In The News
Felix Shipkevich Presents to the Finance Women’s Association About Recent Banking Failures
On March 21, 2023, Felix Shipkevich gave a presentation to the Finance Women’s Association about the recent banking failures: Banking Failure and Governance (Silicon Value Bank,
CFPB Issues Bulletin to Warn Student Loan Servicers Who Ignore Bankruptcy Court Orders
On March 16, 2023, the Consumer Financial Protection Bureau (CFPB) issued a bulletin cautioning loan servicers about their responsibility to stop any illegal activity related
CFPB Announces Inquiry into Data Brokers: Seeking Public Input on Business Practices
On March 15, 2023, the Consumer Financial Protection Bureau (CFPB) announced an inquiry into companies that gather and track information about people’s personal lives. The
California’s DFPI Cracks Down on Student Debt Relief Companies
Recent Consent Order Issued by the DFPI Against Student Loan Relief Company On February 28, 2023, the California Department of Financial Protection and Innovation (DFPI) announced that
New Jersey Legislation to Regulate Virtual Currencies Likely To Become Law
New Jersey is positioned to adopt seminal legislation that is sure to alter the regulatory dynamic for cryptocurrency-focused businesses that operate within the state. The
FTC Sues Stratics and Debt Relief Companies That Hired Robocallers
The Federal Trade Commission (FTC) is taking action against Stratics Networks, a company that allegedly provided the technology for telemarketers to make tens of millions
Did the NFT Bubble Burst? Felix Shipkevich Weighs In With New Quote on Builtin.com
Felix Shipkevich was recently featured in an article on builtin.com entitled ‘Did the NFT Bubble Burst?” See his thoughts on NFTs below: Financial tech regulatory attorney
Felix Shipkevich Discusses the Future of Crypto in VIXIO Payments Compliance Article
Felix Shipkevich was recently interviewed in an article entitled ‘Down But Not Out: What Next For Crypto Post FTX?‘ on VIXIO Payment Compliance. See excerpt
FCC Amends TCPA Rules Effective July 20, 2023
On January 23, 2023, the Federal Communications Commission (FCC) announced an important change to its rules regarding calls to residential numbers that are currently exempt
New York State Senators Introduce Assembly Bill A3525
On January 20, 2023, New York State Assembly Members Jeffrey Dinowitz and Michael Benedetto introduced Assembly Bill (AB) A1730, which seeks to establish the Uniform
CFPB Proposes New Rule to Curb Excessive Credit Card Late Fees
On Wednesday, February 1, 2023, the Consumer Financial Protection Bureau (CFPB) has proposed a new rule to curb excessive credit card late fees, which cost
The Federal Reserve Board Issues New Policy: A Level Playing Field for All Banks
On Friday, January 27, 2023, the Federal Reserve Board announced a new policy statement aimed at ensuring all banks with a federal supervisor receive equal
New York Issues New Guidance on Crypto Currency Custodial Structures
On January 23, 2023, New York Department of Financial Services (DFS) released regulatory guidance to better protect customers in the event of virtual currency insolvency.
Massachusetts State Legislator introduces an Act relative to the licensing and supervision of debt management services in the Commonwealth
On January 18, 2023, Massachusetts Representative Daniel Cahill (D) introduced Bill HD.1676 (“Bill”), which seeks to establish an Act relative to the licensing and supervision
Michigan Suspends FTX Lend Money Transmitter License and Orders FTX US License as Expired
On January 10, 2023 by the Michigan Department of Insurance and Financial Services (DIFS), issued an order regarding two companies, West Realm Shires Services, Inc.
Louisiana Adopts Virtual Currency License
Louisiana has become the first state to follow New York’s lead in issuing a crypto-specific license, accepting Louisiana Virtual Currency Business Activity (VCBA) license applications
CFPB Proposed New Rule to Establish Public Registry of “Take It Or Leave It” Contract Terms and Conditions
On January 11, 2023, the Consumer Financial Protection Bureau (CFPB) proposed a new rule to apparently shed light on the dark corners of the financial
Coinbase Agrees To Settlement With New York Regulator
On January 4, 2023, the New York State Department of Financial Services issued a consent order against Coinbase, a virtual currency company. Pursuant to the
FTC Proposes Ban on Employee Non-compete Clauses
On Thursday, January 5, 2023, the Federal Trade Commission (FTC) proposed a ban on non-compete clauses for workers in the United States. Non-compete clauses, which
CFPB Issues Report on TransUnion, Experian, and Equifax
On January 3, 2022, the Consumer Financial Protection Bureau (CFPB) published an annual report on the big three consumer reporting companies TransUnion, Equifax, and Experian.
CFPB Issues Proposed Rule Imposing Reporting Requirements on Certain Non-Bank Entities: Possible Implications for Money Transmitters, Debt Relief and Credit Repair Service Providers
On December 12, 2022, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule pursuant to its authority under the Consumer Financial Protection Act of
CFPB Issues Proposed Rule Imposing Reporting Requirements on Certain Non-Bank Entities
On December 12, 2022, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule pursuant to its authority under the Consumer Financial Protection Act of
New York Legis 660 Additional Requirements for Telemarketers: What You Should Know
Summary of NY Legis 660 NY Legis 660 (proposed as AB 8319) is a recently approved amendment to Section 399-z of New York’s General Business
CFPB Issues Order Asserting its Authority to Investigate Cryptocurrency Lender
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
WEBINAR: 2022 Debt Relief Industry Legislative, Regulatory, and Litigation Recap
OVERVIEW: Felix Shipkevich and Jessica Livingston of Shipkevich PLLC held a webinar to discuss and analyze recent trends and updates to federal regulations as well
U.S. District Court for the Middle District of Tennessee Grants FTC’s Motion to Temporarily Shut Down Alleged Credit Card Debt Relief Scheme
On November 21, 2022, the U.S. District Court for the Middle District Of Tennessee granted the Federal Trade Commission’s (FTC’s) ex parte motion for, among
FCC Rules Ringless Voicemails Fall Under TCPA and Require Consumer Consent
On November 21, 2022, the Federal Communications Commission (FCC) released a Declaratory Ruling and Order (“Order”) holding that ringless voicemails to wireless phones require consumer
California’s Northern District Court Holds Text Messages are Not Pre-Recorded or Artificial Voices Under the Federal TCPA
On November 18, 2022, the United States District Court for the Northern District of California ruled that text messages sent by a “chatbot” do not
NY Attorney General’s Office Fall Round-Up: AG Letitia James’ Actions & Initiatives Related to Cryptocurrency Since August 2021
On November 15, 2022, the New York Attorney General’s Office released its Fall Round-Up (“Round-Up”) describing major actions and initiatives implemented by New York Attorney
CFPB Circular Clarifies Consumer Reporting Agencies and Furnishers of Information can be Liable under Fair Credit Reporting Act for Failing to Investigate Disputes and Attempting to Deter Consumers from Submitting Disputes
On November 10, 2022, the Consumer Financial Protection Bureau (CFPB) released Consumer Financial Protection Circular 2022-07 (hereinafter, “the Circular”). The Circular resolves two issues for
Florida Middle District Court Finds Receiving Pre-Recorded Voice Messages Insufficient Basis for Standing to Bring Class Action Suit Alleging TCPA Violation
On November 2, 2022, the U.S. District Court for the Middle District of Florida held, sua sponte, that a plaintiff did not have standing to
CFPB Releases Complaint Bulletin Analyzing Crypto-Asset Consumer Complaints; Tips for Consumers to Protect Themselves from Crypto-Asset Fraud and Theft
On November 10, 2022 the Consumer Financial Protection Bureau (CFPB) released a complaint bulletin (“bulletin”) that provides an analysis of consumer complaints the CFPB has
WEBINAR: The Application of The Telemarketing Sales Rule to Attorneys within the Debt Settlement Space
OVERVIEW: Felix Shipkevich and Jessica Livingston of Shipkevich PLLC held a webinar to discuss and examine the Telemarketing Sales Rule and the issues concerning attorneys
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism Unconstitutional Violation of Appropriations Clause
On October 19, 2022, three judges in the Fifth Circuit Court of Appeals ruled that the funding mechanism of the Consumer Financial Protection Bureau (CFPB)
Fifth Circuit Court of Appeals Finds CFPB Funding Mechanism Unconstitutional Violation of Appropriations Clause
On October 19, 2022, three judges in the Fifth Circuit Court of Appeals ruled that the funding mechanism of the Consumer Financial Protection Bureau (CFPB)
Federal TCPA Regulatory Overview
What Is The TCPA? With its inception by Congress in 1991, the federal Telephone Consumer Protection Act (TCPA) is an attempt by Congress to exert
Proposed Digital Trading Clarity Act of 2022: What This Could Mean For The SEC’s Regulation Of Cryptocurrency
Summary of The Digital Clarity Act of 2022 The Digital Clarity Act of 2022, also known as S.5030, is a proposed legislation that seeks to
CFPB Issues Consent Order Against Nonbank Remittance Transfer Provider Following Findings of Remittance Transfer Rule Violations
An October 4, 2022 press release states that the Consumer Financial Protection Bureau (CFPB) issued a Consent Order against a nonbank remittance transfer provider (hereinafter,
WEBINAR: Pre-Authorization Agreements in the Debt Settlement Space: Are They Illegal?
OVERVIEW: Felix Shipkevich and Jessica Livingston of Shipkevich PLLC held a webinar to discuss and examine pre-authorization agreements and their use in the debt settlement
Jessica Livingston Discusses Shipkevich PLLC’s Flexibility & Family First Initiative
We sat down with Shipkevich PLLC’s Partner Jessica Livingston to discuss the secret behind how she finds time to read for leisure as a full-time
Jessica Livingston Featured in Law360 Article Discussing Her New Role Shipkevich PLLC
Jessica Livingston, Partner at Shipkevich PLLC, was interviewed by Law360 to discuss her new role in the expansion of Shipkevich PLLC’s Miami market and how
WEBINAR: Overview of Exclusivity Agreements and the Debt Settlement Space
OVERVIEW: Felix Shipkevich of Shipkevich PLLC held a webinar to discuss and examine exclusivity agreements and their use in the debt settlement space. This webinar
Shipkevich PLLC Releases Second Edition Of Its Regulatory Guide To Money Transmission & Payment Laws In The U.S
“Regulatory Guide to Money Transmission and Payment Laws in the U.S. (2nd Edition)” is nowavailable as a downloadable eBook from Shipkevich PLLC with new and updated content!The eBook
Felix Shipkevich Featured in Business Insider
Felix Shipkevich was recently quoted in Business Insider article entitled ‘The Howey test: A set of rules that determine if an investment is a security’
Felix Shipkevich Featured in Above The Law Webinar Discussing Crypto and the Future of Law Firms
Felix Shipkevich was recently featured in a webinar on Above The Law entitled ‘Powered By Crypto: Your Future Law Firm?’ The webinar was led by
Krystina Endara Featured in Law360 Article Entitled ‘How Law Firms Are Marketing Remote Work To Laterals’
Krystina Endara, Partner at Shipkevich PLLC, has been quoted in a Law360 article focused on how remote work environments benefit employees. Shipkevich PLLC partner Krystina
Felix Shipkevich Fields Crypto Questions on KNX News 97.1 FM
Felix Shipkevich was recently featured on KNX News 97.1 FM where he answered pressing questions regarding cryptocurrencies. Listen below:
WEBINAR: Understanding Civil Investigative Demands (CIDs) and How to Respond to Them
OVERVIEW: On March 16, 2022, Felix Shipkevich and Krystina Endara of Shipkevich PLLC held a webinar to discuss federal and state issuing of subpoenas on
Melanie Trogolo Discusses Shipkevich PLLC’s Family First Plan in Shortlister Article
Melanie Trogolo was recently featured in an article entitled “Why is Middle Management Leading the Great Resignation?” _ Another undoubtful fact about the great resignation
WEBINAR: Overview of Debt Settlement Industry Criminal Cases Webinar
OVERVIEW: Felix Shipkevich and Melanie Trogolo of Shipkevich, PLLC held a webinar to discuss when illegal activity goes from being sanctioned by a regulatory agency