United States: Consumer Credit

The mature Fintech ecosystem and prominence of non-bank specialist lenders have radically transformed the landscape of credit lending markets.

On October 14, the Maryland Office of Financial Regulation (OFR) issued regulatory guidance explaining three new state laws governing the collection and reporting of medical debt.

On October 1, 2025, Nevada's Senate Bill 437 took effect, modernizing Nevada's Installment Loan and Finance Act to reflect the growth of online consumer lending and "buy now, pay later" (BNPL) products.

Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.

On May 30, the CFPB and a national pawn store operator filed a joint status report in the U.S. District Court for the Northern District of Texas announcing that they have reached an agreement to resolve a 2021 Bureau lawsuit alleging violations of the Military Lending Act (MLA) and a 2013 CFPB consent order.

On April 7, the FDIC and the Maryland Office of Financial Regulation terminated two consent orders against a regional bank headquartered in Maryland.

On December 13, 2024, the Consumer Financial Protection Bureau (CFPB) published in the Federal Register a proposed rule that would revise Regulation V, the CFPB's regulation implementing the Fair Credit Reporting Act (FCRA).

On December 12, the Consumer Financial Protection Bureau (CFPB) finalized a rule (Rule) designed to reshape the regulatory framework for overdraft credit provided by very large financial institutions.

On Nov. 21, 2024, the Consumer Financial Protection Bureau (CFPB) issued a final rule (Rule), pursuant to 12 U.S.C. § 5514(a)(1)(B), to establish supervisory authority over nonbank entities identified as larger participants in the general-use digital consumer payment applications market.