On May 31, 2024, Colorado Governor Jared Polis signed HB 1130 into law. This legislation amends the Colorado Privacy Act to add specific requirements for the processing of an individual’s biometric data. This law does not have a private right of action.
U.S. Secretary of Education Miguel Cardona is seeking to ensure the Department of Education’s Federal Student Aid (FSA) office “works better and addresses ongoing management and operational challenges,” according to a blog post from the department.
TACOMA, Wash., May 31, 2024--(BUSINESS WIRE)--Sound Credit Union (Sound) is thrilled to introduce an exciting opportunity for its members. Starting May 1, all Sound members who open or refinance an auto loan with the credit union will automatically be entered into a special drawing. One lucky winner will have their auto loan balance paid off by Sound, up to $40,000.
To the likely surprise of providers of buy now, pay later (“BNPL”) financing, last week the Consumer Financial Protection Bureau (“CFPB”) issued an interpretive rule stating that BNPL products are actually “credit cards” under the Truth in Lending Act (TILA) and BNPL providers are “card issuers” and therefore “creditors” under, and subject to, Regulation Z.
WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) sued student loan servicer Pennsylvania Higher Education Assistance Agency (PHEAA), which does business as American Education Services (AES), for illegally collecting on student loans that have been discharged in bankruptcy and sending false information about consumers to credit reporting companies. The CFPB’s lawsuit asks the court to order PHEAA to stop its illegal conduct, provide redress to borrowers it has harmed, and pay a civil penalty.
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