FTC Chairman Andrew Ferguson sent warning letters to four major payment companies, warning that cutting off or deplatforming customers could violate Section 5 of the FTC Act.

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Colorado AG Phil Weiser reached a settlement with MV Realty PBC, LLC and affiliates (collectively, “MV Realty”) for allegedly violating the Colorado Consumer Protection Act by marketing predatory listing agreements. In the complaint, the AG’s office alleged that MV Realty targeted financially vulnerable homeowners—including seniors—with its “Homeowner Benefit Program,” offering small cash payments in exchange…

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A bipartisan coalition of 23 AGs and several state banking regulators submitted a comment letter urging the OCC to withdraw two proposals addressing mortgage escrow accounts—an escrow rule and a related preemption determination that would preempt certain state laws requiring national banks to pay minimum interest on mortgage escrow accounts. In the letter, the states…

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Massachusetts AG Andrea Joy Campbell filed a lawsuit against Bitcoin Depot Operating LLC and its parent, Bitcoin Depot, Inc., alleging the company violated the Massachusetts Consumer Protection Law and related regulations by using deceptive pricing practices at its cryptocurrency kiosks and by failing to take meaningful steps to prevent scam transactions.

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Capital One reached a $425 million class action settlement with its 360 Savings customers, resolving claims that the bank misled customers and deprived them of higher interest payments over several years. A bipartisan coalition of AGs opposed an earlier proposed settlement for significantly less money, arguing that it would have shortchanged 360 Savings customers. The…

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