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FinTech news in law category

CFPB says there's going to be a new BNPL regulation soon

These will likely become more acute as customers begin to use BNPL for routine expenses, the agency said β€” the CFPB found that BNPL customers are increasingly paying for purchases like groceries and gas, spurred by macroeconomic pressures including inflation.

LegalTech startup JusticeText raised seed round of $2.2M

The company, launched in 2019 by Devshi Mehrotra and Leslie Jones-Dove, stores, catalogs, analyzes and then shares video evidence, hoping to increase transparency around criminal matters such as police interactions and improve overall judicial outcomes for low-income criminal defendants. JusticeText automatically transcribes criminal evidence data, making it searchable by keywords, weapons, drugs and crimes, so attorneys can easily create videos to use in hearings or trials. Software company JusticeText today announced the closing of a $2.2 million seed round, with participation from Bloomberg Beta, True Ventures, Reid Hoffman, John Legend and Michael Tubbs. The company currently works with 50 public defender offices and has around 60 clients who are private criminal defense attorneys.