On September 30, Governor Newsom signed Assembly Bill 2116, a significant expansion of the California Financing Law (CFL) that brings additional categories of small-business commercial financing under state licensing requirements and increases consumer protections for the transactions. This development
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
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 8, the Federal Trade Commission (FTC) filed a complaint and simultaneous stipulated order against a network of more than 35 dealerships in central Florida, the first such action against a dealership group in direct response to the FTC’s
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
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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
