On January 16, the DFPI entered into a consent order with a digital financial asset kiosk operator, based on DFPI’s allegations that the operator violated the Digital Financial Assets Law (DFAL), the California Consumer Financial Protection Law (CCFPL), and the Bank Secrecy Act (BSA). According to the consent order, the kiosk operator:Continue Reading DFPI Imposes Up to $1 Million Penalty on Crypto Kiosk Operator for Alleged Digital Financial Assets Law Violation
On January 13, the FTC announced that it had filed a combined motion in the U.S. District Court for the District of Nevada seeking to hold a payment processor and its executives in civil contempt for alleged violations of a previously entered stipulated permanent injunction and final order dating back to 2015.Continue Reading FTC Announces Civil Contempt Motion Seeking Receivership and Expanded Injunctive Relief for Alleged Order Violations
On January 14, the DFPI announced a consent order requiring a crypto lending platform to pay $500,000 in penalties for alleged violations of the California Financing Law and the California Consumer Financial Protection Law. According to the regulator, the company offered crypto-backed consumer and commercial loans to California residents without obtaining a required finance lender license and without adequately considering borrowers’ ability to repay.Continue Reading DFPI Orders Crypto Lending Platform to Pay $500,000 for Alleged Unlicensed Lending and Underwriting Failures
On December 30, Baltimore Mayor Brandon M. Scott announced that the City of Baltimore filed a civil action against a fintech provider offering small-dollar cash advance products, alleging violations of the Baltimore Consumer Protection Ordinance. According to the City, the fintech’s cash-advance product that was promoted as an earned wage access or overdraft-style service but allegedly imposed costs that far exceeded Maryland’s 33 percent interest-rate cap for consumer loans.Continue Reading Baltimore Sues Fintech for Alleged Unfair and Deceptive Cash-Advance Practices
On December 8, the Oregon Department of Consumer and Business Services entered into a consent order with two affiliated companies resolving allegations of violations of the Oregon Consumer Finance Act arising from a bank partnership program. According to the regulator, the companies allegedly charged, contracted for, or received interest above Oregon’s statutory limits on hundreds of consumer loans made to Oregon residents, even though the loans were originated and funded by an out-of-state, state-chartered bank.Continue Reading Oregon Enters $1.56 Million Consent Order Over Alleged Excessive Interest Charges in Bank Partnership Lending Program
On December 9, FinCEN announced a consent order imposing a $3.5 million civil money penalty on a peer-to-peer virtual asset trading platform, alleging willful violations of the Bank Secrecy Act. FinCEN alleged that the platform’s compliance failures allowed it to process substantial volumes of transactions connected to criminal activity, sanctions exposure, and other high-risk conduct over an extended period.Continue Reading FinCEN Assesses $3.5 Million Penalty Against Virtual Asset Platform for Alleged BSA Violations
On November 25, the Washington Department of Financial Institutions (DFI) issued a Temporary Order to Cease and Desist and a Statement of Charges against a virtual-currency kiosk operator, alleging violations of the Uniform Money Services Act arising from its Washington money-transmission activities. The agency alleges that the company engaged in unsafe and unsound practices and failed to safeguard customer funds.Continue Reading Washington DFI Seeks License Revocation and Industry Ban After Alleged Uniform Money Services Act Violations
On November 20, 2025, the CFPB notified staff that it will begin transferring its remaining enforcement lawsuits and other pending litigation to the Department of Justice. The shift comes as the agency anticipates running out of operating funds under the Consumer Financial Protection Act (previously discussed here). Continue Reading CFPB to Begin Transferring Remaining Litigation to DOJ Amid Funding Collapse
On November 17, the FTC announced a final court order permanently banning a small-business financing company and its chief executive from offering business financing, debt relief, and credit repair services and imposing a $48,280,328 monetary judgment to resolve allegations of unfair or deceptive acts or practices under the Federal Trade Commission Act, and violations of the Telemarketing Sales Rule and the Consumer Review Fairness Act. The order follows a summary-judgment ruling entered on September 16. The FTC filed a complaint against the company in November 2024.Continue Reading FTC Permanently Bans Small-Business Financing Firm and CEO for Alleged UDAP and Telemarketing Violations
On November 3, 2025, the Consumer Financial Protection Bureau terminated its 2023 consent order against a national consumer reporting agency. The original order, issued in October 2023, required more than three million dollars in consumer redress and a five million dollar civil money penalty and addressed alleged violations of the Consumer Financial Protection Act, the Fair Credit Reporting Act, and the Economic Growth, Regulatory Relief, and Consumer Protection Act.Continue Reading CFPB Terminates 2023 Consent Order Against a National Consumer Reporting Agency for Alleged Security Freeze Violations
On October 30, the California DFPI entered a consent order with a residential mortgage lender and servicer following a regulatory examination and a directed self-audit. The DFPI alleged violations of the California Residential Mortgage Lending Act and California Civil Code provisions governing when per diem interest may begin to accrue.Continue Reading DFPI Orders Mortgage Lender to Pay $100,000 for Alleged Per Diem Interest and Recordkeeping Violations