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The House Financial Services Committee has approved legislation that would fundamentally alter how state opt-outs under DIDMCA affect interstate lending by state-chartered banks and credit unions. This development comes as federal courts grapple with challenges to Colorado's and Oregon's interpretations of their opt-out authority, raising critical questions about interest-rate exportation and charter parity.

Deb Haaland, an enrolled member of the Pueblo of Laguna and one of the first Native American women to serve in Congress, has been chosen to lead the Department of the Interior.

Today, the Supreme Court dealt a heavy blow to President Trump's trade agenda, concluding that the International Emergency Economic Powers Act...

The Office of the Comptroller of the Currency has entered into a consent order with The Federal Savings Bank regarding allegations of false and misleading statements about VA cash-out mortgage refinance loans.

You already know that denials of ERISA-governed disability benefits are reviewed under a de novo standard unless the benefit plan gives the administrator

Ballard Spahr's Consumer Financial Services Group celebrates fifteen years of Consumer Finance Monitor, a pioneering blog launched simultaneously with the CFPB's opening in 2011. The blog has chronicled every major development in consumer financial services regulation, from CFPB enforcement actions to FinTech evolution, becoming an essential resource for industry professionals navigating the rapidly changing regulatory landscape.

On June 20, 2025, the Office of the Comptroller of the Currency (OCC), Treasury, the Board of Governors of the Federal Reserve System (FRB), and the Federal Deposit Insurance Corporation (FDIC)...

This latest installment of our blog posts about the CFPB debt collection rule examines how the final rule will impact credit reporting

Our blog post series has detailed a number of ways in which the CFPB's final debt collection rule departs from last year's NPRM.

Life sciences M&A activity surged in the first half of 2026 with 86 transactions totaling $196 billion, marking a 141% increase over the previous year and the strongest start since 2019. The resurgence is driven by an impending patent cliff threatening $305 billion in revenue, abundant dry powder on pharma balance sheets, and attractive target valuations. With companies increasingly focused on de-risked Phase II and beyond assets, and private equity emerging as optimization partners, the industry is positio

Artificial intelligence is transforming consumer financial services, influencing credit decisions, fraud detection, and personalized advice. But as AI systems become more prevalent, critical questions emerge about transparency, fairness, and accountability. Consumer Reports' latest analysis reveals that 75% of consumers worry about AI bias in financial services, while only 8% believe current laws adequately protect them.

The U.S. Department of Treasury has proposed new regulations that would revoke federal tax-exempt status for private schools and colleges that consider race, color, or national origin in any of their policies or practices. The proposed rule would eliminate existing provisions that currently permit limited race-conscious measures and could dramatically affect thousands of private educational institutions across the country.

The U.S. Department of Labor (DOL) announced several self-audit programs to assist employers, unions, and benefit plan officials with voluntarily assessing and correcting their compliance...

A new USCIS policy memorandum fundamentally reshapes how adjustment of status applications will be adjudicated, treating green card applications as extraordinary relief rather than routine process.

Our most recent Alert (linked here) discussed the proposed reforms to the DC Tenant Opportunity to Purchase Act (TOPA). This Alert provides an update on the reform legislation, as well as a summary of an important TOPA...

The Financial Crimes Enforcement Network has proposed revoking Banque Misr UAE's correspondent banking access to U.S. financial institutions, designating it as a financial institution of primary money laundering concern. This action stems from Treasury's Operation Economic Outcast, which aims to sever financial channels Iran uses to evade sanctions and fund terrorist activities through shadow banking networks.

The Treasury Department's Financial Crimes Enforcement Network and Office of Foreign Assets Control have launched coordinated enforcement actions targeting the A7 Network, a sophisticated global financial infrastructure allegedly designed to help sanctioned entities from Russia, Iran, and North Korea move funds through the international banking system.

Last week, the law enforcement agencies across the globe executed a historic two-day takedown of hundreds of alleged criminals who used securely encrypted communication devices to further their criminal enterprises.