The National Credit Union Administration today announced the retirement of Cherie Freed, regional director of the NCUA’s Western Region, effective August 24, 2024.
We have previously blogged about how targets of CFPB enforcement actions have asserted that the actions must be dismissed because the investigations were conducted and the lawsuits were brought and are being prosecuted with funds unlawfully obtained from the Federal Reserve Board at a time when the Federal Reserve System had no combined earnings.
A great number of fintechs are contemplating owning a bank or obtaining a banking charter—either a national bank charter, a state bank charter or a special purpose charter. In this episode, we are joined by our special guest Michele Alt, co-founder and partner of Klaros Group, an investment and advisory firm, and Scott Coleman, a partner in our Consumer Financial Services Group who leads our banking practice.
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).
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