The ten states challenging the Office of the Comptroller of the Currency’s (OCC) new interest-on-escrow rules are urging a federal district court to reject the agency’s attempt to delay judicial review of those rules while the U.S. Supreme Court considers
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Greenway Automotive Settles FTC Overcharging Allegations
Greenway Automotive has agreed to settle FTC allegations that the company charged consumers thousands of dollars more than it advertised.
The company has agreed that its advertisements will prominently include the actual price a consumer must pay for a vehicle,
CFPB won’t force employees to move to D.C., The American Banker reports
The CFPB will not force regional workers to move to Washington, D.C., The American Banker reported.
The Bureau had threatened to fire workers who refused to move to D.C.
The CFPB has “no plans in the short term” to reissue
New York County District Attorney Creates Corporate Crime and Antitrust Task Force
Summary
New York County District Attorney Alvin L. Bragg, Jr., recently announced the formation of the office’s first Corporate Crime and Antitrust Task Force to target corporate fraud and misconduct, with a focus on antitrust violations, consumer fraud, and health
New York City Proposes Sweeping Rules for Automated Customer Service Systems, Including Mandatory AI Disclosure and Access to Human Representatives
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
Another Housing Cost Executive Order
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:
- The cancellation of private mortgage insurance on mortgage loans acquired in
States Oppose OCC Bid to Dismiss Mortgage Interest-on-Escrow Lawsuit Challenging New OCC Regulations
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
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