Consumer Financial Services Law Monitor

Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues

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.

Latest from Consumer Financial Services Law Monitor - Page 5

On August 26, New York State Senator Zellnor Myrie introduced Senate Bill S10688, legislation that would enact an express “opt out” from key provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA), purporting to impose…