The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.
In a newly proposed class action lawsuit, Jackson v. Athena Bitcoin, Inc., 4:24CV00331, filed by the only and only LawHQ (if you didn’t read my previous blog, check it out here: here), a Florida resident claims crypto ATM behemoth Athena Bitcoin bombarded him with a “relentless” flood of promotional texts after he used one of their machines. The Complaint alleges that Athena’s messages violated the Telephone Consumer Protection Act (TCPA) and Florida’s Telephone Solicitation Act (FTSA).
On August 21, 2024, VeriSource Services, Inc. (“VSI”) filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party was able to access information in the company’s possession.
The Consumer Financial Protection Bureau (CFPB) is taking significant steps to promote transparency and fairness in the financial market, particularly in the growing Buy Now, Pay Later (BNPL) sector. By clarifying how existing laws apply to new financial products, the CFPB aims to foster innovation while ensuring that consumer rights are protected.
We have previously reported on the requirements, including mandatory risk assessments, of the California Age Appropriate Design Code Act, (CAADCA or Act) and that the Act was enjoined by the federal District Court as likely a violation of the publisher’s free speech rights under the First Amendment of the U.S. Constitution.
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