On August 18, the U.S. Department of the Treasury (Treasury) published a notice of proposed rulemaking in the Federal Register to implement § 3 of the Guiding and Establishing National Innovation for U.S. Stablecoins Act (GENIUS Act or Act) — the first comprehensive federal regulatory framework for payment stablecoins in the U.S., enacted on July
More than two years after filing suit, the Federal Trade Commission (FTC) and Connecticut Attorney General William Tong have secured a $4 million settlement with Manchester, Connecticut auto dealer Chase Nissan LLC, doing business as Manchester City Nissan, along with its owners and managers, resolving allegations of widespread deceptive fee practices targeting consumers in the
FinCEN’s decision to exempt all domestic reporting companies from beneficial ownership information (BOI) reporting has significant implications for financial institutions’ anti-money laundering (AML) compliance programs. The change removes a filing obligation for many U.S. businesses, but it does not change the need to determine who owns, controls, and benefits from a legal entity. Covered financial
In this crossover episode of The Consumer Finance Podcast and Moving the Metal, Jason Cover is joined by colleagues Brooke Conkle and Chris Capurso from Troutman Pepper Locke’s Consumer Financial Services practice to tackle a topic that has been notably absent from the point-of-sale finance series until now — auto finance. As the largest
James Stevens, partner and co-leader of Troutman Pepper Locke’s Financial Services Industry Group, was quoted in a recent S&P Global Market Intelligence article by Claire Lawson, “Bank7 Eyes Expansion, Low-Cost Deposits in Unconventional Century Financial Play.” The article examines Bank7 Corp.’s unusual attempt to acquire a 71% ownership stake in Century Financial Services Corp. through
The New York Limited Liability Company Transparency Act (NYLTA) took effect on January 1, 2026. We previously wrote about the NYLTA when it was first introduced and when it was subsequently repealed and reintroduced. A combination of federal regulatory developments and Governor Kathy Hochul’s December 2025 veto of a proposed state amendment have substantially
On August 11, 2026, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued a final rule (Final Rule) confirming the implementation of the relief and clarifications regarding the Corporate Transparency Act (CTA) contemplated by the March 21, 2025 interim rule (Interim Rule) covered in our March 25, 2025, and April 22
In this episode of FCRA Focus, host Dave Gettings is joined by Partners Brooke Conkle and Ethan Ostroff to break down the Tenth Circuit’s landmark decision in Ward v. National Credit Systems, Inc., which reversed a $500,000 jury verdict and confirmed that reported information is only actionably inaccurate under Section 1681s-2(b) of the FCRA if
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To keep you informed of recent activities, below are several of the most significant federal
This article was republished on insideARM on August 25, 2026.
On August 14, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it is ceasing the discretionary publication of unverified consumer complaint narratives and related data visualizations in its Consumer Complaint Database. The move represents a significant change to one of the Bureau’s most