On February 15th, the Federal Deposit Insurance Corporation (FDIC) issued another round of cease-and-desist letters demanding that companies stop making false and misleading statements.
On 7/29/22, the FDIC published a Crypto Advisory: “Advisory to FDIC-Insured Institutions Regarding Deposit Insurance and Dealings with Crypto Companies” due to its concern regarding the.
In a recent series of regulatory statements and a high profile demand letter, federal banking regulators have given clear warnings to the banking and fintech industries.
On May 17, 2022, the Federal Deposit Insurance Corporation ("FDIC") adopted a final rule establishing a new subsection B to the Federal Deposit Insurance Act ("FDIA") addressing False Advertising.
On May 17, 2022, the Federal Deposit Insurance Corporation (“FDIC”) adopted a final rule establishing a new subsection B to the Federal Deposit Insurance Act (“FDIA”) addressing False.