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To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week.
Welcome to the first issue of the Digital Assets + Blockchain Newsletter. In this newsletter, we’ll track the regulatory, legislative, and enforcement developments reshaping the crypto and digital assets landscape — from the GENIUS Act’s stablecoin framework to the SEC’s and CFTC’s evolving posture on digital commodities to custody rules, licensing regimes, and beyond.
Our Newsletter Is Moving to LinkedIn
To keep receiving your weekly insights, all you need to do is subscribe to our new Consumer Financial Services Weekly Newsletter — it’s quick and easy.
We’ll see you there!
To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week.
Statistics for August 2026 consumer litigation filings are in, and the picture is a mixed one: some statutes rose while others fell. Nonetheless, one trend for 2026 is becoming unmistakable: filings remain up substantially across the board compared to the same period last year.
On September 16, the Conference of State Bank Supervisors (CSBS) released a new supervisory resource designed to help state examiners assess the use and risks of artificial intelligence (AI) at state-chartered banks and state-licensed nonbank financial institutions. The publicly available framework also gives regulated institutions insight into examiners’ general approach, the types of questions they may ask, and the information they may request regarding an institution’s AI-based products, services, and tools.
On September 16, the New York Attorney General’s Office (OAG) announced a settlement with two Westchester County dealerships, resolving allegations of deceptive fee practices under General Business Law § 349 and § 350 and Executive Law § 63(12). The resolution requires more than $1 million in immediate consumer restitution, with additional claims-based payments potentially reaching into the millions, plus $700,000 in penalties. For dealers and finance professionals, the underlying findings are worth attention; the settlement is an illustration of how regulators are analyzing fee disclosure and add-on sales in current enforcement actions.
Business email compromise (BEC) and other third-party fraud inducing funds transfers have generated a wave of litigation against banks: not just those where victims hold accounts, but also against the financial institutions where the funds were transferred, even when the victim is not a customer. A threshold question often arises as to whether the beneficiary bank receiving the funds via a wire transfer owes a noncustomer plaintiff any duty of care at all. Most courts uniformly hold that banks owe no duty of care to noncustomers. But in 2024, in Elkin Valley Baptist Church,the United States District Court for the Western District of Pennsylvania went against the weight of authority and answered that question in plaintiffs’ favor.
On September 17, the U.S. Court of Appeals for the Second Circuit handed down a fantastic ruling for payors defending against private enforcement of No Surprises Act (NSA) independent dispute resolution (IDR) payment determinations. In East Coast Advanced Plastic Surgery, LLC v. Cigna Health & Life Insurance Co., the court held that the NSA does not create a private right of action allowing out-of-network providers to sue health plans that fail to pay IDR payment determinations.
Our Newsletter Is Moving to LinkedIn
To keep receiving your weekly insights, all you need to do is subscribe to our new Consumer Financial Services Weekly Newsletter — it’s quick and easy.
We’ll see you there!
To keep you informed of recent activities, below are several of the most significant federal events that have influenced the Consumer Financial Services industry over the past week.
This article republished on insideARM on September 23, 2026.
If you needed a reminder that state attorneys general are treating unlicensed debt collection as a serious enforcement priority, Massachusetts just delivered one. On August 31, the Suffolk Superior Court entered a Final Judgment by Consent resolving the Massachusetts Attorney General’s long-running case against several debt buyers and their owner. Under the terms of the order, the defendants must pay roughly $52 million in debt relief for more than 6,000 Massachusetts consumers, and permanently cease all debt buying, selling, and collection activities involving Massachusetts consumers.