Troutman Sanders

JANUARY 23, 2024

On January 18, the Federal Trade Commission (FTC) issued an order postponing the effective date of the Combatting Auto Retail Scams (CARS) Rule while a legal challenge against the rule is pending. For more information, click here. According to the FTC, the CARS Rule will save consumers more than $3.4 For more information, click here.

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Financial services Credit Unions Credit Unions Financial Institution 52

Troutman Sanders

JANUARY 17, 2023

On January 12, the Bank for International Settlements issued a bulletin, addressing the recent high-profile failures of crypto firms that have reignited the debate on the appropriate policy response to address the risks in crypto. On January 12, the U.S. For more information, click here. For more information, click here.

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Financial services Student loans Student Loans Education 52

Troutman Sanders

JUNE 27, 2023

Throughout 2015 and 2016, a customer of Swedbank Latvia used Swedbank Latvia’s e-banking platform from an internet protocol address in Crimea to send payments to persons in Crimea through U.S. Swedbank Latvia agreed to remit $3,430,900 to settle its potential civil liability for 386 apparent violations of OFAC’s Crimea sanctions.

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