Fintech

  • August 18, 2026

    Kalshi Invades NM Tribes' Exclusive Gaming Turf, Amici Say

    The first tribes to sue Kalshi alleging it violated the Indian Gaming Regulatory Act are backing four New Mexico Indigenous nations' efforts to block the prediction market from offering sports-related contracts on their lands, contending U.S. Supreme Court decisions dating back to 1832 recognize Indian political independence and self-governance.

  • August 17, 2026

    Treasury Plan Would Map Boundaries Of US Stablecoin Market

    The U.S. Department of the Treasury on Monday floated a proposal to set standards for how and when payment stablecoins may enter the U.S. market, moving ahead on a key unfinished plank of the emerging federal regulatory framework for the stable-value tokens.

  • August 17, 2026

    DOJ Charges Ga. Man Over $165M Crypto Ponzi Scheme

    A serial "Ponzi-schemer" is charged with wire fraud for allegedly spearheading a $165 million cryptocurrency scheme that defrauded over 6,000 victims around the world and using the money to make alimony payments and buy expensive cars for his children, the U.S. Department of Justice announced Monday. 

  • August 17, 2026

    JPMorgan Loses State Trade Secret Claims In Data Suit

    JPMorgan Chase Bank cannot pursue state law trade secret claims against a data analytics company over the alleged misuse of credit card data supplied for regulatory purposes, with a Delaware federal judge ruling Monday that the bank still hasn't tied that conduct to Delaware or Ohio.

  • August 17, 2026

    Kalshi Loses Bid To Block Conn. Enforcement

    A Connecticut federal judge has denied a bid from KalshiEX to keep offering sports contracts while it pursues an appeal before the Second Circuit, finding the prediction market's arguments for a stay had already been rejected by the court and that it has not shown it is likely to win on appeal.

  • August 17, 2026

    Doxo To Pay FTC $2.1M Over Misleading Ads And Fees

    Doxo will pay $2.1 million to settle Federal Trade Commission claims that the online bill pay service and two co-founders misled consumers about fees and used deceptive advertising to impersonate billers, the commission announced on Monday, after a Washington federal judge granted partial summary judgment earlier this year.

  • August 17, 2026

    CFTC To Seek Feedback On AI Chip Futures

    The Commodity Futures Trading Commission is weighing the future of derivatives contracts that could offer artificial intelligence companies a way to hedge their bets on the cost of chips, with the CME Group recently asking for permission to launch such contracts.

  • August 17, 2026

    Rising Star: Sidley's Kristin Teager

    Kristin Teager of Sidley Austin LLP has represented Apple in a deal to make JPMorgan Chase the new issuer of its Apple Card, a transaction expected to bring more than $20 billion in card balances to Chase's platform, earning her a spot among the fintech practitioners under age 40 honored by Law360 as Rising Stars.

  • August 14, 2026

    Tricolor Founder Can't Ax 'Infrequently Charged' Lead Count

    The founder and former CEO of bankrupt subprime auto lender Tricolor Holdings cannot dodge a criminal enterprise charge in federal prosecutors' case alleging a yearslong scheme to defraud the company's lenders and investors, a New York federal judge ruled on Friday.

  • August 14, 2026

    Conn. Opposes Kalshi's Bid To Keep Running Pending Appeal

    Connecticut officials on Friday asked a federal judge to deny KalshiEX's bid to keep offering sports contracts as it mounts a "long-shot appeal" of an injunction, arguing there is no basis to restrain state regulators from enforcing state wagering law given the contracts' "clear illegality." 

  • August 14, 2026

    Wells Fargo, Conduent Settle NM Debit Card Fraud Suit

    New Mexico residents who claimed Wells Fargo and a third-party contractor mishandled reports of fraud involving their state-issued debit cards dropped their proposed class action, telling a New Mexico federal judge on Friday that they had reached settlements to end the case.

  • August 14, 2026

    5th Circ. Backs Investment Co.'s Sanction In Highland Ch. 11

    The Fifth Circuit on Friday decided to keep in place an $826,000 sanction against NexPoint Real Estate Partners, finding "clear and convincing evidence" showed it filed and litigated a bad-faith claim in the Chapter 11 case of defunct hedge fund Highland Capital Management LP.

  • August 14, 2026

    Trump-Backed Crypto Co. Gets Initial OK For Bank Charter

    The Office of the Comptroller of the Currency on Friday preliminarily approved a closely watched charter application from World Liberty Financial, moving the Trump family-tied cryptocurrency venture closer to launching a federally regulated trust bank.

  • August 14, 2026

    Poolin Cleared To Pursue Asset Sale Amid Trustee Fight

    Cryptocurrency miner Poolin Technology can pursue a sale next month of its assets, a New Jersey bankruptcy judge said Friday, giving its stalking horse bidder time to also buy a neighboring property for an artificial intelligence data center in Texas.

  • August 14, 2026

    Orrick Hires New Global Capital Markets Head From Kirkland

    Orrick Herrington & Sutcliffe LLP has hired a new global head of capital markets from Kirkland & Ellis LLP and is bringing on another capital markets partner from the firm later this month.

  • August 14, 2026

    Taxation With Representation: Miller Thomson, Bennett Jones

    In this week's Taxation With Representation, GO Residential Real Estate Investment Trust and a consortium of buyers acquire H&R Real Estate Investment Trust, insurance exchange Accelerant goes private in a deal with Thoma Bravo, and Goldman Sachs acquires NEOS Investments.

  • August 14, 2026

    CFPB Will No Longer Post Narratives In Complaint Database

    The Consumer Financial Protection Bureau said Friday it will stop publishing consumer complaint narratives and data visualizations, a move consumer advocates warn will limit public visibility into patterns of alleged financial company misconduct.

  • August 13, 2026

    'Jump Must Litigate': 7th Circ. Clarifies Arb. Enforcement Rule

    The Seventh Circuit rejected trading firm Jump Trading LLC's bid to arbitrate a putative securities class action Thursday, finding that courts, not arbitrators, must decide whether disputes belong in arbitration when the parties haven't signed an arbitration agreement, furthering a circuit split and holding that "Jump must litigate."

  • August 13, 2026

    Fed Shouldn't Have State Banking 'Veto,' High Court Told

    Custodia Bank has received support from a pair of current and former senators and two other digital asset organizations in its fight with the Federal Reserve pending before the U.S. Supreme Court over a "master account."

  • August 13, 2026

    SEC Scraps Friday Meeting To Propose Crypto Regulations

    The U.S. Securities and Exchange Commission Thursday canceled closely watched plans to hold a public meeting Friday to potentially issue a proposed rule outlining a path forward for the trading of cryptocurrency assets under the agency's oversight.

  • August 13, 2026

    CFTC Flags Lapses In Event Contract Filings On Incentives

    U.S. Commodity Futures Trading Commission staff have said they've noticed an uptick in deficiencies in applications for incentive programs on event contracts and have laid out steps it believes exchanges or platforms must fulfill when self-certifying such programs.

  • August 13, 2026

    Kalshi Must Suspend Most Wash. Offerings, Install Geofencing

    A Washington state court judge has blocked Kalshi from offering event contracts to state residents in most of its prediction market categories while the attorney general's legal challenge unfolds, setting deadlines for the platform to institute location-based geofencing, while spurning the company's bid to maintain operations pending appeal.

  • August 13, 2026

    Fla. Law Firm Cost Bank's $134M BP Oil Spill Claim, Suit Says

    An Ohio bank holding company has sued a Florida law firm in Ohio federal court for more than $134 million in damages, alleging the firm missed key filing deadlines while representing the bank in litigation tied to the Deepwater Horizon oil spill, costing the bank its chance to recover millions in losses.

  • August 13, 2026

    CFPB Brass Accused Of 'Sham' Probe Of Union Leader

    The Consumer Financial Protection Bureau is conducting a "sham" investigation into an employee who is active in the staff's union, the union's president said, taking the agency's new leader to task for its probe of the data scientist and National Treasury Employees Union local activist.

  • August 12, 2026

    WSJ Says Binance Sued Because It's Unhappy With Facts

    The publisher of the Wall Street Journal on Wednesday urged a Manhattan federal judge to deep six a defamation suit brought by Binance over reporting about internal investigators at the crypto exchange who were allegedly fired after flagging Iranian sanctions violations, saying the company is just unhappy with the way the Journal reported the facts.

Expert Analysis

  • JPMorgan Ruling Shows Courts' Limited Role In Fee Fights

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    The Delaware Chancery Court's recent decision that JPMorgan Chase must cover more than $21 million in disputed legal fees for two former executives of the startup Frank illustrates the reality that companies, not the courts, are responsible for ongoing supervision of legal spending, says Theodore Edelman at GCE Advisors.

  • Preparing For Next Congress With Eye On Investigation Risk

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    Rod Rosenstein, Brian Whisler and Bruce Linskens at Baker McKenzie offer advice for organizations seeking to build a proactive response plan to potential congressional oversight as the election looms.

  • OCC Letter Affirms Nat'l Banks' Shield From State Licensing

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    The Office of the Comptroller of the Currency recently published a letter supporting Fidelity Digital Assets' stance that state money transmitter licensing requirements do not apply to national banks, confirming the agency's long-standing interpretive position on this issue, say attorneys at Katten.

  • The Debanking Minefield: Navigating Fair Access In 2026

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    Federal regulators' recent elimination of reputational risk from bank supervision, alongside a growing patchwork of state fair access laws, is reshaping how banks make account and service decisions and ushering in a new compliance era requiring individualized, objective and risk-based access determinations, say attorneys at Spencer Fane.

  • How To Brace For A Potential Democratic Oversight Push

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    With the possibility of a shift in congressional control after the November midterm elections, companies and their general counsel should prepare now by mapping oversight exposure, reviewing government interactions, preserving records and developing coordinated communications strategies, say attorneys at Hogan Lovells.

  • Assessing New Risks After The End Of The SEC's Gag Rule

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    The U.S. Securities and Exchange Commission's recent rescission of its long-standing no‑deny gag rule marks a transition from a regime of enforced silence to one of strategic communication, meaning the question is no longer simply whether to settle, but how to manage the narrative that follows, say attorneys at Nelson Mullins.

  • AI-Fueled Pro Se Suits Pose Rising Risk For Lenders

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    Harris v. Pinnacle Bank, a recently decided Mississippi federal court case, illustrates how pro se borrowers are using artificial intelligence to file more sophisticated documents that can complicate and prolong loan enforcement proceedings, making early procedural challenges and tighter litigation strategies increasingly important for lenders, says Joseph Briggett at Baker Donelson.

  • Series

    Being A Magician Makes Me A Better Lawyer

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    The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.

  • 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.

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