On April 15, 2022, the CFPB published an article written by Director Rohit Chopra about protecting families and honest businesses from debt collection abuses. Through the article, CFPB announced that it has submitted its annual report to the Congress on the Fair Debt Collection Practices Act (FDCPA).

On April 14, 2022, FinCEN issued an advisory on kleptocracy and foreign public corruption, urging financial institutions to focus their efforts on detecting the proceeds of foreign public corruption, which is a priority for the U.S. government.. The advisory provides typologies and potential indicators of kleptocracy and other forms of foreign public corruption, namely bribery, embezzlement, extortion, and the misappropriation of public assets.

On April 12, 2022, the CFPB filed a lawsuit against TransUnion, two of its subsidiaries, and longtime executive John Danaher for violating a 2017 law enforcement order. The order was issued to stop TransUnion from engaging in deceptive marketing, however, CFPB reports that the company continued its unlawful behavior, disregarded the order’s requirements, and continued employing deceitful digital dark patterns to profit from customers.

On April 8, 2022, Acting Comptroller of the Currency Michael J. Hsu spoke before the Institute of International Economic Law at Georgetown University Law Center, where he shared his thoughts on the architecture of stablecoins.

On April 4, 2022, FinCEN Acting Director Himamauli Das, spoke at the FDIC-FinCEN Digital Identity Tech Sprint Demonstration Day. Das, in his remarks, explained how the Tech Sprint and its focus on digital identity fit into the broader FinCEN picture.

On April 7, 2022, the FDIC published a letter to notify all FDIC-supervised institutions that intend to engage in, or that are currently engaged in, any activities involving or related to crypto assets or “digital assets” should notify the FDIC. FDIC-supervised institutions are requested to provide information described in the letter and the FDIC will review the information and provide relevant supervisory feedback.

On April 8, 2022, the CFPB issued a proposed rule amending Regulation V that would implement amendments to the Fair Credit Reporting Act that assist consumers who are victims of trafficking. The proposed rule would establish a procedure for a victim of trafficking to submit documentation to consumer reporting agencies, including information identifying any adverse item of information about the consumer that resulted from certain types of human trafficking. In addition, the proposed rule would prohibit the consumer reporting agencies from furnishing a consumer report containing the adverse item(s) of information.