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Wells Fargo Federal Trade Commission (FTC)

Wiley Rein LLP

Wiley Consumer Protection Download (January 3, 2023)

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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

Robins Kaplan LLP

Opendoor to Pay $62 Million to Settle FTC Claims That It Misled Homeowners

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Online home buying platform Opendoor Labs will pay $62 million to the FTC “to settle claims that it used misleading marketing practices to persuade people to sell their homes on the site.” According to the Commission, the...more

Venable LLP

Update: Judge Allows Most of Receiver’s Claims Against Wells Fargo for Involvement with Negative Option Marketers to Proceed

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A few weeks ago, we wrote an article discussing two enforcement actions by the Federal Trade Commission in the Central and Southern Districts of California that highlighted the risks to payment processors and financial...more

Robins Kaplan LLP

Financial Daily Dose 8.19.2021 | Top Story: T-Mobile Confirms Cyberattack Exposed Personal Information of 48 Million

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T-Mobile, the nation’s second-largest wireless carrier, has now confirmed that the cyberattack we reported earlier this week did indeed expose the personal information of some 48 million people—some of it including social...more

Robins Kaplan LLP

Financial Daily Dose 7.13.2021 | Top Story: Feisty Musk Opens Delaware Trial Over SolarCity Deal

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Your dispatch from Day 1 of the Tesla shareholder dispute over the company’s SolarCity purchase didn’t disappoint—at least as far as Elon was concerned—with the founder taking the stand, defending the acquisition, and taking...more

Robins Kaplan LLP

Financial Daily Dose 2.4.2020 | Top Story: Tesla Stock Hits New Highs on Reports From Battery Partners

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It’s all coming up Elon these days for Tesla and its stock. “Positive developments” from the electric carmaker’s battery suppliers helped goose shares even higher, ending the day at $780/share—a nearly 20% gain since Friday....more

Robins Kaplan LLP

Financial Daily Dose 12.05.2019 | Top Story: CBS and Viacom Finalize Deal to Reunite Media Empire

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CBS and Viacom are back together again. The deal to reunite the former partners, which closed late yesterday, was pushed by National Amusements’ chief Shari Redstone since 2016 and hasted along recently by the precipitous...more

Robins Kaplan LLP

Financial Daily Dose 9.5.2019 | Top Story: YouTube Fined $170 Million for Violating Kids’ Privacy Law

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Google will pay a “record $170 million fine and make changes to protect children’s privacy on YouTube” as part of a deal it reached this week with the FTC and NY AG’s office, both of whom had accused YouTube of “violating the...more

Robins Kaplan LLP

Financial Daily Dose 8.26.2019 | Top Story: Amgen to Pay More Than $13 Billion for Otezla

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Amgen will pay $13.4 billion in cash to buy psoriasis treatment Otezla, a deal that will “pave the way for Bristol-Myers Squibb to complete its acquisition of Celgene” by addressing “regulatory concerns over their union”....more

Robins Kaplan LLP

Your Daily Dose of Financial News

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New evidence suggests that California’s PG&E repeatedly “delayed a safety overhaul” on a high-voltage transmission line “that is a prime suspect behind the deadliest wildfire in California history.” How repeatedly? Try 5...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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More trouble for Wells Fargo, as news emerged yesterday that some employees in the company’s business banking wholesale unit “altered information on documents related to corporate customers” without customers’...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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As expected, Wells Fargo has promoted former Fed governor and current vice chair Elizabeth Duke to succeed Board chair Stephen Sanger. Incredibly, the move makes Duke the first woman to hold the top spot at one of the...more

Robins Kaplan LLP

Lessons from the Wells Fargo Scandal

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Financial institutions must meet standards for safeguarding customer data given the particularly sensitive information they hold, and regulators have been stepping up their efforts to provide guidance on just how they must do...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

No-Action Letter Issued Regarding the OCR Final Rule - On April 8, the U.S. Commodity Futures Trading Commission's ("CFTC") Division of Market Oversight issued a no-action letter regarding the ownership and control final...more

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