The United States is navigating a new era of regulatory oversight and the balance of power between federal and state regulators following the 2024 election cycle. As federal agencies retreat from and/or realign their...more
7/28/2025
/ Advertising ,
Antitrust Violations ,
Artificial Intelligence ,
Consumer Financial Products ,
Corporate Counsel ,
Data Privacy ,
Enforcement Actions ,
Federal Trade Commission (FTC) ,
Financial Services Industry ,
Gaming ,
Life Sciences ,
Machine Learning ,
Marketing ,
Merger Controls ,
Most-Favored Nations ,
New Legislation ,
Regulatory Reform ,
State Attorneys General
In a recent political development in Nevada, Governor Joe Lombardo vetoed Assembly Bill 44, a legislative effort aimed at curbing alleged price-fixing practices on essential goods and services championed by Nevada Attorney...more
7/9/2025
/ Anti-Competitive ,
Consumer Protection Laws ,
Government Agencies ,
Governor Vetoes ,
Nevada ,
Price-Fixing ,
Proposed Legislation ,
Regulatory Reform ,
State and Local Government ,
State Attorneys General ,
State Legislatures ,
Unfair Pricing
New York City Comptroller Brad Lander released a report titled “Standing Up for New York Consumers – How New York State and New York City can Strengthen Consumer Financial Protection in the Trump Era,” which called for the...more
7/7/2025
/ Banking Sector ,
Comptroller ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Financial Regulatory Reform ,
Financial Services Industry ,
New York ,
Non-Bank Lenders ,
Proposed Legislation ,
Regulatory Reform ,
State and Local Government ,
Trump Administration
Texas Attorney General (AG) Ken Paxton announced that General Mills has agreed to remove petroleum-based artificial dyes from its cereals and school food products throughout the U.S. by summer 2026, and from its entire U.S....more
6/27/2025
/ Advertising ,
Children's Products ,
Enforcement Actions ,
Food Labeling ,
Food Manufacturers ,
Food Safety ,
Food Supply ,
General Mills ,
Marketing ,
Misleading Statements ,
New Regulations ,
Public Health ,
Regulatory Reform ,
Retail Sales ,
State Attorneys General ,
Texas ,
Toxic Chemicals ,
Toxic Exposure ,
Willful Misconduct
One of many provisions in the “One Big Beautiful Bill Act,” passed by the U.S. House of Representatives, would place a 10-year “temporary pause” on states’ ability to regulate artificial intelligence (AI). Initially called a...more
6/26/2025
/ Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Enforcement Authority ,
Federal Budget ,
Federal Funding ,
Innovative Technology ,
New Regulations ,
Preemption ,
Proposed Legislation ,
Regulatory Oversight ,
Regulatory Reform ,
State Attorneys General ,
State Privacy Laws ,
Trump Administration
The Massachusetts attorney general’s (AG) office has finalized new consumer protection regulations aimed at eliminating hidden “junk fees” and improving price transparency. Set to take effect on September 2, the regulations...more
5/14/2025
/ Disclosure Requirements ,
E-Commerce ,
Fees ,
Final Rules ,
Goods or Services ,
Hidden Fees ,
New Regulations ,
Price Transparency ,
Regulatory Reform ,
Regulatory Requirements ,
Retail Market ,
State Attorneys General
In this episode of The Consumer Finance Podcast, Chris Willis is joined by Troutman Pepper Locke colleagues Lori Sommerfield and Lane Page to dissect two unexpected fair lending developments under the new Trump...more
New York Attorney General (AG) Letitia James recently announced her support for legislation that would significantly broaden the state’s consumer protection statute to prohibit not just deceptive acts, but also unfair and...more
In a surprising turn of events, the Consumer Financial Protection Bureau (CFPB or Bureau) and Townstone Financial, Inc. (Townstone) have jointly moved to vacate the Stipulated Final Judgment and Order previously entered in...more
3/28/2025
/ Biden Administration ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Discriminatory Lending Practices ,
ECOA ,
Enforcement Actions ,
Financial Institutions ,
Financial Services Industry ,
First Amendment ,
Redlining ,
Regulatory Reform ,
Settlement Agreements ,
Stipulated Judgment ,
Trump Administration ,
Vacated
In a significant policy shift under the Trump administration, the new Federal Housing Finance Agency (FHFA) Director Bill Pulte issued an order on March 25, 2025 terminating special purpose credit programs (SPCPs) supported...more
3/28/2025
/ Banks ,
Consumer Financial Products ,
ECOA ,
Equal Access to Credit ,
Fair Housing Act (FHA) ,
Fannie Mae ,
FHFA ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Freddie Mac ,
GSE ,
Housing Market ,
HUD ,
Lenders ,
Mortgages ,
Regulatory Reform ,
Regulatory Requirements ,
Trump Administration