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
Ballard Spahr LLP Blogs
Latest from Ballard Spahr LLP
Targeting Iran Finance, Treasury Sanctions Russia-Linked Sanctions Evasion A7 Network
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,”
Podcast Release: The Future of Consumer Reporting with CDIA President Dan Smith
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
Fed, FDIC extend deadline for comments on extension of credit to bank officials
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
SEC Charges WhatsApp-Driven Crypto Fraud Schemes Totaling Over $15 Million
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
FTC warns auto dealers about price transparency
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
New York City’s Proposed POWER Act Would Create an Expansive Municipal Private Right of Action for Unfair and Abusive Business Practices, Unfair Methods of Competition, and Unlawful Acts
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
FinCEN Targets $17.5 Billion in Suspected Health Care Fraud
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
Podcast Release: The Supreme Court Opinions in Trump v. Slaughter and Trump v. Cook: What Do They Mean for the Future of the Administrative State?
The Supreme Court’s June 29, 2026 decisions in Trump v. Slaughter and Trump v. Cook raise fundamental questions about presidential power, the independence of federal agencies, and the constitutional structure of the administrative state. Although both cases involved the President’s
Podcast Release: Consumer Financial Services Litigation Series – Episode 1: Pro Se Plaintiffs
Artificial intelligence is increasingly changing single‑plaintiff consumer litigation, particularly by enabling pro se plaintiffs to file longer, more citation‑dense complaints more quickly, while simultaneously giving defense counsel tools to assess cases, identify weaknesses, and pursue early resolution or dismissal strategies.