Troutman Sanders

JANUARY 30, 2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week: Federal Activities State Activities Federal Activities: On January 29, Acting Comptroller of the Office of the Comptroller of Currency (OCC) Michael J.

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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.” CFPB Director Rohit Chopra indicated that a proposed rule would likely be issued in 2024. For more information, click here.

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Troutman Sanders

NOVEMBER 7, 2023

On November 1, the UK Financial Conduct Authority (FCA) finalized guidance on the communication and promotion of cryptoassets. Firms and individuals that comply with the guidance will be considered as having complied with the rule or requirement to which the guidance pertains. For more information, click here.

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