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CFPB announces first-known crypto investigation
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Consumer Protection, Dodd-Frank Basics, Emerging Technology, Government Oversight, Nonbank Financial
Tuesday, December 6, 2022
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The Consumer Financial Protection Bureau (CFPB) acknowledged its first-known investigation of a crypto company. The public disclosure of the probe comes from an order issued by the CFPB denying the crypto firm’s petition to stop the investigation. The firm’s petition argues that the subject of the investigation is not within the scope of CFPB authority.
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