sa¹ú¼Ê´«Ã½

Fintech

  • June 05, 2025

    Bernstein Litowitz Can Hire Ex-SEC Atty Over Musk Objection

    A New York federal judge on Thursday gave the all-clear for investor-side firm Bernstein Litowitz Berger & Grossmann LLP to hire the U.S. Securities and Exchange Commission's former litigation chief over the objections of Elon Musk.

  • June 05, 2025

    Cooley-Led Fintech Biz Weighs Switching Main Listing To US

    Payments company Wise PLC said on Thursday it is planning to move its main listing from London to the U.S., becoming the latest British company to shift its main funding focus across the Atlantic.

  • June 04, 2025

    Ex-CFTC Chair Warns Crypto Bill's Loopholes Still Too Wide

    Former leaders of the Commodity Futures Trading Commission on Wednesday told U.S. House lawmakers mulling a bill to regulate cryptocurrency markets that the legislation needs to close potential regulatory loopholes and that Congress must expand the agency's resources if they expect it to police the bulk of the digital asset space.

  • June 04, 2025

    Bowman Confirmed As Trump's Top Banking Regulator At Fed

    Senators on Wednesday confirmed Federal Reserve Gov. Michelle Bowman to become the central bank's next vice chair for supervision, elevating the former Kansas community banker to a powerful perch overseeing many of the biggest Wall Street financial institutions.

  • June 04, 2025

    SEC Gets $1.1M Win Against Alleged Ga. Crypto Scammer

    A Georgia man is on the hook for over $1.1 million in penalties after failing to defend himself from U.S. Securities and Exchange Commission allegations he ran an $800,000 affinity fraud scheme involving a purported cryptocurrency he said was backed by gold and stem cell technology. 

  • June 04, 2025

    Davis Polk, Skadden Guide Circle's Upsized $1B IPO

    Venture-backed stablecoin issuer Circle Internet Group Inc. on Wednesday priced an upsized $1.05 billion initial public offering above its marketed range amid strong demand, represented by Davis Polk & Wardwell LLP and underwriters counsel Skadden Arps Slate Meagher & Flom LLP.

  • June 04, 2025

    Lineage Bank Denies Duty In $85M Fintech Collapse Suit

    Tennessee-based Lineage Bank on Wednesday asked a Colorado federal judge to dismiss it from a proposed class action related to $85 million in funds that allegedly went missing after the failure of fintech-to-bank middleman company Synapse Financial, arguing the lawsuit doesn't allege Lineage owed a legal duty to the consumers.

  • June 04, 2025

    sa¹ú¼Ê´«Ã½ Resumes $4.2M Redress After Pressure From States

    California's Department of Financial Protection and Innovation said Wednesday that the Consumer Financial Protection Bureau is now making good on a $4.2 million redress plan for former students of a shuttered sales-training firm, following agency delays and subsequent pressure from various states.

  • June 04, 2025

    MoneyLion Says sa¹ú¼Ê´«Ã½ Can't Duck Fed Funding Issue

    Online lending platform MoneyLion has doubled down on its bid for dismissal of a lawsuit brought by the Consumer Financial Protection Bureau, telling a New York federal judge that new reasoning from the U.S. Supreme Court confirms the agency is improperly funded and that it is not improper to file successive dismissal motions as the sa¹ú¼Ê´«Ã½ has contended.

  • June 04, 2025

    Lawmakers Say Recent Rocket Mortgage Deals Need Scrutiny

    A group of lawmakers is calling on antitrust enforcers to scrutinize online mortgage giant Rocket's recent deals for real estate brokerage website Redfin and mortgage company Mr. Cooper over concerns that Rocket is trying to dominate the entire homebuying process.

  • June 04, 2025

    SEC Says Accountant Errors Don't Doom Crowdfunding Case

    The U.S. Securities and Exchange Commission told a Michigan federal judge Wednesday that mistakes in one of its accountant's declarations do not warrant the dismissal of its first crowdfunding enforcement action, arguing the SEC's lawyers acted in good faith when they alerted the court to the errors.

  • June 04, 2025

    Trump's CFTC Pick Set For Senate Confirmation Hearing

    President Donald Trump's nominee to lead the U.S. Commodity Futures Trading Commission has been scheduled to appear before the Senate agriculture committee for a confirmation hearing next Tuesday, advancing his nomination at a time when the agency is facing a leadership void.

  • June 03, 2025

    5th Circ. Weighs Constitutionality Of Banking In-House Courts

    A Fifth Circuit panel Tuesday heard a trio of cases contesting federal banking regulators' use of in-house proceedings to impose penalties, signaling interest in potential jurisdictional bars to such challenges but offering few clear clues about how it might rule.

  • June 03, 2025

    SEC Chair Says Next Steps On Crypto Regs Coming Soon

    U.S. Securities and Exchange Commission Chair Paul Atkins indicated Tuesday that the agency is working toward proposing regulations for the cryptocurrency industry and that a key aspect of the work being done by a recently established crypto task force could be complete within a matter of months.

  • June 03, 2025

    9th Circ. Gives Crypto Victims Chance At Greater Recovery

    A Ninth Circuit panel found that a California federal court can reopen the restitution phase of a criminal crypto extortion case post-sentencing after the victims said they lost out on millions of dollars in recovery due to a miscommunication among government offices.

  • June 03, 2025

    Wash. Judge Clears The Way For Redfin Merger Vote

    A Washington federal judge on Tuesday refused to stop Redfin shareholders from voting Wednesday on a $1.75 billion merger with Rocket Cos., finding that with new disclosures made by the company, investors have enough information to make an informed decision.

  • June 03, 2025

    Coinbase Says Ore. Enforcement Action Belongs In Fed Court

    Crypto exchange Coinbase told an Oregon federal judge that a securities enforcement suit from the state's attorney general belongs in federal court since the action amounts to an "attempt to invade the province of federal law" in the wake of federal regulators' pivot away from enforcement against digital asset firms.

  • June 03, 2025

    Wells Fargo Free To Grow After Fed Ends $2T Asset Cap

    The Federal Reserve announced Tuesday that it has lifted the $2 trillion asset cap it imposed on Wells Fargo & Co. as part of a 2018 enforcement action stemming from the so-called fake accounts scandal, finding the bank has met all conditions required by the regulator.

  • June 03, 2025

    The Law360 400: A Look At The Top 100 Firms

    A rebound in client work sent the nation’s largest law firms into growth mode last year, driving a wave of hiring, mergers and strategic moves that reshaped the top tier of the Law360 400. Here's a preview of the 100 firms with the largest U.S. attorney headcounts.

  • June 03, 2025

    Willkie Hires Asset Management Partner In DC

    Willkie Farr & Gallagher LLP has hired an asset management partner in Washington, D.C., who was once the law clerk of the former Commodity Futures Trading Commission chairman who now co-leads the firm's digital works practice.

  • June 02, 2025

    5th Circ. Will Mull In-House Banking Cases In Jarkesy's Wake

    A Fifth Circuit panel is set to scrutinize in-house proceedings at the Federal Deposit Insurance Corp. and other banking agencies on Tuesday in a trio of appeals with the potential to upend the regulators' primary mode of enforcement.

  • June 02, 2025

    Rocket Cos. Board Beats Investor's $500M Insider Trading Suit

    Delaware's Court of Chancery on Monday dismissed a derivative shareholder suit accusing Rocket Companies Inc.'s board, chairman and controlling stockholder of breaching their fiduciary duties by liquidating $500 million worth of stock allegedly based on material nonpublic information, saying the plaintiffs have failed to show a motive.

  • June 02, 2025

    Milei-Promoted Crypto Token Buyers Get $57.6M Freeze

    A New York federal judge has ordered the freeze of more than $57 million in proceeds from the crypto project Libra, as a proposed class presses claims that the alleged operators misled them into buying up the token with the help of an endorsement from Argentine President Javier Milei just before it tanked.

  • June 02, 2025

    Fintech Co. Ingo Money Inks $1.5M Deal To End Data Breach Suit

    Financial technology deposit underwriter Ingo Money Inc. has agreed to pay more than $1.5 million to end claims that the company kept quiet for seven months about a data breach in which hackers stole the personal information of tens of thousands of customers, according to a court filing Monday.

  • June 02, 2025

    Nevada Resorts Can Intervene In Kalshi Sports Betting Suit

    A Nevada federal judge Monday allowed a trade group representing the state's gaming and resort industries to intervene in KalshiEx LLC's ongoing dispute with state regulators over demands the trading platform remove its sports and events contracts.

Expert Analysis

  • 4 Actions For Cos. As SEC Rebrands Cyber Enforcement Units

    Author Photo

    As the U.S. Securities and Exchange Commission signals its changing enforcement priorities by retooling a Biden-era crypto-asset and cybersecurity enforcement unit into a task force against artificial-intelligence-powered hacks and online investing fraud, financial institutions and technology companies should adapt by considering four key points, say attorneys at Troutman.

  • 4 Key Payments Trends For White Collar Attys

    Author Photo

    As the payments landscape continues to innovate and the new administration looks to expand the role of digital currency in the American economy, white collar practitioners should be aware of several key issues in this space, say attorneys at Jenner & Block.

  • Series

    Performing Stand-Up Comedy Makes Me A Better Lawyer

    Author Photo

    Whether I’m delivering a punchline on stage or a closing argument in court, balancing stand-up comedy performances and my legal career has demonstrated that the keys to success in both endeavors include reading the room, landing the right timing and making an impact, says attorney Rebecca Palmer.

  • How 2025 Is Shaping The Future Of Bank Mergers So Far

    Author Photo

    Whether the long-anticipated great wave of consolidation in the U.S. banking industry will finally arrive in 2025 remains to be seen, but the conditions for bank mergers are more favorable now than they have been in years, say attorneys at Skadden.

  • Series

    Adapting To Private Practice: From SEC To BigLaw

    Author Photo

    As I adjusted to the multifaceted workflow of a BigLaw firm after leaving the U.S. Securities and Exchange Commission, working side by side with new colleagues on complex matters proved the fastest way to build a deep rapport and demonstrate my value, says Jennifer Lee at Jenner & Block.

  • What's Old And New In The CFTC's Self-Reporting Advisory

    Author Photo

    Attorneys at Blank Rome analyze the U.S. Commodity Futures Trading Commission's recent advisory that aims to provide clarity on self-reporting violations of the Commodity Exchange Act, and review whether market participants should shift their thinking — or not — when it comes to cooperation with the CFTC.

  • How Trump's Crypto Embrace Is Spurring Enforcement Reset

    Author Photo

    The U.S. Securities and Exchange Commission's recent willingness to step away from ongoing enforcement investigations and actions underscores the changing regulatory landscape for crypto under the new administration, which now appears committed to working with stakeholders to develop a clearer regulatory framework, say attorneys at Sheppard Mullin.

  • Making The Case For Rest In The Legal Profession

    Author Photo

    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • During Financial Regulatory Uncertainty, Slow Down And Wait

    Author Photo

    Amid the upheaval at the Consumer Financial Protection Bureau and the slowdown in activity at the prudential agencies, banks must exercise patience before adopting strategic and tactical plans, as well as closely monitor legal and regulatory developments concerning all the federal financial regulators, say attorneys at Dorsey.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

    Author Photo

    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • Deficiency Trends In National Futures Association Exams

    Author Photo

    A recent notice from the National Futures Association outlining the most common deficiencies uncovered during exams gives member firms an opportunity to review prior guidance, particularly regarding the hot topic of implementing procedures governing the use of outsourced service providers, say attorneys at Akin.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

    Author Photo

    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Considerations As Trump Admin Continues To Curtail sa¹ú¼Ê´«Ã½

    Author Photo

    Recent sweeping moves from the Consumer Financial Protection Bureau's new leadership have signaled a major shift in the agency's trajectory, and regulated entities should prepare for broader implications in both the near and long term, say attorneys at Pryor Cashman.

  • 6th Circ. Ruling Paves Path Out Of Loper Bright 'Twilight Zone'

    Author Photo

    The U.S. Supreme Court’s Loper Bright ruling created a twilight zone between express statutory delegations that trigger agency deference and implicit ones that do not, but the Sixth Circuit’s recent ruling in Moctezuma-Reyes v. Garland crafted a two-part test for resolving cases within this gray area, say attorneys at Wiley.

  • Cos. Should Prepare For Mexican Payments Surveillance Tool

    Author Photo

    The recent designation of six Mexican cartels as "specially designated global terrorists" will allow the Treasury Department to scrutinize nearly any Mexico-related payment through its Terrorist Finance Tracking Program — a rigorous evaluation for which even sophisticated sanctions compliance programs are not prepared, says Jeremy Paner at Hughes Hubbard.

Want to publish in Law360?


Submit an idea

Have a news tip?


Contact us here
Can't find the article you're looking for? Click here to search the Fintech archive.