On October 8, the payment processor and North Dakota’s only state-owned bank announced the “Roughrider Coin,” the state’s first stablecoin. The initiative will make Roughrider Coin available to North Dakota banks and credit unions in 2026 as part of the state’s
On October 7, the OCC and FDIC jointly proposed two rules to refocus bank supervision on material financial risks and eliminate “reputation risk” from their oversight frameworks. The first proposal would define the term unsafe or unsound practice under
On October 2, The CFPB finalized a rule extending the compliance deadlines for its 2023 Small Business Lending Data Collection Rule under the Equal Credit Opportunity Act (ECOA) and Regulation B. The final rule confirms the Bureau’s June 2025 interim rule
On September 30, the FTC and the DOJ announced a settlement resolving allegations that a Massachusetts-based disability-advocacy company and its subsidiary violated the Telemarketing Sales Rule and FTC Act. The FTC alleged that the companies unlawfully contacted consumers through robocalls and
On September 23, the Massachusetts Division of Banks finalized amendments to the Small Loans Law, the Truth in Lending Act, and the Mortgage Lender and Broker Licensing Law. The changes update licensing procedures, disclosure rules, and financial-responsibility standards for financial
On September 18, the OCC announced its monthly enforcement actions for September, which included the termination of a 2023 consent order against a national bank and the termination of a 2020 consent order against a federal savings association. Both terminations
On September 23, 2025, the California Privacy Protection Agency (CPPA) announced that the California Office of Administrative Law approved final regulations under the California Consumer Privacy Act (CCPA). The regulations (previously discussed here) cover cybersecurity audits, risk assessments, automated
On September 22, 2025, the CFPB terminated two consent orders, one involving a national bank and the other involving a mortgage servicer. The orders were originally issued under prior administrations and alleged violations of the Home Mortgage Disclosure Act (HMDA), the
On September 25, the CFPB finalized a rule rescinding its several Biden-era amendments to the risk-based supervisory designation process and reinstating the Bureau’s 2013 framework under the Dodd-Frank Act. The rule, effective October 27, restores confidentiality of decisions and orders, revives
