As political tides shift, so too does the regulatory outlook for consumer financial services. Among the key documents that could shape the direction of U.S. financial regulation is a January 2021 report by the CFPB Taskforce...more
On February 11, 2024, a new law went into effect in New York, establishing important limits and rules for surcharging. Enacted in December 2023, the new statute has a price disclosure component, detailing how surcharge prices...more
2/26/2024
/ Constitutional Challenges ,
Consumer Financial Products ,
Credit Card Surcharges ,
Credit Cards ,
Disclosure Requirements ,
First Amendment ,
Merchants ,
New Guidance ,
New Legislation ,
Pricing ,
Proposed Legislation ,
Surcharges
On Monday the U.S. Securities and Exchange Commission issued a cease-and-desist order to Kim Kardashian for failing to disclose that she received $250,000 to promote EthereumMax’s digital tokens, “EMAX tokens,” on...more
10/5/2022
/ Cease and Desist Orders ,
Celebrity Endorsements ,
Civil Monetary Penalty ,
Class Action ,
Cryptoassets ,
Disclosure Requirements ,
Disgorgement ,
Endorsements ,
Ethereum ,
Failure To Disclose ,
FTC Endorsement Guidelines ,
Kim Kardashian ,
Prejudgment Interest ,
Real Estate Investments ,
Securities ,
Securities Fraud ,
Stock Promoters ,
Testimonial Statements
In June, New York enacted a ticket transparency law seeking to make sweeping changes to how ticket prices are communicated to consumers and eliminate deceptive ticket pricing practices. The law will go into effect on...more
A class action lawsuit filed against Kim Kardashian, Floyd Mayweather, and former professional basketball player Paul Pierce earlier this month underscores the need for celebrity endorsers to take care when they approach any...more
1/19/2022
/ Advertising ,
Aiding and Abetting ,
Blockchain ,
Celebrity Endorsements ,
Class Action ,
CLRA ,
Cryptocurrency ,
Digital Currency ,
Disclosure Requirements ,
Ethereum ,
Financial Services Industry ,
Influencers ,
Investment ,
Marketing ,
Non-Fungible Tokens (NFTs) ,
Online Endorsements ,
Pump and Dump ,
Restitution ,
Social Media ,
Token Sales ,
Unfair Competition Law (UCL) ,
Unfair or Deceptive Trade Practices ,
Unjust Enrichment