The Federal Reserve’s latest report on consumer credit, released Friday (June 7) may give a sign that consumers are pulling back on spending and paying down card debt.
On June 3, 2024, the Consumer Financial Protection Bureau (CFPB) published a final rule requiring covered nonbanks – generally nonbanks that are “covered persons” under the Dodd-Frank Act, subject to certain exceptions – to report final agency and court orders to the CFPB. These records will be incorporated into a newly established registry designed to allow the CFPB, other regulators, industry watchdogs, and the public to “identify repeat offenders and recidivism trends.”
Legislation passed in the final hours of the 2024 Session should give significant relief for many Minnesotans struggling to pay medical debt.
Constitutionality concerns cleared, the Consumer Financial Protection Bureau (CFPB) on June 3 issued its final rule creating a registry identifying covered nonbanks subject to government agency enforcement orders.
As we predicted in our assessment of U.S. advertising and privacy trends in February of this year, states have continued to adopt comprehensive privacy laws during their 2024 legislative sessions. To date, nineteen states (California, Colorado, Connecticut, Delaware, Florida, Indiana, Iowa, Kentucky, Maryland, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, Oregon, Tennessee, Texas, Utah, and Virginia) have enacted comprehensive privacy laws that provide consumers with certain rights regarding their personal data and impose obligations on businesses that process personal data.
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