Consumer Credit and Privacy Compliance
Online research tools to manage compliance with federal and state laws and regulations
CounselorLibrary.com, LLC, an affiliate of the law firm of Hudson Cook, LLP, is the leading compliance resource for the consumer financial services and privacy industries, providing comprehensive coverage and analysis of federal and state laws, regulations, and litigation. Select a category below, or view all products.
2026 Financial Services Conference
November 8-10, 2026
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Last Week, This Morning®
Key developments from the past week in consumer and commercial finance and privacy law.
OCC Finalizes Rule Amendments Relating to Real Estate Escrow Accounts
Executive Order Issued to Strengthen Anti-Money Laundering and Customer Due Diligence/Identification Requirements Associated with Immigration Status
FTC Resolves Allegations that Companies Made False and Deceptive Claims About Their Targeted Marketing Service
Louisiana Legislature Passes Comprehensive Data Privacy Bill and Awaits Governor's Signature
California DFPI Could Not Establish that Fintech in Bank Partnership Is True Lender
DOJ Resolves Investigation into PayPal's Investment Program for Minority-Owned Small Businesses
FDIC Approves Deposit Insurance Application for Stellantis Bank
Connecticut Restricts Health and Veterinary Care Providers' Advertising and Marketing of Third-Party Financing
California Obtains $12.75 Million Settlement with Car Manufacturing Company over Privacy Practices Concerning Connected Vehicles
Colorado Governor Signs Automated Decision-Making Technology Bill to Replace AI Act
FTC Bans Data Broker and Its Subsidiary from Selling Individuals' Sensitive Location Data
Washington State Prohibits Nonjudicial Foreclosure of HELOCs
Massachusetts DOB Obtains $1.9 Million Settlement with Unregistered Third-Party Loan Servicer
New York Statute Requiring Lenders to Pay Interest on Mortgage Escrow Accounts Is Preempted by National Bank Act
Iowa Raises Maximum Rate for Loans Made by Regulated Loan Act Licensees to 36% Per Year
Hudson Cook Insights
Today's Trends in Credit Regulation
CFPB Issues Slimmed-Down Version of 1071 Rule
By Trisha J. Cacciola
On May 1, 2026, the Consumer Financial protection Bureau ("CFPB") issued a new final rule implementing Section 1071 of the Dodd-Frank Act (the "1071 Rule"). The new rule replaces the 2023 version of the rule, which was delayed by court challenges, and had a postponed effective date. article continued
State Watch: Consumer Protection Enforcement Update
By Anastasia V. Caton
State credit regulators take center stage this month: the Illinois Department of Financial and Professional Regulation, the Massachusetts Division of Banks, the New Hampshire Banking Department, and the South Carolina Department of Consumer Affairs all announced enforcement actions over issues such as usury, unlicensed activity, and excessive fees. article continued
Consumer Financial Services Bites of the Month - May 20, 2026 - "May You Never."
By Justin B. Hosie, Eric L. Johnson and Kristen Yarows
In this month's article, we share some of our top "bites" covered during the May 2026 webinar. article continued
New York Appellate Decision Provides Clear and Well-Reasoned Resource for the RBF Industry
By Robert F. Gage
I frequently write about court decisions involving revenue-based financing ("RBF" also commonly referred to as "sales-based finance" or "merchant cash advance") because these decisions are the primary basis on which we determine how revenue-based financing transactions must be structured and how RBF contracts should be written. article continued