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Republican AGs Wade Into CAT Fight

A coalition of 23 Republican AGs, led by Arkansas AG Tim Griffin, filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit in American Securities Association v. U.S. Securities and Exchange Commission asking the court to find that the SEC lacks the authority to create the Consolidated Audit Trail (CAT) database of investors and trading activity.

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FTC, California DFPI Team Up Against Mortgage Relief Scams

The FTC and California’s Department of Financial Protection and Innovation (DFPI) obtained default judgments against six companies doing business as Home Matters USA, Academy Home Services, Atlantic Pacific Service Group, Golden Home Services America, and their owners (collectively, “companies”), finding that they operated fraudulent mortgage relief scams in violation of the FTC Act, federal telemarketing and mortgage assistance relief services laws, the Covid-19 Consumer Protection Act, and the California Consumer Financial Protection Law (CCFPL).

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AG James to Citibank: No More Ignoring Red Flags

New York AG Letitia James filed a lawsuit against Citibank, N.A. alleging that the bank violated New York’s Executive Law and General Business Law by failing to enact sufficient data security measures or sufficiently respond to fraudulent activity to protect consumer funds. According to the complaint, the federal Electronic Fund Transfer Act provides consumers with…

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Barclays Suspended from Texas Bond Market Over Lack of ESG Explanation

Texas AG Ken Paxton announced that, “until further notice,” Barclays is no longer permitted to purchase or underwrite public securities, or otherwise be a party to a covered contract relating to the public security, after Barclays indicated it would not respond to requests for information regarding its alleged “net zero” carbon emissions commitments. As stated…

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Alleged Debt Relief Scheme Accused of Pocketing $84 Million in Illegal Fees

Seven Democratic AGs partnered with the CFPB to file a lawsuit against StratFS, LLC, f/k/a Strategic Financial Solutions, LLC, and affiliated entities and individuals (collectively, “SFS”), alleging violations of the Telemarketing and Consumer Fraud and Abuse Prevention Act (Telemarketing Act) and federal and state consumer protection laws through the operation of an illegal debt-relief scheme.…

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