OCC and FDIC Narrow How Bank Examiners Flag Unsafe Practices
A new OCC-FDIC rule ties formal bank warnings more closely to material financial risks, legal violations and threats to the Deposit Insurance Fund.
Consumer Protection
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Connecticut sues Kalshi over sports contracts as court fight moves forward
Connecticut is seeking to block Kalshi from offering sports-related event contracts without a state gambling license as the legal dispute moves into federal court.
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Arkansas Could Receive About $172.5 Million From Approved Meta Child-Safety Settlement
Arkansas is expected to receive about $172.5 million from Meta’s approved multistate settlement, but payment timing, state spending and platform rollout details remain ahead.
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Virginia to receive at least $353 million from proposed Meta settlement over child-safety claims
Virginia could receive at least $353 million under a proposed Meta settlement, plus a separate $11 million payment tied to Facebook data-sharing claims. Federal court approval is required before the agreement takes effect.
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Vermont’s proposed $92.7 million Meta settlement awaits court approval
Vermont would receive $92.7 million from Meta under a proposed settlement that would add new limits and safety controls for users under 18. Court approval is still required, and lawmakers would decide how the money is spent.
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Meta proposes up to $17.1 billion youth-safety settlement
A proposed federal settlement would limit minors’ time on Facebook and Instagram, but the deal still needs approval from a California federal judge.
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FTC order targets broker accused of bypassing concert ticket limits
A federal order bars Elite Events from evading ticket limits after the FTC alleged thousands of accounts and other tools were used to buy and resell tickets.
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New Jersey’s $545.9 Million Meta Settlement Is Not a Check to Families
New Jersey is guaranteed $545,905,959 under a proposed Meta settlement, paid over 10 years through the attorney general’s office. Additional money is possible, but court approval is still pending.
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Minnesota could get at least $214 million under proposed Meta settlement, with $307 million maximum
A proposed Meta settlement could send Minnesota $214.3 million in guaranteed payments and as much as $306.7 million if contingency conditions are met. The agreement would also impose new default safety controls on teen Facebook and Instagram accounts, but nothing is final until a federal judge acts.
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Seattle’s new Do Not Solicit registry targets unwanted home-buying pitches
Seattle has approved a registry to curb covered unsolicited home-sale pitches, but the program will not take effect until June 1, 2027.
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Federal prosecutors seek victims in alleged $100 million nonprofit trust fraud case
The Aug. 14 deadline for victim input has passed, but the FBI questionnaire remains available as prosecutors evaluate possible plea talks.
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Colorado’s new sports-betting restrictions take effect as wagers reach a record $6.4 billion
Colorado’s sports-betting laws now prohibit credit-card deposits, limit customers to six deposits per gaming day and expand oversight as wagering reaches a record $6.4 billion.
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Senate examines the consumer cost of AI-driven surveillance pricing
A Senate hearing examined personalized pricing, electronic shelf labels and consumer-data use while stressing that no nationwide grocery-pricing rule has changed.
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CFPB’s future remains unsettled after court pauses layoff case
A July 10 court pause leaves the CFPB’s proposed layoffs and legal status unresolved while Senate action and consumer complaint access remain in focus.
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Healthcare software breach may expose data of 3.8 million people
Patients are receiving notices after a healthcare software vendor said an October 2025 intrusion may have exposed sensitive information nationwide.
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CFPB sues Snap Finance over alleged deceptive high-cost financing and collection practices
The Consumer Financial Protection Bureau alleges Snap Finance and affiliated companies misrepresented financing costs and used unlawful collection tactics.
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CFPB’s 2026 Agenda Signals a Narrower, Reshaped Consumer-Finance Oversight Regime
The Consumer Financial Protection Bureau’s 2026 agenda outlines planned actions across auto finance, credit reporting, debt collection and money transfers as congressional scrutiny continues.
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FTC Seeks Public Comment on Proposed Policy for AI Accuracy and System Manipulation
The Federal Trade Commission is asking for public comment on a proposed policy statement about how Section 5 of the FTC Act could apply to companies marketing artificial intelligence systems.
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FTC says Celsius executives will pay $16.5 million and accept cryptocurrency marketing bans
The Federal Trade Commission says Alexander Mashinsky, Shlomi Daniel Leon and Hanoch Goldstein agreed to pay $16.5 million and accept restrictions on marketing cryptocurrency products.
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European Commission Fines AliExpress €550 Million Over Illegal, Unsafe and Counterfeit Products
The European Commission said AliExpress breached the EU Digital Services Act by failing to properly assess and mitigate risks involving illegal, unsafe and counterfeit products on its online marketplace.
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FTC Says Elite Events Will Pay $300,000 Over Alleged Ticket-Limit Evasion
The Federal Trade Commission says ticket broker Elite Events and its operators bypassed purchase limits while buying millions of dollars in tickets to high-demand events.
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FTC Seeks Comments on Proposed Policy Targeting Hidden AI Output Manipulation
The Federal Trade Commission is seeking comments on a proposed policy statement that could treat undisclosed manipulation of generative-AI outputs as deceptive or unfair conduct under federal law.