category national-securities-regulation Financial services Related Topics 
Troutman Sanders
MARCH 11, 2024
The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.
Troutman Sanders
DECEMBER 19, 2023
On December 15, the Securities and Exchange Commission (SEC) denied Coinbase’s Petition for Rulemaking, which was submitted to the SEC on July 20, 2022, as “currently unwarranted.” Coinbase’s petition requested the SEC to propose and adopt rules to, among other things, “identify which digital assets are securities.” On December 7, U.S.
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Troutman Sanders
AUGUST 14, 2023
On August 9, President Biden signed the Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern, which authorizes the Secretary of the Treasury to regulate certain U.S. For more information, click here. Ripple Labs , et al. , 20-cv-10832 (S.D.N.Y.),
Troutman Sanders
SEPTEMBER 25, 2023
The proposed rulemaking could redefine “data brokers” and “data aggregators,” and extend FCRA regulation to businesses that do not currently meet the FCRA’s definition of “consumer reporting agency.” On September 20, the Senate Banking, Housing, and Urban Affairs Committee held a hearing on artificial intelligence (AI) in financial services.
Troutman Sanders
DECEMBER 5, 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. Rules currently in place permit NYDFS to charge other non-crypto financial institutions for these expenses.
Troutman Sanders
JANUARY 23, 2023
Companies risk violating the law if they do not clearly and conspicuously disclose the terms of their subscription services and obtain consumers’ informed consent or if they make it unreasonably difficult for consumers to cancel. For more information, click here. Critically, under the consent order, Nexo must “cease the EIP to all U.S.
Troutman Sanders
AUGUST 7, 2023
The brothers allegedly sold unregistered securities they called “node licenses,” which they told investors would generate crypto assets through mining activity, and that revenue-generating businesses would drive up the value of the various tokens DEBT Box mined. dba DEBT Box. For more information, click here. On August 2, the U.S.
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