On May 14, 2026, Colorado Governor Jared Polis signed Senate Bill 26-189 into law, repealing and reenacting Part 17 of Article 1 of Title 6 of the Colorado Revised Statutes, which was originally adopted under Senate Bill 24-205 (the Colorado Artificial Intelligence Act, or “CAIA”). SB 26-189 is the…
This is a follow up to our April 20, 2026 client alert, “Latest Developments in Meta Pixel Class
Action Litigation Impacting Financial Institutions,” in which we reported that website-tracking
litigation against financial institutions had expanded geographically and diversified into…
On April 20, 2026, the Indiana Court of Appeals affirmed the dismissal of a putative class action challenging overdraft fees assessed by an Indiana credit union, ruling Indiana’s two-year statute of limitations on “[a]n action upon a deposit account” encompasses any cause of action premised on or…
On January 13, 2025, we published a client alert in which we warned that the plaintiffs’ bar had begun adapting theories used in a wave of healthcare website-tracking class actions to target financial institutions, and highlighted a then-recent putative class action against a small Indiana-based…
Banks and credit unions are preparing for the loss of interchange fees on Illinois debit and credit card transactions following the court’s decision in Illinois Bankers Association et al. v. Raoul, No. 24-7307 (N.D. Ill. Feb. 10, 2026), denying (in part) the industry’s request for a permanent…
The U.S. Department of the Treasury has released two new artificial intelligence (“AI”) resources intended to help banks and other financial institutions adopt AI more securely and consistently: (1) an Artificial Intelligence Lexicon, and (2) a Financial Services AI Risk Management Framework (“FS…
On December 12, 2025, the Wisconsin legislature introduced a bipartisan measure (SB 759) that proposes significant amendments to Chapter 138 (Money and Rates of Interest) of the Wisconsin Statutes. SB 759 would implement a 36% annual percentage rate (APR) cap on nonbank consumer loans, codify “true…
On January 20, 2026, the United States Supreme Court issued its unanimous 9-0 opinion written by Justice Alito with a concurrence by Justice Sotomayor in Coney Island Auto Parts Unlimited, Inc. v. Burton and addressed whether vacating a void judgment has a time limit. Prior to the decision, there…
The Indiana Consumer Data Protection Act (INCDPA), effective January 1, 2026, introduces new requirements for businesses that handle personal data of Indiana residents. If your company operates in Indiana or targets Indiana consumers, now is the time to ensure compliance with the INCDPA.
On November 10, 2025, the Tenth Circuit Court of Appeals upheld Colorado’s legislative opt-out from the federal interest rate exportation provisions of the Depository Institutions Deregulation and Monetary Control Act of 1980 (“DIDMCA”). This decision marks a significant shift in the regulatory…
The Consumer Financial Protection Bureau (“CFPB”) has proposed changes to the small business lending data collection requirements under section 1071 of the Equal Credit Opportunity Act (“ECOA”). Section 1071 requires financial institutions to collect and report to the CFPB certain data on…
The Consumer Financial Protection Bureau (“CFPB”) proposed sweeping changes to Regulation B, the implementing regulation of the Equal Credit Opportunity Act (“ECOA”), which is expected to ease the regulatory compliance burden of creditors as well as shakeup the landscape of Special Purpose Credit…
