In this must-listen episode of Regulatory Oversight, FTC Chairman Andrew Ferguson joins Ashley Taylor and Graham Bryant to reflect on Ferguson’s path from clerking for Justice Thomas and serving as Virginia’s solicitor general to leading the FTC. Ferguson discusses the agency’s enforcement priorities and how the FTC works alongside state attorneys general to maximize consumer redress. He closes with candid advice for companies and counsel navigating matters with the FTC: cooperate early; come prepared with substantive written advocacy well ahead of meetings; and understand that although the FTC prefers to resolve matters cooperatively, it remains prepared to litigate when needed.

In this crossover episode of Payments Pros and The Consumer Finance Podcast, Taylor Gess is joined by colleagues James Stevens and Sarah Hanna from Troutman Pepper Locke’s Corporate and Consumer Financial Services practices to discuss the surge of interest among fintech and point-of-sale finance companies in obtaining bank charters, acquiring existing banks, and forming bank partnerships. With the current administration signaling an open-for-business posture at the federal banking agencies, and the Office of the Comptroller of the Currency (OCC) actively encouraging de novo applications, payment and fintech companies are weighing their options more seriously than they have in years. The conversation covers what is driving the spike in charter applications, including from companies in the crypto, lending, and payments spaces, and how specialty charters are factoring into that trend. James and Sarah also walk through the bank partnership landscape, where enforcement activity has cooled and focus has shifted, and explain how acquiring an existing bank charter compares to starting from scratch on timing, cost, and regulatory complexity. The episode closes with practical guidance for point-of-sale finance companies considering any of these three paths, including why building internal compliance infrastructure early, engaging regulators informally, and retaining regulatory counsel sooner rather than later can make or break a successful launch.

On September 14, 2026, Massachusetts Attorney General (AG) Andrea Campbell announced a settlement with several debt buying and debt collection companies and their owner, resolving a lawsuit that accused them of seizing consumers’ cars to coerce payments on unrelated debts. The defendants are now permanently barred from buying or collecting on debts in the state, leaving them unable to recover approximately $52 million in alleged loans to more than 6,000 Massachusetts consumers.

The U.S. Court of Appeals for the Fifth Circuit recently ruled in NicQuid, L.L.C. v. FDA, No. 24-60272 (5th Cir. Aug. 19, 2026), that the U.S. Food and Drug Administration’s (FDA) “comparative efficacy standard” is a substantive rule that was adopted in violation of the Administrative Procedure Act’s (APA) notice-and-comment rulemaking requirements.

On August 31, 2026, the Federal Trade Commission (FTC), joined by the attorneys general (AGs) of 22 states, filed a complaint in the U.S. District Court for the Western District of Washington alleging that Amazon.com, Inc. overcharged its approximately 1.2 million advertising customers by manipulating the auctions it uses to set ad prices on its platform. The complaint alleges that, for more than seven years, Amazon covertly inflated advertising prices and that the alleged practice likely extracted more than $20 billion from its advertising customers. Amazon has not responded to the complaint yet, and the allegations have not been proven in court.

On September 1, 2026, the New Jersey attorney general and Division of Consumer Affairs announced that Match Group, Inc. (MGI), the Texas-based operator of several major online dating platforms, will pay $650,000 and implement changes to its business practices to settle allegations that it violated New Jersey’s consumer protection and internet dating safety laws. The resulting consent order resolves an investigation into MGI’s disclosures related to criminal background screening, or lack thereof, to its New Jersey users. While the settlement’s implications are greatest for online dating services and the vendors they use to vet their users, all companies that make public representations about their criminal background screening and identity verification procedures should take heed.

On September 2, 2026, a group of tobacco product manufacturers and retailers filed a complaint in federal court, the U.S. District Court for the Northern District of Texas, challenging the U.S. Food and Drug Administration’s (FDA) 2021 premarket tobacco product application (PMTA) rule. Plaintiffs take aim at a regulation they say has made it virtually impossible for the FDA to authorize new tobacco products within the timeline Congress set more than 15 years ago. The case raises fundamental questions about whether a federal agency can adopt a regulatory process that, by design, cannot meet its own statutory deadlines.

On August 31, the U.S. Securities and Exchange Commission (SEC) and the U.S. Food and Drug Administration (FDA) executed a Memorandum of Understanding (MOU) establishing a formal framework for sharing nonpublic information between the two agencies. The MOU takes effect immediately upon signature and reflects a significant step toward coordinated regulatory and enforcement activity at the intersection of public health and financial markets.