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Libra Association New General Counsel Is Former US Treasury Exec

PYMNTS

has been named general counsel to the Libra Association , a Geneva-based group founded by Facebook to launch the social media company’s digital currency, the organization announced Tuesday (May 19). Attorney’s Office in Connecticut and has worked in a private law firm. Kennedy and late Supreme Court Justice Lewis F.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. And, another legislator, Sen.

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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.

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Facebook CEO Mark Zuckerberg Meets With Lawmakers, President

PYMNTS

Mark Warner of Virginia arranged for a dinner with the social media executive with other senators and told Fox Business Network, according to the report, “Facebook leadership realizes that failure to have federal legislation [on internet issues] is actually going to hurt them and the whole platform industry in the long run.”.

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