On August 21, 2024, VeriSource Services, Inc. (“VSI”) filed a notice of data breach with the Attorney General of Texas after discovering that an unauthorized party was able to access information in the company’s possession.
In a newly proposed class action lawsuit, Jackson v. Athena Bitcoin, Inc., 4:24CV00331, filed by the only and only LawHQ (if you didn’t read my previous blog, check it out here: here), a Florida resident claims crypto ATM behemoth Athena Bitcoin bombarded him with a “relentless” flood of promotional texts after he used one of their machines. The Complaint alleges that Athena’s messages violated the Telephone Consumer Protection Act (TCPA) and Florida’s Telephone Solicitation Act (FTSA).
The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.
A great number of fintechs are contemplating owning a bank or obtaining a banking charter—either a national bank charter, a state bank charter or a special purpose charter. In this episode, we are joined by our special guest Michele Alt, co-founder and partner of Klaros Group, an investment and advisory firm, and Scott Coleman, a partner in our Consumer Financial Services Group who leads our banking practice.
The CFPB and Credit Repair Cloud, have reached agreement over allegations that the firm helped other credit repair businesses charge illegal fees to consumers. If approved by a federal judge in the Central District of California, the company would pay a $1 million penalty and its CEO, Daniel A. Rosen would pay a $2 million civil penalty.
.jpg)
.jpg)