In this crossover episode of The Consumer Finance Podcast and Regulatory Oversight, Chris Willis is joined by Joseph DeFazio, Bill Foley, and Michael Yaghi to discuss the implications of New York's pending FAIR Act, a significant amendment to the state's UDAAP statute. The FAIR Act aims to broaden consumer protection by lowering the threshold for legal action against unfair and abusive business practices, expanding the ability of consumers, small businesses, and nonprofits to pursue litigation. With expanded enforcement powers for the state and a private right of action, this legislation could dramatically increase litigation risks for financial services companies operating in New York. Tune in to understand how this legislative shift might affect the industry and what steps businesses can take to prepare.