Texas Attorney General Ken Paxton has launched a major data privacy and security initiative, establishing a team that is focused on aggressive enforcement of Texas privacy laws. The initiative, housed within the Consumer Protection Division of the OAG, will ensure companies respect Texans’ privacy rights and safeguard their personal data. The team is poised to become among the largest in the country focused on enforcing privacy laws.
ALEXANDRIA, Va. (June 5, 2024) – According to the latest financial performance data released today by the National Credit Union Administration, total assets in federally insured credit unions rose by $96 billion, or 4.4 percent, over the year ending in the first quarter of 2024 to $2.31 trillion. During the same period, total loans outstanding increased $71 billion, or 4.6 percent, to $1.60 trillion. Insured shares and deposits rose $40 billion, or 2.3 percent, to $1.77 trillion, from one year earlier.
On May 16, the Maryland Office of Financial Regulation (OFR) publicized an April 30 settlement agreement pursuant to which the Maryland banking agencies will withdraw its four counts against the bank and dismiss the case with prejudice.
In a recent court order (PDF), a plaintiff’s request for a proposed complaint was denied because of his past behavior as a “vexatious litigant” for attempting to invalidate his bankruptcy status on a previous case against Wells Fargo and HSBC Bank.
In federal courts across Texas, powerful business interests and federal regulators are duking it out over several Biden Administration efforts aimed at reining in corporate power, increasing consumer protections and making financial services more equitable.
.jpg)
.jpg)