A Look at Recent Federal Trade Commission and Consumer Financial Protection Bureau Initiatives Concerning Privacy and Data Security
The Consumer Financial Protection Bureau (CFPB) is once again at the center of a heated debate as it reconsiders its Personal Financial Data Rights (PFDR) Rule under Section 1033 of the Dodd-Frank Act. The Bureau’s Advance...more
On October 23, 2025, Department of Energy Secretary Chris Wright, relying on his authority under Section 403 of the Department of Energy Organization Act, directed the Federal Energy Regulatory Commission (the “Commission” or...more
By letter dated October 23, 2025, Department of Energy (“DOE”) Secretary Chris Wright (“the Secretary”) directs the Federal Energy Regulatory Commission (“FERC”) to act to accelerate the interconnection of large retail loads,...more
Late last month, California Attorney General Rob Bonta, along with Democrat attorneys general from 18 other states and the District of Columbia, sent multiple letters to the Consumer Protection Financial Bureau opposing...more
On Oct. 23, 2025, the Department of Energy (DOE) sent the Federal Energy Regulatory Commission (FERC) a proposed Advanced Notice of Proposed Rulemaking (ANOPR) related to the interconnection of large loads and directed FERC...more
Noting the Trump Administration’s commitment to revitalizing domestic manufacturing and driving artificial intelligence innovation, the Department of Energy (“DOE”) is pushing the Federal Energy Regulatory Commission (“FERC”)...more
On October 23, 2025, Department of Energy ("DOE") Secretary Chris Wright sent a letter to the Federal Energy Regulatory Commission ("FERC" or "Commission") directing it to initiate a rulemaking to accelerate the...more
Citing unprecedented electricity demand stemming from data centers and related domestic manufacturing, the US Secretary of Energy submitted a letter and proposed rulemaking to the Federal Energy Regulatory Commission (FERC)....more
On October 23, 2025, the Secretary of the U.S. Department of Energy (DOE) directed the Federal Energy Regulatory Commission (FERC) to conduct a rulemaking to assert jurisdiction over load interconnections to the bulk electric...more
On October 23, 2025, the Secretary of Energy (“Secretary”) invoked a rarely utilized provision of the Department of Energy Organization Act (“DOE Act”), directing the Federal Energy Regulatory Commission (“FERC”) to initiate...more
The Consumer Financial Protection Bureau (CFPB) has once again found itself at the center of an intense policy debate. ...more
The Consumer Financial Protection Bureau’s recently announced intent to revise its personal financial data rights rules has cast a shadow on the future of open banking regulations in the U.S. Despite the overwhelming...more
We’re pleased to share the October edition of our Financial Regulatory Roundup Newsletter, highlighting key developments shaping the financial regulatory landscape. In the latest issue we discuss: - NYDFS Issues Two...more
On October 1, the Treasury published a notice in the Federal Register that it will extend the comment period for its advance notice of proposed rulemaking implementing the GENIUS Act by 15 days, to November 4. The extension...more
Two state attorneys general took actions in September to protect kids by requiring businesses to, among other things, verify the ages of their users. Specifically, Florida Attorney General James Uthmeier sued certain...more
The request for comment aims to help Treasury devise clear guidelines for stablecoin issuers, promote international coordination, and protect consumers from potential risks....more
The regulatory landscape for stablecoins continues to evolve rapidly, and the U.S. Department of the Treasury’s (“Treasury”) recent advance notice of proposed rulemaking (ANPRM) on GENIUS Act implementation marks another...more
On Sept. 18, the U.S. Department of the Treasury (Treasury) released an advance notice of proposed rulemaking (Notice) inviting public comment on its upcoming regulations under the Guiding and Establishing National Innovation...more
On September 18, the Treasury published an advance notice of proposed rulemaking in the Federal Register to solicit comments on the implementation of the GENIUS Act, which provides a comprehensive framework for regulating...more
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more
On September 19, the U.S. Department of the Treasury issued an Advance Notice of Proposed Rulemaking (ANPRM) seeking public input on the implementation of the Guiding and Establishing National Innovation for U.S. Stablecoins...more
The CFPB is considering proposing amendments to Regulation V, which implements the Fair Credit Reporting Act (FCRA), to address concerns related to information furnished to consumer reporting agencies regarding coerced debt. ...more
Now that the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act has now been enacted into law, the focus moves to the agency rulemaking that will implement it. On September 18, 2025, the U.S....more
The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 but have been mired in...more