Richard B. Levin, the Chair of Taft’s FinTech Practice, was recently quoted in a Reuters article titled “Crypto giant Kraken’s Fed payment account sparks concerns about risk.” The article recognizes Kraken’s approval as a milestone that could reshape the financial system and discusses whether crypto
Payments and Privacy – What Issues Should Payment Service Providers Be Paying Attention To?
In the payments world, commentators note Illinois’ recent Interchange Fee Prohibition Act, which prohibits charging interchange fees on the tax or tip portions of processed transactions.
Key portions of the law take effect July 1.
By its terms, the Interchange Fee Prohibition Act also
AI in the Crosshairs: New Guidance From FINRA and Treasury
The Financial Industry Regulatory Authority (“FINRA”) and the U.S. Department of the Treasury (“Treasury”) (as part of a public-private partnership) have recently issued guidance regarding the use of AI by the financial services industry. This alert summarizes certain AI-related updates from the 2026 FINRA Annual
Meisner Mentioned in BIGcast Podcast on Financial Regulation
Nicole Meisner, chair of Taft’s PayTech and Payment Systems practice group, was mentioned in a recent BIGcast episode, “The State(s) of Financial Regulation.” In the episode, which aired March 24, 2026, Glen Sarvady speaks with Ncontracts’ Stephanie Lyon about the evolving regulatory and compliance landscape
Levin to Speak on Crypto Market Structure at STANY 90th Annual Conference
Richard B. Levin, the Chair of Taft’s FinTech Practice, will be speaking on a panel at the securities Traders Association of New York (STANY) 90th Annual Conference on April 13, 2026, at the NYSE. The all-day conference will feature panels on market structure, crypto, and