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Finance & Banking Antitrust & Trade Regulation

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Privacy, Disclosure Failures Cost Venmo in FTC Deal

The Federal Trade Commission (FTC) reached a deal with PayPal, Inc., settling charges that the company violated Section 5 of the Federal Trade Commission Act by misleading consumers about the extent to which they could...more

FTC Issues Proposed Consent Order to Online Payment Processing Company Over Allegations of Privacy and Security Violations

by Weiner Brodsky Kider PC on

The FTC recently reached a settlement with a worldwide online payment processing company regarding the actions of its subsidiary, a peer-to-peer payment and social networking application and website, over alleged violations...more

Asset Management Regulatory Roundup - March 2018 - Issue 5

by Dechert LLP on

A compact summary of the most recent regulatory developments relevant to the UK asset management industry.This issue includes details of proposed changes to the Financial Services Register to accommodate the Senior Managers...more

Regulation Round Up - February 2018

by Proskauer Rose LLP on

1 February - The European Commission ("EC") launched the EU Blockchain Observatory and Forum in order to highlight key developments of blockchain technology, promote and reinforce European engagement with multiple...more

Road to Brexit: Theresa May sets out “Five Tests” with which to judge eventual deal

The Prime Minister has given the clearest indication yet of what the UK will seek in the Brexit negotiations. Access to each side’s markets is going to be less than it is today. ...more

EU Publishes Draft Guidelines for Future Relationship with Britain

The guidelines present a stark contrast to Prime Minister May’s vision of a “deep and special” partnership with the EU after Brexit. The President of the European Council has issued negotiating guidelines for the future...more

UK Competition and Markets Authority Publishes Working Paper on its Investment Consultancy Investigation

by Shearman & Sterling LLP on

As part of its market investigation into the supply and acquisition of investment consultancy services and fiduciary management services, the U.K. Competition and Markets Authority has published the first in a series of...more

The World in U.S. Courts - Winter 2018

French Bank Whose Transactions Benefitted Sudan Generally, But Were Not Otherwise Related To The Commission Of Terrorist Acts Supported By Sudan, Could Not Have Violated ATA And ATS....more

FTC releases annual report on consumer complaints

by Ballard Spahr LLP on

According to its newly-released Consumer Sentinel Network Data Book, the FTC received complaints from 2.68 million consumers in 2017, a decrease from 2016 when 2.98 million consumers submitted complaints....more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

A White House announcement about plans for steel and aluminum tariffs left the already-unsettled markets even shakier yesterday....more

FTC Halts Mortgage Loan Modification Scam

The Federal Trade Commission (FTC) put a stop to a mortgage loan modification operation, filing suit in Nevada federal court alleging violations of the Mortgage Assistance Relief Services (MARS) Rule and the FTC Act....more

FTC Issues Refunds to Allegedly Misled Debt Counseling Customers

by Weiner Brodsky Kider PC on

The Federal Trade Commission announced its plans to mail checks totaling more than $480,000—averaging approximately $84.27 per check—to thousands of customers who were allegedly misled by a national debt counseling company’s...more

Venmo Agrees To Stop Misleading Consumers

by Fox Rothschild LLP on

Earlier this week, the Federal Trade Commission (“FTC”) announced a settlement with PayPal, Inc. over allegations that Venmo, a PayPal-owned mobile payment and social networking application, misled customers on issues...more

Your Daily Dose of Financial News

by Robins Kaplan LLP on

On Monday, UPS revealed that in December it sued European antitrust regulators over a 5-year-old decision that blocked the delivery company’s takeover of the Netherlands’ TNT Express. UPS is seeking more than $2 billion in...more

CFIUS: Evolution Yields to Revolution

by Jones Day on

While 2017 was an evolutionary year for the Committee on Foreign Investment in the United States ("CFIUS"), 2018 portends to be a revolutionary year. A number of factors, including a new President, growing concerns over...more

Final Draft EU Standards on Cooperation of National Regulators and the European Securities and Markets Authority with other EU...

by Shearman & Sterling LLP on

The European Securities and Markets Authority has published a final report and final draft Implementing Technical Standards on forms and procedures for cooperation of National Regulators and ESMA with other EU Authorities...more

FTC files lawsuit against student loan debt relief companies

by Ballard Spahr LLP on

The FTC has filed a lawsuit in a California federal district court against three interrelated student loan debt relief companies and the individual who is their majority owner for alleged violations of Section 5 of the FTC...more

FTC Gets Restraining Order Against Mortgage Loan Modification Operators

by Weiner Brodsky Kider PC on

The Nevada federal district court recently granted a temporary restraining order (TRO) against a large group of mortgage loan modification operators, following a complaint from the Federal Trade Commission (FTC) which alleged...more

State Regulators to Share Licensing Data with FTC

by Weiner Brodsky Kider PC on

The Conference of State Bank Supervisors announced that it will be sharing all non-confidential licensing information from the Nationwide Multistate Licensing System (NMLS) with the Federal Trade Commission (FTC)....more

Recent Antitrust Settlements Are Providing New Recovery Opportunities, But Filing Claims Is Proving To Be Complicated

First there was Libor. Next came credit default swaps and foreign exchange. Now, highlighted by the over $2 billion settlement reached in the Foreign Exchange Antitrust Litigation, plaintiffs are pursuing a number of...more

Financial Services Weekly News - January 2018 #4

by Goodwin on

Editor's Note - Breaking News. This morning, the U.S. Court of Appeals for the D.C. Circuit, sitting en banc, issued its long-awaited decision in PHH Corp. v. CFPB, holding that the provision of the Dodd-Frank Act...more

White House sends four FTC nominations to Senate

by Ballard Spahr LLP on

On January 25, the White House announced that President Trump had sent the nominations of four individuals to the Senate to serve as FTC commissioners. Three of the nominations, those of Joseph Simons, Rohit Chopra, and Noah...more

HSR Jurisdictional Thresholds Increased in Annual Adjustment

by Mintz Levin on

The Federal Trade Commission (FTC) announced on January 26, 2018, increased jurisdictional thresholds for premerger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the HSR...more

10 EU Competition & Regulatory Trends to Watch for in 2018

Introduction - Our “trends for 2018” are only a selection of interesting developments to watch for in 2018. Within the political and legislative cycle of the European Union, 2018 promises to be an eventful year, given...more

Key Developments in the 2017 Indian Legal Landscape

by Morgan Lewis on

Legal and regulatory developments in the country included changes to the foreign direct investment policy, changes to the foreign investment regime, and a new platform for sexual harassment complaints by employees. Labour...more

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