Fintech

  • February 17, 2026

    Firm Seeks Sanctions For Rhodium Settlement Fee Fight

    Lehotsky Keller Cohn LLP is asking a Texas bankruptcy judge to sanction members of the board of bankrupt cryptocurrency miner Rhodium Encore LLC and their attorneys, saying they used false claims of misconduct to delay an $8.9 million fee payment.

  • February 13, 2026

    Fintech's Home Equity Product Is Predatory Loan, Suit Says

    Fintech firm Hometap Equity Partners LLC faces class action claims in New Jersey federal court that its "complex, confusing and high-risk" home equity products are predatory loans in disguise that violate federal and state consumer protection laws and could cost consumers their homes.

  • February 13, 2026

    Banking, Fintech Groups Clash Over OCC Trust Rule Update

    Banking groups have warned the Office of the Comptroller of the Currency that it's overstepping its authority with a proposal to update the scope of national trust company operations, while fintech groups that the rule change would ostensibly benefit have applauded the measure.

  • February 13, 2026

    Crypto CEO Gets 20 Years For $200M Bitcoin Ponzi Scheme

    The CEO of a cryptocurrency trading company will serve 20 years for his role in a $200 million Ponzi scheme that federal prosecutors said defrauded more than 90,000 investors worldwide, a sentence the CEO claims is too long given his life expectancy.

  • February 13, 2026

    FinCEN Opens Online Portal For Whistleblower Tips

    An enforcement arm of the U.S. Treasury Department on Friday launched a webpage for confidential whistleblower tips on fraud, money laundering and sanctions violations, touting financial awards for eligible tips.

  • February 13, 2026

    CFPB Calls State AGs' Suit Moot Now That It Has Funding

    The Consumer Financial Protection Bureau has told an Oregon federal judge that a suit brought by several state attorneys general over acting Director Russell Vought's alleged refusal to replenish the agency's funding from the Federal Reserve is now moot since the CFPB "has requested and received funding for this quarter."

  • February 13, 2026

    Expensify Inks $9.5M Investor Deal Over Pre-IPO Claims

    Expensify Inc. has agreed to pay $9.5 million to resolve a proposed class of investors' lawsuit that accused the company of misleading them about its "bottom-up" business model ahead of its nearly $263 million initial public offering, according to a motion seeking an Oregon federal court's preliminary approval of the settlement.

  • February 13, 2026

    Bannon, Epshteyn Sued Over 'Let's Go Brandon' Coin Promos

    Stephen Bannon and Boris Epshteyn, a senior aide to President Donald Trump, have been hit with a proposed class action in Washington, D.C., federal court over their promotion of the "Let's Go Brandon" crypto coin, named after the infamous anti-Biden meme.

  • February 13, 2026

    FinCEN Eases Beneficial Owner ID Rules For Banks

    The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.

  • February 13, 2026

    Fintech Clear Street Delays US IPO After Downsizing Offering

    Cloud-based financial services provider Clear Street has postponed its initial public offering due to market conditions, a move that comes just a day after the company significantly reduced its planned offering size.

  • February 13, 2026

    UK Litigation Roundup: Here's What You Missed In London

    This past week in London has seen a former U.S. defense contractor convicted of tax evasion face legal action, French football club Olympique Lyonnais sued following a $97 million ruling against its owner John Textor, consulting giant Kroll targeted by a South African airline, and H&M hit with a claim alleging it copied protected sunglasses designs. Here, Law360 looks at these and other new claims in the U.K.

  • February 12, 2026

    5 Key Flashpoints From Fed's 'Skinny' Account Proposal

    The Federal Reserve's push to create "skinny" master accounts that would open up access to U.S. payment rails has become the latest front in long-running turf wars between banks and fintech companies. Here are five of the project's hottest flashpoints attracting controversy.

  • February 12, 2026

    Simpson Thacher, Davis Polk Steer SoftBank-Backed IPO

    SoftBank Group Corp.-backed Japanese mobile payment service PayPay Corp., represented by Simpson Thacher & Bartlett LLP, on Thursday filed paperwork with the U.S. Securities and Exchange Commission for a proposed initial public offering, the underwriters of which are represented by Davis Polk & Wardwell LLP.

  • February 12, 2026

    Fla. Bank Punished Whistleblowers, Fired Execs Say

    Three former top executives of First National Bank of Pasco have sued their ex-employer in Florida federal court, alleging it wrongfully fired them for blowing the whistle on what they called banking law violations, risky fintech exposure and improper board conduct, among other things.

  • February 12, 2026

    SEC's Atkins Rejects Top Dem's Crypto Corruption Claims

    U.S. Securities and Exchange Commission Chairman Paul Atkins on Thursday pushed back on claims his agency dropped against cryptocurrency firms as a political favor to President Donald Trump, telling Senate Democrats a "changed attitude" by the commission led to the dismissals.

  • February 12, 2026

    Top SEC Enforcer Sees Fewer Cases Over Common Violations

    The U.S. Securities and Exchange Commission's enforcement chief says she is confident that many violations of federal securities laws concerning requirements for reporting, recordkeeping and internal accounting should not result in agency enforcement actions.

  • February 12, 2026

    Bipartisan Bill Targets Scam Ads On Social Media Platforms

    Federal lawmakers are pushing to require social media companies to crack down on fraudulent advertising on their platforms under new bipartisan legislation that is drawing praise from banking and consumer groups.

  • February 12, 2026

    Investor Claims $250K Fraud In Project Tied To Magic Johnson

    A business owner accused an associate of Earvin "Magic" Johnson of fraudulently taking $250,000 to invest in an online education platform about cryptocurrency that was endorsed by the legendary basketball player but never launched or paid any royalties.

  • February 12, 2026

    'Texit' Crypto Offering Halted By Texas Securities Regulator

    Texas' state securities regulator has filed an emergency cease-and-desist order against an enterprise selling mining interests for a cryptocurrency invoking the Texas secession movement, alleging the scheme constitutes a fraudulent and unregistered offering and sale of securities.

  • February 12, 2026

    Fintech Group Of The Year: Sullivan & Cromwell

    Sullivan & Cromwell LLP steered collapsed crypto exchange FTX to the resolution of an industry-defining bankruptcy process, was early to the wave of public crypto treasury companies as an adviser to Twenty One Capital, and advised SmartBiz Loans through the acquisition of a bank — landing the law firm among the 2025 Law360 Fintech Groups of the Year.

  • February 12, 2026

    Elliott Takes Stake In Stock Exchange Group, More Rumors

    Activist investor Elliott Management has taken a sizable stake in the London Stock Exchange Group as it faces underperformance, payments company giant Stripe is planning a tender offer that could value it at $140 billion, and private equity firm Hellman & Friedman is looking to buy payments firm Bill Holdings.

  • February 11, 2026

    Paxful Sentenced To $4M Fine Over Compliance Failures

    A California federal judge sentenced now-shuttered crypto exchange Paxful Holdings Inc. to a $4 million penalty in line with a December 2025 plea agreement that saw the firm cop to anti-money laundering failures that enabled illicit transfers of criminal proceeds.

  • February 11, 2026

    Contracts On Aliens, Hugs Aren't Gambling, Kalshi Tells Judge

    The distinction between a futures contract and a wager could play a role in deciding whether Kalshi can offer certain sports-related transactions in Connecticut, a federal judge hinted Wednesday while hypothesizing about the legality of contracts on events like first contact with extraterrestrial life and world leaders greeting each other with a warm embrace.

  • February 11, 2026

    SEC's Atkins Says ESG Fund Names Rule Is Under Review

    U.S. Securities and Exchange Commission Chairman Paul Atkins told Congress on Wednesday that he has directed staff to review a Biden-era rule aimed at preventing false advertising by funds marketed to eco-conscious investors, though he didn't detail what specific changes were under consideration. 

  • February 11, 2026

    Crypto Co. Owes Investors $55M After Failed Deal, Suits Say

    Cryptocurrency firm Goliath Ventures Inc. has reneged on agreements to return capital to investors in cryptocurrency liquidity pools and failed to pay significant management fees, to the tune of nearly $55 million, according to three suits filed in Florida.

Expert Analysis

  • 5 E-Discovery Predictions For 2026 And Beyond

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    2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.

  • Where States Jumped In When SEC Stepped Back In 2025

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    The state regulators that picked up the slack when the U.S. Securities and Exchange Commission scaled back enforcement last year should not be underestimated as they continue to aggressively police areas where the SEC has lost interest and probe industries where SEC leadership has actively declined to intervene, say attorneys at Morgan Lewis.

  • What's On Deck In Tribal Nations' Prediction Markets Litigation

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    Native American tribes' response to the expansion of sports-based prediction markets enters a decisive phase this year, with appellate courts positioned to address whether federal commodities law permits nationwide offering of sports-based event contracts free from state and tribal gaming regulation, say attorneys at Holland & Knight.

  • Reviewing Historical And Recent NYDFS Blockchain Guidance

    Excerpt from Practical Guidance
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    An industry letter released in the fall by the New York State Department of Financial Services, together with guidance issued over the past decade, signals a heightened regulatory expectation for covered institutions regarding the use of blockchain analytics and requires review, says Nicole De Santis at Nomadis Consulting.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Shopify Suit Is An Early Antitrust Test Of 'Buy Now, Pay Later'

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    An ongoing antitrust suit in Minnesota federal court filed by Sezzle against Shopify — one of the earliest such lawsuits focused on buy now, pay later services — could play a particularly informative role in how short-term credit offerings and the broader market develop, say attorneys at Alston & Bird.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Banking M&A Outlook Reflects Favorable Regulatory Climate

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    The banking mergers and acquisitions environment is starting 2026 with a rare alignment of favorable market conditions and a more permissive regulatory atmosphere, creating a clear window for banks to pursue transformative combinations and shape the competitive landscape, say attorneys at Reed Smith.

  • 2025's Defining AI Securities Litigation

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    Three securities litigation decisions from 2025 — involving General Motors, GitLab and Tesla — offer a preview of how courts will assess artificial intelligence-related disclosures, as themes such as heightened regulatory scrutiny and risk surrounding technical claims are already taking shape for the coming year, say attorneys at Cooley.

  • Targeted Action, Rule Tweaks Reflect 2025 AML Priority Shifts

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    Though 2025’s anti-money-laundering landscape was characterized not by volume of penalties but by the strategic recalibration of how illicit finance risk is handled, a series of targeted enforcement actions signaled that regulators aren't easing off the accelerator, even as they refine the rules of the road, say attorneys at MoFo.

  • Series

    Mass. Banking Brief: All The Notable Legal Updates In Q4

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    Among the most significant developments on the banking regulation front in Massachusetts last quarter, Attorney General Andrea Joy Campbell announced her bid for reelection, and the state Division of Banks continued its fintech focus by finalizing rules implementing a new money transmitter law, say attorneys at Nutter.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • State AG Enforcement During CFPB Gap Predicts 2026 Trends

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    State attorneys general responded to the decrease in Consumer Financial Protection Bureau enforcement in 2025 by stepping in to regulate consumer finance more than ever before, and the trends in rebooting CFPB investigations, cracking down on ESG and DEI initiatives, and fighting financial exploitation of homeowners will likely extend into 2026, say attorneys at Cozen O'Connor.

  • Series

    A Day In The In-House Life: Chime GC Talks Pathfinding

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    On a recent Tuesday in the office, Chime's general counsel Adam Frankel shares his typical work day, tackling everything from strategically guiding product launches and testing AI tools to mastering the perfect latte and making time for extracurricular interests.

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