Fintech

  • 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.

  • May 11, 2026

    Binance Wants Last Claim Tossed In Hamas Victims' Suit

    Binance and its former CEO Changpeng Zhao have asked a Manhattan federal court to toss the last remaining claim in a lawsuit alleging the cryptocurrency exchange aided and abetted the terrorist group Hamas' attack in Israel, saying recent decisions in similar cases support dismissal.

  • May 11, 2026

    Fed's Bowman Says Bank Ratings Changes Are On The Way

    Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that regulators are preparing an overhaul of a key ratings system used for grading the condition of banks, casting it as part of a broader push to refocus bank oversight on so-called material financial risks.

  • May 11, 2026

    SEC Sends Plan To Nix Settlement 'Gag Rule' To White House

    The U.S. Securities and Exchange Commission has submitted to the White House a plan for rescinding a more than 50-year-old policy of restricting defendants who settle enforcement actions from denying the claims against them.

  • May 11, 2026

    Kalshi To Take Arizona Injunction Bid To 9th Circ.

    Kalshi Inc. on Monday told the federal court overseeing its sports contract brawl with Arizona regulators that it's appealed an order denying its request to enjoin Arizona officials from enforcing state gaming laws against it to the Ninth Circuit.

  • May 11, 2026

    'We Need Your Help': Banks Rallied For Stablecoin Yield Fight

    Banking groups are making a push for stronger language prohibiting stablecoin yield payments ahead of a looming Thursday markup of the Senate banking committee's long-awaited proposal to regulate crypto markets.

  • May 11, 2026

    Binance Takes Investor Suit Arbitration Bid To 11th Circ.

    Binance and former CEO Changpeng Zhao are asking the Eleventh Circuit to review a Florida federal judge's decision denying their bid to compel arbitration of a proposed class action alleging that the crypto trading platform knowingly violated U.S. regulatory requirements.

  • May 08, 2026

    Coinbase Stole Patented Blockchain Network Tech, Co. Says

    A Texas company has asked a federal court to block Coinbase from infringing a group of patents covering improvements to blockchain technology, pointing to two of the cryptocurrency exchange's products: the Coinbase Wallet and the Base app.

  • May 08, 2026

    Payment Processing Co. Sued Over Data Collection, Breach

    Payment processing company Total System Services LLC has been hit with a proposed class action in Georgia federal court accusing it of failing to protect consumers' personal information from hackers, resulting in a well-established cybercriminal group stealing the data over a six-month period and likely leaking it earlier this month.

  • May 08, 2026

    Redgrave Adds Ex-Coinbase, AT&T Atty In DC Partner Hire

    Electronic discovery and information law firm Redgrave LLP has hired a new partner to work in its Washington, D.C., office, saying he has played senior legal roles at a cryptocurrency exchange, a major telecommunications company and a disputes and forensic technology firm.

  • May 08, 2026

    Crypto Co. Kraken Files For OCC Trust Charter

    Cryptocurrency exchange Kraken, the first digital bank to hold a Federal Reserve master account, announced Friday it has applied for a national trust company charter with the Office of the Comptroller of the Currency to establish Payward National Trust Co., which would provide services for digital assets.

  • May 08, 2026

    SEC's Atkins Mulls Broker, Exchange Rule Tweaks For Crypto

    U.S. Securities and Exchange Commission Chair Paul Atkins on Friday floated a series of potential rulemaking efforts to address how regimes for brokers, exchanges, clearing agencies and other types of regulated functions apply to cryptocurrency software projects that don't fall within traditional categories.

  • May 08, 2026

    Block Sets Aside $240M Amid Talks To Settle DOJ Probe

    Jack Dorsey's Block Inc. has reserved $240 million as it works to settle a U.S. Department of Justice investigation tied to short-seller allegations that it turned a blind eye to fraud on Cash App, its mobile payment platform, according to an investor filing late Thursday.

  • May 08, 2026

    OCC Rules Spur 7th Circ. Remand In Ill. Swipe-Fee Fight

    The Seventh Circuit hit reset Friday in a closely watched legal challenge to a pending Illinois law that bans swipe fees on taxes and tips, directing a lower court to take another look at the case in light of new federal rules declaring the restrictions preempted for many banks.

  • May 08, 2026

    Consumers Say Bank Can't Escape Fintech Collapse Suit

    Consumers who lost access to their funds following the 2024 collapse of fintech middleman Synapse Financial Technologies pushed back against an Arkansas bank's bid to escape a consolidated proposed class action, contending in Colorado federal court they sufficiently alleged fraud.

  • May 08, 2026

    White House Defends Pardon Process Following Dem Inquiry

    The White House says it has a "rigorous" review process for pardons following an investigation launched by Democrats into possible corruption.

  • May 08, 2026

    2 Firms Advise On OnlyFans Stake Sale At $3.15B Valuation

    OnlyFans owner Fenix International Ltd. said Friday it has agreed to sell a minority stake to investment firm Architect Capital in a deal valuing the company at $3.15 billion, with the transaction aimed at expanding the platform's financial services and creator tools.

  • May 08, 2026

    Capital One Discloses 'Fair Access' Regulatory Inquiries

    Capital One has become the latest major bank to disclose that it is responding to demands and requests from government agencies related to President Donald Trump's "fair banking" executive order targeting alleged political and religious discrimination by financial institutions.

  • May 08, 2026

    Goliath Investors Add Companies To Alston & Bird Scam Suit

    Months after suing Alston & Bird LLP for its alleged role in a $328 million cryptocurrency scam at Goliath Ventures Inc., a proposed class of investors added a number of financial institution defendants and claims to their original complaint.

  • May 08, 2026

    Eversheds Sutherland Hires Ex-SEC Counsel In DC

    Eversheds Sutherland has hired a 16-year veteran of the U.S. Securities and Exchange Commission as a counsel in its U.S. capital markets and investments practice group.

Expert Analysis

  • The Law Firm Merger Diaries: Leadership Strategy After Day 1

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    For law firm leaders, ensuring a newly combined law firm lives up to its promise, both in its first days of operation and well after, includes tough decisions, clear and specific communication, and cheerleading, says Peter Michaud at Ballard Spahr.

  • The Challenges Of Detecting Event Contract Manipulation

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    While concerns about possible manipulation and insider trading in event contracts have increasingly been raised by market observers, distinguishing a speculative position from a hedge and effective surveillance make regulation difficult, particularly as the U.S. Commodity Futures Trading Commission argues for exclusive jurisdiction to do so, say economic consultants at the Brattle Group.

  • Clearing US Legal Hurdles To Biz Opportunities In Venezuela

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    Companies evaluating foreign investment or activity in Venezuela given the U.S. government's recently announced plans to reinvigorate its natural resources should take specific steps to minimize risks connected to interactions with restricted parties given the web of U.S. counterterrorism, anticorruption and sanctions controls, say attorneys at King & Spalding.

  • Methods For Challenging State Civil Investigative Demands

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    Ongoing challenges to enforcement actions underscore the uphill battle businesses face in arguing that a state investigation is prohibited by federal law, but when properly deployed, these arguments present a viable strategy to resist civil investigative demands issued by state attorneys general, say attorneys at Troutman Pepper.

  • How Blockchain Could Streamline Real Estate Transactions

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    As U.S. real estate markets face pressure to adopt digital frameworks, blockchain technology offers a credible solution for consolidating execution, payment and recording into a single record, with a unified ledger potentially replacing fragmented processes with digitally authenticated events, say attorneys at King & Spalding.

  • 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.

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