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March

20
2024
Industry News

AG Ferguson: Judge orders Providence debt collector Optimum Outcomes to pay $827,000 penalty for violating patients’ medical debt collection rights

SEATTLE — The Attorney General’s Office won a trial against debt collection agency Optimum Outcomes. Optimum is the last remaining defendant in Attorney General Bob Ferguson’s charity care lawsuit against Providence Health & Services, one of the nation’s largest health care systems, and its debt collectors.

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March

20
2024
Industry News

New Hampshire and New Jersey Consumer Privacy Legislation

New Hampshire. On March 6, 2024, New Hampshire Governor Chris Sununu signed the state’s first comprehensive consumer privacy bill into law. The New Hampshire Privacy Act (the “NHPA”) is now the fourteenth such law to be passed in the United States, joining likes of California, Oregon, Montana, Iowa, Indiana, and Tennessee, just to name a few.

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March

20
2024
Trends

NCUA Releases Q4 2023 State-level Credit Union Data Report

ALEXANDRIA, Va. (March 20, 2024) – According to the latest Quarterly U.S. Map Review released today by the National Credit Union Administration, federally insured credit unions experienced growth in loans and the share of credit unions with positive net income increased over the year ending in the fourth quarter of 2023, while delinquencies rose and assets and shares and deposits declined.

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March

20
2024
Compliance

State UDAAP Developments

The Consumer Financial Protection Bureau (CFPB) does not have a monopoly when it comes to policing abusive conduct. In 2010, when Congress passed the Consumer Financial Protection Act, it made sure that state attorneys general, state regulators, and certain banking regulators were also empowered to root out harmful corporate misconduct.

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March

20
2024
Industry News

Federal Trade Commission Warns of Scammers Pretending to be Agency Staff

Agency says scammers are using the names of real FTC employees to steal money from consumers; provides guidance on how to spot, avoid, and report scams.

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