Regulatory Trends to Watch Out for in Consumer FinanceRead Time: 1 min
Member James Sandy and Of Counsel Katherine Romano Schnack will discuss “Regulatory Trends to Watch Out for in Consumer Finance” in a Knowledge Webcasts webinar on January 26, 2023. Key discussion topics include the latest trends and developments in consumer finance, enforcement against “junk fees” and “dark patterns,” CFPB expansion over digital assets and privacy, and what lies ahead in 2023.
Consumer financial service regulators have been actively expanding their reach and authority over financial institutions, nonbank partners, and service providers over an increasing number of business practices. Since much of this expansion is accomplished without formal rulemaking, it is important for financial service companies to stay on top of the informal agency guidance and actions. Jim and Kat will discuss the latest regulatory trends and developments and what to watch for in 2023 from agencies, including the Consumer Financial Protection Bureau (CFPB), Federal Trade Commission (FTC), and Office of the Comptroller of the Currency (OCC). They will also discuss notable enforcement actions and litigation in these regulatory areas.