The Consumer Financial Protection Bureau is investigating whether the cryptocurrency lender Nexo Financial is abiding by consumer protection laws, according to documents released this week. The CFPB rejected the company's argument that the agency has no authority to conduct the probe.
New York Attorney General Letitia James NYAG filed complaint against Nexo Inc. and Nexo Capital, Inc. alleging they violated New York’s Martin Act and Executive Law by acting as an unregistered securities and/or commodities broker-dealer within the state.
On September 26, 2022, New York Attorney General Letitia James (the "NYAG") took definitive action in the wake of her warning last year that crypto lending platforms must register with her office.
On September 26, 2022, New York Attorney General Letitia James (the “NYAG”) took definitive action in the wake of her warning last year that crypto lending platforms must register with.