Enforcement

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On October 17, 2025, the California Department of Financial Protection and Innovation (DFPI) entered a consent order with a licensed consumer lender, alleging violations of the Fair Access to Credit Act, which amended the California Financing Law to cap interest rates and fees on consumer loans between $2,500 and $10,000. The DFPI alleged that the lender charged rates and administrative fees above those limits and continued the practice as recently as January 2023.

Continue Reading DFPI Orders Lender to Pay $1 Million for Alleged Violations of the Fair Access to Credit Act

On October 16, the OCC announced a formal agreement with a national bank in Florida for alleged unsafe or unsound practices related to board oversight, corporate governance, strategic and capital planning, and compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) requirements. The OCC also alleged violations involving the Suspicious Activity Reports rule under the Bank Secrecy Act and the due diligence program requirements for correspondent accounts for foreign financial institutions under the USA PATRIOT Act.

Continue Reading OCC Settles with Bank Over Alleged BSA/AML Violations

On October 6, the DFPI issued a Desist and Refrain Order against a digital-asset ATM operator for alleged violations of the California Digital Financial Assets Law (DFAL) and the California Consumer Financial Protection Law (CCFPL). The DFPI alleged that the company, which operates cryptocurrency kiosks throughout Northern California, repeatedly accepted and transmitted cash in excess of statutory transaction limits, charged unlawful fees, and failed to provide required disclosures and receipts to consumers in connection with the purchase and sale of digital assets.

Continue Reading DFPI Orders Crypto Kiosk Operator to Cease Operations for Alleged Violations of Digital Financial Assets Law

On September 26, 2025, financial regulators in Hawaii, Idaho, Oregon, and Texas entered into a multistate Settlement Agreement and Consent Order with a mortgage company to resolve allegations of unlicensed activity, inadequate supervision, and examination noncompliance under each state’s mortgage licensing laws. The agreement followed a coordinated multistate examination conducted in October 2023.

Continue Reading Four States Settle with Mortgage Company for Alleged Unlicensed Activity

On September 24, the Connecticut Department of Banking entered a consent order with a lender that offered advances based on anticipated personal-injury recoveries. The Department alleged that the company’s products constituted “small loans” under the Connecticut Small Loan and Related Activities Act and that the company had extended and collected such loans without first obtaining a state license.

Continue Reading Connecticut Department of Banking Issues Consent Order for Alleged Unlicensed Small-Loan Activity

On September 30, the FTC and the DOJ announced a settlement resolving allegations that a Massachusetts-based disability-advocacy company and its subsidiary violated the Telemarketing Sales Rule and FTC Act. The FTC alleged that the companies unlawfully contacted consumers through robocalls and calls to numbers on the National Do Not Call Registry to market Social Security Disability Insurance benefits.

Continue Reading FTC and DOJ Settle with Disability-Advocacy Company for Alleged Illegal Telemarketing Practices

On September 18, the OCC announced its monthly enforcement actions for September, which included the termination of a 2023 consent order against a national bank and the termination of a 2020 consent order against a federal savings association. Both terminations followed earlier OCC findings of unsafe or unsound practices and alleged violations of federal banking and consumer protection laws.

Continue Reading OCC Terminates Two Consent Orders

On September 22, 2025, the CFPB terminated two consent orders, one involving a national bank and the other involving a mortgage servicer. The orders were originally issued under prior administrations and alleged violations of the Home Mortgage Disclosure Act (HMDA), the Consumer Financial Protection Act (CFPA), the Real Estate Settlement Procedures Act (RESPA), and the Fair Credit Reporting Act (FCRA).

Continue Reading CFPB Terminates HDMA and FCRA Consent Orders

On September 11, the Federal Trade Commission announced final orders permanently banning two individual defendants from the debt relief industry and imposing asset surrender provisions to resolve allegations of a fraudulent student loan forgiveness scheme. The FTC alleged violations of the Federal Trade Commission Act, the Telemarketing Sales Rule, the Gramm-Leach-Bliley Act, and the FTC’s new Impersonation Rule.

Continue Reading FTC Bans Student Loan Debt Relief Operators for Alleged Deceptive Practices

On September 8, the D.C. Attorney General filed a lawsuit in D.C. Superior Court against a crypto ATM operator alleging violations of the Consumer Protection Procedures Act and the Abuse, Neglect, and Financial Exploitation of Vulnerable Adults and the Elderly Act. The suit also alleges unlicensed money transmission activity in the District.

Continue Reading D.C. Attorney General Sues Crypto ATM Operator for Alleged CPPA and Elder-Exploitation Violations