Against Preempting State REIT Registration

    California is urging the U.S. Securities and Exchange Commission not to adopt a proposal that could free certain real estate investment trusts and business development companies from registering with the states, saying it could leave retirees and the elderly vulnerable to fraud.

  • July 28, 2026

    Senators Urge CFTC Rule Slowdown Over Tribal Concerns

    Leaders of the U.S. Senate Indian Affairs Committee are urging the U.S. Commodity Futures Trading Commission to extend the public comment deadline for its proposed rule that could govern the way the agency oversees prediction markets, saying it's critical that Indigenous nations have time to evaluate its effects.

  • July 28, 2026

    DOJ Drops Charges In $722M 'BitClub' Crypto Ponzi Case

    The U.S. Department of Justice and federal prosecutors in New Jersey have dropped their case against Matthew Goettsche, who was formerly accused of originating a $722 million cryptocurrency fraud scheme for which several of his alleged co-conspirators have already pled guilty.

  • July 28, 2026

    Fish & Richardson Slams IP DQ Bid As Possibly Manufactured

    LVMH urged a Texas federal court to reject a bid to boot Fish & Richardson PC from defending the luxury goods business against an infringement lawsuit over patents for nonfungible token display technology, saying the company behind the suit may have tried to "manufacture" a conflict to disqualify the firm.

  • July 27, 2026

    Minn. Prediction Market Ban Gets Temporarily Blocked

    A Minnesota federal judge on Monday issued a temporary injunction blocking the state's first-of-its kind law banning prediction markets, ruling that the state likely overstepped its authority just days before the measure was set to take effect.

  • July 27, 2026

    NY AG Says States Must Have Power To Police Crypto, Ethics

    New York Attorney General Letitia James called on federal lawmakers Monday to amend a pending proposal to regulate crypto markets to give states more latitude to protect consumers, go after scammers and hold government officials like the president accountable for profiting from the industry.

  • July 27, 2026

    FTX's $1.8B Clawback Suit Against Binance, Zhao Can Proceed

    A Delaware federal bankruptcy judge has allowed FTX's bankruptcy estate to continue to try to claw back a $1.76 billion payment to the cryptocurrency platform though she trimmed certain claims.

  • July 27, 2026

    Kalshi Seeks To Keep Operating In Wash. Pending Appeal

    Kalshi has urged a Washington judge to pause a recent order granting the state attorney general's bid to preliminarily enjoin the prediction market platform from operating within the state, saying the injunction causes Kalshi to face a "'Hobson's choice' between state enforcement and its federal duties."

  • July 27, 2026

    Kalshi To 'Geofence' Nevada After Regulators Expose Gap

    Kalshi will implement additional tech tools to block Nevada users from its platform or face daily six-figure fines after the state's gambling regulators showed they could still place trades in the state despite a standing court order barring the prediction market platform from serving Nevada residents.

  • July 27, 2026

    NY AG Urges 2nd Circ. To Deny Kalshi Sports Bet Ban Shield

    New York regulators urged the Second Circuit to deny Kalshi's request for an emergency order that would allow the prediction market company to continue conducting business in New York while its challenge to the state's gambling laws is resolved, arguing the company's operations are both prohibited and predatory.

  • July 27, 2026

    Crypto Hedge Fund Manager Gets 3 Years For Tax Evasion

    A crypto hedge fund manager who renounced his U.S. citizenship and moved to the Cayman Islands was sentenced to over three years in prison for tax evasion, the U.S. Attorney's Office for the Western District of Texas said Monday.

  • July 27, 2026

    Amex Bracing For Enforcement Action Amid AML Scrutiny

    American Express Co. may face regulatory fines over its anti-money-laundering compliance programs and has been working to "identify and remediate deficiencies" in them, according to its latest public investor disclosures.

  • July 24, 2026

    CFTC Warns Platforms Against Broad Event Contract Filings

    The U.S. Commodity Futures Trading Commission on Friday told prediction market platforms that it won't wave through "broad, template" filings seeking to certify a variety of event contracts at once.

  • July 24, 2026

    Upstart Gets OCC's Conditional Approval For Bank Charter

    Online lending platform Upstart has cleared a key initial hurdle at the Office of the Comptroller of the Currency in its bid to launch what it is calling the first national bank built with artificial intelligence-powered underwriting.

  • July 24, 2026

    Calif.'s New Biz Agency Set To Target 'Corrupt Practices'

    Rohit Chopra, the first secretary of California's new Business and Consumer Services Agency, on Thursday asked consumers in the Golden State to send in tips about businesses that engage in dishonest pricing schemes, inflated fees and other "harmful and corrupt practices."

  • July 24, 2026

    No Hack Involved In Alleged $53M Crypto Heist, Judge Hears

    A Maryland man accused of hacking Uranium Finance to steal $53 million in cryptocurrency told a Manhattan federal judge Friday that the charges are faulty because he did nothing malicious with the exchange's code.

  • July 24, 2026

    Kalshi Wants NY Sports Wagers Shielded As Deadline Nears

    Kalshi is asking the Second Circuit for an emergency order to safeguard its sports-related contracts from New York regulators, which have promised to hold off on any enforcement actions against the company only through July 30.

  • July 24, 2026

    DOL E-Delivery Push Pleases Mgmt. And Worker Attys Alike

    Recently proposed U.S. Department of Labor regulations that would encourage e-delivery of employee health plan documents are winning plaudits from both sides of the benefits bar for potentially streamlining the process and augmenting online transparency. Here are three things to know about the DOL's proposal.

  • July 24, 2026

    CFTC Wants More Input On Energy Contracts, 24/7 Trading

    The U.S. Commodity Futures Trading Commission has extended the public comment period for its proposals on around-the-clock trading and perpetual contracts in the energy industry, offering additional questions for consideration following the regulator's "extensive conversations" with the industry.

  • July 23, 2026

    BitMEX Users Say Exchange Rigged Liquidations For Profit

    BitMEX, one of the world's largest cryptocurrency exchanges, deliberately designed its system to create unfavorable conditions for customers and then seize their bitcoin, liquidating their accounts when they lost a certain amount, according to a proposed class action filed on Thursday in New York federal court.

  • July 23, 2026

    Trump CFPB Pick Says He Has 'Open Mind' On Staffing Levels

    President Donald Trump's choice for Consumer Financial Protection Bureau director signaled at his confirmation hearing on Thursday that he could revisit the agency's plan to shed hundreds of staff, saying he has an "open mind" about how many workers the agency needs.

  • July 23, 2026

    Kroll Can Arbitrate Some Data Claims, Ax Others, Judge Says

    Bankruptcy claims agent Kroll Restructuring Administration LLC should be able to arbitrate claims over a 2023 data breach affecting FTX Trading customers, but claims from a BlockFi user should be tossed, according to recommendations from a Texas magistrate judge.

  • July 23, 2026

    OCC Denies Wise Trust Charter Over Compliance Gaps

    The Office of the Comptroller of the Currency shared Thursday it has denied a national trust bank application from Wise US Inc. over concerns the money transfer fintech wouldn't meet compliance and anti-money laundering standards.

Expert Analysis

  • What Ga. Stablecoin Licensing Law Means For Payments Cos.

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    Georgia recently enacted one of the first state-level licensing frameworks for stablecoin issuance aligned with the Genius Act, which may appeal to eligible companies by making licensure accessible to nondepository entities and potentially offering easier access to regulatory guidance, say attorneys at Eversheds Sutherland.

  • How Nixing Trade-Through Rule Would Alter Equity Markets

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    The U.S. Securities and Exchange Commission's recent proposal to rescind the trade-through rule and the locked-and-crossed-markets prohibition represents one of the most significant potential changes to U.S. equity market structure in two decades, affecting exchanges, broker-dealers, and institutional and retail investors alike, say attorneys at WilmerHale.

  • The Nuance Between The Atkins, Gensler SEC Strategic Plans

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    U.S. Securities and Exchange Commission Chairman Paul Atkins' recent draft strategic plan is a marked departure from that of former Chair Gary Gensler, portraying an intention to leave decisions to the market rather than steering corporate behavior through expansive disclosure mandates and regulatory enforcement, say attorneys at Cleary.

  • Future Of Fed Independence Shaky After Justices' Ruling

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    The U.S. Supreme Court's recent ruling in Trump v. Cook preserved the Federal Reserve's formal independence but could invite the president to remove board members with just modest protections, leaving the central bank's autonomy uncertain and potentially setting up fresh clashes over other agencies, says Steven Schwinn at the University of Chicago.

  • Series

    Mich. Banking Brief: All The Notable Legal Updates In Q2

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    The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.

  • AI Governance Tips For Avoiding Securities Suits

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    A recent securities class action in California federal court against lending platform Upstart highlights how statements about artificial intelligence are increasingly being scrutinized not only by regulators, but also by shareholders, meaning companies should ensure oversight frameworks keep pace with the technology, say attorneys at Akerman.

  • Series

    Bass Fishing Makes Me A Better Lawyer

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    Landing a trophy striped bass and closing a big deal both require cultivating the patience to finesse — not force — your way to desired outcomes, changing course when your old approach isn’t working and learning from the ones that got away, says Jon Ruiss at Alston & Bird.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.

  • Quantum Readiness May Paradoxically Raise Contractor Risk

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    The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

  • What Ex-CFPB Head's Calif. Role May Foretell For Oversight

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    California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

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