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News & Updates
Do You Know How to Spot SARMs?
In April, the US Senate introduced the SARMs Control Act of 2018, which would empower the Drug Enforcement Administration (DEA) to regulate selective androgen receptor modulators (SARMs) as an extension of the Designer Anabolic Steroids Control Act of 2014. Few people understand what SARMs are, and even fewer know how to spot them. This becomes…
FDA Warning Letters for Kratom Merchants Could Mean Steep Fines for Payment Processors
The US Food and Drug Administration recently issued warning letters to three businesses marketing and distributing kratom for making unproven claims about their products on their websites and social media, including the claim it can help in the treatment of opioid addiction and withdrawal. These claims make the products unapproved new drugs sold in violation…
How Does the Partial Rollback of Dodd-Frank Affect Payment Facilitators and UDAAP?
The US House of Representatives voted this week to repeal parts of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the 2010 legislation that brought significant changes to financial regulation in the United States after the Great Recession. Because Dodd-Frank led to the creation of the Consumer Financial Protection Bureau (CFPB), payment facilitators and…