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Consumer Financial Services Law Monitor Blog

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CFPB’s Reg B Final Rule: Disparate Impact Liability Out, Discouragement Standard Narrowed, and SPCPs in the Crosshairs

USA - May 21 2026 In this Episode of The Consumer Finance Podcast, Chris Willis, Lori Sommerfield, Taylor Gess, and Lane Page discuss the CFPB’s sweeping final…

The Governor’s Veto of Virginia’s Proposed Class Action Bill: What Businesses Should Know

USA - May 20 2026 On May 19, Virginia Governor Abigail Spanberger (D) indicated that she intends to veto SB 229, a pending bill which would have created a Virginia…

President Trump Orders Federal Regulators to “Break Barriers” for Fintech and Revisit Fed Access for Non-Banks

USA - May 20 2026 Yesterday, President Trump signed an Executive Order titled “Integrating Financial Technology Innovation into Regulatory Frameworks.” The Order…

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter - May 19, 2026

USA - May 19 2026 To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial…

OCC Finalizes Escrow Rules to Further Strengthen Federal Preemption

USA - May 19 2026 On May 15, the Office of the Comptroller of the Currency (OCC) finalized two closely linked rules on mortgage escrow accounts that respond directly…

FTC Targets Shutterstock’s “Negative Option” Subscriptions in $35 Million Settlement

USA - May 18 2026 On May 13, the Federal Trade Commission (FTC) filed and simultaneously settled a lawsuit against online digital photo and video platform Shutterstock…

New York City Proposed “Click to Cancel” Rule Marks First Municipal Effort to Regulate Automatic Subscription Renewals

USA - May 15 2026 Marking the latest development in the trend toward increased regulation of automatically renewing subscription offers, on April 8, the New York City…

Why the Consumer Reporting System Is So Important

USA - May 14 2026 In this Episode of The Consumer Finance Podcast, Chris Willis talks with Dan Smith, president and CEO of the Consumer Data Industry Association…

Colorado Rewrites Its AI Law

USA - May 13 2026 On May 12, the Colorado legislature passed Senate Bill 26‑189, a substantial rewrite of its 2024 law establishing consumer protections for artificial…

Governor Newsom Taps Former CFPB Director Rohit Chopra to Lead New Business and Consumer Super‑Agency in California

USA - May 13 2026 Yesterday, California Governor Gavin Newsom announced the appointment of Rohit Chopra, former Director of the Consumer Financial Protection Bureau…