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May

14
2024
Industry News

Wisconsin Governor Signs New Bill into Law Affecting Collection Agencies

Wisconsin Act 267, signed into law April 4, requires collection agencies to maintain their license on the NMLS and takes effect Jan. 1, 2025.

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May

14
2024
Trends

Fed Says Consumers See Higher-for-Longer Inflation

As reported on Monday (May 13), the Federal Reserve Bank of New York’s Center for Microeconomic Data detailed that, per the April Survey of Consumer Expectations, inflation’s expected to be higher one year from now, slightly lower at the three year mark, and then higher than had been seen previously for the five year horizon.

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May

14
2024
Industry News

The Price is Wrong: Amendment to the California Consumers Legal Remedies Act Requires New Price Disclosures

On July 1, 2024, the “junk fee” amendment to the California Consumers Legal Remedies Act (CLRA) will go into effect. Under this new provision, it will be a violation of the CLRA if a company advertises, displays, or offers goods or services at a price, but does not disclose all mandatory fees or charges when displaying the price.

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May

13
2024
Industry News

Tennessee amends consumer debt proceeding requirements and garnishment exemptions

On May 3, the Governor of Tennessee signed into law HB 2320 (the “Act”), which will amend pleading requirements for consumer debt suits and garnishment exemptions.

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May

13
2024
Industry News

Agencies announce inflation-adjusted dollar thresholds for Regulation CC funds availability

WASHINGTON, D.C. – The Consumer Financial Protection Bureau and the Federal Reserve Board today jointly adjusted for inflation dollar amounts relating to the availability of customer funds.

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