Consumer Protection

Consumer Protection

Francine E. Friedman, Michelle A. Reed, Bob Huffman | Akin Gump Strauss Hauer & Feld LLP

Editor: Francine, please tell our readers about your background in government affairs and lobbying, including your data-protection practice. Friedman: During my high school and college years, I had various internships on Capitol Hill, mostly on the political fundraising side. My first job in...

Consumer Protection

Evan L. Greebel | Katten Muchin Rosenman LLP

On July 17, the New York State Department of Financial Services (DFS) issued proposed regulations delineating a license process for certain businesses involved in Bitcoin and other virtual currencies (Proposed Rules).1 The Proposed Rules would require any business that engages in “...

Banking

Haydn J. Richards, Jr. | Dykema Gossett PLLC

It is not often that an informal, three-page bulletin can result in substantial changes to the operations of a significant portion of the economy. However, the Consumer Financial Protection Bureau’s (“CFPB”) April 13, 2012, bulletin did just that: financial services...