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To keep you informed of recent activities, below are several of the most significant federal

Key Points

  • Governor Gavin Newsom appointed former CFPB Director Rohit Chopra as inaugural secretary of California’s new Business and Consumer Services Agency (BCSA) on May 12, 2026, with the agency launching July 1, 2026.
  • The BCSA does not expand the DFPI’s statutory authority under the California Consumer Financial Protection Law (CCFPL), but Chopra’s role as

On August 11, the Colorado Department of Law (DOL) filed proposed rules implementing two significant Colorado artificial intelligence laws, the Automated Decision-Making Technology in Consequential Decisions Act (ADMT Act) and the Conversational Artificial Intelligence Services Act (Chatbot Safety Act), both of which take effect January 1, 2027. As we reported in May (here),

Troutman Pepper Locke’s Securities Investigations and Enforcement team counsels and defends clients through all stages of securities enforcement proceedings. Our attorneys have served in key government agencies and regulatory bodies, and bring their insight to bear in each representation. The team includes a former branch chief of the Division of Enforcement at the SEC, former