(Hartford, CT) – Attorney General William Tong today submitted testimony in support of legislation to curb hidden “junk” fees. The testimony supports Senate Bill No. 15, An Act Requiring Fee Disclosures, which was proposed.
OAKLAND — California Attorney General Rob Bonta today issued letters to small banks and credit unions warning that overdraft and returned deposited item fees may violate California’s Unfair Competition Law (UCL) and the federal Consumer Financial Protection Act (CFPA). Some financial institutions charge up to $36 or more for each overdraft. California consumers paid an estimated $200 million in overdraft fees in 2022, with the financial burden disproportionately falling on low-income consumers and consumers of color. Today’s letter was sent to banks and credit unions in California with assets under $10 billion.
February 22, 2024 (SAINT PAUL) – Today Minnesota Attorney General Keith Ellison announced his office has secured a settlement that stops three online lenders from conducting predatory lending and collecting illegal interest. In October 2023, Attorney General Ellison sued three online lenders through their managers — Bright Lending, Green Trust Cash, and Target Cash Now, operating jointly under control of a single entity called the Island Mountain Development Group — for issuing thousands of loans to consumers in Minnesota that charged between 400 and 800 percent annual interest, in violation of Minnesota and federal consumer-lending laws.
After a successful appeal of a June ruling, the California Privacy Protection Agency (CPPA) is authorized to begin immediate enforcement of privacy regulations developed, and expanded, under the California Privacy Rights Act of 2020 (CPRA). Any company that has been relying on the nine-month enforcement delay is now required to implement the polices and regulations required by the CPRA to avoid penalization by the CPPA.
The Federal Trade Commission will require software provider Avast to pay $16.5 million and prohibit the company from selling or licensing any web browsing data for advertising purposes to settle charges that the company and its subsidiaries sold such information to third parties after promising that its products would protect consumers from online tracking.
.jpg)
.jpg)