State usury laws protect consumers from predatory nonbank lenders and their stratospheric interest rates"or do they? Not always. The payday lenders and other nonbank credit firms that are specifically targeted by these laws have found a tricky workaround.
Add Oregon to the list of states passing consumer privacy laws this year. On June 22, 2023, the Oregon House of Representatives passed SB 619, the proposed Oregon Consumer Privacy Act (OCPA), following the Senate’s passage on June 20. Assuming Governor Tina Kotek signs the bill into law, as is expected, the OCPA is set to become effective on July 1, 2024.
Two in five Americans believe credit card debt is embarrassing, according to a report by NerdWallet. Yahoo Finance Live breaks down the report and the percentage of people hiding their credit debt from their parents.
The Court rejects a request for a preliminary injunction barring enforcement of a Nevada law requiring debt collectors to give 60-days notice before taking any action to collect a medical debt.
On June 22, 2023, the Oregon legislature passed the Oregon Consumer Privacy Act (OCPA) (SB 619). Subject to the procedural formalities, the bill will move to Oregon Governor Tina Kotek for consideration.
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