On September 17, the New York Department of Financial Services (NYDFS) issued a notice advising all state-chartered banks, credit unions, and foreign bank branches licensed in New York to consider integrating blockchain analytics into their compliance and risk frameworks when
On September 16, Oregon Governor Tina Kotek announced three consumer protection laws: Senate Bill 605 on medical-debt credit reporting, House Bill 3178 on auto sales and financing disclosures, and Senate Bill 430 on online pricing transparency. All three bills take
On September 22, the Financial Crimes Enforcement Network proposed to delay the effective date of its Investment Adviser/CFT Program and SAR requirements for registered investment advisers and exempt reporting advisers from January 1, 2026 to January 1, 2028. The notice of
On September 11, the Federal Trade Commission announced final orders permanently banning two individual defendants from the debt relief industry and imposing asset surrender provisions to resolve allegations of a fraudulent student loan forgiveness scheme. The FTC alleged violations of the
On September 12, the U.S. District Court for the Eastern District of Kentucky upheld the Federal Reserve Board’s Regulation II cap on debit-card interchange fees, rejecting a merchant’s Administrative Procedure Act challenge. The court concluded the rule is neither “contrary
On September 9, the California Privacy Protection Agency (CPPA) and the Attorneys General of California, Colorado, and Connecticut announced a joint enforcement sweep targeting businesses that may be failing to honor consumer opt-out requests under state privacy laws. The joint effort
On September 8, 2025, the U.S. District Court for the Western District of Washington denied an earned wage access provider’s motion to dismiss a putative class action brought by a servicemember. The plaintiff alleged that the company’s cash advance product violated
On September 5, the Homebuyers Privacy Protection Act (H.R. 2808) was signed into law. The law amends the Fair Credit Reporting Act to restrict the sale of consumer information generated when borrowers apply for residential mortgage loans.
On September 8, the OCC issued two bulletins addressing banks’ obligations under the Right to Financial Privacy Act and clarifying how the agency will evaluate “politicized or unlawful debanking” in licensing and Community Reinvestment Act (CRA) reviews. The guidance was
