The FDIC created a new online Information and Support Center to help consumers understand their rights and make "well-informed" financial decisions. In addition, consumers may submit a request or complaint, check on the status of a complaint or inquiry, and securely exchange documents with the FDIC through the center's online platform. The FDIC announcement was made during National Consumer Protection Week, which continues through March 9, 2019.
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The CFTC awarded more than $2 million to an individual whistleblower for information provided in connection with a CFTC action and a related action brought by another federal regulator. The Director of the CFTC Whistleblower Office Christopher Ehrman stated that the action illustrates that (i) a whistleblower need not be an "insider" and (ii) the CFTC can pay awards for related actions brought by other regulators.
In an Investor Bulletin, the SEC underscored the importance of exercising caution before buying or selling any stock after a trading suspension ends.
The SEC Division of Corporation Finance granted an exemption from Exchange Act Rule 14e-1(a) ("Unlawful Tender Offer Practices") to Indian Energy Exchange Limited, a public limited company incorporated under the laws of India. The relief permits the company to keep its tender offer open for only a "10-working day" period, in accordance with Indian law.
The Consumer Financial Protection Bureau ("CFPB") requested information on the financing of residential Property Assessed Clean Energy ("PACE"). PACE financing is defined by the Economic Growth, Regulatory Relief and Consumer Protection Act ("EGRRCPA") as "financing to cover the costs of home improvements that results in a tax assessment on the real property of the consumer." In an Advance Notice of Proposed Rulemaking ("ANPR"), the CFPB said the information solicited will allow the CFPB to better understand the PACE financing market. CFPB stated it will be seeking to adopt new rules under