Fintech

  • 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.

  • August 12, 2026

    Lender Groups 'Wrong' On Interest Opt-Out Law, Ore. Says

    Oregon is pushing back against financial industry groups' request to halt the state's new law aimed at capping interest rates on loans from out-of-state banks, arguing the lender trade groups suing in federal court over this so-called opt-out law are trying to impose limits on it that Congress never intended.

  • August 12, 2026

    In 'Close' Call, 7th Circ. Backs FDIC In-House Enforcement

    In what the court called a "close and challenging call," the Seventh Circuit on Wednesday ruled the Federal Deposit Insurance Corp. could use in-house proceedings to adjudicate claims of unsound banking practices, rejecting a former Illinois community bank chairman's contention that such proceedings violate his right to trial by jury.

  • August 12, 2026

    Newrez Pays $15.5M Over Force-Placed Insurance Charges

    Rithm Capital-owned mortgage servicer Newrez LLC will pay $15.5 million to resolve allegations that force-placed insurance charges were erroneously levied against customers, following a multistate mortgage loan servicing examination, according to an announcement Wednesday from the New York State Department of Financial Services.

  • August 12, 2026

    NYC Probes Polymarket, Kalshi Over Ads Targeting Minors

    The New York City Council announced Wednesday that it is investigating Kalshi, Polymarket, Coinbase and Gemini Titan for potentially false, deceptive or abusive advertising tactics for their prediction market platforms, expressing concerns about marketing directed toward young people.

  • August 12, 2026

    PayPal Wins Final Dismissal Of Merchant Rules Antitrust Suit

    PayPal on Wednesday beat for good a proposed class action over its alleged restrictive merchant agreements, with a California federal judge finding that the third version of the suit still fails to establish the consumers' standing to bring antitrust claims.

  • August 12, 2026

    Novig Loses Bid To Halt NY Action Over Prediction Market

    A New York federal judge has refused to grant a temporary restraining order that would block the state from taking action against prediction market Novig, stating she was following the lead of another judge in her district who issued a similar ruling against Kalshi.

  • August 12, 2026

    Kalshi Uses CFTC Order To Build Case For NY Shield

    Kalshi intensified its push for the Second Circuit to shield it from a New York state lawsuit targeting its sports event contracts Wednesday, arguing a new U.S. Commodity Futures Trading Commission directive demonstrates the company's need for protection.

  • August 12, 2026

    Goldman Sachs To Buy NEOS Investments For Up To $2.25B

    Goldman Sachs said Wednesday that it has agreed to acquire NEOS Investments, a provider of options-based income exchange-traded funds, for up to $2.25 billion in cash and equity, in a transaction steered by three law firms. 

  • August 11, 2026

    CFTC Moves To Shield Kalshi From NY Lawsuit

    The U.S. Commodity Futures Trading Commission issued an emergency order Tuesday evening telling Kalshi that, even if the state of New York wins a restraining order preventing the prediction market platform from offering event contracts, it should continue business as usual.

  • August 11, 2026

    Cash Advance Co. Loses Coverage Bid For $1B NYAG Row

    Merchant capital advance provider Yellowstone Capital LLC has lost its bid for coverage of costs incurred in a $1 billion settlement with the New York attorney general over claims that it gouged small businesses, as a New Jersey federal judge found Yellowstone's insurance policy excludes coverage for claims of unfair business practices.

  • August 11, 2026

    SEC, CFTC Sue Goliath Over $400M Crypto Ponzi Scheme

    The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission sued bankrupt cryptocurrency investment firm Goliath Ventures Inc. and its founder Tuesday claiming they orchestrated a $400 million cryptocurrency Ponzi scheme.

  • August 11, 2026

    Canadian Banks Selling Moneris To Francisco For $1.4B

    Toronto-based payments company Moneris Solutions Corp. has agreed to be acquired by Francisco Partners Management LP for about CA$2 billion ($1.44 billion), as joint owners Bank of Montreal and Royal Bank of Canada look to exit the business while keeping commercial ties, the companies said Monday.

  • August 11, 2026

    Nev. Trader To Pay SEC $1.5M To End Spoofing Claims

    A Las Vegas-based securities trader has agreed to settle the U.S. Securities and Exchange Commission's claims that he used his long-time knowledge of the industry to carry out a four-year market spoofing scheme, which generated over $1.1 million.

  • August 11, 2026

    Kalshi Loss Dooms Coinbase's Bid To Block Conn. Enforcers

    A Connecticut federal judge has denied Coinbase's request to keep state gaming regulators from cracking down on its sports offerings, tying the decision to a nearly identical ruling he made against Kalshi earlier in the day.

  • August 11, 2026

    SEC Prepared To Introduce Crypto Regulations This Week

    The U.S. Securities and Exchange Commission plans to hold a meeting Friday during which it could issue a proposed rule outlining a path forward for the trading of crypto-assets under the agency's oversight.

  • August 11, 2026

    LGBCoin Defendant Looks To DQ Judge From Contempt Case

    The defendant who lost a default judgment last week in favor of "Let's Go Brandon" meme coin investors has now asked to disqualify a Florida federal judge from his related criminal contempt case after the judge accused him of acting "to disparage the court."

  • August 11, 2026

    SEC Claims Netcapital Juiced Revenue With Fake Deals

    The U.S. Securities and Exchange Commission has accused fintech company Netcapital Inc. of securities fraud by inflating earnings through "sham" consulting deals with Napster co-founder John Fanning that didn't actually generate revenue.

  • August 11, 2026

    Blue States Say OCC Overstepped On Escrow Interest Rules

    An Oregon-led coalition of nearly a dozen states sued Tuesday to overturn the Office of the Comptroller of the Currency's recent rules that exempt national banks from state laws requiring the payment of interest on homeowners' escrow account funds.

  • August 10, 2026

    OCC Takes Swipe At BofA In Post-Jan. 6 Data Sharing Suit

    A top U.S. banking regulator has waded into a proposed class action accusing Bank of America NA of unlawfully sharing customer information with law enforcement after the Jan. 6, 2021, U.S. Capitol attack, arguing the bank can't use a key regulatory safe harbor to exit the case.

  • August 10, 2026

    Trump Pick Confirmed To NCUA As Hauptman Joins PCAOB

    The National Credit Union Administration is poised for new leadership after senators on Friday confirmed Trump nominee John Crews to its board, whose acting Chairman Kyle Hauptman has departed for a seat on the Public Company Accounting Oversight Board.

  • August 10, 2026

    SEC Alleges Adviser Defrauded Investors In Pre-IPO Offerings

    The U.S. Securities and Exchange Commission both filed and settled a lawsuit in New York federal court Monday that accuses an investment manager of defrauding investors interested in taking positions in companies like SpaceX and Klarna before they went public. 

Expert Analysis

  • 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.

  • Series

    NY Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several notable banking law developments to New York, including a proposal to align state stablecoin rules with the federal Genius Act, fresh fair lending and cybersecurity guidance from state regulators, and a significant Second Circuit holding on preemption, say attorneys at Ashurst Perkins Coie.

  • Roundup

    The Most Talked-About Supreme Court Decisions Of 2026

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    This term, 11 U.S. Supreme Court decisions quickly became hot topics among Law360's guest writers.

  • Series

    Calif. Banking Brief: All The Notable Legal Updates In Q2

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    The year's second quarter brought several noteworthy financial services developments to California, including activity around a commercial finance oversight bill, the former Consumer Financial Protection Bureau head's appointment to lead a new consumer agency, and a ruling reinforcing viable bank-fintech partnerships, say attorneys at Manatt.

  • Quantum Readiness May Paradoxically Raise Contractor Risk

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    The organizations best positioned for the cryptographic system migration deadlines and other requirements under President Donald Trump’s recent quantum executive orders will be those able to inventory their cryptographic dependencies while protecting their vulnerability road map from adversaries, says Jesse Lemon at The Beckage Firm.

  • What Ex-CFPB Head's Calif. Role May Foretell For Oversight

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    California Gov. Gavin Newsom's selection of former Consumer Financial Protection Bureau Director Rohit Chopra to lead a new consumer agency signals tougher state financial services oversight, especially for fintechs, as well as heightened enforcement activity and larger penalties, say attorneys at WilmerHale.

  • Have Private Suits Filled Gap Left By SEC's Crypto Pullback?

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    In the wake of the U.S. Securities and Exchange Commission's regulatory retreat in the crypto space, private litigants have pursued claims across different types of crypto-related activities and market participants, but whether private lawsuits have replaced SEC enforcement remains unclear, says Simona Mola at NERA.

  • New Va. Finance Laws Signal Consumer Protection Push

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    Virginia's 2026 legislative session produced several noteworthy developments for financial institutions, including garnishment reforms, mortgage assumption requirements and debt collection reforms, signaling broader trends toward increased consumer protection, enhanced fraud prevention obligations and greater accountability in financial services operations, says Jay Spruill at Woods Rogers.

  • Series

    Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • What Ratings Overhaul May Mean For Banking Industry

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    Proposed revisions to the bank rating system commonly known as CAMELS could constrain examiner discretion and tie supervisory outcomes more closely to measurable financial risk, potentially saving compliance costs, reducing the frequency of ratings downgrades and spurring a more growth-oriented banking system, say attorneys at Debevoise.

  • Series

    Illinois Banking Brief: All The Notable Legal Updates In Q2

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    The last three months were particularly consequential for Illinois banking law, with a federal court ruling reshaping the Interchange Fee Prohibition Act, the state filling enforcement gaps, significant legislative activity and a revision to the community bank leverage ratio, say attorneys at Riley Safer.

  • Attorney Mental Health Is An Ethical Obligation In The AI Era

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    As attorneys cope with the increasing unpredictability that artificial intelligence and constant policy changes have created, particularly in practice areas where they carry the emotional weight of clients’ most consequential life events, otherwise soft discussions about self-care are a matter of professional competence, says attorney Jack Jrada.

  • 3 Steps For Banks As Section 1071 Rule Finally Becomes Final

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    Some community banks and other lenders will get some breathing room in the final Section 1071 rule exempting them from small business lending reporting duties, but other reporting institutions should update applications, systems and staff training ahead of the 2028 compliance date, says Memrie Fortenberry at Jones Walker.

  • Prediction Market Case Will Test US Insider Trading Reach

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    The insider trading case recently brought against Google employee Michele Spagnuolo may help clarify the extraterritorial reach of the Commodity Exchange Act and U.S. agencies' ability to police foreign trading in prediction markets, say attorneys at Akin.

  • Series

    Power To The Paralegals: Burnout As A Structural Problem

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    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

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