Fintech

  • 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.

  • June 03, 2026

    Singapore Court Won't Revive $14M 3rd-Party Funding Fee Bid

    A Singapore court has affirmed an award denying a successful litigant's bid to be reimbursed more than $14 million in third-party funding costs incurred in an arbitration over control of a fintech joint venture, ruling that the outcome was "simply the product of a risk any party engaged in dispute resolution takes."

  • June 03, 2026

    Bank Tries Again To Decertify Inmate Class In Debit Fee Suit

    Central Bank of Kansas City has renewed its attempt to decertify a class of inmates who alleged they received prepaid debit cards with excessive fees upon their release, arguing the court must first determine whether the prisoners received the cards without permission.

  • June 03, 2026

    Trump-Backed Firm Says Exec Can't Sue For Crypto Freeze

    Trump family-tied crypto firm World Liberty Financial asked a California federal court to release it from crypto billionaire Justin Sun's suit accusing it of using backdoor mechanisms to hold Sun's tokens hostage after he invested $45 million in the project, arguing Sun wrongly attempts to assert claims over his businesses.

Expert Analysis

  • Drafting Tech Patents After USPTO's Eligibility Memos

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    Two recent U.S. Patent and Trademark Office memos on subject matter eligibility declarations provide an evidentiary playbook for artificial intelligence and software patent applications, highlighting how targeted, stand‑alone SMEDs that present objective, claim‑anchored facts can improve patent application outcomes, say attorneys at Reed Smith.

  • How Lenders Can Be Ready For Disparate Impact Variabilities

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    Amid state attorneys general's and regulators' mixed messaging around disparate impact liability, financial institutions can take several steps to minimize risk, including ensuring compliance management aligns with current law and avoiding decisions that impede growth in business and service, says Elena Babinecz at Baker Donelson.

  • Series

    Judges On AI: Practical Use Cases In Chambers

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    U.S. Magistrate Judge Allison Goddard in the Southern District of California discusses how she uses generative artificial intelligence tools in chambers to make work more efficient and effective — from editing jury instructions for clarity to summarizing key documents.

  • A Closer Look At California Financial Regulator's 2026 Agenda

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    California Department of Financial Protection and Innovation Commissioner KC Mohseni in recent remarks demonstrated the regulator's growing importance amid the Consumer Financial Protection Bureau's retreat by debuting expansive goals for 2026, including finalizing rulemaking for the state's digital asset law and expanding enforcement authority around consumer complaints, says John Kimble at Hinshaw.

  • Series

    Trail Running Makes Me A Better Lawyer

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    Navigating the muddy, root-filled path of trail marathons and ultramarathons provides fertile training ground for my high-stakes fractional general counsel work, teaching me to slow down my mind when the terrain shifts, sharpen my focus and trust my training, says Eric Proos at Next Era Legal.

  • How Securities Class Action Deals Fare After Prelim Approval

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    An analysis of Institutional Shareholder Services data from the last 10 years shows that preliminarily approved class action settlements are unlikely to be denied in the final-approval stage, while procedural delays are more common than withdrawal or termination, says Rahul Chhabra at Charles River Associates.

  • What Applicants Can Expect From Calif. Crypto License Law

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    With the July effective date for California's Digital Financial Assets Law fast approaching, now is a critical time for companies to prepare for licensure, application and coverage compliance ahead of this significant regulatory milestone that will reshape how digital asset businesses operate in California, say attorneys at MoFo.

  • Malpractice Claim Assignability Continues To Divide Courts

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    Recent decisions from courts across the country demonstrate how different jurisdictions balance competing policy interests in determining whether legal malpractice claims can be assigned, providing a framework to identify when and how to challenge any attempted assignment, says Christopher Blazejewski at Sherin & Lodgen.

  • What Clarity Act Delay Reveals About US Crypto Regulation

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    The Senate Banking Committee's decision to delay markup of the Clarity Act, which would establish a comprehensive federal framework for digital assets, illuminates the political and structural obstacles that shape U.S. crypto regulation, despite years of bipartisan calls for regulatory clarity, says David Zaslowsky at Baker McKenzie.

  • How Latest Nasdaq Proposals Stand To Raise Listings Quality

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    Nasdaq's recent proposals stand to heighten both quantitative and qualitative standards for issuers, which, if approved, may bring investors stronger market integrity and access but also raise the listings bar, say attorneys at Norton Rose.

  • 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.

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