Fintech

  • May 22, 2026

    Committee Probes Insider Trading On Kalshi, Polymarket

    The House Committee on Oversight and Government Reform opened an investigation into potential insider trading on Kalshi and Polymarket on Friday with letters asking the prediction market platforms to hand over compliance information and documents related to headline-grabbing trades.

  • May 22, 2026

    OppFi Clinches Win Over $100M Calif. 'Rent-A-Bank' Case

    A California state judge has freed Opportunity Financial from a California state regulator's pursuit of at least $100 million in fines for alleged predatory lending, sealing the fintech firm's victory over long-running "rent-a-bank" claims that threatened its business model in the state. 

  • May 22, 2026

    Tussle Over Sports Prediction Markets Reaches Rhode Island

    Rhode Island has come into the legal fray over sports event contracts, as regulators in the Ocean State trade lawsuits with prediction market platforms over whether those offerings violate the state's sports betting laws.

  • May 22, 2026

    Fed, OCC Urged To Block 'Predatory' Enova's Bank Buy

    A pair of Senate Democrats cautioned financial regulators about greenlighting fintech lender Enova International's application to become a national bank holding company, calling it a "predatory lender."

  • May 22, 2026

    Crypto Brokerage Blockchain.com Confidentially Files IPO

    Crypto services firm Blockchain.com is preparing to hit the public markets after announcing that it has confidentially filed initial public offering plans with the U.S. Securities and Exchange Commission.

  • May 22, 2026

    Former BakerHostetler Crypto Expert Launches New Boutique

    The head of BakerHostetler's digital and innovative markets team, who has represented Binance CEO Changpeng Zhao, has left the firm after more than seven years to launch a new boutique.

  • May 21, 2026

    FTC Wins Partial Ruling On Doxo's Online Signup Practices

    Online bill pay service Doxo violated federal law by failing to disclose the terms of its doxoPLUS subscription before obtaining customers' payment information, a Washington federal judge ruled Thursday, granting the Federal Trade Commission a partial win in its suit accusing the company of duping consumers into paying hidden fees.

  • May 21, 2026

    Discover Card 'Misclassification' Deal Worth Up To $1.2B OK'd

    An Illinois federal judge Wednesday gave the final green light to a settlement under which Discover Financial Services will pay between $540 million and $1.2 billion to resolve class action allegations it misclassified certain credit card accounts.

  • May 21, 2026

    LGBCoin Buyers Say Sanctions Bid Flunks Safe Harbor Rule

    Investors in the "Let's Go Brandon" meme coin asked a Florida federal court to reject a sanctions bid filed by the coin's founder, saying he didn't comply with the court's safe harbor rule requiring him to send a draft motion 21 days in advance. 

  • May 21, 2026

    Missouri Sues Crypto ATM Co. For Aiding Fraud, Excess Fees

    Missouri's attorney general sued cryptocurrency ATM operator CoinFlip, accusing the company of facilitating scams and then profiting off of the fraudulent transactions by charging hidden and excessive fees.

  • May 21, 2026

    NY Cautions Banks About Cyber Risks From Advanced AI

    New York's financial services regulator issued new guidance Thursday on the risks associated with cutting-edge artificial intelligence, urging firms to make sure their cybersecurity programs can promptly flag weaknesses that so-called frontier AI models can exploit, among other things.

  • May 21, 2026

    SEC's Peirce To Join Law School Faculty After Agency Exit

    The U.S. Securities and Exchange Commission's Hester Peirce will join the faculty of Regent University School of Law this November after her time at the agency, the university announced, although the commissioner said her departure date has not yet been set.

  • May 21, 2026

    OCC Says Fintech Partner Bank Fell Behind On AML Controls

    The Office of the Comptroller of the Currency has ordered Community Federal Savings Bank to strengthen its anti-money laundering controls after finding that the New York-based bank failed to keep pace with the risks from its fast-growing payment-processing business.

  • May 21, 2026

    CFTC Makes Prediction Markets Integrity Pact With NHL

    The National Hockey League and the U.S. Commodity Futures Trading Commission detailed their plans for strengthening oversight of event contracts tethered to the league's games Thursday as fears swirl over insider trading on prediction market sites.

  • May 21, 2026

    Skadden Adds Ex-National Futures Association GC In Chicago

    The former general counsel for the National Futures Association has jumped to private practice at Skadden Arps Slate Meagher & Flom LLP in Chicago.

  • May 20, 2026

    Bank Ratings Would Focus More On Financial Risk Under Plan

    Federal regulators have unveiled a proposal to revamp a key ratings system used for grading the condition of banks, outlining changes that could make it harder to penalize banks on exams for governance and compliance issues unless they pose a clear financial threat.

  • May 20, 2026

    States Push FDIC To Include Them In Stablecoin Reviews

    The Federal Deposit Insurance Corp. faces calls to coordinate with fellow federal agencies and include state banking regulators in its coming application process for stablecoin issuers under its supervision.

  • May 20, 2026

    Fed Pitches Formal Plan To Offer Fintechs 'Payment Accounts'

    The Federal Reserve on Wednesday moved closer to giving financial technology firms a new route to accessing its payment rails, advancing a formal proposal to create a special type of "payment account" while calling for a pause on some pending full-account decisions.

  • May 20, 2026

    Binance Libel Suit Doesn't Show Actual Malice, Dow Jones Says

    Dow Jones urged a New York federal judge to toss a defamation suit brought by Binance over a Wall Street Journal article saying the cryptocurrency exchange fired internal investigators who uncovered transactions that purportedly went to sanctioned Iranian-backed entities, arguing that Binance hadn't shown the article was published with actual malice.

  • May 20, 2026

    BlockFills Says Examiner Unnecessary In Its Ch. 11

    Cryptocurrency platform BlockFills has asked a Delaware bankruptcy judge not to appoint an examiner and Chapter 11 trustee in its case, arguing the private equity firm that requested the examiner did not raise any significant enough issue in the proceeding.

  • May 20, 2026

    SEC Watchdog Says Burglar Stole Laptops Amid Shutdown

    Four laptops were stolen from the U.S. Securities and Exchange Commission's Fort Worth, Texas, office after it was burglarized last year, according to the agency's Office of Inspector General.

  • May 20, 2026

    Black SEC Worker Claims Bias Suit Drove Retaliation

    A Black U.S. Securities and Exchange Commission employee filed a second employment discrimination suit against the agency, alleging she has been given unrealistic job expectations and placed on a performance improvement plan after claiming in court that her superiors discriminated against her.

  • May 20, 2026

    Go West: Ex-CFPB Chief Poised To Make Mark Next In Calif.

    Former Consumer Financial Protection Bureau Director Rohit Chopra's next act in government is poised to unfold on a new stage in California, but financial firms will likely recognize the script. Watch this space, attorneys tell Law360.

  • May 19, 2026

    Trump Banking Orders Boost Fintechs, Block Immigrants

    President Donald Trump on Tuesday signed a pair of executive orders aimed at preventing undocumented immigrant workers from using the U.S. financial system and expanding financial technology firms' access to Federal Reserve payment accounts and services.

  • May 19, 2026

    Sen. Warren Presses OCC On Crypto Trust Charter Approvals

    Sen. Elizabeth Warren, D-Mass., is demanding Comptroller of the Currency Jonathan Gould share documents and communications related to the approval of national trust charters for cryptocurrency firms, which Warren argues are "seemingly ineligible" since the firms' business plans appear to wade into traditional banking activities.

Expert Analysis

  • Calif.'s Civility Push Shows Why Professionalism Is Vital

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    The California Bar’s campaign against discourteous behavior by attorneys, including a newly required annual civility oath, reflects a growing concern among states that professionalism in law needs shoring up — and recognizes that maintaining composure even when stressed is key to both succeeding professionally and maintaining faith in the legal system, says Lucy Wang at Hinshaw.

  • Tips For Consumer Finance GCs Navigating AI In Pro Se Suits

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    There are several avenues for consumer finance in-house counsel to make artificial intelligence use disclosure requirements a standardized tool when facing pro se litigants, including preservation demands and discovery requests to ease friction and root out inaccurate legal representations, says Lee Barrett at Planet Home Lending.

  • Should Prediction Markets Allow Trading On Nonpublic Info?

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    Recent trading activity, such as the Polymarket wager on the U.S. capture of Venezuelan President Nicolás Maduro, has raised questions about whether some participants may be engaging in trading that is based on material nonpublic information, and highlights ongoing uncertainty about how existing derivatives and anti-fraud rules apply to event-based contracts, say economic consultants at the Brattle Group.

  • Series

    Trivia Competition Makes Me A Better Lawyer

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    Playing trivia taught me to quickly absorb information and recognize when I've learned what I'm expected to know, training me in the crucial skills needed to be a good attorney, and reminding me to be gracious in defeat, says Jonah Knobler at Patterson Belknap.

  • What FDA Guidance Means For Future Of Health Software

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    Two significant final guidance documents released by the U.S. Food and Drug Administration last month reflect a targeted effort to ease innovation friction around specific areas, including singular clinical decision support recommendations and sensor-based wearables, while maintaining established regulatory boundaries, say attorneys at Covington.

  • Coinbase Ruling Outlines Litigation Committee Conflict Risks

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    The Delaware Court of Chancery's recent rejection in Grabski v. Andreessen of a special litigation committee's motion to terminate or settle — its first such decision in over a decade — over conflict concerns highlights why the independence of SLC counsel matters just as much as that of committee members, says Joel Fleming at Equity Litigation Group.

  • Series

    Law School's Missed Lessons: What Cross-Selling Truly Takes

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    Early-career attorneys may struggle to introduce clients to practitioners in other specialties, but cross-selling becomes easier once they know why it’s vital to their first years of practice, which mistakes to avoid and how to anticipate clients' needs, say attorneys at Moses & Singer.

  • OCC Mortgage Escrow Rules Add Fuel To Preemption Debate

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    Two rules proposed in December by the Office of the Comptroller of the Currency, which would preempt state laws requiring national banks to pay interest on mortgage escrow accounts, are a bold new federal gambit in the debate over how much authority Congress intended to hand state regulators under the Dodd-Frank Act, says Christian Hancock at Bradley Arant.

  • CFIUS Initiative May Smooth Way For Some Foreign Investors

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    A new program that will allow certain foreign investors to be prevetted and admitted to fast-track approval by the Committee on Foreign Investment in the United States will likely have tangible benefits for investors participating in competitive M&A, say attorneys at Simpson Thacher.

  • When Tokenized Real-World Assets Collide With Real World

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    The city of Detroit's ongoing case against Real Token, alleging building code and safety violations across over 400 Detroit residential properties, highlights the brave new world we face when real estate assets are tokenized via blockchain technology — and what happens to the human tenants caught in the middle, say Biying Cheng and Cornell law professor David Reiss.

  • 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.

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