Company: FLDDW
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006075
Chunk: 336

Company: Fold Holdings, Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 336
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 our relationship with Sutton Bank, many laws and regulations that apply directly to Sutton Bank indirectly impact us (and our products), and our partnership with Sutton Bank is subject to the supervision and enforcement authority of the FDIC and the Ohio Department of Commerce. Fold complies with all FDIC rules regarding the display of statements concerning FDIC standards on our website and our application. We ensure that no information regarding the FDIC logo and insurance is misrepresented to our customers as we are a financial services platform and not a FDIC insured bank. State Money Transmission and Virtual Currency Laws As noted above, our Bitcoin Service Providers are considered “financial institutions” under the Bank Secrecy Act and the regulations thereunder and are each required to be registered as a “money service business” with the Financial Crimes Enforcement Network, an agency of the U.S. Treasury. In addition, they are subject to state laws related to money transmission, which may require them to be licensed in individual states. Finally, certain states have adopted laws or regulations that are specific to virtual currency -relatedactivities within that state or with residents of that state. For example, in 2014 New York adopted regulations requiring firms engaged in virtual currency -relatedactivities with New York residents to become licensed and to be subject to regulations and supervision imposed by the New York Department of Financial Services. We do not provide bitcoin related services to customers resident in states where neither of our Bitcoin Service Providers has the required license. Consumer Financial Protection Bureau (CFPB) Regulations The CFPB oversees financial institutions to ensure adherence to federal consumer financial laws. We are required to stay abreast of CFPB’s constantly changing rules and regulations to safeguard consumers and ensure that our marketing communications on social media, blogs, and websites are not considered deceptive, abusive, or unfair. Clear and Transparent Communication: •All marketing materials must clearly and transparently disclose product terms and conditions. •Regularly review and update content to stay compliant. 208 Regular Audits: •Work with our bank partners to conduct regular audits. •Identify and rectify any potentially unfair or deceptive practices. Timely and Understandable Documentation: •Ensure all documents are easily understood and provided within the required timeframes. •Provide consumers with clear information about their debt and rights. Staff Training: •Regularly train staff on non -discriminatorypractices and policies. •Provide easy -to-understanddisclosures and maintain open communication lines for any consumer inquiries. Fold has aligned its policies with CFPB regulations to protect consumer rights and maintain compliance with our