Colorado joined a 21-attorney-general coalition suing to challenge a FinCEN rule that exempts nearly all businesses from Corporate Transparency Act ownership-reporting requirements, as well as plans to delete existing ownership records. The coalition alleges violations of the Corporate Transparency Act and Administrative Procedure Act and asks the court to invalidate the rule and require FinCEN to continue collecting and maintaining the records.
The coalition asks the court to invalidate the FinCEN rule and require continued collection and maintenance of ownership records for law enforcement investigations; no court-ordered remedy or penalty is reported yet.
Review vendor and corporate-services agreements that support entity formation, compliance, or beneficial-ownership reporting for clear allocation of responsibility to collect, verify, file, and retain ownership information, including procedures if reporting rules change or are challenged. Check data-processing and confidentiality clauses for permitted government disclosures and secure retention of ownership records, and confirm that deletion obligations do not require destroying records subject to legal or regulatory retention duties. Customer and employee agreements are less directly implicated, but any terms governing ownership data or regulatory disclosures should be consistent with these requirements.
Entity
U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN)
Industry
Financial ServicesOfficial Press Release
https://coag.gov/press-releases/weiser-sues-to-stop-trump-admin-from-gutting-law-that-uncovers-financial-crimes/
1. FinCEN Rule XXXX Complaint 1 10.27.26
https://coag.gov/app/uploads/2026/10/1.-FinCEN-Rule-XXXX-Complaint-1-10.27.26.pdf
Colorado Attorney General Enforcement Page
https://coag.gov/
"the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN)"
"Oct. 27, 2026"
"Violated the Corporate Transparency Act and Administrative Procedure Act."
"FinCEN then went further, announcing plans to delete existing ownership records that could contain evidence of unsolved crimes."
"The coalition asks the court to invalidate the rule and require FinCEN to continue collecting and maintaining ownership records for law enforcement investigations."
The Colorado Domestic Violence Fatality Review Board’s 2026 report describes domestic violence fatalities in Colorado and identifies trends and prevention opportunities. It is a public report, not a privacy enforcement action, and the release announces no penalty or remedy.
Colorado, the FTC, and a bipartisan group of state attorneys general filed suit to block PlayPower’s proposed acquisition of Burke, alleging the merger would reduce competition in the commercial playground equipment market. They ask the court to permanently enjoin the merger and award costs, attorneys’ fees, and other appropriate relief.
Colorado Attorney General Phil Weiser led a multistate coalition in filing a notice in Character Technologies, Inc.’s bankruptcy, citing concerns about the company’s safety and privacy practices and sensitive chatbot conversations involving children and adults. The filing seeks protections in any sale or transfer of the company’s business or assets; no penalty or final remedy is reported.
Colorado Attorney General Phil Weiser issued a public advisory explaining that e-bikes must meet statutory class requirements and that retailers must clearly disclose what they are selling. The advisory warns that marketing a higher-powered electric vehicle as an e-bike without required disclosures may violate state consumer protection law; it announces no penalty or binding remedy.
Colorado Attorney General Phil Weiser and a multistate coalition sued the U.S. Department of Labor over its termination of grants for unemployment insurance system improvements. The states allege the terminations breached their grant agreements and seek money damages; the release does not describe a privacy violation or an imposed penalty.
Colorado Attorney General Phil Weiser joined a multistate coalition in a comment letter opposing HHS’s proposed cuts to Head Start standards. The letter argues the changes could reduce protections and services for children and families; it is an advocacy action, not an enforcement action imposing a penalty or remedy.