August 2026

On August 27, the Office of the Comptroller of the Currency (OCC) announced a series of significant actions designed to improve transparency, consistency, and clarity in bank supervision and enforcement. The actions — which include a joint final rule with the Federal Deposit Insurance Corporation (FDIC), two revised policies and procedures manuals (PPMs), and a…

On August 26, the Federal Trade Commission (FTC) announced updated fees for telemarketers to access phone numbers listed on the National Do Not Call (DNC) Registry for Fiscal Year 2027, which begins October 1, 2026.

Background

All telemarketers calling consumers in the U.S. are required to download and cross-reference numbers listed on the National DNC…

Key Points

  • Governor Gavin Newsom appointed former CFPB Director Rohit Chopra as inaugural secretary of California’s new Business and Consumer Services Agency (BCSA) on May 12, 2026, with the agency launching July 1, 2026.
  • The BCSA does not expand the DFPI’s statutory authority under the California Consumer Financial Protection Law (CCFPL), but Chopra’s role as

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In this episode of The Consumer Finance Podcast, host Chris Willis is joined by colleagues Stefanie Jackman and Brian Hays to discuss the Seventh Circuit’s landmark July 2026 ruling in Steidinger v. Blackstone Medical Services, a unanimous decision holding that text messages do not qualify as “telephone calls” under § 227(c)(5) of the Telephone…

On August 25, seven federal agencies — the Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Consumer Financial Protection Bureau (CFPB or Bureau), National Credit Union Administration, Department of Housing and Urban Development (HUD), U.S. Department of Justice, and Federal Housing Finance Agency (the agencies) — jointly rescinded the February 2022 “Interagency…

Key Points

  • The SEC proposed Regulation Crypto Assets (Reg CA) on August 18, 2026, creating the first purpose-built offering regime for crypto assets under federal securities laws.
  • Reg CA would establish two non-exclusive exemptions from Securities Act registration: a startup exemption permitting offerings up to $5 million over four years and a fundraising exemption permitting

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