/fintech?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Fintech Copyright 2025 ÃÛÌÒÊÓƵ. en-US Sat, 17 May 2025 00:11:36 +0000 /fintech/articles/2338801?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2338801 A D.C. Circuit panel majority Friday sounded inclined to lift lower court restrictions on what the Trump administration contends is its lawful push to "radically downsize" the Consumer Financial Protection Bureau, potentially clearing the way for mass layoffs of its staff. Fri, 16 May 2025 22:30:11 +0000 /fintech/articles/2341526?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341526 The Financial Industry Regulatory Authority has received a range of feedback on its proposal to streamline reporting requirements for firm representatives' outside business activities, with industry groups urging various tweaks to the measure, and a state regulator and investment adviser group opposing it outright. Fri, 16 May 2025 22:11:34 +0000 /fintech/articles/2341369?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341369 Initial public offerings are showing life again after a tariff-induced slumber, buoyed by strong debuts and a growing pipeline as more venture-backed technology startups are lining up public listings before Memorial Day and into June. Fri, 16 May 2025 21:48:53 +0000 /fintech/articles/2341528?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341528 The U.S. Commodity Futures Trading Commission's Christy Goldsmith Romero announced Friday that she will be stepping down as commissioner at the end of the month, potentially leaving the agency struggling to move forward with only two members as it awaits congressional action on President Donald Trump's nominee for chair. Fri, 16 May 2025 21:44:14 +0000 /fintech/articles/2341548?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341548 An Alabama man was sentenced in D.C. federal court Friday to 14 months behind bars for his role in last year's hack of the U.S. Securities and Exchange Commission's account on the social platform X to post a bogus development in the agency's cryptocurrency policy. Fri, 16 May 2025 21:39:07 +0000 /fintech/articles/2341494?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341494 Crypto exchange Coinbase faces a wave of lawsuits from users accusing it of negligent information security practices after the exchange disclosed that an unknown perpetrator had stolen customer data by bribing overseas workers. Fri, 16 May 2025 19:59:43 +0000 /fintech/articles/2341337?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341337 The Federal Circuit revived Fintiv Inc.'s infringement suit against Apple Inc. over contactless payments Friday, saying the Texas federal judge who freed Apple viewed what evidence is acceptable too narrowly. Fri, 16 May 2025 18:50:20 +0000 /fintech/articles/2340804?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340804 Cryptocurrency exchange Coinbase has been sued in Illinois federal court by users who claim its identity verification process flouts Illinois' biometric privacy law, alleging it fails to get written, informed consent before collecting, analyzing and storing biometric data from users' government IDs and photographs. Fri, 16 May 2025 14:13:20 +0000 /fintech/articles/2341409?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341409 In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi. Fri, 16 May 2025 11:22:21 +0000 /fintech/articles/2339525?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2339525 A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies. Fri, 16 May 2025 11:10:11 +0000 /fintech/articles/2334962?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2334962 Though the Consumer Financial Protection Bureau has significantly scaled back enforcement under the new administration, states remain able to pursue Consumer Financial Protection Act violators and the ÃÛÌÒÊÓƵ seems set to enhance its focus on predatory loans to military members and fraudulent debt collection and credit reporting practices, say attorneys at MoFo. Thu, 15 May 2025 23:07:10 +0000 /fintech/articles/2341011?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2341011 The Consumer Financial Protection Bureau on Thursday slashed an enforcement fine for Wise, a global money transfer fintech, by nearly 98%, shaving almost $2 million off a previous settlement for misleading customers about its fees and other costs. Thu, 15 May 2025 22:56:03 +0000 /fintech/articles/2340915?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340915 Crypto exchange Coinbase said Thursday that it's cooperating with a U.S. Securities and Exchange Commission investigation over concerns about how it reported its user metrics in past disclosures, addressing the matter hours after it separately disclosed that it had been extorted over stolen user data. Thu, 15 May 2025 22:45:43 +0000 /fintech/articles/2340597?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340597 A D.C. Circuit panel expressed skepticism on Thursday of stock exchanges' arguments that the U.S. Securities and Exchange Commission exceeded its authority when it approved across-the-board caps on exchange fees tied to new rules aimed at reducing trading costs. Thu, 15 May 2025 22:33:15 +0000 /fintech/articles/2340882?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340882 A California federal judge indicated Thursday she'll likely toss a $1 billion antitrust case against Coinbase claiming the cryptocurrency exchange delisted BiT Global after launching a competing "wrapped" bitcoin product for trading on decentralized exchanges, saying the suit didn't plausibly allege that Coinbase gave false justifications for dropping the rival. Thu, 15 May 2025 20:34:39 +0000 /fintech/articles/2340780?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340780 A California federal judge Wednesday rejected a group of consumers' last-minute bid to delay Capital One Financial Corp.'s impending purchase of Discover Financial Services, unpersuaded that the deal poses serious enough potential antitrust concerns to support a preliminary injunction. Thu, 15 May 2025 20:02:18 +0000 /fintech/articles/2340936?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340936 U.S. Securities and Exchange Commission and Financial Industry Regulatory Authority staff on Thursday withdrew a joint statement from President Donald Trump's first term warning that existing consumer protection safeguards may not be effective or available for digital asset securities. Thu, 15 May 2025 18:37:19 +0000 /fintech/articles/2340923?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340923 The U.S. Securities and Exchange Commission is focused on "rooting out" the misuse of artificial intelligence by brokerage firms and publicly traded companies, a California audience heard Thursday as agency attorneys tried to combat the perception that the SEC's enforcement arm has gone silent. Thu, 15 May 2025 17:43:35 +0000 /fintech/articles/2340837?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340837 Failed cryptocurrency lender Genesis Global has asked a New York bankruptcy judge to throw out investment bank Jefferies' request for an order forcing the wind-down debtor to take back money it paid Jefferies and instead reimburse it in bitcoin, arguing it's too late for the bank to amend a claim that was filed "solely in dollars." Thu, 15 May 2025 17:03:23 +0000 /fintech/articles/2340932?utm_source=rss&utm_medium=rss&utm_campaign=section /fintech/articles/2340932 The New York federal judge who oversees the U.S. Securities and Exchange Commission's enforcement case against blockchain firm Ripple Labs declined Thursday to bless a deal that would truncate the penalties and injunctions she levied in her judgment, saying the request was made in a "procedurally improper" way.