According to news reports, on January 29, senior officials at the Consumer Financial Protection Bureau announced internally that the agency will significantly reduce its supervisory examinations and conduct all reviews...more
On February 10, Chief Judge Virginia M. Kendall of the United States District Court for the Northern District of Illinois issued a Memorandum Opinion and Order resolving cross-motions for summary judgment concerning the...more
2/13/2026
/ Banking Sector ,
Banks ,
Data Privacy ,
Data Use Policies ,
Federal Court Litigation ,
Federal v State Law Application ,
Financial Institutions ,
Financial Services Industry ,
Illinois ,
Injunctions ,
Interchange Fees ,
Motion for Summary Judgment ,
National Bank Act ,
New Legislation ,
Payment Systems ,
Permanent Injunctions ,
Preemption ,
State Legislatures
On January 27, FINRA released a discussion of agentic AI, describing how member firms are beginning to experiment with autonomous AI systems and identifying supervisory considerations associated with those early deployments....more
2/9/2026
/ Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Data Management ,
Data Privacy ,
Emerging Technologies ,
Financial Industry Regulatory Authority (FINRA) ,
Financial Services Industry ,
Guidance Documents ,
Innovative Technology ,
Regulatory Oversight ,
Risk Management ,
Supervision
On January 23, the U.S. Senate Committee on Banking, Housing, and Urban Affairs announced that Senator Elizabeth Warren sent a letter to CFPB Acting Director Russell Vought, urging the Bureau to take more aggressive action to...more
2/9/2026
/ Consumer Financial Products ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Credit Cards ,
Enforcement Actions ,
Fees ,
Interest Rates ,
Regulatory Oversight ,
Rulemaking Process ,
Truth in Lending Act (TILA) ,
Unfair or Deceptive Trade Practices
On December 17, 2025, the New Jersey Attorney General announced that the Division on Civil Rights adopted new rules clarifying disparate impact discrimination liability under the New Jersey Law Against Discrimination. The...more
Recent congressional debate over the proposed CLARITY Act has highlighted a pivotal issue in stablecoin regulation: whether stablecoin issuers, or the exchanges and other third parties that distribute their tokens, should be...more
1/30/2026
/ Banking Sector ,
Banks ,
Blockchain ,
Community Banks ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
New Legislation ,
Payment Systems ,
Proposed Legislation ,
Regulatory Reform ,
Senate Banking Committee ,
Stablecoins ,
The GENIUS Act
On January 16, the DFPI entered into a consent order with a digital financial asset kiosk operator, based on DFPI’s allegations that the operator violated the Digital Financial Assets Law (DFAL), the California Consumer...more
1/30/2026
/ Anti-Money Laundering ,
Bank Secrecy Act ,
California ,
Consent Order ,
Cryptocurrency ,
Department of Financial Protection and Innovation (DFPI) ,
Digital Assets ,
Disclosure Requirements ,
Enforcement Actions ,
Fees ,
Penalties
On January 14, the NCUA issued a letter outlining its supervisory priorities and examination program updates for 2026. The letter emphasizes risk-focused supervision, continued reliance on defined-scope examinations for...more
1/30/2026
/ Bank Secrecy Act ,
BSA/AML ,
Credit Unions ,
Cybersecurity ,
Interest Rates ,
Lending ,
Liquidity ,
NCUA ,
Payment Systems ,
Regulatory Oversight ,
Risk Management ,
Stablecoins ,
Supervision ,
Supervisory Guidance
On December 31, the DFPI entered into a consent order with a residential mortgage lender to resolve allegations of unlicensed mortgage loan origination activity under the California Financing Law and the California...more
1/30/2026
/ Audits ,
California ,
Consent Order ,
Department of Financial Protection and Innovation (DFPI) ,
Enforcement Actions ,
Licensing Rules ,
Mortgage Lenders ,
Mortgage Loan Originators ,
Mortgages ,
Penalties ,
Regulatory Oversight ,
Unlicensed Professionals
On January 13, the FTC announced that it had filed a combined motion in the U.S. District Court for the District of Nevada seeking to hold a payment processor and its executives in civil contempt for alleged violations of a...more
1/30/2026
/ Civil Contempt Orders ,
Due Diligence ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Fraud ,
Injunctions ,
Injunctive Relief ,
Payment Processors ,
Payment Systems ,
Receivership ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Unfair or Deceptive Trade Practices
On January 13, the Maryland Office of Financial Regulation finalized regulations implementing Maryland’s virtual currency kiosk statute. The rules establish a detailed framework governing the registration and operation of...more
1/26/2026
/ Anti-Money Laundering ,
Consumer Protection Laws ,
Cryptocurrency ,
Final Rules ,
FinTech ,
Fraud ,
Fraud Prevention ,
Maryland ,
Money Transmission Act ,
New Regulations ,
Registration Requirement ,
Regulatory Requirements ,
Reporting Requirements ,
State and Local Government ,
Virtual Currency
On January 6, the U.S. Court of Appeals for the Eleventh Circuit largely affirmed an FTC enforcement action under Section 5 of the FTC Act, upholding summary judgment and a permanent injunction against a corporate payments...more
1/26/2026
/ Appeals ,
Consumer Protection Laws ,
Disclosure Requirements ,
Enforcement Actions ,
False Advertising ,
Federal Trade Commission (FTC) ,
FTC Act ,
Informed Consent ,
Injunctions ,
Late Fees ,
Permanent Injunctions ,
Section 5 ,
Summary Judgment ,
Unfair or Deceptive Trade Practices
On January 14, the DFPI announced a consent order requiring a crypto lending platform to pay $500,000 in penalties for alleged violations of the California Financing Law and the California Consumer Financial Protection Law....more
1/26/2026
/ California ,
Consent Order ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
Cryptoassets ,
Cryptocurrency ,
Department of Financial Protection and Innovation (DFPI) ,
Digital Assets ,
Enforcement Actions ,
Loans ,
Penalties ,
Regulatory Oversight
President Donald Trump has announced a proposed cap on credit card interest rates and voiced support for legislation addressing credit card transaction fees. The statements were made in two separate posts on a social media...more
1/16/2026
/ Banking Sector ,
Competition ,
Consumer Financial Products ,
Consumer Protection Laws ,
Credit Cards ,
Executive Orders ,
Fees ,
Financial Services Industry ,
Interchange Fees ,
Interest Rates ,
Payment Systems ,
Proposed Legislation ,
Regulatory Reform ,
Trump Administration
On January 5, New York City Mayor Zohran Mamdani issued two executive orders aimed at increasing scrutiny of pricing practices that the City views as contributing to affordability concerns. Executive Order 9 addresses certain...more
1/16/2026
/ Compliance Monitoring ,
Consumer Protection Laws ,
Disclosure Requirements ,
Enforcement Actions ,
Excessive Fees ,
Executive Orders ,
Fees ,
Government Agencies ,
Hidden Fees ,
Regulatory Oversight ,
State and Local Government ,
Subscription Services ,
Transparency ,
Unfair or Deceptive Trade Practices
On January 9, CFPB Acting Director Russel Vought submitted a $145 million funding request to Federal Reserve Board Chair Jerome Powell for the CFPB’s second quarter of fiscal year 2026. The notice states the submission was...more
On January 7, the NYDFS finalized a rule amending its banking regulations to implement New York’s state Community Reinvestment Act requirements for certain nonbank mortgage lenders. The rule requires DFS to review how covered...more
1/16/2026
/ Banking Sector ,
Community Reinvestment Act ,
Disclosure Requirements ,
Fair Lending ,
Final Rules ,
HMDA ,
Mortgage Lenders ,
New Regulations ,
New York ,
Nonbank Firms ,
NYDFS ,
Regulatory Oversight ,
State and Local Government
On January 12, the CFPB and DOJ withdrew their October 2023 joint statement addressing how creditors’ consideration of immigration or citizenship status may intersect with the ECOA. The joint statement, published in the...more
1/16/2026
/ Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Consumer Protection Laws ,
Creditors ,
Department of Justice (DOJ) ,
Discriminatory Lending Practices ,
ECOA ,
Fair Lending ,
Non-Citizens ,
Regulation B ,
Regulatory Reform ,
Statutory Interpretation ,
Underwriting
On December 30, Baltimore Mayor Brandon M. Scott announced that the City of Baltimore filed a civil action against a fintech provider offering small-dollar cash advance products, alleging violations of the Baltimore Consumer...more
1/9/2026
/ Consumer Lenders ,
Consumer Protection Laws ,
Earned Wage Access ,
Enforcement Actions ,
Fees ,
FinTech ,
Interest Rates ,
Overdraft Fees ,
Payday Loans ,
Regulatory Oversight ,
State and Local Government ,
Unfair or Deceptive Trade Practices
On March 15, 2026, certain providers of commercial financing must submit an annual Commercial Financing Annual Report to the California Department of Financial Protection and Innovation pursuant to the California Consumer...more
On December 30, the U.S. District Court for the District of Columbia ordered that the CFPB must continue requesting funding from the Board of Governors of the Federal Reserve System under the statutory funding framework...more
1/9/2026
/ Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Dodd-Frank ,
Enforcement ,
Federal Funding ,
Federal Reserve ,
Government Agencies ,
Judicial Authority ,
Regulatory Agencies ,
Regulatory Authority ,
Regulatory Oversight ,
State Attorneys General ,
Statutory Interpretation
On December 23, the CFPB issued an advisory opinion stating earned wage access products fall outside the definition of credit under TILA’s Regulation Z, withdrawing a Biden-era proposed interpretive rule that identified all...more
12/26/2025
/ Advisory Opinions ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Earned Wage Access ,
Financial Services Industry ,
FinTech ,
Lenders ,
New Guidance ,
Proposed Rules ,
Regulation Z ,
Regulatory Requirements ,
Statutory Interpretation ,
Truth in Lending Act (TILA)
On December 19, New York Governor Kathy Hochul signed into law S8416, amending New York’s General Business Law to enact the Fostering Affordability and Integrity Through Reasonable Business Practices Act. The law expands the...more
12/26/2025
/ Abusive Acts ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Enforcement Actions ,
Enforcement Authority ,
New Legislation ,
New York ,
Regulatory Authority ,
Regulatory Reform ,
State and Local Government ,
State Attorneys General ,
Unfair or Deceptive Trade Practices
On December 8, the Oregon Department of Consumer and Business Services entered into a consent order with two affiliated companies resolving allegations of violations of the Oregon Consumer Finance Act arising from a bank...more
12/26/2025
/ Banks ,
Consent Order ,
Consumer Protection Laws ,
Enforcement Actions ,
FinTech ,
Interest Rates ,
Loans ,
Nonbank Firms ,
Oregon ,
Penalties ,
Regulatory Oversight ,
State and Local Government ,
State Regulators ,
Unfair or Deceptive Trade Practices ,
Usury
On December 9, FinCEN announced a consent order imposing a $3.5 million civil money penalty on a peer-to-peer virtual asset trading platform, alleging willful violations of the Bank Secrecy Act. FinCEN alleged that the...more
12/19/2025
/ Anti-Money Laundering ,
Bank Secrecy Act ,
BSA/AML ,
Cryptocurrency ,
Digital Assets ,
Enforcement Actions ,
Financial Crimes ,
FinCEN ,
Money Laundering ,
Peer-to-Peer ,
Penalties ,
Suspicious Activity Reports (SARs) ,
Virtual Currency