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Connecticut AG Launches Antitrust Probe Into Amazon’s eBook Business

PYMNTS

Connecticut Attorney General William Tong is launching an antitrust probe into how Amazon runs its eBook business, the Wall Street Journal (WSJ) reported on Thursday (Jan. Connecticut’s inquiry is just the latest antitrust probe by several state and federal authorities into how Amazon conducts its business.

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Buying into AML risks in real estate

Abrigo

Key Takeaways Real estate markets are vulnerable to money laundering and fraud because of their transaction size and appreciation over time. Regulations such as Geographic Targeting Order updates help identify AML risks by requiring identification for certain real estate purchases. Why real estate?

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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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FinCEN reissues real estate Geographic Targeting Orders

Abrigo

At the end of 2021, the Biden administration announced that they would pay closer attention to corruption in the real estate market, with a special focus on all-cash commercial and residential real estate transactions. BSA Rules and Regulation. BSA Rules and Regulation. BSA Rules and Regulation. learn more. Taking action.

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Varo Achieves Milestone As First Consumer FinTech To Get National Charter

PYMNTS

Department of the Treasury that charters and regulates financial institutions. Varo coming in as a full national bank, with an already proven market fit and massive demand for more-affordable digital-banking solutions, is a very exciting moment,” Walsh told Bloomberg. OCC is an independent bureau of the U.S. million.

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New Bank TNB USA Sues The Fed

PYMNTS

A new bank, launched by one of the Federal Reserve’s own, is now suing the Fed of New York , accusing the regulator of preventing the bank from moving forward with its business plans. based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. percent.

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‘Amazon’s Choice’ Badge Attached To Questionable Products

PYMNTS

While Amazon reportedly attaches the badge to many legitimate listings, it also appears with products that make false claims or that regulators have noted safety concerns about, as well as listings that have been manipulated by sellers to receive the endorsement. Bob Menendez and Connecticut Sen.