State attorneys General (AGs) continue to emerge as major regulators of financial services and show little sign of being cowed by their federal counterparts....or efforts to preempt state authority.
This past week, representatives of the consumer protection divisions of the AGs of nearly all 50 states plus officials from the FTC and CFPB met in Phoenix to compare notes and coordinate activity on a range of issues impacting consumers. Among the issues addressed, none was more prominent that those involving consumer financial services. Key panels at the meeting addressed state involvement in FinTech, Payday Lending and Structured Settlements.
This article is presented for informational purposes only and is not intended to constitute legal advice.