CFPB Issues Order Asserting its Authority to Investigate Cryptocurrency Lender
By EsqSocial Corporation 08/12/22
On November 22, 2022, the Consumer Financial Protection Bureau (CFPB) denied a petition by Nexo Financial LLC (“Nexo Financial”) to modify a Civil Investigative Demand (CID) issued on December 1 2021. In rendering its decision, the CFPB rejected Nexo Financial’s claim that the CFPB lacks authority to investigate their crypto-lending products, including its “Earn Interest Product.”......
By: Shipkevich PLLC