On September 27, California Governor Gavin Newsom signed Senate Bill 1311, the Military and Veteran Consumer Protection Act of 2022 (the Act), into law. The Act takes direct aim at, among other things, the Military Lending Act’s (MLA) exceptions for loans obtained to purchase motor vehicles and other forms of personal property. It goes
Michael Yaghi handles high-profile state attorneys general, FTC, and CFPB investigations by advising clients through these complex government inquiries. He assists clients through the entire life cycle of investigations, from regulatory enforcement through formal litigation.
Texas AG Joins Wave of Investigations Into Credit Ratings Companies’ ESG Data Usage in Financial Decision-Making
Texas Attorney General (AG) Ken Paxton co-signed two letters to Morningstar, Inc. and its subsidiary Sustainalytics, joining multistate investigations into the credit ratings giant, as part of a growing trend among attorneys general and state legislatures to target the use of environmental, social, and governance (ESG) data in financial decision-making.
The lone star state’s AG…
California AG Sends Letter to Hospital CEOs on Use of Artificial Intelligence
California Attorney General Rob Bonta sent a letter to hospital CEOs on potential bias in artificial intelligence as part of a growing trend among attorneys general and lawmakers concerning bias in machine learning.
On August 31, California Attorney General (AG) Rob Bonta sent a letter to hospital CEOs across California, opening an inquiry about potential…
Colorado AG Weiser Issues Remote Work Guidance for Licensed Lenders
In June 2022, Colorado enacted HB22-1410, a law governing remote work for licensed lenders. Specifically, the law amends the Uniform Consumer Credit Code by permitting employees of a supervised lender to work remotely. A “remote location” is defined in the law as “a private residence of an employee of a licensee or another location selected…
FTC and Six States Sue Roomster Over Alleged Deception, Including Fake Reviews
The FTC and six states allege violations of the FTC Act and various state statutes, prohibiting deceptive trade practices (state UDAP statutes) at a cost of over $27 million to consumers.
Roomster Corp. (Roomster) operates a website and app that can be used, in exchange for payment, to find and connect with roommates or rooms/properties…
Troutman Pepper Expands Leading State Attorneys General Practice with Two Top Partners in Orange County
Clayton Friedman and Michael Yaghi Bring Decades of Consumer Regulatory Expertise to Firm
ORANGE COUNTY, Calif. – Clayton Friedman and Michael Yaghi, two leading authorities in the state attorneys general space, have joined Troutman Pepper’s nationally recognized State Attorneys General Practice Group in Orange County, CA as partners. The pair previously practiced at Crowell…