On July 10, 2026, New York City Department of Consumer and Worker Protection (DCWP) finalized and adopted its “Click-to-Cancel Rule,” which takes effect on Oct. 1, 2026.
California DFPI Announces $1M Settlement with Yotta for ‘FDIC Insurance’ Misrepresentations
California’s DFPI reached a $1 million settlement with Yotta Technologies over alleged false FDIC insurance representations connected to the Synapse bankruptcy, signaling heightened state scrutiny of fintech-bank partnerships and banking-as-a-service models.
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NYC Proposes New Rules for Auto-Renewal Subscriptions
NYC advances proposed rules on subscription cancellations, expanding enforcement against negative option offers and outlining new disclosure and notice requirements.
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California DPFI Suspends Implementation, Enforcement of State’s New Investor Law
On March 17, 2026, the California Department of Financial Protection and Innovation announced it would suspend implementation of the California Fair Investment Practices by Venture Capital Companies Act.
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Federal and State Efforts Intensify Focus on ‘Debanking’
In 2025, debanking initiatives continued to intensify, with new guidance, legislation, and other actions at both the federal and state levels aimed at so-called “discriminatory debanking.”
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NYDFS Final Cybersecurity Rules – MFA, Asset Inventory, and Third-Party Risk
The last remaining provisions of the amendments to the New York Department of Financial Services’ (DFS) cybersecurity regulation called Part 500 came into effect Nov. 1, 2025.
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Amended New York Transparency Act Broadens Entity Reporting Obligations Beyond Federal Standards
In the last week of the New York State legislative session, the Senate and Assembly passed S8432/A8662-A. As of Oct. 22, 2025, this legislation has not been sent to the governor for her signature.
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Florida Office of Financial Regulation Seeks to Amend and Expand Scope of De-Banking Rules
On Sept. 30, 2025, the OFR requested approval from the Florida Financial Services Commission to publish a Notice of Proposed Rule to amend Rules 69U-100.323 and 69U-100.3231 and for final
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New York Enacts Landmark ‘Buy Now, Pay Later’ Regulation Amid Federal Regulatory Recalibration
As part of its FY 2026 budget, New York has enacted legislation to regulate Buy Now, Pay Later (BNPL) products and providers.
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California DFPI Issues Formal Rulemaking for Digital Financial Asset Regulation
The California Department of Financial Protection and Innovation (DFPI) on April 4, 2025, issued its formal notice of rulemaking for digital financial business regulation, following receipt of two sets of 2024 comments on its draft proposed rules for California’s “Digital Finance Assets Law” (DFAL) (AB 39 and SB 401, 2023).
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