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Governor Mikie Sherrill has announced her intention to nominate Christopher L. Peterson, one of the nation’s best-known consumer protection scholars and former senior Consumer Financial Protection Bureau official, to serve as Director of the New Jersey Division of Consumer Affairs. Peterson will begin serving as Acting Director on August 3, pending his formal nomination and confirmation by the New Jersey Senate. … Continue Reading

Today marks a milestone that is professionally meaningful to our Consumer Financial Services Group. Fifteen years ago, on July 21, 2011, the very day the Consumer Financial Protection Bureau (CFPB) officially opened its doors and began operations, Ballard Spahr launched ConsumerFinanceMonitor.com.

At the time, we believed that the creation of the CFPB would fundamentally reshape the consumer financial services industry.… Continue Reading

North Carolina has become the first state in the nation to enact a comprehensive prohibition on third-party litigation financing in civil cases. Governor Josh Stein signed House Bill 315, now Session Law 2026-14, titled the “Prohibit Litigation Investments Act” on June 22, 2026, at which point it took effect. It applies to civil proceedings commenced on or after June 22, 2026 or litigation funding contracts entered into, renewed or amended on or after June 22, 2026.… Continue Reading

We are pleased to announce that Ballard Spahr’s Consumer Financial Services Group has once again been recognized by Chambers USA: America’s Leading Lawyers for Business in all three nationwide consumer finance categories: Compliance, Enforcement & Investigations, and Litigation.

Since Chambers first established these nationwide consumer finance rankings, our Consumer Financial Services Group has been ranked in each category every year.… Continue Reading

At a time when consumer financial regulation is both rapidly evolving and deeply contested, the launch of the Institute for Consumer Financial Choice (ICFC) represents a significant and timely development. Housed within the Law & Economics Center at George Mason University Antonin Scalia Law School, the ICFC is designed to bring rigorous, evidence-based analysis to some of the most important questions in consumer finance.… Continue Reading

Ballard Spahr is pleased to announce that Adam Maarec, a member of the Consumer Financial Services Group, has been admitted as a Fellow of the American College of Consumer Financial Services Lawyers, a prestigious, invitation-only organization that recognizes preeminent lawyers in the field of consumer financial services law.

The College is widely regarded as the leading professional association in this area.… Continue Reading

The American College is now inviting nominations of outstanding lawyers who have achieved preeminence in consumer financial services law. Nominees must:

  • Have 10+ years of experience practicing consumer financial services law;
  • Have a U.S. consumer financial services law practice;
  • Have achieved preeminence in the field through repeated and substantial contributions (e.g.,
… Continue Reading

Thirty-two attorneys general representing states, territories and Washington, D.C. are asking Congress to pass legislation to provide financial institutions a safe harbor if they provide services to marijuana-related businesses in states where cannabis is legal.

“Numerous state cannabis regulatory agencies have reported they have been turned away by the financial institutions that regularly service those agencies for other needs when the agencies have sought to bank cannabis licensees’ tax and other payments,” the AGs wrote in a letter to Congressional leaders and chairmen and ranking members of House and Senate committees dealing with banking issues.… Continue Reading

I am pleased to report that Ballard Spahr’s Consumer Financial Services Group was once again ranked nationally by Chambers USA: America’s Leading Lawyers for Business in all three national consumer finance categories: Compliance, Enforcement and Investigations, and Litigation. Chambers has year-after-year ranked our Consumer Financial Services Group ever since it began ranking firms in the U.S.… Continue Reading

We are very proud to report that podcast database service Million Podcasts has ranked Ballard Spahr’s Consumer Finance Monitor podcast in the top 25 among hundreds of financial services podcasts nationally. The service recently published a list of the top 100 financial services podcasts.

Consumer Finance Monitor also ranks as the top law firm podcast among the top 100 financial services podcasts, as well as the only one focused on consumer financial services.… Continue Reading