Topics

ALL CFS Blog Entries

SEC – CFTC Harmonization Event Rescheduled to Jan. 29Insights from the CFPB's Latest Report on Credit Invisibility

All Entries

President Trump Issues Executive Order 14406 to Restore Integrity to America’s Financial SystemTroutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2, 2026

Arbitration

The Governor's Veto of Virginia's Proposed Class Action Bill: What Businesses Should KnowVirginia's New Arbitration Fairness Act: What Businesses Need to Know About SB 227

Auto Finance

Kicking the Tires on Kentucky: SB 158 and the Add-On Product RevolutionVirginia Federal District Court Confirms FCRA Doesn’t Reach Legal Disputes Over Loan Enforceability

Background Screening

Nationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA ReformFTC and Arizona AG Reach $2.6 Million Settlement with Motor Vehicle Dealer Over Alleged Deceptive and Discriminatory Sales and Financing Practices

Banking

President Trump Issues Executive Order 14406 to Restore Integrity to America’s Financial SystemConsumer Advocacy Groups and Other Plaintiffs Challenge CFPB’s Regulation B (Subpart A) Overhaul

Bankruptcy

Bankruptcy 101 for Consumer Creditors: Automatic Stays, Discharge Injunctions, and Common PitfallsTurning Point for Digital Assets: 2025 Year in Review and What Comes Next

Better Business Bureau (BBB)

Join Us on August 10 for a Webinar on A Review of the New York Cybersecurity FrameworkBetter Business Bureau Data Show Sharp Decline in Debt Collection Complaints

Class Actions

Fifth Circuit Holds TCPA Does Not Require Prior Express Written Consent for Telemarketing CallsIllinois Supreme Court Redefines Concrete Injury Requirement in No-Injury Cases

Consumer Financial Protection Bureau (CFPB)

April 2026 Consumer Litigation Filings: All Major Statutes Up for the First Time in Over a YearConsumer Advocacy Groups and Other Plaintiffs Challenge CFPB’s Regulation B (Subpart A) Overhaul

Consumer Financial Services

FCC Proposes Enhanced "Know-Your-Customer" Rules for Voice Providers to Combat Illegal Robocalls2025 Consumer Financial Services Year in Review and a Look Ahead

COVID-19

New York Federal Court Finds Failure to Review Account Notes When Investigating a Dispute Could Be Considered Reckless Under the FCRANinth Circuit Rejects Constitutional Challenge to Nevada Medical Debt Legislation; Also Finds Legislation Not Preempted by FDCPA or FCRA

Credit Reporting + Data Brokers

Nationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA ReformWhy the Consumer Reporting System Is So Important

Dear Mary (Advice Column)

When to Notify Your Cyber Carrier of a Security IncidentSEC Cybersecurity Incidents Disclosures: Materiality, Decryptors, and Ransom Payments

Debit + Prepaid Cards

CFPB Releases Semiannual Regulatory Agenda Amid House Financial Services Committee Leaders' Calls to Halt RulemakingCFPB Finalizes Rule on Overdraft Fees for Large Financial Institutions

Debt Buyers + Collectors

Charting a Course for Collections: Diagnosing Compliance and Privacy Risks in Medical DebtPoint-of-Sale Finance Series: Evolving Collection Rules Impacting Creditors

Depository Institutions

President Trump Orders Federal Regulators to "Break Barriers" for Fintech and Revisit Fed Access for Non-BanksTenth Circuit Grants En Banc Rehearing in Colorado DIDMCA Opt-Out Case, Vacating Prior Panel Decision

Digital Assets + Fintech

President Trump Orders Federal Regulators to "Break Barriers" for Fintech and Revisit Fed Access for Non-BanksColorado Rewrites Its AI Law

Events + Webinars

Join Us at the OLA Legal Issues Conference for a Panel on Federal Enforcement in 2023Join Us September 24, 2022, for the 16th Annual National Conference of Vietnamese American Attorneys

Fair Lending

President Trump Issues Executive Order 14406 to Restore Integrity to America’s Financial SystemConsumer Advocacy Groups and Other Plaintiffs Challenge CFPB’s Regulation B (Subpart A) Overhaul

FCRA

April 2026 Consumer Litigation Filings: All Major Statutes Up for the First Time in Over a YearNationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA Reform

FCRA Focus

Nationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA ReformCalifornia DFPI's Next Target: Credit Reporting Industry

FDCPA

April 2026 Consumer Litigation Filings: All Major Statutes Up for the First Time in Over a YearMarch Consumer Litigation Filings: TCPA Cools Off Slightly, FCRA/FDCPA and CFPB Complaints Heat Up

Featured Posts

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 2, 2026Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – May 27, 2026

Federal Trade Commission (FTC)

FTC Targets Shutterstock's "Negative Option" Subscriptions in $35 Million SettlementPrice Tags and Pitfalls: Inside the FTC–Maryland Dealer Smackdown

Health Care

Charting a Course for Collections: Diagnosing Compliance and Privacy Risks in Medical DebtSixth Circuit Holds Tennessee PBM Network and Steering Rules Are ERISA‑Preempted

Investors

Turning Point for Digital Assets: 2025 Year in Review and What Comes NextSEC Dismisses Ripple Labs Executives After Losing Bid for Interlocutory Appeal

Military Lending

Navigating the Servicemembers Civil Relief Act: Protections and Litigation TrendsEarned Wage Access Product Deemed Credit Under MLA, Leading Federal District Court to Deny Motion to Compel Arbitration

Mortgage Lending, Servicing + Banking

Virginia Federal District Court Confirms FCRA Doesn’t Reach Legal Disputes Over Loan EnforceabilityOCC Finalizes Escrow Rules to Further Strengthen Federal Preemption

Moving the Metal

Kicking the Tires on Kentucky: SB 158 and the Add-On Product RevolutionFraud on the Front Line: How Dealers Are Fighting Emerging Auto Finance Scams

Online Lending

DOJ Extends Title II ADA Web Accessibility Rule Compliance Deadlines for State and Local GovernmentsKansas Governor Enacts Significant Changes to Kansas Mortgage Business Act and Uniform Consumer Credit Code

Payment Processing + Cards

The Debanking Debate: Regulators, Risk, and Reality for PaymentsPresident Trump Orders Federal Regulators to "Break Barriers" for Fintech and Revisit Fed Access for Non-Banks

Payments Pros

The Debanking Debate: Regulators, Risk, and Reality for PaymentsPoint-of-Sale Finance Series: Evolving Collection Rules Impacting Creditors

Podcasts

Nationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA ReformThe Debanking Debate: Regulators, Risk, and Reality for Payments

Privacy + Cyber

Colorado's New ADMT Act: Repeal of the 2024 AI Law, Expanded Coverage, and What It Means for Financial ServicesCharting a Course for Collections: Diagnosing Compliance and Privacy Risks in Medical Debt

Regulatory Enforcement + Compliance

President Trump Issues Executive Order 14406 to Restore Integrity to America’s Financial SystemConsumer Advocacy Groups and Other Plaintiffs Challenge CFPB’s Regulation B (Subpart A) Overhaul

Sales Finance

Navigating California's New Legislation on Fixed Term Installment ContractsSales-Based Financing Trade Group Files Suit Challenging CFPB's Section 1071 Rule

Small Business Finance

CFPB Issues Final Section 1071 Rule: Narrower Scope, Later Compliance Date, and a Leaner Data Collection and Reporting RegimeCFPB Signals Issuance of Interim Final Rules on Section 1071 and Section 1033 Amid Funding Constraints

Small Dollar Lending

Maryland Enacts Sweeping Earned Wage Access Reforms, Bans TippingSenate Democrats Seek Information from Consumer Reporting Agencies on Buy Now, Pay Later Reporting

State Attorneys General

The Governor's Veto of Virginia's Proposed Class Action Bill: What Businesses Should KnowOCC Finalizes Escrow Rules to Further Strengthen Federal Preemption

State Attorneys General, CFPB + FTC

April 2026 Consumer Litigation Filings: All Major Statutes Up for the First Time in Over a YearThe Governor's Veto of Virginia's Proposed Class Action Bill: What Businesses Should Know

Student Lending

Point-of-Sale Finance Series: Federal Shake-Ups and the Rise of Income Share Agreements in Student Loan FinancingIllinois Amends Student Loan Servicing Rights Act to Include Educational Income Share Agreements

TCPA

April 2026 Consumer Litigation Filings: All Major Statutes Up for the First Time in Over a YearReading the Tea Leaves: Text Messages May Not Be TCPA Calls in the Seventh Circuit

The Consumer Finance Podcast

Colorado's New ADMT Act: Repeal of the 2024 AI Law, Expanded Coverage, and What It Means for Financial ServicesCFPB's Reg B Final Rule: Disparate Impact Liability Out, Discouragement Standard Narrowed, and SPCPs in the Crosshairs

The Crypto Exchange

Turning Point for Digital Assets: 2025 Year in Review and What Comes NextNFTs on Trial: The Yuga Labs Verdict and What It Means for the Digital Frontier

Tribal Lending Litigation

Troutman Pepper Publishes 2023 Consumer Financial Services Year in Review and A Look AheadSeventh Circuit Affirms Dismissal, Finding Entity Entitled to Arm of the Tribe Sovereign Immunity & Adopting Breakthrough Factor Analysis

Unauthorized Access

The Team Continues to Grow: A Conversation With Our Newest Colleague, Kaitlin ClemensCaregivers in Cybersecurity