WebNov 11, 2024 · The Consumer Financial Protection Bureau has received a cascade of complaints about crypto. Romance scams, theft, fraud, account hacks — you name it. … WebDec 5, 2024 · The CFPB recently denied the petition of Nexo Financial LLC to modify the CFPB’s Civil Investigative Demand (CID) issued to Nexo, rejecting Nexo’s claim that the CFPB does not have jurisdiction to investigate crypto-lending products offered by Nexo such as its “Earn Interest Product.”
Crypto Order Pushes Biden’s Consumer Watchdogs to More …
WebJan 26, 2024 · Allyson Versprille. A vocal skeptic of cryptocurrencies is joining the Consumer Financial Protection Bureau, a sign the agency may be pushing to ratchet up … WebNov 17, 2024 · The collapse of the Bahamas-based crypto-asset firm FTX.com has created serious turmoil in the crypto-asset markets. We are witnessing the significant interconnections in crypto-asset markets, and how contagion tends to spread quickly throughout crypto markets. ... The CFPB issued guidance making clear that firms … lithium battery safety sheet
What To Expect From CFPB
WebNov 21, 2024 · November 21, 2024. On November 10, 2024, the Consumer Financial Protection Bureau issued a bulletin analyzing consumer complaints submitted to the CFPB over the past four years related to crypto-assets and platforms. According to the CFPB, fraud, scams and transaction issues accounted for almost two-thirds of those complaints. WebNov 21, 2024 · The CFPB’s bulletin highlights the need for crypto companies to have in place robust fraud identification and prevention controls, and provide customers with … WebMay 17, 2024 · – The Consumer Financial Protection Bureau (CFPB) released an enforcement memorandum today that addresses prohibited practices on claims about Federal Deposit Insurance Corporation (FDIC) insurance. Specifically, firms cannot misuse the name or logo of the FDIC or make deceptive representations about deposit insurance. improving self esteem worksheets for adults