Fintech

  • April 16, 2026

    MoneyLion Hit With Wash. Class Action Over Referral Texts

    A program from fintech platform MoneyLion encouraging users to refer friends to the service has flooded Washington residents with unsolicited text messages in violation of the state's Commercial Electronic Mail Act, alleges a putative class action removed to Seattle federal court Wednesday.

  • April 16, 2026

    CFTC's Selig Pushes Back On Lawmakers' Staffing Concerns

    U.S. Commodity Futures Trading Commission Chair Michael Selig on Thursday dismissed lawmakers' concerns that his agency may be understaffed for a widening mandate that includes policing prediction markets, and insisted he won't delay rulemaking while he waits for the president to appoint other commissioners.

  • April 16, 2026

    Capital One Hit With Class Action Over Canceled Rewards

    Capital One has been hit with a proposed class action in Virginia federal court accusing it of unlawfully canceling billions of dollars in earned credit card rewards by unilaterally closing customers' accounts without cause.

  • April 16, 2026

    Kalshi Rejects Returning Enforcement Case To State Court

    Prediction market platform Kalshi contends that a suit brought against the company by Michigan's attorney general alleging violations of state gambling laws should stay in federal court and not be remanded to state court.

  • April 16, 2026

    SEC Queries Public On Possible CAT Replacement

    The U.S. Securities and Exchange Commission is asking the public how it might overhaul a key market surveillance tool to cut down on cost overruns and confront legal challenges, floating the question Thursday of whether the database should exist at all in its current form.

  • April 16, 2026

    OCC Says Bank Misled Borrowers Into Costlier VA Refi Loans

    The Office of the Comptroller of the Currency has settled with an Illinois bank over claims it deceptively marketed federally guaranteed home refinance loans for veterans, issuing an enforcement order that is drawing consumer advocate scrutiny for omitting key redress details.

  • April 16, 2026

    Paul Hastings Guides Schwab On Retail Crypto Launch

    Charles Schwab on Thursday announced the launch of its new spot cryptocurrency trading offering that will provide retail clients direct access to bitcoin and ethereum trading, developed with the guidance of Paul Hastings LLP.

  • April 15, 2026

    Trump Defends DOJ Investigation Of 'Incompetent' Fed Chair

    President Donald Trump expressed support Wednesday for the U.S. Department of Justice continuing to investigate Federal Reserve Chair Jerome Powell over the Fed's headquarters renovation, saying the government must "find out what happened" with the project's $2.5 billion price tag.

  • April 15, 2026

    Winston & Strawn Must Face $1.7B GloriFi Malpractice Suit

    A Chapter 7 malpractice suit brought by the trustee of fintech company GloriFi asserting $1.7 billion in damages from a failed initial public offering mostly survived a motion to dismiss late Tuesday, with a Texas bankruptcy judge saying the trustee sufficiently pled breach claims against law firm Winston & Strawn.

  • April 15, 2026

    Payments Co., Owner 'Sabotaged' $175M Sale, Crypto Biz Says

    A cryptocurrency wallet platform seeks to enforce its $175 million deal to purchase a global payments company, accusing the company and its owner of "a blatant, reckless, and improper campaign" to keep the sale from closing.

  • April 15, 2026

    Brigit To Take Fight Over 'Instant' Wage Advances To 2nd Circ.

    Short-term cash advance company Brigit has said it will appeal a New York federal judge's refusal to dismiss a proposed class action alleging it overcharged military borrowers with its "Instant Cash" earned-wage advances, which the judge ruled qualified as consumer loans under federal law.

  • April 15, 2026

    Circle Failed To Freeze $280M Lost In April 1 Hack, Suit Says

    Circle is facing a proposed class action from a Missouri crypto user who accused the stablecoin issuer of failing to intervene and freeze assets as unknown hackers drained an estimated $280 million in digital assets from crypto project Drift Protocol in an April Fools' Day exploit.

  • April 15, 2026

    2nd Circ. Backs $58M IcomTech Ponzi Convictions, Sentences

    The Second Circuit upheld convictions and judgments for defendants behind a $58 million IcomTech cryptocurrency Ponzi scheme after rejecting their arguments that there's no evidence they knew it was a fraud, ruling Wednesday "sufficient red flags existed" for the lower court to properly provide a "conscious avoidance" jury instruction.

  • April 14, 2026

    Ex-CFTC Chair Departs Willkie, Law Practice For Fintech Work

    The former leader of the nation's derivatives regulator dubbed "Crypto Dad" says he's leaving his law practice at Willkie Farr & Gallagher LLP to focus on advising fintechs and crypto firms, researching public policy issues and working with nonprofit programs.

  • April 14, 2026

    Trump's Fed Chair Pick Will Get Senate Hearing Next Week

    The Senate Banking Committee will meet next week to vet Kevin Warsh as President Donald Trump's nominee as the next leader of the Federal Reserve, moving forward with his confirmation process despite bipartisan protests over a still-pending probe of current Fed Chair Jerome Powell.

  • April 14, 2026

    Investors Want Sanctions For Fake Citations In LGBCoin Suit

    Investors in the "Let's Go Brandon" meme token urged a Florida federal judge Monday to issue "case-terminating sanctions" against the man behind the coin, saying he and his counsel have lied in discovery, disobeyed court orders and submitted fake legal citations in at least eight filings.

  • April 14, 2026

    Delaware Eyes Stablecoin Edge With Banking Law Overhaul

    Delaware lawmakers and industry attorneys say a pair of proposed bills updating the state's banking laws and creating a regulatory framework for payment stablecoins are aimed at ensuring the state remains a leader as financial services evolve, just as it did decades ago with credit card banking and corporate law.

  • April 14, 2026

    Experian Accused Of Reporting Fraudulent Pink Energy Loans

    A Virginia consumer is accusing Experian of violating the Fair Credit Reporting Act by blindly listing inflated loan balances from the now-bankrupt Pink Energy solar panel scheme on consumers' reports, claiming in a new class action that the reporting agency ignored warnings from state regulators and continued showing overstated debts.

  • April 14, 2026

    JPMorgan Says Dimon Claim Can't Keep Trump Suit In Florida

    JPMorgan Chase is pressing its bid to move a whittled version of President Donald Trump's $5 billion debanking lawsuit to New York federal court, arguing the president can't use a "makeweight claim" against its CEO, Jamie Dimon, to anchor the case in Florida state court.

  • April 13, 2026

    Crypto Suit Fails Without Proof Of Partnership, 2nd Circ. Says

    An Oregon man has not shown that he is entitled to a share of profits from a purported joint venture in cryptocurrency investment involving a once close friend, the Second Circuit said Monday, affirming a Manhattan federal judge's dismissal of the claims.

  • April 13, 2026

    Kalshi Says Montana Lacks The Power To Block Its Operations

    Kalshi on Monday asked a federal court to block Montana from trying to limit the prediction market's operations in the state, arguing that the exchange can only be lawfully regulated under federal law — not state gambling laws.

  • April 13, 2026

    FDIC Taps New Consumer Division, Innovation Chiefs

    The Federal Deposit Insurance Corp. said Monday that it has hired a onetime BigLaw partner to take over its consumer protection division and brought in a former Oregon community bank executive to become the agency's top innovation official.

  • April 13, 2026

    White House Study Minimizes Stablecoin Risk, ABA Says

    The American Bankers Association pushed back Monday on a recent White House study that found banning stablecoin yield programs wouldn't have much benefit for bank lending, saying the study downplayed the risks from such programs by asking the "wrong question" about them.

  • April 13, 2026

    Fed. Circ. Looks Askance At Sanctions In E-Banking IP Case

    A Federal Circuit panel on Monday appeared bothered by a lower court's nearly $85,000 sanctions order against a company and its counsel in its infringement lawsuit over an online banking patent, with one judge saying the record does not seem to support such action.

  • April 13, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court's docket this past week featured a mix of high-stakes settlements, fast-moving deal litigation, governance disputes and a notable post-trial ruling involving fraud-tainted loans.

Expert Analysis

  • SEC Guidance Further Solidifies Status Of Tokenized Assets

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    The U.S. Securities and Exchange Commission recently released a statement that tokenized securities are securities governed by traditional securities laws, representing continued regulatory clarity and the development of expanded technical standards and risk management guidelines that can only improve the long-term viability of financial markets, say attorneys at Barnes & Thornburg.

  • 5 Tips For Navigating Your Firm's All-Attorney Summit

    Excerpt from Practical Guidance
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    Law firm retreats should be approached strategically, as they present valuable opportunities to advance both the firm's objectives and attorneys' professional development through meaningful participation, building and strengthening internal relationships, and proactive follow-up, says James Argionis at Cozen O’Connor.

  • Opinion

    Clarity Act Would Clear Welcome Pathways For Blockchain

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    The framework proposed under the Senate Banking Committee's version of the Clarity Act creates reasonable compliance obligations and meaningful token-distribution opportunities that would open the door for more U.S.-based blockchain projects, without the heightened risk of securities litigation and regulatory enforcement, says Karen Ubell at Goodwin.

  • 6 Noteworthy Changes From SEC Enforcement Manual Update

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    Recent updates to the U.S. Securities and Exchange Commission’s enforcement manual represent a commitment to transparency and fair process, with the signature change being a requirement that staff make certain probative evidence available during the Wells process, say attorneys at Debevoise.

  • Series

    Coaching Soccer Makes Me A Better Lawyer

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    Coaching youth soccer for my 7-year-old son's team has sharpened how I communicate with clients, prepare witnesses, work within teams and think about leadership, making me a more thoughtful and effective lawyer in many ways, says Joshua Holt at Smith Currie.

  • How To Wield The Clarity Act As A Litigation Defense Tool

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    The Clarity Act is being discussed as a future compliance statute, but for litigators it can be used as a present-day defense tool to strengthen fair‑notice framing, argue for forward‑looking remedies rather than punitive ones and reprice settlement leverage as statutory clarity approaches, say attorneys at Baker McKenzie.

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • Get Smart: Navigating The Genius Act's Regulatory Gaps

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    While some recent Genius Act rulemaking has covered consumer protection issues within the stablecoin market, the context is generally narrow and the final outcome remains uncertain for financial institutions or companies in the evolving landscape, say attorneys at Paul Hastings.

  • Why Prediction Market Regulation Is At Major Inflection Point

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    As prediction markets experience tremendous growth and rapid mainstream adoption, regulators have begun to exercise enforcement authority to ensure market integrity and protect participants, though forthcoming guidance will shed light on how aggressively the agencies will police the fast-changing landscape, say attorneys at Latham.

  • Compliance Takeaways Amid Increased Auto Finance Scrutiny

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    Recent supervisory focus on consumer protection in auto finance by agencies such as the Federal Deposit Insurance Corp. provides meaningful signals regarding areas of heightened regulatory scrutiny for lenders, including data accuracy, AI risk management and vendor oversight, say attorneys at Snell & Wilmer.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • The Practical Implications Of New FDIC Stablecoin Measures

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    The Federal Deposit Insurance Corp.'s recent proposal to create a formal process for issuing payment stablecoins arrives with several practical implications for FDIC‑supervised banks pursuing digital asset strategies, including a safe harbor for early applicants and a focus on ownership and governance, say attorneys at Troutman.

  • 5 Takeaways From OCC's 'Appealing' Exam Challenge Revamp

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    The Office of the Comptroller of the Currency's recent proposed overhaul of its bank appeals framework introduces several attractive, high-level changes that OCC-supervised banks and their counsel should note, and may lead to an increase in successful exam challenges, says James Williams at Venable.

  • What The CFTC's Event Contracts Amicus Brief Is Missing

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    The U.S. Commodity Futures Trading Commission's recent amicus brief in the Ninth Circuit's North American Derivatives Exchange v. Nevada case declines to define the boundary between swaps and wagers, leaving market participants, exchanges and intermediaries operating within a regulatory framework whose boundaries remain undrawn, says Tamara de Silva at De Silva Law Offices.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

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