SEC Issues First Enforcement Action Targeting NFTs
CoinDesk Law 08/29/2023
U.S. regulators ordered a Los Angeles-based company that issued non-fungible tokens to compensate investors who bought the NFTs, arguing that the transactions were illegal unregistered securities offerings. It was the U.S. Securities and Exchange…
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CFPB Set to Limit Credit Card Late Fees
JDsupra Law 08/28/2023
On February 1, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a rule (the Proposal) to amend Regulation Z, which implements the Truth in Lending Act (the Act) to limit credit card late fees…
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The ISO standard for internal investigations is out. Here’s what to know
The FCPA Blog 08/28/2023
As a global standard, ISO TS 37008 reflects international best practices on internal investigations. It was designed to be used by any organization, large or small, in any country, as its guidelines adapt to the organization’s size, segment, organizational structure…
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Deep Dive Into Payments: Impacts of Money Transmission Laws
JDsupra 08/28/2023
The next item in McGlinchey’s Deep Dive into Payments Series is on money transmission by attorneys Jeff Barringer, Amy Greenwood-Field, and Aaron Kouhoupt. Their discussion centers around the impacts of money transmission laws on those in the payments…
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CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
Pymnts 08/28/2023
The settlement follows a court ruling that the companies had collected illegal advance fees for credit repair services via telemarketing in violation of federal law. If approved, the settlement would ban the companies from telemarketing credit repair services…
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