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April

16
2024
Industry News

CFPB Letter to Connecticut State Legislature on Barring Medical Bills on Credit Reports

I write on behalf of the Consumer Financial Protection Bureau (CFPB) regarding Senate Bill 395 as amended (SB395), which would prohibit health care providers in Connecticut from reporting medical debt to consumer reporting agencies for use in a consumer report.

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April

16
2024
Trends

When companies share your personal information without your permission

Health and wellness websites and apps collect a lot of personal and sensitive health information about their users. And they might make promises about how they’ll use and protect that data. If companies don’t honor those promises, it can lead to a serious breach of trust — and a lawsuit from the Federal Trade Commission.

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April

15
2024
Industry News

Wisconsin enacts update to Department of Financial Institutions’ licensing and regulation of mortgage and non-mortgage financial services providers

On April 4, Wisconsin enacted SB 668 (the “Act”) which will amend many provisions to the Wisconsin Department of Financial Institution’s (DFI) regulation of non-banks. According to an analysis by the state’s Legislative Reference Bureau, the Act will change how multiple financial practices are regulated and rely on the Nationwide Multistate Licensing System and Registry (NMLSR).

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April

15
2024
Trends

Foreclosures are rising, but it’s not yet alarming

The real estate market is experiencing a slight rise in foreclosure activity following an extended period of moratoria that paused any foreclosures during the pandemic.

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April

15
2024
Strategy

Credit Unions Want Gen Z’s Deposits and Loyalty

PYMNTS Intelligence, in delving into the mindset of more that 200 credit union (CU) executives and more than 100 FinTech executives, found a bit of bifurcation in how these providers think about consumers who were born between the years 1981 to 1996 and who are now in their late 20s to early 40s.

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