
Author Archives
J.D. is an attorney.
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Common Threads Present in the BlockFi, PoolTogether and LendUp Fintech Cases Provide Guidance for Companies and Regulators
On February 14, the SEC announced a settlement with BlockFi Lending LLC (BlockFi), a crypto service provider, further showing the increased legal scrutiny in this area in terms of regulatory action, joining the Consumer Financial Protection Bureau (CFPB)’s settlement with… Read More ›
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New York Bight Offshore Wind Development Procedures: BOEM Final Sale Notice v. Save Long Beach Island Matter
As it prepares for the New York Bight area offshore wind auction to be held on February 23, the Department of Interior’s Bureau of Ocean Energy Management (BOEM) issued a Final Sale Notice that outlines the procedures involved. The auction… Read More ›
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Federal Cryptocurrency Case Challenges PoolTogether Inc.’s “No-Loss Lottery”
A case filed on November 30, 2021 in Federal Court in the Eastern District of New York, is making the assertion that the cryptocurrency based “no-loss lottery” of Pool Together, Inc. (PoolTogether) is unlawful. The case is one of the… Read More ›
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Concluded Legal Action against LendUp Loans, LLC, Provides Guidance for Other Lending Startups
Relevant to NYC’s lending startups, on December 21, the Consumer Financial Protection Bureau (CFPB) announced an agreement with LendUp Loans, LLC (LendUp) under which the company would cease making any new loans and collecting on certain outstanding loans among other… Read More ›