United States: Consumer Credit

The New Jersey Attorney General and Division of Consumer Affairs recently issued a comprehensive Enforcement Statement signaling an aggressive enforcement posture toward so-called...

The Consumer Financial Protection Bureau has rescinded its 2020 advisory opinion on Special Purpose Credit Programs under Regulation B, citing outdated interpretations and constitutional concerns. This action follows April 2026 amendments that fundamentally altered the regulatory framework governing how for-profit organizations can establish credit programs designed to meet special social needs.

The Federal Trade Commission ramped up enforcement actions across multiple fronts in June 2026, targeting multilevel marketing schemes, mortgage relief scams, and privacy violations while also scrutinizing diversity programs...

On April 28, Maryland enacted SB 94, which revises the state’s earned wage access (EWA) framework and amends tipping provisions under Maryland’s Consumer Loan Law...

Countering an Executive Order issued by President Trump and the adoption by the CFPB of its final rule revising Regulation B, the New York Department of Financial Services recently issued an Industry Letter...

Paying for the steadily rising cost of medical care can be challenging, even for Americans with health insurance. Although insurance helps defray medical expenses, it doesn’t cover everything...

Ballard Spahr's Consumer Financial Services Group provides comprehensive analysis of the latest regulatory developments affecting mortgage banking and consumer finance, including CFPB workforce restructuring, state DIDMCA opt-outs, debanking regulations, and emerging payment technologies. The newsletter features expert insights on enforcement priorities, compliance obligations, and strategic implications for financial institutions navigating an evolving regulatory landscape.

The FTC has obtained a temporary restraining order against a debt relief operation accused of targeting consumers seeking student loan relief through deceptive marketing practices. The enforcement action alleges the company misrepresented its ability to secure loan forgiveness, falsely implied government affiliation, and charged prohibited upfront fees while instructing consumers to stop making loan payments.

Maine's new shared appreciation mortgage loan law imposes comprehensive restrictions on lenders and servicers, including limitations on loan terms, mandatory borrower counseling, and strict disclosure requirements.