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Consumer Financial Services Law Monitor Blog

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New York Enacts Coerced Debt Law Protecting Survivors of Economic Abuse

USA - December 24 2025 On December 19, New York Governor Kathy Hochul signed Senate Bill S1353A creating a new General Business Law article on “actions involving coerced…

CFPB Reportedly Plans to Scrap Biden-Era Guidance on Immigration Status in Lending

USA - December 23 2025 As reported by Bloomberg here, the Consumer Financial Protection Bureau (CFPB or Bureau) is moving to withdraw a 2023 Biden-era joint statement with…

Wisconsin Lawmakers Propose “True Lender” Test and 36% APR Cap for Consumer Loans

USA - December 23 2025 On December 12, Wisconsin legislators introduced Senate Bill 759 (SB 759), which would substantially shift Wisconsin’s approach to consumer lending…

What the CFPB’s New Buy Now, Pay Later Market Report Shows

USA - December 22 2025 The Consumer Financial Protection Bureau (CFPB or Bureau) released a new market “data spotlight” on Buy Now, Pay Later (BNPL) that uses actual…

New Jersey Adopts Disparate Impact Rules Under LAD, With Broad Reach Across Housing, Lending, Employment, And Other Fields, With Specific Guidance On AI

USA - December 19 2025 On December 17, New Jersey announced its adoption of what its Attorney General is calling the “most comprehensive state-level disparate impact…

The Trump Administration’s Debanking Initiative: Risk Mitigation, Regulatory Deadlines, and Sanctions for Noncompliance

USA - December 18 2025 In this Episode of The Consumer Finance Podcast, host Chris Willis is joined by Troutman Pepper Locke Partner Lori Sommerfield and Charles River…

D.C. Circuit Grants Rehearing En Banc in NTEU v. CFPB, Vacates Panel Decision

USA - December 18 2025 As we discussed in our prior post on National Treasury Employees Union (NTEU) v. Consumer Financial Protection Bureau (CFPB or Bureau), on August 15…

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter - December 16, 2025

USA - December 16 2025 Federal Activities State Activities To keep you informed of recent activities, below are several of the most significant federal and state events…

Deck the Halls, Not the Trade Lines: Auto Fraud Talk

USA - December 16 2025 On today’s Episode of Moving the Metal: The Auto Finance Podcast, hosts Brooke Conkle and Chris Capurso discuss TransUnion’s study on fraud-related…

Colorado Law Adopting Uniform Utilization Review Standards for Behavioral Health Treatment Goes into Effect January 1, 2026

USA - December 15 2025 Colorado House Bill 25-1002, effective January 1, 2026, amends Colorado Revised Statutes § 10-16-104(5.5) to require health benefit plans to use…