Financial Services
July 24, 2025
Krieg DeVault LLP is pleased to announce that attorney Keaton J. Miller has joined the firm as a member of its Financial Institutions Practice. Mr. Miller brings with him a distinctive combination of legal and financial industry experience, having served as Senior Vice President and Senior…
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By: Maria Vladimirova Geltz and David A. Bowen
on July 21, 2025
On July 4, 2025, President Trump signed the "One Big Beautiful Bill Act" (“OBBBA”) into law. The OBBA is sweeping legislation that introduces significant reforms across multiple sectors, including financial services, agriculture, education, energy, and consumer protection. This alert highlights the…
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By: David A. Bowen, Michael R. Schumann, and Brett J. Ashton
on May 13, 2025
On May 9,2025, the Consumer Financial Protection Bureau (“CFPB”) filed a formal notice withdrawing 67 regulatory guidance documents in the Federal Register (here). The withdrawal of these various policy statements, interpretative rules, and advisory opinions (collectively, the “Withdrawal”) is…
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By: David A. Bowen
on April 10, 2025
On April 7, 2025, the Federal Communications Commission (FCC) granted a limited waiver delaying the effective date of part of Section 64.1200(a)(10), which was issued in a February 2024 Order amending the rules implementing the Telephone Consumer Protection Act (TCPA). This action comes after the…
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By: David A. Bowen
on February 10, 2025
On January 24, 2025, the Eleventh Circuit Court of Appeals reversed the Federal Communications Commission’s (FCC) one-to-one consent rule1 issued in 2023 under the Telephone Consumer Protection Act (TCPA). In Insurance Marketing Coalition, Ltd. (IMC) v. Federal Communications Commission, the Court…
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By: Brett J. Ashton, Kay Dee Baird, David A. Bowen, and Scott S. Morrisson
on January 13, 2025
Many financial institutions use the services of technology companies like Facebook or Google to track and record customer interactions with their website through the use of Meta Pixels, Internet Cookies, or other tracking technology to continually improve the ways in which they service their…
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By: Brett J. Ashton and Alexus D. Lucas
on November 11, 2024
On October 22, 2024, the Consumer Financial Protection Bureau (the “CFPB”) released its final rule (the “Rule”) on Personal Financial Data Rights under Section 1033 of the Consumer Financial Protection Act. The Rule requires data providers to make consumer’s covered data electronically available to…
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By: Brett J. Ashton, Michael J. Messaglia, and Maria Vladimirova Geltz
on July 1, 2024
With the pace of regulatory rulemaking and overall regulatory burden facing the financial services industry, it would be understandable if the significance of a U.S. Supreme Court decision about the number of observers on a fishing vessel required under a regulation from the National Marine…
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By: Michael J. Messaglia
on April 4, 2024
The U.S. Department of the Treasury recently released a comprehensive report on managing artificial intelligence (AI) specific cybersecurity risks within the financial services sector. The Report was issued as just one of the steps mandated by Executive Order 14110 on Safe, Secure, and Trustworthy…
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By: Laurie A. Martin Montplaisir and Brett J. Ashton
on October 9, 2023
The California Department of Financial Protection and Innovation (“DFPI”) recently adopted a new unfair, deceptive, and abusive acts and practices regulation (the “UDAAP Regulation”) appliable to commercial lenders extending credit to small businesses (defined as a business with annual gross…
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