States

The state of New York approved a series of consumer protection laws targeting exploitative corporate practices as part of its 2026 budget package. Among the notable portions of the legislation is its establishment of state-level oversight for Buy Now, Pay Later lenders. Read on »

Acting comptroller of the currency Rodney Hood defended federal preemption regulations employed by the Office of the Comptroller of the Currency in a letter to the Conference of State Bank Supervisors, saying the regulations are consistent with Dodd-Frank. Read on »

The volume of guidance withdrawn by the Consumer Financial Protection Bureau’s in May has raised many eyebrows among regulators, attorneys and financial professionals. One of the most notable examples is an interpretive rule concerning states’ ability to enforce federal consumer protection laws against national banks and federal savings associations. Read on »

Could you spot a fake ID? Many seasoned real estate professionals know skill is useful to more than club bouncers or police officers. Jaime Kosofsky, executive vice president of business development and compliance at Brady and Kosofsky, can attest to this fact, as he noted on a recent episode of the Keys to Real Estate podcast. Read on »

The state of New York is suing Capital One Financial Corp., alleging charges similar to those previously brought by the Consumer Financial Protection Bureau in a lawsuit the bureau later dropped. Capital One told Dodd Frank Update it plans to defend itself against the allegations. Read on »

As multiple federal agencies announce moves to pull back on certain enforcement activities, some states have indicated they are ramping up efforts to fill the void. Find out about some of these recent developments in this roundup. Read on »

A new set of predatory lending allegations have been brought against Vanderbilt Mortgage & Finance, Inc., months after the Consumer Financial Protection Bureau dropped similar charges against the Berkshire Hathaway subsidiary. Read on »

New Jersey Attorney General Matthew Platkin and the Division on Civil Rights issued a finding of probable cause against a same-day lender alleging the business refused to lend to prospective clients based on race, national origin and nationality. The finding alleged the firm’s owner and other employees instructed sales staff not to do business with people of certain racial and ethnic groups. Read on »

With federal regulatory agencies undergoing seismic shifts in leadership and priorities, state attorneys general are ramping up supervisory and enforcement activities with respect to consumer financial protection laws. Recognizing this fact, Ballard Spahr assembled a team of attorneys whose specialties include helping financial institutions chart a course through increasingly complex state-level regulatory waters. Read on »

The New York Attorney General accused Citibank of violating the Electronic Fund Transfer Act by failing to implement adequate security measures to protect consumers from fraud and allegedly denying reimbursement for unauthorized wire transfers. Banking advocates filed an amicus brief after the District Court for the Southern District of New York granted in part and denied in part the bank’s motion to dismiss the charges. Read on »