On December 7, 2021, the U.S. Treasury Department’s Financial Crimes Enforcement Network issued a highly-anticipated proposed rule that would implement key provisions of the Corporate Transparency Act, a law enacted earlier this year as part of the Anti-Money Laundering Act of 2020.
David Sewell
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Consumer Protection Regulator Signals Increased Scrutiny of Payments Systems and Tech Companies
By Kevin Feldis, David Sewell, Sam Boro & John Dixon on
Under the leadership of its new Director, Rohit Chopra, the Consumer Financial Protection Bureau (CFPB) appears poised to take a more active supervisory and enforcement posture, including with respect to Fintech – a sector that has not historically been a focus for the agency. Since taking office on October 12th, Director Chopra has…