Troutman Sanders

DECEMBER 19, 2023

Under this order, the company will cease operations and pay a $95,000 penalty to the CFPB’s victims relief fund. According to the statement issued by SEC Commissioner Gary Gensler, “the existing securities regime appropriately governs crypto asset securities.” For more information, click here. For more information, click here and here.

Financial services 52

Financial services Banks Debt collector Government 52

Troutman Sanders

AUGUST 14, 2023

Analisa Torres ruled that three out of four categories of XRP token sales did not constitute an investment contract. Government Accountability Office (GAO) updated its priority open recommendations to the OCC, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve. dollar deposits, short-term U.S.

Financial services 52

Financial services Foreclosure Banks Loans 52

Troutman Sanders

JANUARY 23, 2024

On January 19, the Federal Court of Appeals for the Third Circuit ordered the bankruptcy court adjudicating the bankruptcy of FTX to appoint an examiner to investigate the collapse of the digital asset exchange. The debt relief is broken down into the following categories: $1.7 For more information, click here.

Financial services 52

Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

JANUARY 23, 2023

s (Nexo) assent to pay a $45 million fine to remedy its offering of an interest-bearing cryptocurrency deposit product called the “Nexo Earn Interest Product” (EIP), which the SEC alleged constituted the offering and selling of unregistered securities in violation of federal securities law. For more information about DAOs, click here.

Financial services 52

Financial services Financial Institution Government Banks 52

Troutman Sanders

MAY 2, 2023

The bill additionally leaves room for assets that don’t fit neatly into either category. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss its FY 2024 budget request and the agency’s ongoing work. Government Money Market Fund.” On April 27, the U.S.

Financial services 52

Financial services Trade Consumer Credit Government 52

Troutman Sanders

OCTOBER 26, 2020

Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. For more information, click here. For more information, click here.

Financial services 52

Financial services Financial Institution Foreclosure Banks 52

Collection Industry News

AUGUST 9, 2021

The Biden administration resisted that pressure, pointing to the intense scrutiny to which the Previous Moratorium was subject in federal courts across the country, as we detailed in our March 4 , March 15 , May 6 , and July 1 client alerts. 1:20-cv-03377, United States District Court of the District of Columbia).

Foreclosure 40

Foreclosure Government Judgment Lender 40