The House Financial Services Committee on September 16 approved H.R. 10184, the Consumer Financial Protection Accountability and Reform Act of 2026, by a 28-21 vote. The legislation, sponsored by Rep. Andy Barr (R-Ky.), would make significant changes to the structure,
Latest from Consumer Finance Monitor - Page 3
House Financial Services Committee Advances DIDMCA Opt-Out Clarification Bill
On September 16, 2026, the House Financial Services Committee (Committee) approved H.R. 7866, the American Lending Fairness Act of 2026, legislation introduced by Rep. Warren Davidson (R-Ohio) and Rep. Andy Barr (R-KY) that would address the effect of state
CSBS Releases Artificial Intelligence Supervisory Framework for State Examiners
The Conference of State Bank Supervisors (CSBS) on September 16, 2026 released an Artificial Intelligence Supervisory Framework designed to help state financial examiners identify and understand how the bank and non-bank institutions they regulate are using artificial intelligence, assess the
Senate Banking Committee Advances Brian Johnson’s Nomination to Lead CFPB
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
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
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)
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