OCC is watching closely as a bank and fintech partner
On September 6, Acting Comptroller of the Currency Michael Hsu warned that fintech and big tech partnerships and their forays into payments and lending could lead...
Tagged: USA
OCC orders bank to improve oversight of fintech partnerships
Recently, a national bank disclosed an agreement reached with the OCC that requires the bank to improve oversight and governance of third-party fintech partnerships. According to...
Branding the Future: Advertising Law, the Metaverse, and NFTs – Part 1
In his 1992 sci-fi thriller Snow crash, writer Neal Stephenson allowed his characters to escape from a dystopian Los Angeles into a completely virtual realm he...
Nike v. StockX case highlights many unanswered questions about IP and NFTs
At a recent technology conference, Bill Gates claimed that the value of non-fungible tokens (“NFTs”) is “100% based on greater fool theory” – the idea that...
How blockchain-oriented AI can bring about a new definition of data management
Recent increases in data breaches and digital surveillance have underscored the need for better privacy and security, with the rise of safeguards over users’ personally identifiable...
Unique IP matters when celebrities and athletes are involved in NFT projects – Commentary
IntroductionNIL challengesCopyright ChallengesTrademark challengesComment Introduction Given the recent rise in popularity and profitability of non-fungible tokens (NFTs), celebrities have entered the market not only by buying...
Court filings reveal DOJ is investigating Fintech’s management of PPP loans
A federal lawsuit filed by a fintech company revealed that it has been under investigation by the Department of Justice (“DOJ”) regarding its Paycheck Protection Program...
Top Holders of Blockchain Patents
As we noted in our post last year on the state of blockchain patent litigation, thousands of blockchain-related patent applications are being filed with the US...
DOJ charges six people with NFT fraud
On June 30, the DOJ charged six people in four separate cases with a fraudulent NFT trading scheme. The first case alleged that an individual committed...
Service of process via NFT airdrop? So cool! But I have a question…
I have now seen two cases of courts authorizing service of legal process through the delivery – or “airdropping” – of non-fungible tokens (NFTs) to the...