Coin Cafe Settles with New York AG for $4.3 Million to Resolve Allegations of Exorbitant and Deceptive Crypto Storage Fees
New York AG Letitia James settled with cryptocurrency trading platform Coin Cafe, Inc. to resolve allegations that the company violated the Martin Act and New York Executive Law by misleading investors about the excessive storage fees it charged to use its wallet storage services.
FTC Targets Ed Tech Provider for Using Children’s Personal Information for Advertising in Violation of COPPA Rule
The FTC obtained an order against education technology provider Edmodo, LLC for allegedly violating the Children’s Online Privacy Protection Act (COPPA) Rule by collecting personal data from children without parental consent, using the data for advertising, and outsourcing its COPPA compliance responsibilities to schools.
AG Coalition Sues Telecom Provider for Facilitating Illegal Robocalls
A group of 49 AGs filed a lawsuit against Michael D. Lansky, L.L.C., dba Avid Telecom, and two affiliated individuals, for allegedly violating the Telemarketing and Consumer Fraud and Abuse Prevention Act, the Telemarketing Sales Rule, and state consumer protection laws by initiating and facilitating 7.5 billion illegal robocalls to individuals on the Do Not Call Registry between December 2018 and January 2023.
Republican AGs Warn Financial Institutions Against Inconsistent ESG Voting
A coalition of 23 Republican AGs sent a letter to the chief executives of several financial institutions, including Goldman Sachs, urging them to ensure that their votes on ESG issues as asset managers for other companies were not inconsistent with their own boards’ reasoning in recent votes to reject the implementation of ESG proposals.
Congressional Efforts to Combat New Street Drug Threat Earn Bipartisan AG Support
A bipartisan coalition of 39 AGs sent a letter to Congressional leaders urging the swift passage of the Combatting Illicit Xylazine Act, which would provide resources to fight the recent uptick in overdoses and deaths caused by use of the street drug.
Pennsylvania AG Settles for $11.4 Million over Allegedly Predatory Lending Scheme Targeting Low-Income Retail Purchasers
Pennsylvania AG Michelle Henry settled with Snap Finance LLC and its subsidiaries to resolve allegations the lending company violated various state consumer protection laws by providing predatory, deceptive loans to low-income individuals financing large retail purchases.