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BakerHostetler

Weekly Blockchain Blog - June 2025 #4

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US Bank Unveils ‘Deposit Token’; Exchange Launches Multiple Crypto Products - According to recent reports, the largest bank in the U.S. has unveiled plans to pilot a so-called “deposit token,” JPMD, on the Ethereum...more

Brownstein Hyatt Farber Schreck

CFPB in the Trump Administration Crosshairs

After weeks of former CFPB Director Rohit Chopra emptying the shelves with dozens of new regulations, proposals and enforcement activity, the financial services industry now faces whiplash as the Trump administration takes...more

Cozen O'Connor

FTC’s Lawsuit Against Seek Capital Alleges Consumers Would Be Wise to Seek Capital Elsewhere

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The FTC has filed a lawsuit against Seek Capital, LLC and its founder (collectively “Seek”) alleging deceptive practices in violation of multiple federal consumer protection laws. The FTC’s complaint alleges that Seek markets...more

Cozen O'Connor

The State AG Report – 5.16.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • CFPB Reports “Doom Loops” and Other Harmful Practices in...more

Troutman Pepper Locke

California Attorney General Sponsors Bill Banning Credit Reporting of Medical Debt

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On April 2, the California Senate Judicial Committee passed Senate Bill 1061. The bill seeks to prevent health care providers and contracted collection agencies from providing information about patients’ medical debt to...more

Cozen O'Connor

The State AG Report – 3.7.2024

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •Washington AG Adds to Nationwide Efforts to Prevent (A)I,...more

Cozen O'Connor

CFPB Tells Large Credit Card Issuers to Get in Line With TILA

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The CFPB issued a final rule to address late fees charged by “larger card issuers”—credit card issuers that together with their affiliates have one million or more open credit card accounts—to ensure compliance with the Truth...more

Cozen O'Connor

Credit Card Surcharging Regulatory Changes Create Both Risks and Opportunities for Businesses

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Credit card surcharging has increasingly gained the attention of consumers, businesses, and regulators over the past few years, and for good reason. As inflation continues to squeeze businesses and consumers alike, many...more

Orrick, Herrington & Sutcliffe LLP

FTC, Florida AG settle with “chargeback mitigation” company

On November 7, the FTC and the State of Florida settled with a chargeback company to prevent it from deceiving any consumers who seek to dispute credit card charges....more

Troutman Pepper Locke

California AG Submits Response to Federal Agencies’ Request for Information on Medical Payment Products

Troutman Pepper Locke on

As discussed here, on July 7th the Consumer Financial Protection Bureau (CFPB), U.S. Department of Health and Human Services, and the U.S. Department of Treasury (collectively, the agencies) jointly issued a Request for...more

Troutman Pepper Locke

New York AG Announces Settlement With Avis Budget Group

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On August 15, New York Attorney General (AG) Letitia James announced a settlement with Avis Budget Group Inc. (Avis Budget), for allegedly denying car rentals to customers who did not possess a credit card. Under the terms of...more

Cozen O'Connor

AG James Alleges Sporting Goods Retailer Whiffed on Defending Consumer Data

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New York AG Letitia James settled with Sports Warehouse, Inc. and affiliated entities to resolve allegations that the online sporting goods retailer maintained poor data security practices that led to the compromise of...more

Cozen O'Connor

The State AG Report – 4.20.2023

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •AG Lawsuit Challenges Endangered Status of Lesser...more

Cozen O'Connor

FTC Settles with Nexway to Resolve Allegations of Credit Card Laundering for Telemarketing Scammers

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Nexway, Inc. and affiliated entities and individuals (collectively, “Nexway”) agreed to a settlement to resolve allegations that the multinational payment processing company allegedly violated the FTC Act and the...more

Orrick, Herrington & Sutcliffe LLP

FTC, Florida AG sue “chargeback mitigation” company

On April 12, the FTC and the Florida attorney general filed a complaint in the U.S. District Court for the Middle District of Florida alleging a “chargeback mitigation” company and its owners (collectively, “defendants”) used...more

Cozen O'Connor

CFPB Proposes Updates to Credit Card Regulations that Limit Excessive Late Fees for Consumers

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The CFPB announced a proposed rule that would amend existing regulations regarding credit card late fees to better ensure that the Credit Card Accountability Responsibility and Disclosure Act of 2009’s (CARD Act) goal of...more

Sheppard Mullin Richter & Hampton LLP

Graduation Goods Settlement: A Good Reminder of AGs’ Data Security Priorities

The New York and Pennsylvania AGs settlement with Herff Jones from late last year provides guidance to businesses about expected security measures as we enter into 2023. The case arose after Herff Jones, producer and seller...more

Troutman Pepper Locke

Republican AGs Take Aim at Major Credit Card Providers Over New Gun Store Merchant Code

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Two dozen Republican attorneys general (AGs), led by Tennessee Attorney General Jonathan Skrmetti and Montana Attorney General Austin Knudsen, sent a letter to the CEOs of credit card giants Visa, American Express, and...more

Cozen O'Connor

AGs Issue Warning on Merchant Code for Gun Stores

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A group of 24 AGs led by Montana AG Austin Knudsen and Tennessee AG Jonathan Skrmetti sent a letter to the CEOs of three major credit card companies, American Express, MasterCard, and Visa, expressing their concerns about a...more

WilmerHale

$8 Million Multistate Settlement Resolves 2019 Data Breach Investigation

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State Attorneys General settle with Wawa, Inc. for 2019 data breach that compromised approximately 34 million payment cards used by consumers. On July 26, 2022, Acting New Jersey Attorney General Matthew J. Platkin...more

Wiley Rein LLP

Wiley Consumer Protection Download (December 13, 2021)

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Thank you for your interest in the Wiley Consumer Protection Download! This will be our last publication of 2021, with our bi-weekly newsletter returning in January 2022. Welcome to Wiley’s update on recent developments...more

Cozen O'Connor

The State AG Report - Volume 7, Issue 28

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Here are last week’s curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: - Google Play Store Targeted in Multistate...more

Goodwin

SEC Issues No-Action Relief On Registered Funds’ Custody Of Loan Interests

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In this Issue. The U.S. Securities and Exchange Commission (SEC) was very active this week, having (i) issued no-action relief allowing registered funds to engage in self-custody of interests in loans that are originated,...more

Goodwin

State AGs Announce $4.2 Million Settlement with National Bank for Alleged CARD Act Violations

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On February 8, state ​Attorneys General for North Carolina, Iowa, Massachusetts, New Jersey, and Pennsylvania (State AGs) announced a $4.2 million settlement ​with a national bank to resolve allegations that it overcharged...more

Sheppard Mullin Richter & Hampton LLP

Travel Giant Sabre Reaches Deal with State Attorneys General Over Data Breach

The travel giant Sabre Corp. has reached an agreement with multiple State Attorneys General to pay $2.4 million and make certain changes in its cybersecurity policies to settle a multi-state investigation into a 2017 data...more

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