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FinTech Law Watch Blog

Articles: 1-10 of 395

The fed wants your input on a potential digital dollar

USA - January 26 2022 Last week the Federal Reserve Board (the “Fed”) issued a Discussion Paper entitled “Money and Payments: The U.S. Dollar in the Age of Digital…

Do consumers really need more financial protections? The UK government says yes!

United Kingdom - January 20 2022 In May 2021, the UK's Financial conduct authority (FCA) published a consultation paper proposing there would be a "new consumer duty". The central…

AML scrutiny in the UK: The trend towards culture of compliance

United Kingdom - January 18 2022 On 14 December 2021, National Westminster Bank Plc (“NatWest“), a major bank in the UK, was fined by the Financial Conduct Authority (“FCA“) close to…

Substance over form: The importance of substantive grounds in parallel district-court litigation and prior petition IPR denials in Opensky Indus., LLC v. VLSI Tech. LLC

USA - January 9 2022 On 23 December 2021, the Patent Trial and Appeal Board (“the Board”) instituted inter partes review (IPR) of U.S. Patent No. 7,725,759 B2 (“the ’759…

UK payments landscape review

United Kingdom - November 19 2021 In July 2020, HM Treasury published a “Payments Landscape Review: Call for Evidence” for a strategic review of the UK payments sector. Following…

Nebraska’s Play for a Piece of the Digital Asset Pie

USA - November 9 2021 On October 1st, Nebraska ingratiated itself to the digital asset industry when the Nebraska Financial Innovation Act (The Act) became effective. The…

The Future of Stable (Bank) Coins?: President’s Working Group on Financial Markets Urges Legislation Limiting Stablecoins to Insured Banks

USA - November 3 2021 On 1 November 2021, the President’s Working Group on Financial Markets (PWG), in conjunction with the Federal Deposit Insurance Corporation and the…

California Imposes Additional Requirements on Money Transmitters

USA - October 6 2021 Under a newly-enacted law, money transmitters licensed in California must comply with new customer service requirements starting on July 1, 2022…

Satoshi Goes to Washington : Senator Toomey Issues RFI to Inform Digital Asset Legislation

USA - August 27 2021 As we have noted in the past, federal regulation of the digital asset/cryptocurrency/DeFi community is evolving and there are many perspectives on…

Never Ending True Lender Uncertainty

USA - July 6 2021 On June 24, 2021, the U.S. House of Representatives passed a resolution to overturn the Office of the Comptroller of the Currency’s (“OCC”) “true…