On October 14, the Office of the Comptroller of the Currency (OCC) released its final report on the results of its review of debanking at the nine then-largest national banks under its supervision by asset size, as part of its
The Consumer Financial Services Law Monitor, published by Troutman Pepper Locke, covers legal developments and regulatory updates affecting consumer financial services. Topics include state and federal regulatory actions, enforcement trends, and litigation impacting lending, housing, employment discrimination, financial institutions, and fintech innovations. The blog addresses issues such as disparate impact rules, administrative law challenges involving agencies like the CFPB, regulatory compliance deadlines, and risk mitigation strategies. It also discusses legislative initiatives, financial fraud in auto lending, and the intersection of consumer finance with emerging technologies like artificial intelligence and digital assets.
On October 6, the Colorado Department of Law (DOL) released an interim draft of its proposed rules implementing the Automated Decision-Making Technology in Consequential Decisions Act (ADMT Act) and the Conversational Artificial Intelligence Services Act (Chatbot Safety Act) (the Interim…
In this episode of The Consumer Finance Podcast, host Chris Willis is joined by partners Erin Edwards, Jason Manning, and Joe DeFazio, along with special guest Matt Brooks, a partner in Troutman Pepper Locke’s Bankruptcy…
On October 9, Michigan Governor Gretchen Whitmer signed Senate Bill 198 into law as Act No. 113 of the Public Acts of 2026, enacting the Motor Vehicle Dealer Data Collection Act. The law took effect immediately upon signing and establishes…
In this episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso break down the FTC’s newly released 14-question FAQ guide on auto price advertising transparency, the follow-up to the agency’s “notorious 97” warning…
On October 1, the Consumer Financial Protection Bureau (CFPB or Bureau) released its Fair Lending Report for 2025, documenting a significant overhaul of the Bureau’s fair lending program under current leadership. The report describes a deliberate pivot away from…
In this special crossover episode of The Consumer Finance Podcast and Regulatory Oversight, Chris Willis, Stefanie Jackman, and Mike Yaghi discuss California Governor Gavin Newsom’s appointment of former CFPB Director Rohit Chopra to lead the state’s newly…
On September 21, a federal judge in the U.S. District Court for the District of Maryland denied class certification in a putative class action under the Telephone Consumer Protection Act (TCPA), which restricts automated and prerecorded calls to cell phones.…