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.
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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.
A former executive of a brokerage firm settled SEC charges for illicitly securing business deals with a Malaysian state-owned and controlled investment fund.
The Southern District of New York unsealed a complaint charging two individuals with violations of the Foreign Corrupt Practices Act and various other violations involving illegal payments to a Chinese energy company doing business in Chad and Uganda.
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.