California recently signed into law Senate Bill No. 446, which amends its data breach notification law, Section 1798.82 of the Civil Code, to require covered companies to notify affected California residents within 30 calendar days of discovery of the data breach. The amendment takes effect January 1, 2026.
Auto finance fraud is taking a growing toll on lenders — costing the industry billions each year. While it occurs less often than fraud on credit cards or personal loans, each case carries a far greater financial impact, often resulting in large charge-offs that can significantly damage portfolio performance.
Recent research analyzing nearly 4.9 million loan originations across auto, credit card, and unsecured personal loans found that losses tied to fraudulent auto loans were especially severe.
The Massachusetts Division of Banks ("DOB") has revised its regulation that governs the conduct of debt collectors, student loan servicers, and third-party loan servicers. The revised regulation became effective in late September. So, what's new?
On October 29, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its rule requiring nonbank entities to register certain agency and court orders with the Bureau. This decision follows a proposal made earlier this year (discussed here), which highlighted concerns about the regulatory burden and costs imposed on nonbank entities, which could ultimately affect consumers.
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in August 2025.
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