From the CFPB to the Courtroom: Former Enforcement Chiefs Launch Public Interest Powerhouse HPM

By PYMNTS | July 14, 2026 In a significant development for the landscape of American consumer and civil rights advocacy, three high-ranking former enforcement officials from the Consumer Financial Protection Bureau (CFPB) have announced the formation of a new public interest law firm. The firm, Halperin Petersen & Mikkilineni LLP (HPM), seeks to fill a…

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Federal Reserve Issues Enforcement Action Against TS Banking Group Over Capital and Liquidity Concerns

TREYNOR, IOWA — In a significant move that underscores the tightening regulatory environment for regional and community lenders, the Federal Reserve has issued a formal enforcement action against TS Banking Group and its subsidiary bank holding company, TS Contrarian Bancshares. The order, dated July 10, 2026, mandates that the Iowa-based institutions take immediate and comprehensive…

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The Great Regulatory Retreat: Brookings Study Reveals Dramatic Slump in Federal Reserve Enforcement Actions

WASHINGTON D.C. — A comprehensive new study by the Brookings Institution has pulled back the curtain on a decade of shifting financial oversight, revealing a startling divergence in how America’s top banking regulators police the industry. According to researchers Aaron Klein and Justin Connell, the Federal Reserve has overseen a dramatic and "perplexing" decline in…

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The Fall of the Spider: How Two British Teenagers Crippled Infrastructure and Defied Global Law Enforcement

In a landmark development for international cybersecurity, two young men from the United Kingdom have pleaded guilty to orchestrating a sophisticated cyberattack that paralyzed Transport for London (TfL) in August 2024. The guilty pleas, entered on the first day of what was scheduled to be a grueling six-week trial, mark a significant victory for law…

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Financial Exclusion as Policy: The Administration’s New Front in Immigration Enforcement

WASHINGTON — In a coordinated move that has sent shockwaves through the financial services industry and civil rights advocacy groups, the Trump Administration has launched a dual-pronged strategy aimed at leveraging the banking system to bolster its mass deportation agenda. On Friday, June 5, 2026, the Consumer Financial Protection Bureau (CFPB), under the leadership of…

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