Washington’s Senate has approved Senate Bill 5480, a measure designed to reform how medical debt is treated, particularly in relation to credit reporting. The bill now heads to the governor’s desk for final approval, marking a significant shift in consumer debt protections within the state.
After years of proposed state privacy legislation, Massachusetts lawmakers are poised to once again consider enacting a comprehensive state consumer privacy law in the Commonwealth this legislative session. At a hearing of the Joint Committee on Advanced Information Technology, Internet and Cybersecurity on April 9, 2025, Massachusetts lawmakers heard from different stakeholders on several introduced bills, including comprehensive consumer data privacy legislation.
The judge who barred the Trump Administration from dismantling the CFPB says the agency cannot implement plans to fire the majority of the bureau’s employees at this stage.
Sea of Green (and not the good kind…)
Everything was up in March (TCPA +23.5%, FCRA +5.2%, FDCPA +27.7%) over February, and only FDCPA (-8.7%) was down YTD over 2023, while TCPA (+35.5%) and FCRA (+8.5%) were also up YTD. Welcome to spring!
CFPB complaints were also up for the month (+16%) and the year (+116.4%!)
The FDIC today took action to modify its approach to insured depository institution (IDI) resolution planning. The purpose of this action is to focus the IDI resolution planning process on the operational information most relevant for the FDIC to (1) resolve a large bank through a weekend sale or (2) operate the institution for a short period of time while rapidly marketing the institution.
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