On June 3, 2024, the Consumer Financial Protection Bureau (CFPB) announced the adoption of its final rule establishing a registry to “detect and deter” corporate offenders that have broken consumer laws and are subject to regulatory or court orders. In December 2022, the CFPB had issued proposed rulemaking and […]
On May 24, Governor Walz signed into law HF 4757, the Minnesota Consumer Data Privacy Act, making Minnesota the eighteenth state to enact a comprehensive consumer data privacy law following California, Virginia, Colorado, Utah, Connecticut, Iowa, Indiana, Tennessee, Montana, Texas, Oregon, Delaware, New Jersey, New Hampshire, Kentucky, Nebraska, and Maryland. The Act will go […]
Last week, Minnesota Governor Tim Walz signed into law Senate Bill 4097, containing reforms relating to collection agency licensing, coerced debt, medical debt limitations, property exemptions, and wage garnishment. The initial bill, which was introduced in February 2024, had the support of the Minnesota Attorney General’s Office and contained more far-reaching provisions. After three […]
On May 9, Connecticut Governor Lamont signed into law Senate Bill 395 restricting the furnishing of “medical debt” by certain covered entities. The law defines medical debt as “an obligation or alleged obligation of a consumer to pay any amount related to the receipt by the consumer of health care goods or health care […]
Today the U.S. Supreme Court ruled in a 7-2 decision that the Consumer Financial Protection Bureau’s funding structure was constitutional. This is the second time in four years the Supreme Court has rejected a constitutional attack on the CFPB’s authority.
This most recent challenge attacked the Bureau’s funding mechanism which the Court of Appeals for […]
On May 13, 2024, the amendment to the Gramm-Leach-Bliley Act Safeguards Rule went into effect requiring nonbank financial institutions to report to the FTC any unauthorized acquisition of unencrypted customer information involving at least 500 consumers.
The amendment requires that notification be made as soon as possible, and no later than 30 days after discovery of the […]
On May 9, Governor Moore signed into law the Maryland Online Data Privacy Act of 2024 (House Bill 567/Senate Bill 541), making Maryland the seventeenth state to enact a comprehensive consumer data privacy law following California, Virginia, Colorado, Utah, Connecticut, Iowa, Indiana, Tennessee, Montana, Texas, Oregon, Delaware, New Jersey, New Hampshire, Kentucky, and […]
RMAI is pleased to welcome Mike Becker as RMAI’s new Executive Director, who officially began the role on May 1, 2024. Mike has extensive experience as a trade association Executive Director, and years of experience in political affairs and legislative advocacy work in Washington, D.C. RMAI welcomes Mike to the next chapter of […]
Monday, Maine Governor Janet Mills signed into law LD 2115 as Chapter 663 of the Laws of 2024. This new law places limitations on the collection and litigation of medical debt. The law takes effect 90 days after the legislature adjourns. The Maine Legislature has not adjourned yet but will likely do so within […]
The Nebraska Data Privacy Act, LB 1074, was signed into law on April 17, 2024. This makes Nebraska the sixteenth state to enact a comprehensive consumer data privacy law following California, Virginia, Colorado, Utah, Connecticut, Iowa, Indiana, Tennessee, Montana, Texas, Oregon, Delaware, New Jersey, New Hampshire, and Kentucky. The law will go into effect […]