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Unfair or Deceptive Trade Practices Regulatory Reform

Alston & Bird

New York’s FAIR Act: What Financial Services Compliance Teams Must Know

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What Happened? As we highlighted in March following its introduction, the New York’s Fostering Affordability and Integrity through Reasonable Business Practices (“FAIR”) Act represents a fundamental transformation of the...more

Troutman Pepper Locke

FDIC Updates Consumer Compliance Examination Manual to Eliminate Disparate Impact Analysis in Response to President Trump’s...

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On August 29, the Federal Deposit Insurance Corporation (FDIC) announced updates to its Consumer Compliance Examination Manual, marking a pivotal shift in how potential discrimination under the Equal Credit Opportunity Act...more

Paul Hastings LLP

Colorado Delays Enforcement of AI Act

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On August 28, Colorado Gov. Jared Polis signed SB4, delaying the effective date of the Colorado AI Act (CAIA) from February 1, 2026, to June 30, 2026. Earlier this summer, Gov. Polis called the Colorado Legislature into a...more

Hinch Newman LLP

Primer on New York General Business Law Sections 349 and 350: Deceptive Acts and False Advertising

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In March 2025, Office of the Attorney General for the State of New York introduced the Fostering Affordability and Integrity Through Reasonable (“FAIR”) Business Practices Act in the State Senate and State Assembly.  The...more

Warner Norcross + Judd

Potential Changes to Michigan’s Consumer Protection Act Could Shift Legal Risk

Changes may be coming to the Michigan Consumer Protection Act (MCPA). The MCPA was enacted in the 1970s and provides consumers statutory claims against businesses that engage in various practices or acts that the MCPA...more

Nelson Mullins Riley & Scarborough LLP

New York’s FAIR Act Set to Expand Consumer Protection

The New York State Legislature recently passed the Fostering Affordability and Integrity through Reasonable Business Practices Act (“FAIR Act”), a sweeping update to New York’s consumer fraud statute (GBL § 349)—the first in...more

Amundsen Davis LLC

President Trump Takes Action to Ensure Fair Banking for All Americans

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On August 7, 2025, President Donald J. Trump signed an executive order titled “Guaranteeing Fair Banking for All Americans.” The order asserts that financial institutions have restricted the access of individuals and...more

Dacheng

China Updates Its Anti-Unfair Competition Law to Address “Involutionary” Competition and Abuses of Superior Bargaining Power

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On June 27, 2025, China adopted a revised revision of its Anti-Unfair Competition Law (“AUCL”), which will take effect on October 15, 2025. As one of the two pillars of China’s competition law framework—alongside the...more

Troutman Pepper Locke

Troutman Pepper Locke Weekly Consumer Financial Services Newsletter – July 2025 # 5

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To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more

Cozen O'Connor

New York’s New Law Provides FAIR Consumer Protections

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New York AG Letitia James announced that the state legislature passed an amended version of the Fostering Affordability and Integrity through Reasonable Business Practices Act (FAIR Business Practices Act), which expands the...more

Troutman Pepper Locke

Proposed New York FAIR Business Practices Act Aims to Expand Consumer Protections Against Unfair, Deceptive, or Abusive Practices

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On March 13, New York State introduced proposed legislation titled the Fostering Affordability and Integrity Through Reasonable Business Practices Act (FAIR Act). The proposed legislation seeks to broaden the scope of...more

Hudson Cook, LLP

Consumer Financial Services Bites of the Month - May 2025 - "The CFPB in the End of May"

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In this month's article, we share some of our top "bites" covered during the May 2025 webinar....more

Kelley Drye & Warren LLP

FTC Consumer Protection Orders: The Case for a New Sunset Policy

Since 1986, WLF’s Legal Studies Division has served as the preeminent publisher of persuasive, expertly researched, and highly respected legal publications that explore cutting-edge and timely legal issues. These articles do...more

Cozen O'Connor

NY Fights FAIR to Expand State Consumer Protection Law

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New York AG Letitia James announced her support for passage of the Fostering Affordability and Integrity through Reasonable Business Practices (FAIR) Business Practices Act. The Act would expand the state’s consumer...more

Sheppard Mullin Richter & Hampton LLP

CFPB Withdraws Dozens of Guidance Documents as Part of Deregulatory Push

On May 12, the CFPB formally withdrew nearly 70 guidance materials—including policy statements, advisory opinions, circulars, and interpretive rules—through a Federal Register notice issued by Acting Director Russell...more

Troutman Pepper Locke

Fifth Circuit Agrees to Dismiss CFPB’s UDAAP Examination Manual Appeal, Aligning with Bureau’s New Regulatory Priorities

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On May 1, the U.S. Court of Appeals for the Fifth Circuit dismissed the Consumer Financial Protection Bureau’s (CFPB or Bureau) appeal concerning the vacated amendments to its Unfair, Deceptive, or Abusive Acts and Practices...more

Troutman Pepper Locke

Update on FTC’s CARS Rule

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As of April 27, 2025, the Federal Trade Commission (FTC) had not filed a petition for a writ of certiorari to appeal the Fifth Circuit’s decision vacating the Combating Auto Retail Scams Trade Regulation Rule (CARS Rule). The...more

Hinch Newman LLP

The Implications of President Trump’s Live Entertainment Ticketing Executive Order on the Ticketing Market

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On March 31, 2025, the White House announced that President Donald J. Trump signed an Executive Order designed “to protect fans from exploitative ticket scalping and bring commonsense reforms to America’s live entertainment...more

Cozen O'Connor

The State AG Report – 04.03.2025

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Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: •EPA Chemical Accident Safety Rule Challenge Ignites AG...more

Troutman Pepper Locke

New York AG James Proposes Expansion of State Consumer Protection Law

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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

Cadwalader, Wickersham & Taft LLP

Regulation in Flux, March 2025 - Trump's War on Consumer Protection, Humph(rey)

We have been following closely developments with the Consumer Financial Protection Bureau (“CFPB”) and the Trump/Musk administration (see here and here), and while we have a few updates on the CFPB, Trump and Musk have taken...more

Venable LLP

New York Seeks to Beef up Consumer Protection Framework

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New York attorney general Leticia James is the latest state-level actor to respond to the Trump administration’s efforts to shrink federal consumer protection agencies. James has championed the FAIR Business Practices Act, a...more

Ballard Spahr LLP

As Trump Administration rolls back CFPB’s work, New York wants to fill the void

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As the Trump Administration attempts to drastically cut CFPB funding and staffing, New York regulators and legislators are attempting to fill what could be a void in consumer protection efforts....more

Ballard Spahr LLP

CFPB inaction harming state consumer protection efforts, Democratic AGs allege in amicus brief

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The Trump Administration’s efforts to “effectively shutter the CFPB” amounts to a “total dereliction of all mandatory statutory duties,” that will harm state consumer protection efforts, Democratic state attorneys general...more

Orrick, Herrington & Sutcliffe LLP

The Continued State Enforcement of Federal Financial Regulatory Laws

Over the past four years, the Consumer Financial Protection Bureau has sought to strengthen state and local governments’ enforcement of consumer protection laws. The CFPB has engaged in numerous coordinated federal-state...more

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