On 12 May 2026, HM Treasury published its formal response to its July 2025 consultation on cross-cutting reforms to the UK regulatory framework, a key pillar of the government’s Financial Services Growth and Competitiveness Strategy. The response confirms that the government will introduce primary legislation to reform the legislative framework around how the Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA) operate. These reforms …
California DFPI Issues Annual Report Detailing Key Consumer Protection Accomplishments
On May 29, 2025, the California Department of Financial Protection and Innovation (DFPI) issued its annual report highlighting its activities and accomplishments in 2024 under the California Consumer Financial Protection Law (CCFPL). The DFPI reported that it issued regulations with new registration requirements for providers of earned wage access products, private postsecondary education financing, debt settlement services and student debt relief services – all of …