California’s DFPI reached a $1 million settlement with Yotta Technologies over alleged false FDIC insurance representations connected to the Synapse bankruptcy, signaling heightened state scrutiny of fintech-bank partnerships and banking-as-a-service models.
Virginia’s HB1022/SB493 amends the Virginia Consumer Protection Act to impose new auto-renewal compliance obligations on businesses serving consumers in the Commonwealth, effective July 1, 2026. Sellers must now offer cancellation mechanisms that mirror sign-up channels in ease and availability, and the previously available good-faith compliance defense has been eliminated.
Continue Reading Virginia Enacts Automatic Renewal Consumer Protection Law
Greenberg Traurig’s Timothy A. Butler was quoted in Law360 discussing the implications of former CFPB Director Rohit Chopra’s appointment to lead California’s newly formed Business and Consumer Services Agency. Butler notes the move signals that California will more aggressively regulate and monitor companies serving consumers and small and medium-sized businesses.
Continue Reading Go West: Ex-CFPB Chief Poised To Make Mark Next In Calif.
On May 12, 2026, Gov. Gavin Newsom announced the appointment of Rohit Chopra, former director of the Consumer Financial Protection Bureau and former commissioner of the Federal Trade Commission, to lead California’s newly created Business and Consumer Services Agency (BCSA). If confirmed by the California Senate, Chopra will serve as the first secretary of the
On April 28, 2026, Maryland Gov. Wes Moore signed HB 895, the Protection from Predatory Pricing Act, into law. The Act makes Maryland the first state to enact a sector-specific restriction on certain personalized, or “surveillance,” pricing practices in the food retail context. Though this legislation is unprecedented, legislators limited its scope to prevent
On May 8, 2024, the California Attorney General released a list of frequently asked questions (FAQs) to help businesses comply with SB 478, California’s soon-to-be effective “Hidden Fees Statute,” a law intended to address so-called “junk fees” by prohibiting “drip pricing.”
On Dec. 22, 2023, Montana Attorney General Austin Knudsen issued an opinion clarifying that certain Earned Wage Access products are not loans under either the Montana Consumer Loan Act or the Montana Deferred Deposit Loan Act.
Continue Reading Montana Attorney General Confirms Certain Earned Wage Access Products Are Not Loans
On Oct. 7, 2023, California Governor Gavin Newsom signed SB 478 into law. When it becomes effective July 1, 2024, the law will amend the CLRA to generally ban so-called “junk fees.”
California’s effort sits along the Biden administration’s focus on “junk fees,” which multiple federal agencies have now addressed via various advisory opinions, guidance
On Nov. 9, 2022, the New York Department of Financial Services (NYDFS) issued a proposed second amendment to its 2017 cybersecurity regulation for financial service companies.[1] In July 2022, NYDFS issued a draft version of the changes, but the current amendment has significant changes. Most of the proposed changes will take effect 180 days