Leah Dempsey

A new Federal Trade Commission (FTC) Notice of Proposed Rulemaking (NPRM) concerning advertising, add-on products and new disclosures in the motor vehicle marketplace could have a major impact on industry participants. Using similar negative rhetoric as a recently proposed Consumer Financial Protect…

Several Democratic members of the U.S. House of Representatives, including the chairman of the House Oversight and Reform Subcommittee on Economic and Consumer Policy, recently introduced the Robotext Scam Prevention Act (HR 8334) that would expand the reach of the Telephone Consumer Protection Act…

This summer, Sandra Thompson, the director of the Federal Housing Finance Agency (“FHFA”), announced, as part of her testimony to the House Financial Services Committee, that the FHFA would be undergoing a comprehensive review of the Federal Home Loan Banks (“FHLBanks”) system as it approaches its 1…

On Oct. 19, 2023, the Consumer Financial Protection Bureau (CFPB) released a Notice of Proposed Rulemaking (NPRM) on Personal Financial Data Rights, which would change the way financial institutions hold and distribute customer-generated data. The long-awaited proposal began under a November 2020 Advanced Notice of Public Rulemaking (ANPRM), and more recently, the CFPB convened a Small Business Review Panel (SBREFA) for this rulemaking on Feb. 1, 2023. Banking trades have remained involved throu…