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April

23
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

23
2024
Industry News

Utah AI Laws Require Consumer-Facing Disclosures Starting May 1

Two laws take effect in Utah on May 1 that impose legal requirements on a broad range of generative AI uses. The laws:

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April

23
2024
Industry News

CFPB’s Frotman speaks on medical debt collections and rental financial products

On April 11, the General Counsel of the CFPB, Seth Frotman, delivered a speech at the National Consumer Law Center/National Association of Consumer Advocates Spring Training, highlighting how the FDCPA and the FCRA cover often-overlooked sectors of consumer finance, including medical collections and landlord-tenant debts.

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April

22
2024
Trends

Banks Leverage FinTech Partnerships to Ride Digital Transformation Wave

The digital transformation of banking continues to reshape how financial institutions (FIs) are meeting the evolving expectations of consumers. And central to this evolution are partnerships, which play a pivotal role in enhancing customer experiences and streamlining financial processes.

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April

22
2024
Industry News

Attorney General Knudsen Demands Action From Bank Of America To Correct Debanking Practices

HELENA – Montana Attorney General Austin Knudsen joined a coalition of 15 attorneys general in demanding action from Bank of America to correct the company’s debanking policies and discriminatory behavior toward conservative and religious Americans.

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