Fintech

  • February 18, 2026

    Former SEC Deputy Director Joins Paul Weiss

    Paul Weiss Rifkind Wharton & Garrison LLP announced on Wednesday that it has hired a former federal prosecutor who recently stepped down as deputy director of enforcement at the U.S. Securities and Exchange Commission.

  • February 17, 2026

    OCC Floats New Appeals Board To Hear Bank Exam Disputes

    The Office of the Comptroller of the Currency is moving to overhaul its internal appeals process for banks, pitching a new review board and other changes that could make challenges to examiner findings more common and more likely to succeed.

  • February 17, 2026

    CFTC Backs Prediction Markets In 9th Circ. Fight With Nevada

    U.S. Commodity Futures Trading Commission Chair Michael Selig told state gaming regulators Tuesday that he intends to defend his agency's "exclusive jurisdiction" over prediction markets, starting with a brief to the Ninth Circuit backing Crypto.com in an ongoing brawl with Nevada regulators over its sports wagers.

  • February 17, 2026

    9th Circ. Clears Way For Nev. Gaming Action Against Kalshi

    The Ninth Circuit on Tuesday denied Kalshi's request to keep its sports event contracts safe from Nevada gaming regulators, clearing the way for the state to bring a civil enforcement action against the online trading platform.

  • February 17, 2026

    Kalshi Wins Stay Of Mass. Injunction Amid Appeal

    Massachusetts' intermediate-level appeals court on Tuesday granted prediction market Kalshi a reprieve from having to comply with an order blocking it from offering sports-related event contracts in the state, pending the outcome of an expedited appeal.

  • February 17, 2026

    Gemini Parts Ways With CLO Amid Post-IPO Strategy Shift

    Winklevoss-led crypto exchange Gemini Space Station Inc. on Tuesday promoted one of its lawyers to interim general counsel as it parted ways with its chief legal officer, just weeks after the platform said it would wind down some international operations and reduce its workforce.

  • 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.

Expert Analysis

  • How Novel Del. Ruling Tackled Crypto Jurisdiction

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    As courts grapple with cryptocurrency's borderless nature, the Delaware Court of Chancery's recent decision in Timoria v. Anis highlights the delicate balance between territorial jurisdiction and due process, and reinforces the need for practitioners to develop sophisticated, multijurisdictional approaches to digital asset disputes, say attorneys at Holland & Knight.

  • What CFTC Push For Tokenized Collateral Means For Crypto

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    The Commodity Futures Trading Commission's recent request for comment on the use of tokenized products as collateral in derivatives markets signals that it is expanding the scope and form of eligible collateral, and could broaden the potential use cases for crypto-assets held in tokenized form, say attorneys at Dechert.

  • Indiana Law Sets New Standard For Wage Access Providers

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    The recent enactment of a law establishing a comprehensive regulatory framework for earned wage access positions Indiana as one of the leading states to allow EWA services, and establishes a standard that employers must familiarize themselves with before the Jan. 1 effective date, say attorneys at Faegre Drinker.

  • Series

    Practicing Stoicism Makes Me A Better Lawyer

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    Practicing Stoicism, by applying reason to ignore my emotions and govern my decisions, has enabled me to approach challenging situations in a structured way, ultimately providing advice singularly devoted to a client's interest, says John Baranello at Moses & Singer.

  • Series

    The Biz Court Digest: Texas, One Year In

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    A year after the Texas Business Court's first decision, it's clear that Texas didn't just copy Delaware and instead built something uniquely its own, combining specialization with constitutional accountability and creating a model that looks forward without losing touch with the state's democratic and statutory roots, says Chris Bankler at Jackson Walker.

  • AG Watch: Illinois A Key Player In State-Level Enforcement

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    Illinois Attorney General Kwame Raoul has systematically strengthened his office to fill federal enforcement gaps, oppose Trump administration mandates and advance state policy objectives, particularly by aggressively pursuing labor-related issues, say attorneys at Troutman.

  • Series

    Law School's Missed Lessons: Educating Your Community

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    Nearly two decades prosecuting scammers and elder fraud taught me that proactively educating the public about the risks they face and the rights they possess is essential to building trust within our communities, empowering otherwise vulnerable citizens and preventing wrongdoers from gaining a foothold, says Roger Handberg at GrayRobinson.

  • Strategies For Merchants As Payment Processing Costs Rise

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    As current economic pressures and rising card processing costs threaten to decrease margins for businesses, retail merchants should consider restructuring how payments are made and who processes them within the evolving legal framework, says Tom Witherspoon at Stinson.

  • Shifting Crypto Landscape Complicates Tornado Cash Verdict

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    Amid shifts in the decentralized finance regulatory landscape, the mixed verdict in the prosecution of Tornado Cash’s founder may represent the high-water mark in a cryptocurrency enforcement strategy from which the U.S. Department of Justice has begun to retreat, say attorneys at Venable.

  • 5 Crisis Lawyering Skills For An Age Of Uncertainty

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    As attorneys increasingly face unprecedented and pervasive situations — from prosecutions of law enforcement officials to executive orders targeting law firms — they must develop several essential competencies of effective crisis lawyering, says Ray Brescia at Albany Law School.

  • Blockchain May Offer The Investor Protection SEC Seeks

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    As the U.S. Securities and Exchange Commission moves to control the ballooning costs of the consolidated audit trail and attempts to finally give regulators a unified, real-time picture of trading, blockchain demonstrates what it looks like when that kind of transparency is a baseline feature, not an aspirational overlay, says Tuongvy Le at Veda Tech Labs.

  • Opinion

    It's Time For The Judiciary To Fix Its Cybersecurity Problem

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    After recent reports that hackers have once again infiltrated federal courts’ electronic case management systems, the judiciary should strengthen its cybersecurity practices in line with executive branch standards, outlining clear roles and responsibilities for execution, says Ilona Cohen at HackerOne.

  • Who Will Regulate Insider Trading In Prediction Markets?

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    The possibilities for insider trading have greatly expanded in the brave new world of prediction markets, and both the U.S. Commodity Futures Trading Commission and U.S. Department of Justice could bring enforcement actions in the space, so businesses should revisit their insider trading and confidential information policies, say attorneys at Fenwick.

  • Opinion

    Crypto Bills' Narrow Scope Guarantees Continued Uncertainty

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    The Digital Asset Market Clarity Act and Responsible Financial Innovation Act aim to make the $4 trillion crypto market more transparent and less susceptible to fraud, but their focus on digital assets sold in investment contract transactions promises continued uncertainty for the industry, says Joe Hall at Davis Polk.

  • Parody Defendants Are Finding Success Post-Jack Daniel's

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    Recent decisions demonstrate that, although the U.S. Supreme Court's decision in Jack Daniel's v. VIP Products did benefit trademark plaintiffs by significantly limiting the First Amendment expressive use defense, courts also now appear to be less likely to find a parodic work likely to cause confusion, says Andrew Michaels at University of Houston Law Center.

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