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May

13
2024
Industry News

Nebraska Enacts Comprehensive Privacy Law

On April 12, Nebraska Governor Jim Pillen signed Legislative Bill 1074 into law, making Nebraska the 16th U.S. state to enact a comprehensive privacy law. The Nebraska Data Privacy Act (NEDPA) will take effect on January 1, 2025. Nebraska’s law largely mirrors the Texas Data Privacy and Security Act, with some exceptions around required consumer disclosures.

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May

13
2024
Industry News

House Passes Landmark Legislation to Improve Data Privacy

SAINT PAUL, Minn. – Today, the Minnesota House passed the Minnesota Consumer Data Privacy Act, HF 2309, as a part of the House Agriculture/Commerce/Energy Supplemental Budget. Authored by Rep. Steve Elkins (DFL - Bloomington), the legislation would grant consumers the right to prevent their data from being sold or used to target advertising at them. In the case of sensitive personal data, including location data, companies would have to secure your permission in advance before using it in this manner.

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May

13
2024
Industry News

Federal Judge Blocks CFPB Rule Limiting Credit Card Late Fees

The government’s new rule that would limit credit card late fees has been blocked by a federal judge in Texas. In a Friday (May 10) decision, Judge Mark Pittman of the U.S. District Court for the Northern District granted an injunction that halts the restrictions.

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May

13
2024
Industry News

Banks Urge Fed to Withdraw Rule Lowering Cap on Debit Interchange Fees

Beyond the Consumer Financial Protection Bureau (CFPB)’s new rule that would cap credit card late fees, banks are girding for the impact of the Federal Reserve’s updated Reg II proposal, which would cap debit interchange fees.

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May

10
2024
Industry News

Fifth Circuit Denies CFPB’s Petition for Panel Rehearing in Credit Card Late Fee Rule Lawsuit

On May 3, the U.S. Court of Appeals for the Fifth Circuit entered an order denying the CFPB’s (CFPB) petition for a panel rehearing and effectively setting the stage for a long-awaited ruling on a preliminary injunction in the ongoing lawsuit challenging the CFPB credit card late fee rule.

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