A bank settled CFPB charges of violating the unfair acts and practices provisions of the Consumer Financial Protection Act.
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The FDIC and the Federal Reserve Board issued a joint letter to a digital asset custodian stating that the firm has been making "false and misleading" statements that customers who have opened accounts benefit from FDIC insurance.
The CFPB charged a credit-repair software and solutions company and its CEO with assisting credit-repair businesses in their collection of advance fees from consumers, in violation of the Telemarketing Sales Rule.
Federal Reserve Board Vice Chair for Supervision Randal Quarles described the vulnerabilities of nonbank financial intermediation, revealed by COVID-19 related shocks to the financial markets.
A District Court judge granted preliminary approval to an agreement that would allow a bank to settle a class-action lawsuit filed as a result of alleged retail sales misconduct.