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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.
In a significant en banc decision issued on August 11, 2026, the U.S. Court of Appeals for the Fifth Circuit largely affirmed a district court ruling that invalidated key portions of the federal agencies’ rules governing the calculation of the…
The Federal Trade Commission’s Bureau of Consumer Protection has issued an alert warning consumers about a growing scam in which fraudsters create near-perfect clones of legitimate car dealership websites, sometimes using AI, to trick buyers into paying upfront for vehicles…
On July 20, Pennsylvania Governor Josh Shapiro signed Senate Bill 992 (the Bill) into law, with an effective date of October 19, 2026. The amendments modernize the Telemarketer Registration Act (the Act) for the first time in almost three decades…
In this crossover edition of Moving the Metal: The Auto Finance Podcast and The Consumer Finance Podcast, hosts Brooke Conkle, Chris Capurso, and Chris Willis break down the FTC’s policy statement abandoning disparate impact enforcement under the…
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…
In this crossover edition of Moving the Metal: The Auto Finance Podcast and The Consumer Finance Podcast, hosts Brooke Conkle, Chris Capurso, and Chris Willis break down the FTC’s policy statement abandoning disparate impact enforcement under the…
The District of Columbia’s Medical Debt Mitigation Amendment Act of 2026 is now law, even without the mayor’s blessing. According to a post by Accounts Recovery, Mayor Muriel Bowser returned Bill 26-0438 to Council Chairman Phil Mendelson unsigned, but the…