Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
OCTOBER 31, 2022
Federal Activities: On October 21, the Federal Trade Commission (FTC) issued “Protecting Older Consumers, 2021-2022, A Report of the Federal Trade Commission” to Congress on protecting older adults. Notably, Chairman Gruenberg believes stablecoins should be (1) issued through a bank subsidiary; (2) backed in a 1:1 ratio by short-dated U.S.
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