The Senate Banking, Housing, and Urban Affairs Committee voted 13-11 along strict party lines on September 17 to advance Brian Johnson’s nomination to become Director of the Consumer Financial Protection Bureau (CFPB). The vote took place during an Executive Session
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FinCen Renews its Focus on Minnesota
On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (“FinCEN”) renewed its Geographic Targeting Order (“GTO”) Imposing Recordkeeping and Reporting Requirements on Certain Financial Institutions in Minnesota. The GTO requires financial institutions located in Hennepin
The End of Shopping? Agentic AI and the Future of Consumer Financial Services Introduction
Artificial intelligence is rapidly moving from helping consumers make purchasing decisions to making those decisions for them. So-called “agentic AI” or “AI shopping agents” could search for financial products, compare prices and terms, negotiate with providers, open or close accounts,
Banking Agencies Propose More Prescriptive Third-Party Risk Management Framework
Proposed guidance would require specific elements in bank policies and programs and could give added significance to FDIC’s proposed industry standard-setting organization
Executive Summary
The federal banking agencies have proposed new third-party risk management guidance that is more prescriptive than
Senate Banking, Housing, and Urban Affairs Committee to Vote Tomorrow on Brian Johnson’s Nomination to Become Director of the CFPB
The Senate Banking, Housing, and Urban Affairs Committee (Committee) has scheduled an Executive Session for Thursday, September 17, 2026, at 10:00 a.m. in Dirksen Senate Office Building, Room 538. The agenda expressly includes:
- S. 4395, Terrorism Risk Insurance Program Reauthorization
NLRB Division of Advice: Employee Gaza Protests are Not Protected Activity
In a National Labor Relations Board (NLRB) Division of Advice memorandum recently released to the public, although in redacted form, the Division of Advice said that one of the world’s largest software companies did not violate the law by firing
FTC Bureau of Consumer Protection Launches New Program Inviting Industry and the Public to Identify Problems with FTC Rules
On September 10, 2026, the FTC’s Bureau of Consumer Protection (BCP or Bureau) announced a new BCP Rule Guidance Program (Program) that gives businesses, trade associations, and other stakeholders a new mechanism for bringing problems with FTC rules directly to
MBA Sues New Jersey Over Disparate Impact Rule
The Mortgage Bankers Association (MBA) recently filed a lawsuit in the U.S. district court for the district of New Jersey challenging the disparate impact rules adopted by the state.
In December 2025, the New Jersey Division on Civil Rights (DCR)
Ninth Circuit Blocks FinCEN’s Border Geographic Targeting Order
On July 13, a divided Ninth Circuit panel upheld a lower court order that barred enforcement of FinCEN’s border Geographic Targeting Order (“GTO”). The GTO would have forced money services businesses (“MSBs”) in 30 ZIP codes along the U.S.-Mexico border
FTC, State of Connecticut secure $4 million settlement with vehicle dealership
The Federal Trade Commission and state of Connecticut recently secured a $4 million settlement with Chase Nissan LLC and its owners and management over allegations that the business was collecting fees without consumer authorization, including double charging for “certified pre-owned