Iowa AG Brenna Bird sued cryptocurrency ATM operators Lux Vending, LLC, and Bitcoin Depot Operating, LLC and GPD Holdings LLC d/b/a CoinFlip for allegedly failing to protect consumers from scams perpetrated using their ATMs in violation of state consumer protection law.

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A group of 11 Republican AGs announced that they have sent letters to multiple financial institutions (collectively, “Financial Institutions”) warning that the companies’ diversity, equity, and inclusion (DEI) and environmental, social, and governance (ESG) commitments may violate state and federal laws and risk enforcement action. The letter states that the Financial Institutions appear to be implementing…

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New Jersey AG Matthew Platkin has settled with Edward D. Jones & Co., L.P., as part of a multistate investigation that included 14 states and the North American Securities Administrators Association, over allegations that the broker-dealer overcharged customers and failed to adequately supervise its financial professionals when moving commission-based brokerage accounts to fee-based investment advisory…

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In a webinar hosted on January 14, 2025,  the Cozen O’Connor State AG Group, in partnership with the U.S. Chamber of Commerce Institute for Legal Reform, discussed the impacts of new federal agency leadership and the role of state attorneys general as regulators and enforcers, with a particular focus on four critical sectors: financial services,…

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The CFPB has finalized a rule amending regulations under the Fair Credit Reporting Act to address the use and reporting of medical information in credit decisions. The Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V) final rule removes an exception that previously allowed lenders to use medical debt information in credit eligibility…

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