Finance Law and Banking Law

Delaware, Illinois, and Vermont have enacted comprehensive financial services legislation addressing digital assets, stablecoins, buy now pay later products, and sales-based financing, while the Federal Reserve proposes significant updates to anti-money laundering program requirements for supervised banks. These regulatory developments establish new licensing frameworks, consumer protections, and compliance standards that will reshape oversight of emerging financial technologies and traditional banking oper

Ballard Spahr's Consumer Finance Monitor delivers comprehensive analysis of the latest developments in mortgage banking, consumer financial services regulation, and enforcement actions. This edition examines HUD's FHA policy modifications, the CFPB's restructuring dispute, Supreme Court decisions on agency independence, and emerging regulatory trends affecting lenders, servicers, and financial institutions.

Minnesota has enacted legislation to license small and short-term loan arrangers while exempting certain mortgage originators and servicers from specific licensing requirements. Vermont has also passed a commercial financing licensing bill, marking significant developments in state-level financial services regulation.