Executive Summary
On October 20, 2026, the New York City Department of Consumer and Worker Protection (DCWP) proposed rules regulating automated customer service systems, including AI-powered chatbots, traditional automated telephone systems, and rules-based chatbots. The proposal would require businesses to
Recently President Trump issued another Executive Order addressing housing costs, along with a related fact sheet.
The Executive Order, entitled Decreasing Housing Costs for the American People, addresses:
Oregon and nine other states argue that the OCC unlawfully preempted state interest-on-escrow laws, that Oregon is a proper venue, and that their challenge to the agency’s authority should proceed. The court expects to rule on the OCC’s motions by
On October 1, the Treasury Department’s Financial Crimes Enforcement Network (FinCEN) Office of Foreign Assets Control (OFAC) took joint actions against the A7 Network, a global financial services infrastructure designed to evade sanctions, “to isolate Iran and its financial enablers,”
The consumer reporting system is undergoing rapid change, raising important questions for financial institutions, consumer reporting agencies, data furnishers, and consumers. In this week’s episode of the Consumer Finance Monitor podcast, our host Alan Kaplinsky (founder, former practice group leader
The Federal Reserve and the FDIC have extended until Nov. 4 the deadline for comments on a proposal governing extension of credit by banks to their executive officers, directors, principal shareholders, and their related interests.
“Since the publication of the
The SEC on September 29, 2026, announced fraud charges against two clusters of entities alleged to have defrauded hundreds of retail investors, including many in the United States, out of at least $15.3 million through what the agency calls “investment
The staff of the Federal Trade Commission has published Frequently Asked Questions (FAQs) to warn the automobile industry that it must comply with FTC Act requirements on vehicle pricing.
The guidance emphasizes that the advertised price of a vehicle must
On October 8, 2026, at the request of Mayor Zohran Mamdani, the New York City Council introduced Int. No. 1105, the POWER (People and Organizations Winning Economic Relief) Act. Sponsored by Council Member Harvey D. Epstein, the bill would
On September 9, 2026, the U.S. Department of the Treasury announced that its Financial Crimes Enforcement Network (“FinCEN”) has identified approximately $17.5 billion in suspicious financial activity potentially linked to health care fraud. The announcement accompanied the release of a
