Minnesota’s governor has now signed into law that state’s comprehensive privacy law. For those keeping count – that is number 19 of state “comprehensive” privacy laws, with six in 2024 alone. The Minnesota law will go into effect on July 31, 2025, thirty days after Tennessee’s.
So Rocket Enterprises (not Rocket Mortgage, for once) was just sued in a TCPA class action down in Texas and this is the weirdest one I have seen in a while. In Grovano Inc. v. Rocket, a liquidation sales website company– yes a business–is suing Rocket for allegedly illegal text messages.
The Biden administration will propose a rule Tuesday to ban medical debt from credit reports. The rule, which will be announced by Vice President Kamala Harris and Consumer Financial Protection Bureau Director Rohit Chopra, comes as President Joe Biden beefs up his efforts to convince Americans his administration is lowering costs, a chief concern for voters in the upcoming election.
The CFPB issued its final rule, titled the Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders Final Rule, on June 3, 2024. The rule will require certain nonbank entities to register certain covered enforcement or court orders, and comply with ongoing, attested reporting requirements on the entity’s compliance with such orders.
(Bloomberg) -- US consumer borrowing increased in April by less than forecast as credit-card balances declined for the first time in three years.
.jpg)
.jpg)