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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
A proposed bill in New York relating to unfair claims settlement practices would provide policyholders with a private right of action against insurers who
New York Department of Financial Services Superintendent Lacewell Announces New DFS Report On New York Domestic Insurersâ Exposure To Financial Risks Arising From The Low-Carbon Transition - Follows DFSâs Issuance Of Proposed Guidance For New York Domestic Insurers On Managing The Financial Risks From Climate Change - Supports New York Insurersâ Efforts To Manage Their Exposure To Low-Carbon Transition Risks
New York Department of Financial Services Superintendent Lacewell Announces New DFS Report On New York Domestic Insurersâ Exposure To Financial Risks Arising From The Low-Carbon Transition - Follows DFSâs Issuance Of Proposed Guidance For New York Domestic Insurers On Managing The Financial Risks From Climate Change - Supports New York Insurersâ Efforts To Manage Their Exposure To Low-Carbon Transition Risks
A.J. S. Dhaliwal is a lawyer at Sheppard Mullin law firm in their Washington DC office. A.J. helps banks, non-bank financial institutions, and other companies in a wide range of matters including government enforcement actions, civil litigation, regulatory examinations, and internal investigations.
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NEW YORK, June 4, 2021 /PRNewswire/ GMO-Z.com Trust Company, Inc. ( GMO Trust ), the New York-based, regulated stablecoin subsidiary of Japanese Internet conglomerate GMO Internet Group ( GMO Group ), announced a partnership with Wyre, Inc. ( Wyre ), the payment company powered by blockchain. The partnership is designed to integrate the world s first regulated Japanese yen (JPY) stablecoin, ticker symbol: GYEN, onto Wyre s Payment suite of API-driven products, including payments, global payouts, wallets, crypto to fiat exchange and foreign exchange solutions . GYEN is the first regulated JPY stablecoin approved by the New York State Department of Financial Services (NYDFS).