Press Coverage November 6, 2026

Democratic Wave Gives State AGs More Enforcement Sway

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Michael Yaghi

Michael Yaghi, a partner in Troutman Pepper Locke’s State Attorneys General Practice Group, was quoted in the November 6, 2026, American Banker article, “Democratic Wave Gives State AGs More Enforcement Sway.”

  • “They’re going to ramp up fairly quickly,” Michael Yaghi, a litigation partner at Troutman Pepper Locke who specializes in state attorneys general and regulations, told American Banker.
  • …
  • While the FTC has been focused on providing restitution for consumers who were harmed, energized state AGs are looking to leverage state-level consumer-protection statutes to push for significant penalties and injunctive relief that requires changes to their business practices, Yaghi said.
  • “States are going to be more aggressive in terms of not only how companies are harming consumers, but also on what their business model looks like and how they can change the way a company operates to help protect consumers,” Yaghi told American Banker. “They want civil penalties and want to fundamentally alter how companies promote products, market services, and operate their day-to-day business.”
  • …
  • Because state AGs can stack multiple violations on top of one another to pile on steep civil penalties, companies should consider proactive auditing, Yaghi said.
  • “Now is a good time for companies to double-check how they are using and deploying AI, setting prices and disclosing and advertising products and services,” he said.
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