United States: Dodd-Frank, Consumer Protection Act

The National Fair Housing Alliance (“NFHA”) and three other plaintiffs have amended their lawsuit challenging the CFPB’s recently issued amendments to Regulation B under the Equal Credit Opportunity Act (“ECOA”).

A major decision issued on 14 July 2026 by the US Court of Appeals for the Seventh Circuit marks a potential shift in the legal landscape governing text message marketing under the Telephone Consumer Protection Act (the TCPA). In Steidinger v. Blackstone Med. Servs., No. 25-2398, the Seventh Circuit held that Section 227(c)(5) of the TCPA does not permit plaintiffs to sue for the receipt of unwanted text messages, because text messages are not “telephone calls” within the meaning of that provision. For businesses operating in Illinois, Indiana, and Wisconsin—the three states within the Seventh Circuit—this decision has immediate and significant implications.

On July 31, 2026, the Board of Governors of the Federal Reserve System (the “Board”) proposed the most significant updates to insider lending restrictions for banks in more than three decades (“Proposed Rule”). If finalized, the amendments to Regulation O would, among other things, modernize long-outdated dollar thresholds, codify significant staff interpretations and statutory provisions, and provide targeted relief for banks which have passive investment funds as “principal shareholders” (10% or more of a class of voting shares).

House and Senate committees are preparing to hold hearings on the Bureau of Consumer Financial Protection's semi-annual report, marking a significant moment as Trump Administration CFPB officials testify before Congress for the first time. Acting Director Russell Vought will appear as the sole witness before both committees, while the Senate considers the nomination of Brian Johnson as the next permanent CFPB director.

On June 18, 2026, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC; together with the SEC, the Commissions) issued a joint request for comment...

The Chicago Mercantile Exchange has filed a lawsuit against the CFTC challenging its approval of Kalshi's bitcoin perpetual futures contract, arguing that perpetual contracts should be classified as swaps rather...

Connecticut's Senate Bill 5 establishes comprehensive regulations for artificial intelligence use across multiple sectors, with particular focus on employment decisions, AI companions, and frontier model safety. The legislation introduces transparency requirements, disclosure obligations, and consumer protections while creating a regulatory sandbox for AI innovation.

The Ninth Circuit's decision in Natural Grocers v. Rollins has fundamentally challenged USDA's bioengineered food disclosure framework, particularly regarding refined foods and digital disclosure methods.

Duane Morris partners discuss their newly released Higher Education Class Action Review, examining the evolving landscape of class action litigation targeting colleges and universities.