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Fintech

  • August 26, 2025

    Fed Pushes To Dismiss Trump Ally's Suit Over Meeting Access

    Federal Reserve officials and members of the Federal Open Market Committee have urged a D.C. federal judge to toss a suit brought by an investment firm led by a supporter of President Donald Trump that seeks public access to monetary policy meetings, arguing they are not covered by the federal Sunshine Act as the investment firm claims.

  • August 26, 2025

    AI Copyright Licensing Is Helping To Fuel Tech's Evolution

    While courts wrestle with fair use questions around artificial intelligence training, legal experts say the growing number of licensing deals between tech companies and copyright owners is setting market norms for accessing the troves of content needed across rapidly evolving AI applications.

  • August 26, 2025

    X Corp. Settles WARN Act Suit With Worker Terminated In 2022

    A former X Corp. employee has settled its lawsuit alleging that he wasn't given a heads-up before the company conducted mass layoffs in 2022 following Elon Musk's takeover, prompting a California federal judge to conditionally dismiss the case on Monday, two weeks before trial had been set to begin.

  • August 26, 2025

    CFTC's Last Dem Member Departing Agency

    The U.S. Commodity Futures Trading Commission's sole remaining Democrat, Kristin Johnson, announced Tuesday that she will be departing the agency next week, leaving it in the hands of acting Chair Caroline Pham.

  • August 26, 2025

    Fed's Lisa Cook Preps Lawsuit Over Trump Firing

    Federal Reserve Gov. Lisa Cook is preparing to file a lawsuit over President Donald Trump's announcement that she has been terminated from her position, allegedly for committing mortgage fraud, her lawyer said Tuesday.

  • August 26, 2025

    Trump Media, SPAC And Crypto.com Create $6.42B Crypto Biz

    Blank check company Yorkville Acquisition Corp., Truth Social operator Trump Media & Technology Group Corp. and Crypto.com unveiled a partnership Tuesday that would establish a $6.42 billion digital asset treasury company focused on the acquisition of the native cryptocurrency token of the cronos ecosystem.

  • August 25, 2025

    Fed. Court Can't Halt FDIC Enforcement Order, 5th Circ. Says

    The Federal Deposit Insurance Corp. can move forward with in-house enforcement proceedings against a former bank CEO, the Fifth Circuit ruled Monday, finding that a Texas district court did not have jurisdiction to block the agency from issuing a final decision over the bank executive's constitutional claims.

  • August 25, 2025

    Medical Device Co. Eyes $400M Raise For Solana Treasury

    A medical device company on Monday announced its plans to raise $400 million through a private placement offering to build a crypto treasury composed primarily of the Solana blockchain token SOL.

  • August 25, 2025

    Trump Fires Fed's Lisa Cook Over Mortgage Fraud Allegation

    President Donald Trump on Monday evening fired Federal Reserve Gov. Lisa Cook over his administration's allegation that she committed mortgage fraud, thrusting the White House into uncharted territory in its campaign to exert control over the central bank. 

  • August 25, 2025

    ÃÛÌÒÊÓÆµ Plans To Limit Nonbank Supervision With Rule Proposal

    The Consumer Financial Protection Bureau plans to propose a rule that would rein in the use of the agency's power to designate individual nonbanks for supervision, according to a notice of rulemaking scheduled to publish in the Federal Register on Tuesday.

  • August 25, 2025

    Crypto Gaming Co. Says Musk's AI Startup Used Its Marks

    A blockchain-focused gaming firm has sued Elon Musk's xAI for infringing on its XAI trademark, accusing the artificial intelligence venture of sewing confusion among consumers and attempting to "bully" the crypto firm into signing off on the use of similar marks.

  • August 25, 2025

    Alleged Crypto Thieves Fight Use Of Google Search History

    A New York federal judge should exclude evidence showing two Massachusetts Institute of Technology-educated brothers accused of stealing $25 million in cryptocurrency searched terms including "top crypto lawyers" and "wire fraud statute / wire fraud statue of limitations," the brothers said in a motion, arguing their explanations for the searches are privileged.

  • August 22, 2025

    Kroll Catches Class Suit Over Crypto Bankruptcy Data Breach

    Kroll has been hit with a proposed class action in Texas federal court from an FTX creditor who says the claims and noticing agent should've done more to secure user data and notify claimants of key bankruptcy deadlines after it suffered a data breach that exposed creditors to a bevy of email attacks.

  • August 22, 2025

    CFTC Seeks Industry Input On White House Crypto Recs

    The Commodity Futures Trading Commission is asking crypto stakeholders to share feedback on recommendations in the White House's digital asset report as the agency continues a "crypto sprint" toward their implementation.

  • August 22, 2025

    ÃÛÌÒÊÓÆµ Inks Synapse Deal That Opens Door To Consumer Relief

    The Consumer Financial Protection Bureau has reached a settlement with the bankruptcy trustee for Synapse Financial Technologies Inc. that could unlock millions of dollars in relief for consumers whose funds were stranded in the middleware provider's collapse.

  • August 22, 2025

    Under Trump, White Collar Crypto Defense Gets New Playbook

    White collar lawyers are crafting new blueprints for crypto-related civil and criminal defense amid the Trump administration's embrace of the industry and the financial world’s growing acceptance of cryptocurrency as a legitimate asset.

  • August 22, 2025

    Coinbase Users' Biometric Privacy Suit Paused Amid Appeal

    Cryptocurrency exchange Coinbase can pause claims it's facing under Illinois' Biometric Privacy Act as the Seventh Circuit weighs questions about the state law's financial institution exemption provision, a Chicago federal judge has decided.

  • August 22, 2025

    Hometap Can't Escape Mass. AG's Consumer Protection Suit

    A Massachusetts judge has rejected arguments from financial startup Hometap that existing consumer protection and debt collection laws do not apply to its "novel" home equity product, denying the company's motion to dismiss a suit brought by the state's attorney general.

  • August 21, 2025

    Tribe Sues Kalshi, Robinhood To Block 'Gaming Racket'

    A Wisconsin Native American tribe accused trading platforms Kalshi and Robinhood of running a gambling racket through their offering of sports event contracts in a suit that seeks to permanently bar the firms from serving users on the tribe's land.

  • August 21, 2025

    BlockFi Judge Urged To OK $13M Deal As Objector Withdraws

    Investors who reached a $13.2 million settlement with the failed cryptocurrency lender BlockFi Inc. have urged a federal judge to move forward with the plan now that a class member has withdrawn his objections to the deal.

  • August 21, 2025

    Fintech Co. Ryvyl's $1M Investor Settlement Gets Initial OK

    A California federal court has granted preliminary approval to fintech company Ryvyl Inc.'s $1 million cash and stock class action settlement with investors who accused the company of concealing its accounting issues.

  • August 21, 2025

    Conn. Resident Lost $1.2M In AI Crypto Scam, Feds Say

    Federal authorities want to condemn two cryptocurrency wallets tied to a scam that ripped off a Connecticut resident for $1.2 million, according to a forfeiture complaint that says the victim was roped into a fraudulent "school" that supposedly used highly accurate artificial intelligence to make trading recommendations.

  • August 21, 2025

    DC Circ. Lets Trump's NCUA Board Purge Stand Amid Appeal

    A D.C. Circuit panel said Thursday that the Trump administration can continue blocking two ousted National Credit Union Administration leaders from returning to the agency's board while it appeals a lower-court ruling reinstating them.

  • August 21, 2025

    ÃÛÌÒÊÓÆµ Calls For Input On Open-Banking Fees, Access Issues

    The Consumer Financial Protection Bureau is taking a first step toward reopening its Biden-era open-banking rule, issuing a fresh call for comment on key sticking points that have divided banks and fintech firms and become a focus of industry litigation.

  • August 21, 2025

    Payment Tech Co. Hit With Patent Infringement Suit In Ga.

    Global payment technology company Verifone Inc. has been sued in Georgia federal court for allegedly infringing Sovereign Peak Ventures LLC's patents by "making, selling, importing, offering to sell and using Verifone devices with cellular capabilities."

Expert Analysis

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • Surveying The Changing Overdraft Fee Landscape

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    Despite recent federal moves that undermine consumer overdraft fee protections, last year’s increase in fee charges suggests banks will face continued scrutiny via litigation and state regulation, says Amanda Kurzendoerfer at Bates White.

  • The Road Ahead For Digital Assets Looks Promising

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    With new legislation expected to accelerate the adoption of blockchain technology, and with regulators taking a markedly more permissive approach to digital assets, the convergence of traditional finance and decentralized finance is closer than ever, say attorneys at Dechert.

  • How Securities Defendants Might Use New Wire Fraud Ruling

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    Though the Second Circuit’s recent U.S. v. Chastain decision — vacating the conviction of an ex-OpenSea staffer — involved the wire fraud statute, insider trading defendants might attempt to import the ruling’s reasoning into the securities realm, says Jonathan Richman at Brown Rudnick.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Compliance Is A New Competitive Edge For Mortgage Lenders

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    So far, 2025 has introduced state and federal regulatory turbulence that is pressuring mortgage lenders to reevaluate the balance between competitive and compliant employee and customer recruiting practices, necessitating a compliance recalibration that prioritizes five key strategies, say attorneys at Mitchell Sandler.

  • Even As States Step Up, They Can't Fully Fill ÃÛÌÒÊÓÆµ's Shoes

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    The Trump administration's efforts to scale down the Consumer Financial Protection Bureau have prompted calls for state regulators to pick up the slack, but there are also important limitations on states' ability to fill the gap left by a mostly dormant ÃÛÌÒÊÓÆµ, say attorneys at Covington.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • 'Pig Butchering' Seizure Is A Milestone In Crypto Crime Fight

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    The U.S.' recent seizure of $225 million in crypto funds in a massive "pig butchering" scheme highlights the transformative impact of blockchain analysis in law enforcement, and the increasing necessity of collaboration between law enforcement agencies, cryptocurrency exchanges and stablecoin issuers, says David Zaslowsky at Baker McKenzie.

  • The Pros, Cons Of A Single Commissioner Leading The CFTC

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    While a single-member U.S. Commodity Futures Trading Commission may require fewer resources and be more efficient, its internal decision-making process would be less transparent to those outside the agency, reflect less compromise between competing viewpoints and provide the public with less predictability, says former CFTC Commissioner Dan Berkovitz.

  • E-Discovery Quarterly: Rulings On Relevance Redactions

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    In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.

  • Opinion

    Section 1983 Has Promise After End Of Nationwide Injunctions

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    After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.

  • How Banks Can Harness New Customer ID Rule's Flexibility

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    Banking regulators' update to the customer identification process, allowing banks to collect some information from third parties rather than directly from customers, helps modernize anti-money laundering compliance and carries advantages for financial institutions that embrace the new approach, say attorneys at Bradley Arant.

  • Series

    Playing Soccer Makes Me A Better Lawyer

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    Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.

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