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Republican Attorneys General Urge SEC to Refrain from Requiring Additional Climate Change Disclosures

A group of 16 Republican AGs, led by West Virginia AG Patrick Morrisey, sent a comment letter to the U.S. Securities and Exchange Commission (“SEC”) in response to the SEC’s call for input from the public about updating its rules governing climate change disclosures. The letter argues that that SEC’s authority is limited to mandating…

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12 Democrat AGs Urge SEC to Require Companies Disclose Financial Risk from Climate Change

12 Democrat AGs, led by California AG Rob Bonta, submitted a comment letter to the U.S. Securities and Exchange Commission (“SEC”) urging it to require U.S. companies to disclose financial risks faced by climate change, in response to the SEC’s request for public input.

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Lender Settles Allegations It Financed Loans with Deposits Collected from Consumers Using False Promises of Guaranteed High Returns

The Consumer Financial Protection Bureau (“CFPB”) reached a settlement with financial company Driver Loan, LLC and its Chief Operating Officer (collectively “Driver Loan”) to resolve allegations that it misled consumers with respect to its financial products in violation of the Dodd-Frank Consumer Financial Protection Act. The complaint alleged that, among other things, Driver Loan made short-term,…

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Cryptocurrency Platform Hit with Motion for TRO, Preliminary Injunction, and Receiver Appointment

New York AG Letitia James moved to stop cryptocurrency trading platform Coinseed, Inc. (“Coinseed”) from allegedly executing unauthorized trades and acting as an unregistered commodity broker-dealer. As previously reported, in February 2021 AG James sued Coinseed over allegations that it operated illegally and defrauded investors in violation of New York’s Martin Act by raising funds…

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