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            • April 01, 2022

              DOJ Assistant AG Proposes Strategies to Combat Digital Market Monopolies

              DOJ Assistant Attorney General of the Antitrust Division Jonathan Kanter proposed strategies to combat anticompetitive practices in the digital economy.
              barry.nigro@friedfrank.com's picture
              Commentary by Bernard Nigro
            • March 29, 2022

              CFPB Director Recommends "Structural Penalties" for Corporate Recidivists

              CFPB Director Rohit Chopra asserted that large entities are often indifferent to financial penalties and simply treat them as a cost of doing business.
              ilan.graff@friedfrank.com's picture
              Commentary by Ilan T. Graff
            • January 11, 2022

              Hong Kong Company Settles Charges for Violating Iran Sanctions

              A Hong Kong-based offshore trading and cross-border financing company settled its potential civil liability for apparent violations of the Iranian Transactions and Sanctions Regulations.
            • January 06, 2022

              CFIUS Extends Time to Become "Excepted Foreign State" and "Excepted Real Estate Foreign State"

              The Committee on Foreign Investment in the United States extended by one year the effective date for one of the criteria under the definitions of "Excepted Foreign State" and "Excepted Real Estate Foreign State."
            • January 05, 2022

              NY Attorney General Recommends Safeguards against "Credential Stuffing" Cyberattacks

              The New York Attorney General recommended safeguards to defend against "credential stuffing" after an investigation found widespread cyberattacks impacting more than 1.1 million consumers.
            • December 20, 2021

              Federal Court Grants Injunction and Penalties in CFTC Cattle Fraud Scheme

              The U.S. District Court for the Eastern District of Washington approved a Consent Order in a CFTC action against a cattle supplier who allegedly made false representations to the Chicago Mercantile Exchange "concerning its cattle inventory, purchases, and sales" and violated exchange-set position limits.
            • December 17, 2021

              CFPB Orders Companies to Provide Information on "Buy Now, Pay Later" Credit

              The CFPB ordered five companies to provide information regarding their "buy now, pay later" credit programs. The CFPB expects to publish findings on the risks of these programs concerning accumulation of debt, regulatory arbitrage and data harvesting.
            • December 07, 2021

              CFPB Reopens Comment Period for Inquiry into Big Tech Payment Platforms

              The CFPB reopened the comment period for an inquiry into how Amazon, Apple, Facebook, Google, PayPal and Square use personal payments data and manage data access.
            • October 28, 2021

              CFPB Director Chopra Expresses Concerns with Big Tech

              In testimony before the House Financial Services Committee and the Senate Banking Committee, CFPB Director Rohit Chopra prioritized (i) stimulating competition in the consumer financial markets, (ii) action against repeat offenders of agency and court orders, and (iii) restoring relationship banking to protect consumers "in an era of big data."
            • October 22, 2021

              CFPB Asks Tech Companies for Information on Payment Platforms

              The CFPB issued a series of orders for the collection of information to Amazon, Apple, Facebook, Google, PayPal and Square regarding how they use personal payments data and manage data access.
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