Topics

ALL CFS Blog Entries

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

All Entries

Industry Groups Challenge Oregon's DIDMCA Opt-Out in Federal CourtTroutman Pepper Locke Weekly Consumer Financial Services Newsletter – June 17, 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

The $10 Million Oops: How One New Jersey Dealer's Penalty Got a Dramatic MakeoverNYC DCWP Takes Action Against Bronx Used Auto Dealer for Bait‑and‑Switch Pricing

Background Screening

Virginia’s New Business Screening Services Program: Key Compliance ObligationsNationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA Reform

Banking

Industry Groups Challenge Oregon's DIDMCA Opt-Out in Federal CourtCFPB and FinCEN Sharpen Focus on Non‑Work Authorized Populations, Ability to Repay, and BSA/AML Risk

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)

President Trump Nominates Brian Johnson to Lead the CFPBCFPB and FinCEN Sharpen Focus on Non‑Work Authorized Populations, Ability to Repay, and BSA/AML Risk

Consumer Financial Services

The Debanking Debate: Regulators, Risk, and Reality for PaymentsFCC Proposes Enhanced "Know-Your-Customer" Rules for Voice Providers to Combat Illegal Robocalls

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

Virginia’s New Business Screening Services Program: Key Compliance ObligationsNationwide Shifts in Background Checks: New York’s Credit Ban, Virginia's Sealed Records Law, and Federal FCRA Reform

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

Virginia’s New Uniform Consumer Debt Default Judgments Act: What Creditors Need to Know About HB 444Charting a Course for Collections: Diagnosing Compliance and Privacy Risks in Medical Debt

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

CFPB and FinCEN Sharpen Focus on Non‑Work Authorized Populations, Ability to Repay, and BSA/AML RiskFederal Banking Agencies Take Next Step in Dismantling “Reputation Risk” in Supervision by Updating Interagency Guidance

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 17, 2026President Trump Nominates Brian Johnson to Lead the CFPB

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

MLA and SCRA 101: Servicemember Credit Protections and Compliance RisksNavigating the Servicemembers Civil Relief Act: Protections and Litigation Trends

Mortgage Lending, Servicing + Banking

Industry Groups Challenge Oregon's DIDMCA Opt-Out in Federal CourtFDIC Backs Industry in Colorado DIDMCA Opt-Out Fight, Urges Bank-Focused Reading of “Loans Made in Such State”

Moving the Metal

Regulating Prediction Markets: Federal Oversight, State Authority, and the Road AheadThe $10 Million Oops: How One New Jersey Dealer's Penalty Got a Dramatic Makeover

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

Louisiana Enacts Debit Card Surcharge ProhibitionThe Debanking Debate: Regulators, Risk, and Reality for Payments

Payments Pros

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

Podcasts

Point-of-Sale Finance Series: Regulation of Subscription and Auto-Renewal PlansRegulating Prediction Markets: Federal Oversight, State Authority, and the Road Ahead

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

Louisiana Enacts Debit Card Surcharge ProhibitionVirginia’s New Business Screening Services Program: Key Compliance Obligations

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

Louisiana Enacts Debit Card Surcharge ProhibitionVirginia’s New Business Screening Services Program: Key Compliance Obligations

State Attorneys General, CFPB + FTC

Louisiana Enacts Debit Card Surcharge ProhibitionVirginia’s New Business Screening Services Program: Key Compliance Obligations

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

Point-of-Sale Finance Series: Regulation of Subscription and Auto-Renewal PlansMLA and SCRA 101: Servicemember Credit Protections and Compliance Risks

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