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Financial Services Industry Websites Online Platforms

Goodwin

CFPB Q1 Circular Recap: Essential Takeaways for Mitigating UDAAP Risk to Remittance Transfer Providers, Digital...

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In the first quarter of 2024, the Consumer Financial Protection Bureau (CFPB) issued two Consumer Financial Protection Circulars, putting remittance transfer providers, digital comparison-shopping tools operators, and lead...more

Bressler, Amery & Ross, P.C.

SEC Updates Internet Adviser Exemption

The U.S. Securities and Exchange Commission has adopted amendments to the increasingly utilized “internet adviser exemption.” The exemption, originally adopted in 2002, has fostered the utilization of digital platforms for...more

Pagefreezer

Website & Social Media Archiving to Comply with FINRA Books & Records Rules

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Investment firms and other financial institutions are subject to the strict recordkeeping and communication regulations laid out by both the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange...more

Sheppard Mullin Richter & Hampton LLP

The CFPB Takes Aim at Digital Comparison Shopping Websites and Lead Generators

On February 29, the CFPB issued a circular warning digital comparison-shopping websites and lead generators that practices that steer customers to certain financial products or services based on compensation received from...more

Troutman Pepper

Online Tracking Case Dismissed by Ninth Circuit Holding that Online Purchase Does Not Subject Web-Based Payment Processing...

Troutman Pepper on

In a case of first impression, the U.S. Court of Appeals for the Ninth Circuit was tasked with determining whether the alleged extracting and retaining of consumer data and tracking of customers using an online payment...more

Ballard Spahr LLP

HUD OIG Again Takes Issue with Mortgage Servicer Websites Addressing CARES Act

Ballard Spahr LLP on

As previously reported, in April 2020 the U.S. Department of Housing and Urban Development Office of Inspector General (HUD OIG) issued a statement criticizing how mortgage servicer websites were providing information on the...more

Ballard Spahr LLP

HUD OIG Takes Issue with Mortgage Servicer Websites Addressing CARES Act

Ballard Spahr LLP on

The U.S. Department of Housing and Urban Development Office of Inspector General (HUD OIG) issued a statement dated April 27, 2020, that is not complimentary about how mortgage servicer websites are providing information on...more

Barnea Jaffa Lande & Co.

Investment Management 2.0 – Internet Platform for Investment Management

Last week the Israel Securities Authority published a directive on “Investment Management 2.0”.    Investment Management 2.0 is effectively a service model for internet investment management operated through investment in...more

Troutman Pepper

Investment Management Roundtable Discussion – Internet 3.0: Decentralize Everything

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Gregory J. Nowak, a partner and practice leader for hedge funds in Pepper Hamilton’s Private Fund Services Practice Group, hosts a series of candid, interactive webinar discussions for West LegalEdcenter on what is going on...more

Ballard Spahr LLP

Prepaid account agreements database now on CFPB website

Ballard Spahr LLP on

The CFPB’s final rule on prepaid accounts, which became effective on April 1, 2019, requires issuers of prepaid accounts, with certain exceptions, to submit to the CFPB all account agreements that the issuer offers, amends,...more

Ballard Spahr LLP

FTC launches dedicated FinTech web page

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The FTC has launched a dedicated FinTech page on its website where it has assembled FinTech-related materials....more

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