enforcement information-industry-whistleblowers 
Troutman Sanders
MARCH 13, 2023
On February 22, New York Attorney General Letitia James filed an enforcement action against digital asset exchange, CoinEx, for failing to register as a securities and commodities broker-dealer and for falsely representing itself as a crypto exchange without appropriate registration in violation of New York law.
Troutman Sanders
APRIL 26, 2022
This is a radical departure from well-established rules and regulations protecting confidential supervisory information (CSI). As the Bureau’s press release notes, this authority to subject individual market participants to supervision is not specific to any particular part of the consumer finance industry, or any particular product.
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Troutman Sanders
OCTOBER 11, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures.
Collection Industry News
NOVEMBER 22, 2023
While the CFPB has enforcement authority over these companies, the CFPB has not previously had, inside many of these firms, examiners carefully scrutinizing their activities to ensure they are following the law and monitoring their executives. For more information, visit www.consumerfinance.gov.
Consumer Financial Services Law
FEBRUARY 28, 2018
Somers, the United States Supreme Court unanimously decided that employees who raise internal complaints about possible violation of securities laws are not protected as whistleblowers under the Dodd-Frank Act. The Dodd-Frank Act was enacted in 2010 in an effort to protect consumers from abusive practices by financial service providers.
Troutman Sanders
NOVEMBER 1, 2021
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). For more information, click here. For more information, click here. For more information, click here. State Activities. Privacy and Cybersecurity Activities.
Troutman Sanders
AUGUST 22, 2022
To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week: Federal Activities. For more information, click here. For more information, click here. For more information, click here.
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