https://www.law360.com/fintech?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Fintech Copyright 2026 Portfolio Media, Inc. en-US Tue, 26 May 2026 21:38:14 +0000 https://www.law360.com/fintech/articles/2481844?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481844 New York borrowers have urged the U.S. Supreme Court to again revive their claims for millions in mortgage escrow interest from Bank of America, arguing the Second Circuit's recent decision to free the bank for a second time still gets federal banking preemption wrong. Tue, 26 May 2026 20:59:25 +0000 https://www.law360.com/fintech/articles/2481936?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481936 The Mohegan Tribe of Indians of Connecticut and the Mashantucket Pequot Tribal Nation on Tuesday moved to intervene in the Commodity Futures Trading Commission's suit over Connecticut regulators' attempts to shut down certain prediction markets. Tue, 26 May 2026 20:53:24 +0000 https://www.law360.com/fintech/articles/2481352?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481352 Quinn Emanuel has filed suit in Washington, D.C., against former Binance CEO Changpeng Zhao, who was pardoned by President Donald Trump last fall, asking the court to enforce an arbitral award of nearly $1.5 million in unpaid attorney fees and other costs. Tue, 26 May 2026 19:33:58 +0000 https://www.law360.com/fintech/articles/2481607?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481607 Fintech platform MoneyLion is looking to escape proposed class claims that it has violated Washington state laws with its customer referral program, arguing the allegations fail to show that the company helped users send referral messages to nonconsenting third parties. Tue, 26 May 2026 18:01:25 +0000 https://www.law360.com/fintech/articles/2481602?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481602 The co-founder of a cryptocurrency data company accused by his former partner of a $58 million scheme to divert tokens offshore said the suit should be dismissed because it "impermissibly conflates" him with other business entities to bring additional contract claims. Tue, 26 May 2026 17:39:10 +0000 https://www.law360.com/fintech/articles/2480891?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480891 The same artificial intelligence-driven workforce narratives that once appeared in earnings calls and Form 8-Ks can easily become raw material for future operational AI washing claims, so companies must be careful when drafting public disclosures because winning a federal motion to dismiss starts months before a lawsuit is ever filed, say attorneys at Akerman. Tue, 26 May 2026 17:21:56 +0000 https://www.law360.com/fintech/articles/2481826?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481826 Fenwick & West LLP will pay $54 million to resolve claims from spurned FTX Trading Ltd. investors, according to a new set of settlements that will also end investors' disputes with the collapsed cryptocurrency exchange's former auditor and a former NBA star who promoted the platform. Tue, 26 May 2026 16:34:42 +0000 https://www.law360.com/fintech/articles/2478506?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2478506 Stablecoin issuers should prepare for bank-style anti-money laundering and sanctions obligations under, and consider submitting comments on, the Treasury Department's proposed Genius Act rules, which are reshaping compliance expectations for digital asset businesses and affiliated financial institutions alike, say attorneys at Arnold & Porter. Tue, 26 May 2026 11:13:29 +0000 https://www.law360.com/fintech/articles/2479716?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2479716 As the government expands AI-driven, cross-agency fraud detection, foreign asset disclosure should be viewed as part of a broader, data‑driven enforcement ecosystem that prioritizes consistency, documentation and proactive governance, says Logan Koehring at FBT Gibbons. Mon, 25 May 2026 20:01:25 +0000 https://www.law360.com/fintech/articles/2470226?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2470226 This past year, 10 lawyers across the country at plaintiffs' firms big and small helped secure millions of dollars in settlements and verdicts for their clients, going up against powerful defendants like Google, Monsanto and the Trump administration, earning the attorneys recognition as Law360's Titans of the Plaintiffs Bar for 2026. Fri, 22 May 2026 23:37:29 +0000 https://www.law360.com/fintech/articles/2481298?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481298 Washington and Nevada regulators' lawsuits accusing prediction markets Kalshi and Polymarket of violating state gambling laws can proceed in their respective state courts, a Ninth Circuit panel ruled Thursday, denying the companies' arguments that the actions raise federal questions and thus belong in federal court. Fri, 22 May 2026 22:57:32 +0000 https://www.law360.com/fintech/articles/2481344?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481344 Banking trade groups are urging a Chicago federal judge to follow a U.S. regulator's lead and confirm that Illinois' forthcoming restrictions on swipe fees are broadly preempted, pressing to capitalize on new federal rules that the state's attorney general says are "too little, too late." Fri, 22 May 2026 22:37:56 +0000 https://www.law360.com/fintech/articles/2481354?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481354 A California federal judge has significantly narrowed a proposed class action accusing the operator of cryptocurrency exchange Crypto.com of allowing third parties to track the browsing activities of website visitors who rejected the use of cookies, cutting all the plaintiffs' allegations except for a single claim under the pen register provision of the California Invasion of Privacy Act. Fri, 22 May 2026 21:39:53 +0000 https://www.law360.com/fintech/articles/2481395?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481395 The Federal Deposit Insurance Corp. on Friday issued a proposed rule to codify that stablecoin issuers under its supervision must comply with anti-money laundering, Bank Secrecy Act and sanctions requirements and to bolster the FDIC's coordination with the Treasury Department's illicit finance regulators. Fri, 22 May 2026 21:00:08 +0000 https://www.law360.com/fintech/articles/2480926?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480926 Kentucky banks have indicated they will drop their lawsuit over the Consumer Financial Protection Bureau's small-business loan data rule after the agency, now under the Trump administration, significantly scaled back the Biden-era reporting mandate. Fri, 22 May 2026 20:11:34 +0000 https://www.law360.com/fintech/articles/2481205?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2481205 The House Committee on Oversight and Government Reform opened an investigation into potential insider trading on Kalshi and Polymarket on Friday with letters asking the prediction market platforms to hand over compliance information and documents related to headline-grabbing trades. Fri, 22 May 2026 18:31:16 +0000 https://www.law360.com/fintech/articles/2480937?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480937 A California state judge has freed Opportunity Financial from a California state regulator's pursuit of at least $100 million in fines for alleged predatory lending, sealing the fintech firm's victory over long-running "rent-a-bank" claims that threatened its business model in the state.  Fri, 22 May 2026 18:12:41 +0000 https://www.law360.com/fintech/articles/2480797?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480797 Rhode Island has come into the legal fray over sports event contracts, as regulators in the Ocean State trade lawsuits with prediction market platforms over whether those offerings violate the state's sports betting laws. Fri, 22 May 2026 17:50:04 +0000 https://www.law360.com/fintech/articles/2480736?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480736 A pair of Senate Democrats cautioned financial regulators about greenlighting fintech lender Enova International's application to become a national bank holding company, calling it a "predatory lender." Fri, 22 May 2026 16:50:59 +0000 https://www.law360.com/fintech/articles/2480692?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/fintech/articles/2480692 Crypto services firm Blockchain.com is preparing to hit the public markets after announcing that it has confidentially filed initial public offering plans with the U.S. Securities and Exchange Commission.