April 2024 - cypherpunks - lists.cpunks.org

CFPB, EU Say Teamwork 'Critical' As Fintech Bridges Atlantic
by Gunnar Larson 12 Apr '24

12 Apr '24

CFPB, EU Say Teamwork 'Critical' As Fintech Bridges Atlantic <https://www.law360.com/banking/articles/1824405?nl_pk=feb6bbba-7878-4d39-be…> By Aislinn Keely The consumer protection watchdogs in Europe and the U.S. said Thursday that their ongoing dialogue has yielded three shared focuses — the expansion of technology firms' payment services, the use of artificial intelligence in consumer markets and buy now, pay later products. Statement attached | Read full article » <https://www.law360.com/banking/articles/1824405?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1824405?nl_pk=feb6bbba-7878-4d39-be…>

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Odebrecht Exec Details Bribes To Ex-Ecuador Comptroller
by Gunnar Larson 12 Apr '24

12 Apr '24

Odebrecht Exec Details Bribes To Ex-Ecuador Comptroller <https://www.law360.com/compliance/articles/1824364?nl_pk=ab5ce197-c1fb-4d8e…> By Carolina Bolado The former director of Odebrecht SA's operations in Ecuador told jurors Thursday that he paid millions in bribes to "Miami" — a code name for Ecuador's former comptroller — related to various infrastructure projects the Brazilian conglomerate was building in the country. Read full article » <https://www.law360.com/compliance/articles/1824364?nl_pk=ab5ce197-c1fb-4d8e…> | Save to favorites » <https://www.law360.com/compliance/articles/1824364?nl_pk=ab5ce197-c1fb-4d8e…>

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Software Co., NC Officials Want Out Of Digital Courts Row
by Gunnar Larson 12 Apr '24

12 Apr '24

Software Co., NC Officials Want Out Of Digital Courts Row <https://www.law360.com/technology/articles/1823600?nl_pk=2bd720dd-746c-4744…> By Travis Bland Software company Tyler Technologies, North Carolina court administrators and two sheriffs have asked a federal court to release them from a proposed class action alleging the state's new digital filing system has led to unlawful arrests and detentions. 4 documents attached | Read full article » <https://www.law360.com/technology/articles/1823600?nl_pk=2bd720dd-746c-4744…> | Save to favorites » <https://www.law360.com/technology/articles/1823600?nl_pk=2bd720dd-746c-4744…>

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Insurer Says Firm Not Covered For Bogus Check Scheme
by Gunnar Larson 12 Apr '24

12 Apr '24

Insurer Says Firm Not Covered For Bogus Check Scheme <https://www.law360.com/insurance/articles/1823707?nl_pk=59612751-8689-4b1e-…> By Rose Krebs An insurance firm has filed a complaint in Washington federal court seeking a declaration that it doesn't owe coverage to a Seattle-area firm and its sole attorney, who are embroiled in litigation with a bank after the firm fell prey to a counterfeit check scheme. Complaint attached | Read full article » <https://www.law360.com/insurance/articles/1823707?nl_pk=59612751-8689-4b1e-…> | Save to favorites » <https://www.law360.com/insurance/articles/1823707?nl_pk=59612751-8689-4b1e-…>

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Ex-Atlanta Worker Says City's Missing Docs Merits Sanctions
by Gunnar Larson 12 Apr '24

12 Apr '24

Ex-Atlanta Worker Says City's Missing Docs Merits Sanctions <https://www.law360.com/governmentcontracts/articles/1824406?nl_pk=4126fe73-…> By Chart Riggall Counsel for a former city of Atlanta department head who says she was fired after blowing the whistle on failures in its immigrant outreach services urged a Georgia federal judge on Thursday to hit the city with sanctions for reportedly destroying communications related to her termination. Read full article » <https://www.law360.com/governmentcontracts/articles/1824406?nl_pk=4126fe73-…> | Save to favorites » <https://www.law360.com/governmentcontracts/articles/1824406?nl_pk=4126fe73-…>

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BNY Can't Nix Suit Alleging Mutual Fund Conflict Of Interest
by Gunnar Larson 12 Apr '24

12 Apr '24

BNY Can't Nix Suit Alleging Mutual Fund Conflict Of Interest <https://www.law360.com/banking/articles/1824153?nl_pk=feb6bbba-7878-4d39-be…> By Sydney Price The Bank of New York Mellon must face most of the remaining claims in a proposed self-dealing class action alleging it failed to disclose conflicts of interest when funneling client assets into mutual funds and other investment vehicles that favored the bank. Opinion attached | Read full article » <https://www.law360.com/banking/articles/1824153?nl_pk=feb6bbba-7878-4d39-be…> | Save to favorites » <https://www.law360.com/banking/articles/1824153?nl_pk=feb6bbba-7878-4d39-be…>

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Your Freedom of Information Law (FOIL) Request FOIL-2024-097305-022021 - Crypto's Most Powerful Regulator - Adrienne Harris Recusal Records
by Gunnar Larson 12 Apr '24

12 Apr '24

Subject: Fwd: Your Freedom of Information Law (FOIL) Request FOIL-2024-097305-022021 - Crypto's Most Powerful Regulator - Adrienne Harris Recusal Records ---------- Forwarded message --------- From: <Idel.Lendoff(a)dfs.ny.gov> Date: Thu, Apr 11, 2024, 2:53 PM Subject: Your Freedom of Information Law (FOIL) Request FOIL-2024-097305-022021 To: <G(a)xny.io>, <Pascale.JeanBaptiste(a)dfs.ny.gov> Good afternoon, Attached please find correspondence from the NYS Department of Financial Services, pertaining to your FOIL request. Thank you. Tracking Number:FOIL-2024-097305-022021 G(a)xny.io April 11, 2024 Gunnar D. Larson 406 W. 25th Street New York, NY 10001 Re: Freedom of Information Law (“FOIL”) Tracking No. 2024-097305 Dear Gunnar D. Larson: I write in response to the FOIL request that you submitted to The New York State Department of Financial Services (“Department”), which has been assigned tracking number 2024-097305. The Department requires additional time to respond to your FOIL request because we are still working on your request. The Department intends to provide its determination of your request by May 10, 2024. Thank you. 2024-097305: 3/11/24: Dear Madam or Sir: On March 30, 2022 New York Magazine published a profile of NY-DFS Superintendent Adrienne Harris titled "Crypto’s Most Powerful Regulator Is Here Adrienne Harris, New York’s financial watchdog, has enormous sway over the industry’s future" ( https://nymag.com/intelligencer/2022/03/adrienne-harris-is-cryptos-most-pow…) The profile of Superintendent Harris quotes "... that she would recuse herself from any dealings with companies she has conflicts with." xNY.io - Bank.org seeks access to any and all records specific to Superintendent Harris' recusal(s) as of February 1, 2024. Thank you, Gunnar -- Gunnar Larson xNY.io | Bank.org MSc - Digital Currency MBA - Entrepreneurship and Innovation (ip) G(a)xNY.io +1-917-580-8053 New York, New York 10001

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Push For Bank Capital Hike Has 'Damaged' Fed, Quarles Says
by Gunnar Larson 11 Apr '24

11 Apr '24

Push For Bank Capital Hike Has 'Damaged' Fed, Quarles Says <https://www.law360.com/capitalmarkets/articles/1824167?nl_pk=abe82add-2a33-…> By Jon Hill Federal regulators' Basel III endgame proposal to raise big-bank capital requirements has "damaged" the reputation of the Federal Reserve and cannot be salvaged just by watering it down, the central bank's former bank regulatory chief said Wednesday. Read full article » <https://www.law360.com/capitalmarkets/articles/1824167?nl_pk=abe82add-2a33-…> | Save to favorites » <https://www.law360.com/capitalmarkets/articles/1824167?nl_pk=abe82add-2a33-…>

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Maine Says Lobster Boat Tracking Counts As Legal Search
by Gunnar Larson 11 Apr '24

11 Apr '24

Maine Says Lobster Boat Tracking Counts As Legal Search <https://www.law360.com/cybersecurity-privacy/articles/1823298?nl_pk=3dfd2fd…> By Peter McGuire Maine's top fisheries' regulator is arguing that newly required electronic location tracking for some lobstering boats is a legal administrative search of commercial premises and has urged a federal judge to toss a lawsuit alleging the rule violates lobster fishers' constitutional rights. 2 documents attached | Read full article » <https://www.law360.com/cybersecurity-privacy/articles/1823298?nl_pk=3dfd2fd…> | Save to favorites » <https://www.law360.com/cybersecurity-privacy/articles/1823298?nl_pk=3dfd2fd…>

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NY-DFS Proposed Guidance on Character and Fitness (Extension Appeal)
by Gunnar Larson 11 Apr '24

11 Apr '24

Subject: NY-DFS Proposed Guidance on Character and Fitness (Extension Appeal) Coinbase is up 40% this month: https://www.google.com/finance/quote/COIN:NASDAQ?sa=X&ved=2ahUKEwjO3sCmxrCE… Goldman's first Bitcoin backed loan to COIN back in 2022 would of had fantastic returns: Goldman Offers Its First Bitcoin-Backed Loan in Crypto Push https://www.bloomberg.com/news/articles/2022-04-28/goldman-offers-its-first… ---------- Forwarded message --------- From: Gunnar Larson <g(a)xny.io> Date: Wed, Jun 28, 2023, 2:14 AM Subject: Re: NY-DFS Proposed Guidance on Character and Fitness (Extension Appeal) To: <kathleen.scott(a)dfs.ny.gov> Cc: <BankingComments(a)dfs.ny.gov>, <cypherpunks(a)cpunks.org> Ms. Scott: Additionally, xNY.io - Bank.org respectfully submits Coinbase's Brian Armstrong on Bloomberg.com: https://www.bloomberg.com/news/videos/2023-01-12/the-david-rubenstein-show-… as a matter for public comment for NY-DFS' "Proposed Guidance on Character and Fitness." The Bloomberg interview with Coinbase showed top journalistic integrity, yet, Coinbase failed to mention any NY-DFS investigation or pending action. The interview aired last December, before the 100M Coinbase settlement was announced by NY-DFS concerning Coinbase's BitLicense compliance. NY-DFS' approach to Coinbase and Goldman Sachs (who took Coinbase public) share independent insider trading scenarios that could disrespect the United States Department of Justice, Criminal Division, Fraud Section and Money Laundering and Asset Recovery Section compliance programs. We have collated 34 highlights that describe a corporate opportunity policy framework to gauge character and fitness of the "first Bitcoin loan" backed by a New York banking institution here: https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=… . Per point one of NY-DFS' "Suggested Questions to Facilitate Initial and Ongoing Assessment of Designated Persons’ Character and Fitness," can you kindly acknowledge that you have reviewed and understand our appeal seeking extension for public comment to August 5, 2023? We feel extra time for public comment is warranted to ensure that xNY.io - Bank.org did not play a significant role or otherwise contribute in a meaningful way to the conduct that led to regulatory action or proceeding without ample notice. Thank you, Gunnar On Wed, Jun 28, 2023, 12:04 AM Gunnar Larson <g(a)xny.io> wrote: > Ms. Scott: > > NY-DFS recently asked for public comment concerning "Proposed Guidance on > Assessment of the Character and Fitness of Directors, Senior Officers, and > Managers" mentioned here: > https://www.dfs.ny.gov/industry_guidance/industry_letters/il20230509_guidan… > . > > xNY.io - Bank.org asks if the NY-DFS will extend deadline for public > comment to August 5, 2023 from June 30, 2023. > > As requested by NY-DFS, today we provide (in a separate attachment) > evidence of any documented exceptions to compliance with the "Suggested > Questions to Facilitate Initial and Ongoing Assessment of Designated > Persons’ Character and Fitness." > > We have collated 19 references comprising 205 highlights that touch on the > five key areas below: > https://drive.google.com/drive/folders/1FTRRFFhQHDxf-oR9WOZz0a2gRtC9ZWVO. > > -Harassment and Discrimination Policies > > -Conflict of Interest Policy > > -Insider Trading Policy > > -Records Management Policy > > -Corporate Opportunity Policy > > xNY.io - Bank.org is seeking NY-DFS' extension for public comment to > August 5, 2023 so that the New York Banking community has time to complete > Q2-23 earnings call disclosures. > > As documented in the above 19 references, we feel extra time for public > comment is warranted to ensure that xNY.io - Bank.org did not play a > significant role or otherwise contribute in a meaningful way to the conduct > that led to regulatory action or proceeding without ample notice. > > Per point one of NY-DFS' "Suggested Questions to Facilitate Initial and > Ongoing Assessment of Designated Persons’ Character and Fitness," can you > kindly acknowledge that you have reviewed and understand our appeal seeking > extension for public comment to August 5, 2023? > > We hope to hear from you before June 30, 2023 given obvious factors. > > Sending you the very best regards. > > Thank you, > > Gunnar > > -- > Gunnar Larson > xNY.io | Bank.org > MSc - Digital Currency > MBA - Entrepreneurship and Innovation (ip) > > G(a)xNY.io > +1-917-580-8053 > New York, New York 10001 > >

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