Our team published new content and podcasts to the Consumer Financial Services Law Monitor throughout the month of February. To catch up on posts and podcasts you may have missed, click on the links below:


Auto Finance

California Introduces Its Version of the CARS Act Signaling a New Wave of State Regulation for Auto Dealers


Banking

Virginia’s SB 1252: Potential Impact on Banks and Fintechs

Patriot Bank and OCC Sign Agreement to Strengthen Oversight and Payment Activities

Sixth Circuit Affirms Dismissal of FDCPA Claims for Lack of Standing, But for Lack of a Causal Connection

FDIC Acting Chairman Hill Supports Modernizing Customer Identification Program Requirements


Consumer Financial Services

Troutman Pepper Locke Publishes 2024 Consumer Financial Services Year in Review and A Look Ahead


Consumer Financial Protection Bureau (CFPB)

Court Issues “Pause” in NTEU Lawsuit Against CFPB

Yet Another Leadership Change at the CFPB: Jonathan McKernan Nominated as Director

Texas Federal Court Orders CFPB to File Status Report Following Leadership Change

New Leadership and Dramatic Changes at the CFPB: Future of the Bureau Uncertain

CFPB Continues “Pausing” Litigation: This Time in Medical Debt Rule Litigation

CFPB Files “Emergency Notice” in 1071 Final Rule Case and Does Not Oppose Stay of the 1071 Rule; Agency Also Seeking a “Pause” in Other Litigation

Trump Fires CFPB Director Rohit Chopra, Announces Bessent as Successor

CFPB Updates List of Consumer Reporting Companies for 2025


Cryptocurrency + FinTech

Congress Narrows in on Stablecoin Legislation: An Analysis of the STABLE and GENIUS Acts

Third Circuit Demands Greater Clarity from SEC Regarding Digital Asset Regulation


Debt Buyers + Collectors 

Illinois Federal Court Dismisses FDCPA Letter Case for Lack of Subject Matter Jurisdiction


Regulatory Enforcement + Compliance

Compliance Deadlines for the 1071 Rule are Tolled — But for an Unspecified Period of Time — Amid Legislative Efforts to Repeal the Underlying Statute

Senators Sanders and Hawley Propose Legislation Capping Credit Card Interest Rates


Telephone Consumer Protection Act (TCPA)

National Consumers League and Small Business Owners Move to Intervene in FCC “One-to-One Rule” Case

FCC Proposes $4.5 Million Fine Against Telnyx LLC for Alleged Robocall Violations

Eleventh Circuit Re-Opens TCPA “Lead Generator Loophole” and Signals Further Erosion of Judicial Deference to Administrative Rules


Podcasts

The Consumer Finance Podcast – The Latest on Junk Fees and New York’s Foreclosure Abuse Prevention Act

The Consumer Finance Podcast – State Regulators Step Up: Responding to the CFPB’s New Leadership

The Consumer Finance Podcast – Deposit Account Litigation: Highlights From 2024 and What to Expect in 2025

The Consumer Finance Podcast – UDAAP and Fair Lending Developments: 2024 Year-in-Review and 2025 Predictions

FCRA Focus Podcast – FCRA Regulatory Year in Review

Moving the Metal: The Auto Finance Podcast – The Future of Auto Dealership Compliance: A Conversation With Tom Kline

Moving the Metal: The Auto Finance Podcast – From Federal to Local: CFPB’s Blueprint for State Regulators

Payments Pros Podcast – 2024 Payments Year in Review: CFPB and FTC Regulatory Trends – Part Four

Payments Pros Podcast – 2024 Payments Year in Review: CFPB and FTC Regulatory Trends – Part Three

Payments Pros Podcast – 2024 Payments Year in Review: CFPB and FTC Regulatory Trends – Part Two


Newsletters

Weekly Consumer Financial Newsletter – Week of February 25, 2025

Weekly Consumer Financial Newsletter – Week of February 17, 2025

Weekly Consumer Financial Newsletter – Week of February 10, 2025

Weekly Consumer Financial Newsletter – Week of February 3, 2025

Insight Industries + Practices