A group of 14 Republican AGs wrote a letter to the CEO of Webull Financial LLC, inquiring into whether Webull—which is both a U.S. and Chinese company—may have exposed customers’ personal information to the Chinese Communist Party (CCP) in violation of U.S. data privacy and consumer protection laws. In the letter, the AGs note that…

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New York AG Letitia James entered into an Assurance of Discontinuance with national bank Pathward, N.A., f/k/a MetaBank, to resolve an investigation into Pathward’s handling of customer accounts and settle claims that the bank violated New York’s consumer protection laws and Exempt Income Protection Act (EIPA), which prohibits banks from freezing consumer accounts containing protected…

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A coalition of 19 Democratic AGs, led by Massachusetts AG Andrea Joy Campbell and New York AG Leticia James, has moved to intervene in defense of the SEC’s climate disclosure rules (Final Rule) in a lawsuit filed by 25 Republican AGs in the US Court of Appeals for the Eighth Circuit. The Final Rule—which the SEC…

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The CFPB issued a report regarding the increase in financial transactions taking place online in video games and virtual reality platforms and the alleged concurrent lack of protections against financial scams or theft on such platforms.

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The CFPB has issued a new circular warning remittance transfer providers—including “digital wallets”—that deceptive advertising about the cost or speed of sending a remittance transfer can violate the Consumer Financial Protection Act, even if the provider is otherwise in compliance with the Remittance Rule under the Electronic Funds Transfer Act. The CFPB warns that, among…

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