The CFPB has scaled back some enforcement priorities, and the states have noticed. Certain states – including California, New York, Texas, and Connecticut – are particularly active, pursuing UDAP violations, privacy issues,...more
8/20/2025
/ Banking Sector ,
Banks ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Institutions ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
State Attorneys General ,
State Privacy Laws ,
UDAAP ,
UDAP ,
Unfair or Deceptive Trade Practices
On September 25, 2020, California Gov. Gavin Newsom signed S.B. 908, enacting the Debt Collection Licensing Act (DCLA). The DCLA will take effect on January 1, 2022, but proposed regulations will begin to roll out soon. ...more