In this episode, Adam Maarec sits down with fintech thought leader Simon Taylor for a lively fireside chat focused on the rapidly evolving world of fintech, payments, and banking innovation. Adam, an experienced legal and regulatory advisor in financial services, and Simon, widely recognized for his writing, podcasts, and advisory work with fintechs, banks, VCs,
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Illinois Interchange Fee Litigation Takes important Turn: OCC Rule Leads Court to Enjoin Core IFPA Interchange Fee Restrictions
On June 1, 2026, Chief Judge Virginia Kendall of the U.S. District Court for the Northern District of Illinois issued a major follow-up opinion in Illinois Bankers Association v. Raoul that substantially alters the court’s February 2026 summary judgment decision regarding the Illinois Interchange Fee Prohibition Act (“IFPA”).
The new opinion was issued after the…
Amid increased complaints, Illinois launches new consumer complaint portal
Citing federal cutbacks in consumer protection and an increase in consumer complaints, the Illinois Department of Financial and Professional Regulation (IDFPR) has launched a new online submission option intended to modernize and simplify the manner in which Illinois consumers file complaints.
The new portal will accept complaints that will be directed to the Division of…
CFPB to end employee telework
The CFPB is ending telework—a move that requires 1,100 employees to report to work five days a week to a new headquarters in Washington, D.C., The American Banker reported.
The publication reported that the bureau’s Chief Operating Officer, Adam Martinez, said in a memo that employees will begin moving to the new headquarters at 445…
Paoletta to replace Vought as CFPB Acting Director
CFPB Chief Legal Officer Mark Paoletta has been selected as the bureau’s Deputy Director—a move that reflects that Acting Director Russell Vought’s term is coming to a close and that Paoletta will succeed him, Bloomberg reports.
Under federal law, Vought cannot serve as Acting Director past August 1. However, under the Federal Vacancies Reform Act,…
Advocacy Groups and Private Companies File Lawsuit Against Revised ECOA Rule
As expected, advocacy groups and private companies have filed a lawsuit challenging the CFPB’s recent final rule (Final Rule) revising Regulation B, which implements the Equal Credit Opportunity Act (ECOA). The lawsuit was filed in the federal district court for the District of Columbia by the National Fair Housing Alliance, Rise Economy (fka California Reinvestment…
VA Announces Launch of New Partial Claim Program to Help Protect Veterans from Foreclosure with VA Home Loans
As previously reported, in July 2025 Congress passed legislation to reauthorize partial claims with U.S. Department of Veterans Affairs (VA) guaranteed home loans. The VA has now announced that the VA Partial Claim program will open for submissions on June 15, 2026, and that servicers will have until November 28, 2026, to implement the…
California Court Issues Final Statement of Decision Rejecting DFPI “True Lender” Theory Against OppFi
In a significant victory for bank-fintech partnership models, the Los Angeles County Superior Court on May 19, 2026 has now issued its final Statement of Decision granting summary judgment in favor of Opportunity Financial, LLC (“OppFi”) in its long-running litigation with the California Department of Financial Protection and Innovation (“DFPI”). The final opinion follows the…
Today’s podcast episode: Consumer Protection, Democracy, and the CFPB: A Thought-Provoking Debate with Amelia O’Rourke-Owens
On a recent episode of the Consumer Finance Monitor Podcast, Alan Kaplinsky, host of the podcast, had the opportunity to interview Amelia O’Rourke-Owens, a legal scholar and former CFPB policy fellow, about her article, “Tearing Holes in Consumer Protection: Democracy’s Safety Net.” Amelia is the founder and CEO of Resilience Solutions, which provides subject matter…
CAMELS Reform Arrives: Federal Regulators Propose Sweeping Supervisory Changes
The federal banking agencies have proposed on May 19, 2026 the most significant overhaul of the CAMELS supervisory rating system in nearly 30 years, signaling a major philosophical shift in bank supervision under the Trump Administration. The proposal, issued by the Federal Financial Institutions Examination Council (“FFIEC”), would revise the Uniform Financial Institutions Rating System…