On August 5, the SOLO Network announced a FinCEN-observed bank reliance pilot developed in coordination with the U.S. Department of the Treasury, the Financial Crimes Enforcement Network (FinCEN), the Office of the Comptroller of the Currency (OCC), and the Federal Deposit Insurance Corporation (FDIC). The pilot represents the first coordinated engagement across all four agencies
This article was republished on insideARM on August 19, 2026.
On August 11, the Colorado Department of Law (DOL) filed proposed rules implementing two significant Colorado artificial intelligence laws, the Automated Decision-Making Technology in Consequential Decisions Act (ADMT Act) and the Conversational Artificial Intelligence Services Act (Chatbot Safety Act), both of which take effect January
In this episode of The Consumer Finance Podcast, host Chris Willis sits down with Partners Joseph DeFazio and Joseph Froehlich to discuss the New Jersey Supreme Court’s ruling in Diana, a unanimous ruling and long-awaited victory for debt buyers operating in New Jersey. At the center of the conversation is a high-volume litigation campaign
As we previously discussed here, the New York City Department of Consumer and Worker Protection (DCWP) delayed the effective date of its amended debt collection regulations, known as the SHIELD Rule, from September 1, 2026 to January 1, 2027, to provide regulated entities additional time to make operational adjustments and to allow the agency
On August 7, the Federal Trade Commission (FTC) issued a policy statement announcing that it will no longer pursue claims based on disparate impact or “unfair discrimination” theories under any statute it enforces. The FTC’s action is the latest in a series of coordinated federal agency moves away from disparate impact enforcement. As we previously
Our Newsletter Is Moving to LinkedIn
To keep receiving your weekly insights, all you need to do is subscribe to our new Consumer Financial Services Weekly Newsletter — it’s quick and easy.
We’ll see you there!
To keep you informed of recent activities, below are several of the most significant federal
The Senate adjourned on August 8, 2026 without holding a final vote on the Clarity Act. However, Senate Majority Leader John Thune filed cloture on the motion to proceed to the Clarity Act shortly before the Senate left for recess, setting up a procedural vote for September 15, 2026, the day after the Senate returns
auto
Key Points
On July 31, the OCC and FDIC jointly issued a proposed rule to significantly amend their existing Community Reinvestment Act (CRA) regulations that have been in place since 1995. While the proposal would retain key elements of the regulatory framework, it seeks to better align the regulations with CRA’s statutory mandate of encouraging banks to