News & Analysis as of

Online Platforms FinTech

BCLP

Turf Social: A Developing Regulatory Relationship

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On 10 June Nikhil Rathi, the FCA’s CEO, appeared before the Treasury Select Committee. The opening volley of questions was focused on the risks presented by illegal financial promotions on social media and, relatedly, the...more

Cadwalader, Wickersham & Taft LLP

Rules in Motion, May 2025 - IOSCO Publishes Final Reports on Finfluencers, Online Imitative Trading Practices and Digital...

On May 19, 2025, the International Organization of Securities Commissions (“IOSCO”) published its Final Reports on Finfluencers, Online Imitative Trading Practices and Digital Engagement Practices (the “Reports”), as part of...more

A&O Shearman

IOSCO statement on the role of platform providers and combatting online harm

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The International Organization of Securities Commissions (IOSCO) has issued a statement calling for platform providers to take stronger action against rising investment fraud, driven by increased retail investor activity on...more

Sheppard Mullin Richter & Hampton LLP

Regulators Ramp up Scrutiny of Games’ Business Models

On August 28, the CFPB issued a Consumer Advisory warning that it believes video game companies are targeting children for monetary gain. With 45.7 million U.S. children engaged in video gameplay, the agency is concerned...more

Morgan Lewis - Tech & Sourcing

Big Tech: UK Digital Markets, Competition and Consumers Bill Submitted to Parliament

The UK government introduced its Digital Markets, Competition and Consumers Bill to Parliament for approval on April 25, 2023. The bill establishes a “pro-competition framework” for digital markets, specifically targeting a...more

Skadden, Arps, Slate, Meagher & Flom LLP

Inside the Courts – An Update From Skadden Securities Litigators - March 2023

Circuits Split Over Whether Targeting Is Necessary for Seller Liability - Key Points - - While courts have long held that solicitations must be tailored to a particular audience to precipitate statutory seller liability,...more

BakerHostetler

Crypto and NFT Pilots Launch Across Industries; Paper Analyzes Bitcoin Use in El Salvador; Crypto Enforcement Continues in US; New...

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A major U.S. fintech firm recently announced the launch of a “crypto payouts” pilot that will allow a select group of creators to receive cryptocurrency payments through a major social media platform. According to a press...more

Orrick, Herrington & Sutcliffe LLP

Piattaforme on-line, Comparazione Finanziamenti E Riserva Di Legge. Consultazione Oam in Corso

L’OAM ha lanciato una consultazione relativamente al testo di una propria comunicazione (la “Comunicazione”) avente ad oggetto: “Chiarimenti in merito al funzionamento delle piattaforme on-line che offrono servizi di...more

Eversheds Sutherland (US) LLP

Focus on Fintech: Senate Debates Bill Aimed at Online Marketplaces and App Stores

In line with the CFPB’s and FTC’s recent scrutiny of big tech companies, Senator Amy Klobuchar (D-MN) introduced the American Innovation and Choice Online Act (AICO Act) on October 18, 2021. The bill is co-sponsored by Sen....more

Guidepost Solutions LLC

The Unique Advantages Fintechs Have When Expanding into Banking Operations – A Trend is Underway

In 2021, Square, Inc. (“Square”) announced that it had commenced banking operations under its independently governed subsidiary industrial bank, Square Financial Services (“Square Financial”). ...more

Foster Garvey PC

Online Travel Update: MCR Hotels trial runs attribute pricing; Travel Funders Network offers revenue guarantee; and Hopper raises...

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MCR Hotels Trial Runs Attribute Pricing - (“One of the US's largest hotel owners is charging guests $25 to use the swimming pool and $20 to check in early — but is cutting room prices in return,” August 18, 2021 via...more

Ballard Spahr LLP

FTC launches dedicated FinTech web page

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The FTC has launched a dedicated FinTech page on its website where it has assembled FinTech-related materials....more

A&O Shearman

US Securities and Exchange Commission Launches Strategic Hub for Innovation and Financial Technology

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The Securities and Exchange Commission has launched its Strategic Hub for Innovation and Financial Technology (FinHub), designed to engage investors and market participants on FinTech issues and initiatives....more

BCLP

The Right Tools in the Box — Tackling Competition and Consumer Issues in Online Platforms

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On 26 April 2018, the European Commission (the “Commission“) published a long awaited draft regulation on promoting fairness and transparency in online platforms, introducing some new rules for the operators of platforms...more

Orrick, Herrington & Sutcliffe LLP

Federal Court Sends Colorado's Case Against Online Lending Platform Back to State Court

Colorado's ongoing challenge to the bank partnership model of online lending will next play out, at least in part, in state court. Last year, the Administrator of Colorado's Uniform Consumer Credit Code filed suits in...more

Carlton Fields

Fintech Firm Shut Down and Fined by the FTC

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A financial technology firm and its CEO have agreed to pay $104 million to resolve the FTC’s allegation that they misled consumers into providing sensitive personal and financial information, which was later sold without...more

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