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    • COMMUNITY DEVELOPMENT—Treasury proposes single-family home purchase rules for large institutional investors
    • BANKING OPERATIONS—Fed, FRBKC ask Supreme Court to deny Custodia master-account review
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    • ENFORCEMENT ACTIONS—17 state AGs, Snap Finance reach $664 million rental-purchase settlement
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    • EXPERT INSIGHTS—FDIC issues proposal on bank merger transactions, signaling modernized approach to merger review
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    • PREEMPTION—D. Or.: States oppose dismissal, transfer in OCC escrow preemption suit
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    • UNFAIR DECEPTIVE ABUSIVE ACTS OR PRACTICES—New York City bill proposes $2,500 private right of action for unfair business practices
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    Banking and Finance Law Daily Wrap Up, UNFAIR DECEPTIVE ABUSIVE ACTS OR PRACTICES—New York City bill proposes $2,500 private right of action for unfair business practices, (Oct 22, 2026)

    Organizations Mentioned:Ballard Spahr LLP | Troutman Pepper Locke

    By Lauren Bikoff, MLS

    If enacted, the law would take effect immediately.

    The New York City Council introduced the People and Organizations Winning Economic Relief (POWER) Act (Int. No. 1105) on October 8, at Mayor Zohran Mamdani’s request, proposing to prohibit unfa ...

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