The White House has announced the launch of GOLD EAGLE, a new artificial intelligence-powered cybersecurity clearinghouse intended to accelerate the identification, verification, prioritization, and remediation of software vulnerabilities across both the public and private sectors. According to the White House announcement, the initiative is designed to leverage frontier AI capabilities to identify cyber vulnerabilities
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Former Iowa Attorney General Thomas J. Miller Files Amicus Brief Supporting Colorado’s Interpretation of DIDMCA’s Opt-Out Provision
On July 15, 2026, former Iowa Attorney General Thomas J. Miller filed an amicus brief supporting Colorado in the en banc proceedings before the U.S. Court of Appeals for the Tenth Circuit in National Association of Industrial Bankers, et al. v. Weiser. Unlike the other amicus briefs filed in support of Colorado, Miller’s submission is…
Vought tells Congress CFPB needs major changes, even abolishment
During recent Congressional Hearings Acting CFPB Director Russell Vought, testifying for the first time in that capacity, stated that the Trump Administration has succeeded in improving the structure and operation of the CFPB, but more work needs to be done.
In fact, in testimony before the Senate Committee on Banking, Housing, and Urban Affairs he…
Consumer Finance Monitor Podcast: Agentic Commerce Is Coming—Will the Legal System Be Ready?
Artificial intelligence is rapidly evolving from a tool that assists human decision-making into technology capable of acting independently. The next frontier, often referred to as agentic AI or agentic commerce, envisions AI agents negotiating contracts, making purchases, authorizing payments, and completing commercial transactions with little or no human intervention.
While enormous investments are being made…
Massachusetts Governor proposes medical debt rules
Massachusetts Governor Maura Healey has proposed regulations that would stop certain companies in the state from reporting medical debt to consumer credit agencies.
The proposal would prohibit licensed medical care providers and debt collectors working for them from reporting medical debt to credit bureaus, intending to help patients avoid long-term financial harm after an unexpected…
Hopper reaches $35 million agreement with the FTC
The FTC recently announced the settlement (subject to court approval) of an action premised in part on its Unfair and Deceptive Fees Rule (the so-called “Junk Fee Rule”
The FTC and the companies that operate the Hopper travel apps reached an agreement that would require the companies to pay $35 million. The companies would also…
New York City Proposes Sweeping “All-In Pricing” Rule Targeting Junk Fees Across Virtually Every Industry
On July 8, 2026, the New York City Department of Consumer and Worker Protection (DCWP) proposed a far-reaching rule that would prohibit businesses from charging consumers hidden “junk fees” and require “all-in” pricing for virtually every good and service advertised in New York City. If adopted, the proposal would represent one of the broadest municipal…
Federal Banking Agencies Issue Joint Guidance on Lending to Individuals Not Legally Authorized to Work in the United States
On July 13, 2026, the Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), and National Credit Union Administration (NCUA) issued interagency guidance reminding the financial institutions they supervise of their existing safety and soundness obligations when extending credit to individuals who are not legally authorized to work in the United…
Court Establishes Briefing Schedule on Preliminary Injunction Motion Challenging Oregon’s DIDMCA Opt-Out Law
On July 13, 2026, we reported that the National Association of Industrial Bankers (NAIB), the Online Lenders Alliance (OLA), and the American Financial Services Association (AFSA), represented by Ballard Spahr, had filed a motion for a preliminary injunction on July 9, 2026 seeking to prevent Oregon officials from enforcing Oregon’s recently enacted DIDMCA opt-out law…
Bank Trade Associations Seek Preliminary Injunction Against Oregon’s DIDMCA Opt-Out Law
The National Association of Industrial Bankers (NAIB), the Online Lenders Alliance (OLA), and the American Financial Services Association (AFSA) have moved for a preliminary injunction to block enforcement of a recently enacted Oregon law that seeks to impose Oregon’s 36% interest-rate cap on consumer finance loans made by out-of-state state-chartered banks in their home states…