Month: July 2025

As anticipated, a Consumer Financial Services Bureau (CFPB) withdrawal may not be a “final” as it seems! In early May, the CFPB withdrew a slew of guidance, interpretive rules, policy statements and advisory opinions, and backed away from a variety of litigation matters. See 90 Fed. Reg. 20084 (May 12, 2025), various court filings and our Alert of May 16, 2025. But it just reinstated…
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The U.S. House of Representatives successfully passed three “crypto”-related measures this week: the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, the Digital Asset Clarity (CLARITY) Act and the Anti-CBDC Surveillance State Act. See our ALERT of July 11, 2025. The GENIUS Act goes to the President for signature in a scheduled Friday afternoon ceremony. The other two measures will proceed to the U.S. Senate for consideration. Together, these measures would usher in a significant measure of much needed certainty that can provide a launching pad for the digital economy in the realm of finance…
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The U.S. House Committee on Financial Services has declared the week of July 14th as “Crypto Week”, when the House will consider the “GENIUS” Act, the “CLARITY” Act and the Anti-CBDC Surveillance State Act. These measures will usher in a significant measure of much needed certainty that can provide a launching pad for the digital economy to challenge, parallel and potentially enhance the traditional financial services industry in the U.S. and the world economy at large…
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The California requirement that all contracts creating a medical debt contain certain statutory language went into effect on July 1, 2025. See our ALERTS of May 30, 2025 and Nov. 21, 2024. Part of S.B. 1061, which amended and expanded the state law to incorporate new restrictions on consumer medical debt reporting, the statute requires that contracts creating a medical debt on or after July…
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