Fintech

  • June 17, 2026

    Bipartisan Sens. Condemn Bankman-Fried's Pardon Bid

    The top members of a cryptocurrency-focused Senate subcommittee on Wednesday introduced a bipartisan resolution condemning Sam Bankman-Fried's bid for a presidential pardon, saying that "under no circumstances" should the convicted FTX founder receive executive clemency.

  • June 17, 2026

    Nasdaq Private Market Says Rival Poached Staff And Secrets

    A Nasdaq marketplace for pre-IPO stock has filed suit against a competitor, alleging that it has poached employees and clients, stolen trade secrets and other confidential information, and infringed its patented technology in an effort to acquire what Nasdaq has built without fairly competing.

  • June 17, 2026

    SEC Faces Call To Write Rules For Crypto Wallet Apps

    The Securities Industry and Financial Markets Association is calling on the U.S. Securities and Exchange Commission to write rules outlining when companies providing access to cryptocurrency wallets must register as brokers, saying that a recent staff statement on the issue represents "a significant departure" from past agency practice.

  • June 17, 2026

    Novig Gets CFTC Designation As Sports Prediction Market

    Novig, which began as a sports betting app and evolved into a sports-focused prediction market, now has the official approval of the U.S. Commodity Futures Trading Commission as a designated contract market, the company said Tuesday.

  • June 17, 2026

    Mich. Judge Opens Door For Prediction Market Enforcement

    Polymarket and Robinhood may soon face enforcement efforts from Michigan regulators after a federal judge ruled Wednesday that he saw little difference between the prediction market platforms' sports contract offerings and conventional sports betting.

  • June 16, 2026

    NJ Launches Push To Crack Down On Consumer 'Junk Fees'

    New Jersey officials are declaring war on "junk fees" in the state with tighter regulation and enforcement, the latest state-level move to step up consumer protection efforts amid the Trump administration's pullback at agencies like the Consumer Financial Protection Bureau.

  • June 16, 2026

    CFTC Advances Prediction Market Data Reporting Plan

    The U.S. Commodity Futures Trading Commission has sent a proposal outlining certain prediction market data reporting requirements to the White House for review, adding to its push to set rules and assert jurisdiction over fast-growing prediction markets.

  • June 16, 2026

    6th Circ. Says CFTC Can't Argue In Kalshi, Ohio Betting Fight

    The Sixth Circuit denied a bid by the U.S. Commodity Futures Trading Commission to appear as an amicus during oral arguments in Kalshi's appeal of a lower court ruling denying it a temporary enforcement shield in the prediction market platform's dispute with Ohio state officials.

  • June 16, 2026

    Dems Press Treasury, DOJ On Binance Sanctions Compliance

    A group of Senate Democrats led by Adam Schiff, D-Calif., is pressing the U.S. Treasury Department and Justice Department for updates on the oversight of crypto exchange Binance in light of reports that the platform has facilitated Iranian sanctions evasion and maintains ties to members of the Trump administration.

  • June 16, 2026

    Kalshi Shared Private User Data With Third Parties, Suit Says

    A California man has hit Kalshi Inc. with a proposed class action in federal court, accusing the prediction market of illegally sharing its users' personal information through LinkedIn and Google website tracking codes.

  • June 16, 2026

    CFPB Scraps 'Outdated' Credit Access Program Guidelines

    The Consumer Financial Protection Bureau is withdrawing a 2020 advisory that gave lenders a road map for offering specially designed credit access programs for underserved communities, saying the guidance is "now outdated" after the agency's recent fair lending rule rollback.

  • June 16, 2026

    NC Man Must Pay $36K To End SEC's Suit Over 'Free-Riding'

    A U.S. Securities and Exchange Commission lawsuit accusing a North Carolina man of taking advantage of broker-dealer services to trade hundreds of thousands in securities despite not having the funds came to an end Monday in a final judgment after he failed to appear.

  • June 16, 2026

    Crypto Firm BlockFills Gets OK For $3.25M Ch. 11 Sale

    A Delaware bankruptcy judge on Tuesday agreed to approve the $3.25 million sale of cryptocurrency financial technology firm BlockFills to a Belgian digital asset investment group as BlockFills prepares for a Chapter 11 plan confirmation hearing.

  • June 15, 2026

    Cognizant, Infosys Can't Shield Execs From Depositions

    Infosys Ltd. and Cognizant TriZetto Software Group Inc. will each have to produce executives to speak on certain topics for depositions in a Texas federal lawsuit over claims that Infosys stole Cognizant's trade secrets to build a competing healthcare software, a special master ruled Monday.

  • June 15, 2026

    Lender Groups Sue Over Oregon's Federal Rate Opt-Out Law

    Lender trade groups sued Monday to block Oregon from capping the interest rates on loans made by out-of-state banks, opening a new front in industry litigation over whether states can use an obscure provision of federal law to curb higher-cost online lending to their residents.

  • June 15, 2026

    Feds End Appeal Of No-Prison Decisions In $577M Crypto Case

    The Ninth Circuit has granted federal prosecutors' request to voluntarily dismiss their appeal of no-prison sentences for an Estonian duo who pled guilty to a wire fraud conspiracy in connection with a $577 million cryptocurrency-mining Ponzi scheme.

  • June 15, 2026

    GAO Urges FDIC To Rotate Examiners, Coordinate On Crypto

    A U.S. government watchdog said Monday that it's urging the Federal Deposit Insurance Corp. to redouble its efforts to adopt bank examiner rotation requirements and coordinate with other agencies on addressing blockchain risks.

  • June 15, 2026

    FinCEN Says Banks May Exchange Fraud Alerts In 'Real Time'

    The U.S. Treasury Department's financial crime unit is moving to encourage greater industry collaboration against scams and fraud, issuing new guidance that clarifies banks can share real-time alerts and other, broader data with one another under a key liability safe harbor.

  • June 15, 2026

    Ex-SEC Atty Reprimanded Over Misstatements In Crypto Case

    A former U.S. Securities and Exchange Commission attorney has received a public reprimand for misleading a judge in a cryptocurrency fraud case that led to sanctions against the agency.

  • June 15, 2026

    3 Firms Steer $2.75B Nuvei, Payoneer Global Payments Deal

    Nuvei said Monday it will acquire Payoneer in a $2.75 billion all-cash deal that will combine two major players in global payments as competition intensifies across cross-border financial infrastructure.

  • June 12, 2026

    5 Things To Know About Trump's Latest CFPB Nominee

    President Donald Trump's newest pick for Consumer Financial Protection Bureau director has spent years sketching out a conservative vision for the agency that he could soon run, one that emphasizes minimalist rules, legal restraint and administrative procedure.

  • June 12, 2026

    Gensler Tells 6th Circ. 'Sports Bets Aren't Swaps'

    Former Wall Street regulator Gary Gensler told the appeals court overseeing Kalshi's prediction market battle with Ohio regulators that Congress didn't intend for the U.S. Commodity Futures Trading Commission to become a nationwide sports betting regulator when it drafted swaps laws during his chairmanship of the agency.

  • June 12, 2026

    Robinhood Wins Final Approval Of $2M Order-Flow Deal

    A California federal judge granted final approval to a $2 million class settlement resolving claims that Robinhood affected how customers' orders on the trading platform were handled by failing to disclose financial interests.

  • June 12, 2026

    Fintech Lender Sued Over Arbitration Clause Omissions

    Affirm Inc. has been sued for allegedly making misleading statements and omissions in its mandatory arbitration clause, withholding the company's 100% win rate in contested arbitrations, and not disclosing that its chief legal and compliance officer sat on the arbitrator's governing board.

  • June 12, 2026

    2nd Circ. Backs Bankman-Fried's 25-Year Fraud Conviction

    The Second Circuit on Friday upheld Sam Bankman-Fried's conviction and an $11 billion forfeiture order in an opinion that found the ex-CEO's claims that he could have made FTX customers whole didn't matter in the face of the government's "robust" evidence of his role in the fraud that felled the cryptocurrency exchange.

Expert Analysis

  • Operational AI Washing: Fortifying The Disclosure Record

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    The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman.

  • Treasury Proposal Maps Compliance Road For Stablecoins

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    Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter.

  • Adapting To AI-Driven Scrutiny Of Foreign Asset Disclosures

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    As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons.

  • 2nd Circ.'s Cantero Redo Complicates Mortgage Escrow Issue

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    The Second Circuit's recent decision in Cantero v. Bank of America reflects the absence of definitiveness in mortgage escrow preemption jurisprudence, leaving lenders to navigate conflicting state rules and pricing challenges amid a deepening circuit split, say attorneys at Sullivan & Cromwell.

  • 5 Rules In 10 Weeks: Inside Genius Act's Implementation Blitz

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    Regulators have proposed five Genius Act rules in a striking span of 10 weeks, building a stablecoin framework that, with the Office of the Comptroller of the Currency at its operational center, will shape oversight and force issuers, banks and fintechs to take action as deadlines approach, say attorneys at Cahill.

  • Series

    NY Times Word Puzzles Make Me A Better Lawyer

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    Every morning I let The New York Times humble me with word games, which offer a chance to recalibrate my brain before the day's chaos arrives and remind me that a solution — whether to a puzzle or employment law issue — almost always exists once I find the right angle, says Amy Epstein Gluck at Pierson Ferdinand.

  • Revised Fed Principles Balance Risk And Remediation

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    The Federal Reserve's recently updated supervisory principles sharpen standards for enforcement actions while rewarding self-identification and remediation, signaling a more transparent approach that could reduce uncertainty and reshape how banks manage examination risk and regulator engagement going forward, say attorneys at Davis Wright.

  • Big Issues Linger After Senate Prediction Market Trading Ban

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    Whether the Senate can — or should — extend prediction market trading restrictions beyond itself will test not only the boundaries of insider trading law, but also the structural limits of legislative power in an era where information itself has become a tradable asset, say attorneys at Benesch.

  • Series

    Law School's Missed Lesson: Diagnose Before Arguing

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    Law school often skips over explicitly teaching students how to determine what kind of problem a case presents before they commit to a particular doctrinal path, which risks building arguments that are internally coherent but externally misaligned, says Melanie Oxhorn at Kobre & Kim.

  • What Model Risk Guidance Update Means For Banks

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    Federal prudential regulators recently issued new model risk management guidance for banks that is designed to reduce prescriptive supervisory expectations and instead focus more on material financial risk, so banking organizations should reassess their model inventories, apply the new materiality framework and update their internal policies, say attorneys at Orrick.

  • Becoming The Biz-Savvy GC That Portfolio Companies Need

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    Candidates for general counsel roles at private equity-backed portfolio companies should prioritize proving their sector-specific experience, commercial judgment and ease with uncertainty — and attorneys hoping to be candidates in five to 10 years should start working on those skills now, says Dimitri Mastrocola at Major Lindsey.

  • Operational AI Washing: The Section 220 Information Strategy

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    Plaintiffs filing AI washing claims will likely use Section 220 of the Delaware General Corporation Law to obtain internal board records, but 2025 amendments have fundamentally changed the landscape of presuit shareholder document demands in ways that create both risk and opportunity for companies, say attorneys at Akerman.

  • Series

    Judges On AI: How Courts Can Survive The Tech Revolution

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    Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tips for courts navigating deepfakes, hallucinations and a gap in access to AI tools.

  • 3 AI Adoption Mistakes GCs Should Avoid

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    The pressure in-house legal teams face to quickly adopt artificial intelligence tools, combined with budget constraints and the need to evaluate a crowded market of options, sets the stage for implementation mistakes that are often difficult to undo, says former 23andMe general counsel Guy Chayoun.

  • Sentencing Tips For Defending Crypto Conspiracy Cases

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    The sentencing of Evan Tangeman to 70 months in federal prison for laundering money in a cryptocurrency conspiracy illustrates that defense attorneys representing clients in multidefendant crypto cases need to understand the mechanics of conspiracy liability, loss attribution and restitution exposure before they reach the sentencing table, says Joseph De Gregorio at Sentencing Advocacy.

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