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
Latest from Consumer Finance Monitor
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
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
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.
Citing growth of impersonation scams, FTC considers updating rule
Noting that impersonation scams have topped the list of consumer fraud complaints reported to the FTC in recent years, the commission is considering whether to update its Rule on Impersonation of Government and Businesses or take other action to prevent
California Enacts Sweeping New Regulation of Commercial Financing
California has once again expanded its regulation of financial services. On September 30, 2026, Governor Gavin Newsom signed Assembly Bill 2116, which will subject a broad range of commercial financing providers and brokers to licensing, substantive conduct requirements, and
Calling payment processors ‘crucial intermediaries between businesses and consumers,’ FTC cracks down on two companies
Saying that taking action against payment processors is an effective way to reach foreign and domestic businesses that scam consumers, the FTC has announced it has settled with two such processors, Nuvei and Humboldt Merchant Services.
“Payment processors are crucial
Podcast Release: What Are Class Action Waivers Worth? A New Study Looks to the Stock Market for Answers
For decades, the debate over arbitration agreements and class action waivers in consumer financial services contracts has largely played out in courtrooms, before regulators and Congress, and in academic journals. Advocates and critics have debated issues ranging from consumer access