On June 30, the DOJ charged six individuals in four separate cases for a fraudulent NFT trading scheme.
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CFPB, DOJ and OCC Take Action Against National Bank for Alleged Redlining
The CFPB and DOJ, in cooperation with the OCC, filed a complaint and proposed consent order last week in the Western District of Tennessee against a national bank alleging that the bank violated the Fair Housing Act (FHA), the Equal Credit Opportunity Act (ECOA) and its implementing regulation, Regulation B, and the Consumer Financial Protection Act of 2010 (CFPA). Specifically, the joint complaint alleges that the bank:
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The Department of Justice Sets Cryptocurrency Squarely in its Sights
The Department of Justice is aggressively scrutinizing participants in the cryptocurrency markets—including “financial institutions working with cryptocurrency”—to thwart the use of the technology as a vehicle for money laundering and other illegal activity.
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