The healthcare industry is one of the most heavily regulated industries in the United States. Healthcare companies and practitioners devote significant resources to complying with the complex and often changing legal and regulatory schemes imposed on them.
During this current legislative session, the following three states have enacted measures of potential interest to Consumer Finance ABstract readers:
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.
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