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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 announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies.
Regulatory Announcements
FTC Reports Increase in Cryptocurrency Scams. On May 17, the FTC published a consumer protection data spotlight focused on an increase in reported cryptocurrency investment scams. Specifically, consumers reported losing more than $80 million as a result of such scams since October 2020. Of the 7,000 consumer reports, the median reported loss was…
