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January

29
2024
Industry News

Attorney General Bonta Announces Investigative Sweep, Focuses on Streaming Services’ Compliance with the California Consumer Privacy Act

OAKLAND – Ahead of Data Privacy Day, California Attorney General Rob Bonta today announced an investigative sweep, and is sending letters to businesses with popular streaming apps and devices alleging that they fail to comply with the California Consumer Privacy Act (CCPA).

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January

29
2024
Industry News

CFPB proposes rule to ban “rarely charged” NSF fees for declined transactions based on wildly expansive view of “abusive” prong

On January 24, 2024, a week after issuing its proposed rulemaking for overdraft services, the Consumer Financial Protection Bureau (“CFPB”) issued its proposed rulemaking on non-sufficient funds (NSF) fees.

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January

26
2024
Industry News

OIG report finds CFPB can enhance certain aspects of its enforcement investigations process

The Office of Inspector General (OIG) for the Federal Reserve Board and CFPB has issued a report on its evaluation of the CFPB’s process for conducting enforcement investigations. OIG concluded that the CFPB can enhance certain aspects of that process as described below.

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January

26
2024
Industry News

Pair of Maine bills aimed at limiting medical debt

More than 40% of Mainers have medical debt, according to a recent survey by Consumers for Affordable Health Care. Two bills before state lawmakers aim to reduce some of that burden.

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January

26
2024
Trends

Study estimates over 400K SC residents caught in a cycle of debt

COLUMBIA — On Tuesday, January 9, 2024, Senator Tom Davis (District 46) of Beaufort introduced Bill S. 910 to curb predatory lending practices in South Carolina. According to Senator Davis, “In South Carolina, there are lenders that offer payday, installment, and auto-title loans that mine and use personal data to identify, target and then trap vulnerable South Carolinians in a cycle of debt.

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