Strengthening Compliance: Lessons From the OCC's Consent Order With Patriot Bank — Payments Pros – The Payments Law Podcast
Launching a Product Too Soon? Lessons From Recent CFPB Orders — The Consumer Finance Podcast
Navigating CFPB Enforcement: Key Takeaways From the Global Tel Link Consent Order — Payments Pros – The Payments Law Podcast
Will Resiliency Carry the Digital Asset Sector Through 2024: Federal Legislative Developments and OFAC Consent Orders — The Crypto Exchange Podcast
Takeaways for Banks from the CFPB’s Recent Consent Order on Garnishment Orders
On December 22, 2025, the Federal Trade Commission (FTC) set aside its 2024 consent order against Rytr, a generative AI-powered company, concluding that the original complaint “failed to satisfy the legal requirements of the...more
While much of the country was bundled up in cold winter weather, privacy leaders and regulators braved the icy roads and gathered in our DC office earlier this week for our Privacy State of the Union event....more
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
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
On January 14, 2026, the California Department of Financial Protection and Innovation announced an enforcement action and $500,000 penalty against crypto platform Nexo Capital Inc. for violating California's lender licensing...more
On January 13, the California DFPI entered a consent order with a digital financial asset kiosk operator to stop accepting transactions greater than $1,000 from a customer with the same name in a single day (in violation of...more
Recently, the California DFPI entered a consent order resolving allegations of unlicensed mortgage loan origination activity at a California branch of a Texas-based mortgage company. ...more
On January 16, after identifying repeated violations of the Digital Financial Assets Law (DFAL) and the California Consumer Financial Protection Law (CCFPL), the California DFPI entered a consent order requiring a digital...more
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
On his last day in office, New Jersey Attorney General (AG) Matt Platkin announced a consent order resolving a consumer fraud investigation into Skims Body, Inc. for charging consumers in New Jersey sales tax on items that...more
In this article, we share a timeline of monthly "bites" for 2025 applicable to business transactions....more
In this article, we share a timeline of monthly "bites" for the past year applicable to Payments....more
The CFPB, under former Director Rohit Chopra, regularly engaged in regulatory overreach, the Bureau’s current leadership said in its semi-annual report, covering the period from April 1- September 30, 2024. “As indicated...more
The Federal Trade Commission (“FTC”) has reached a settlement with NextMed (also known as Southern Health Solutions, Inc.), resolving allegations that the telehealth company misled consumers through deceptive advertising,...more
In December, the Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a $3,500,000 civil penalty against Paxful, Inc. and Paxful USA, Inc. (“Paxful”), pursuant to a consent order. Paxful is an...more
In this article, we share a timeline of monthly "bites" for the past year applicable to Mortgage....more
The Federal Trade Commission (FTC) announced a proposed consent order with Illusory Systems Inc. (Illusory), a Utah-based blockchain infrastructure company that operates the Nomad Token Bridge. The settlement resolves the...more
The Federal Trade Commission utilizes a number of remedial theories when attempting to hold a bad actor liable for the actions of a third party. One such theory is known as “means and instrumentalities” liability, where a...more
Have you received a call from an investigator or prosecutor at the Illinois Department of Financial and Professional Regulation (“IDFPR” or “Department”)? While not a welcome event, there are several important things to...more
In a rare course correction, the Federal Trade Commission (FTC) has reopened and vacated its 2024 consent order against Rytr LLC, a generative AI-powered company. The unusual move reflects a significant strategic reset of how...more
In an unusual move, the Federal Trade Commission (FTC) has reopened and set aside a previously finalized consent order against Rytr LLC, an AI-powered writing tool provider, nullifying the case against the company. ...more
On December 22, 2025, the Federal Trade Commission (FTC) announced two actions relating to fake or false consumer reviews: 1. Issuance of a set of warning letters to companies that may be responsible for fake or false...more
The Federal Trade Commission (FTC) has re-opened and set aside its 2024 consent order against generative AI company, Rytr, signaling a shift in how the Commission will approach AI enforcement under President Trump's AI Action...more
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
On December 9, 2025, the US Department of Justice (“DOJ”) announced a guilty plea by a peer-to-peer convertible virtual currency exchange (the “CVC Exchange”) for conspiring to: (i) violate the Travel Act; (ii) operate an...more