Idaho publishes proposed rule changes on Mortgage Practices Act
According to the Idaho Department of Finance, the rule changes aim to “reduce regulatory burden by removing outdated requirements.”
FinCEN identity fraud report outlines statistics and processes
The report is part of a broader set of financial trend analyses conducted by FinCEN under section 6206 of the Anti-Money Laundering Act of 2020.
Oregon enacts money transmission bill regarding security devices
A security device is defined by Oregon law as a surety bond or an irrevocable letter of credit.
New York enhances consumer notification obligations on automatic renewals
Businesses must inform consumers about impending automatic renewals or continuous service charges at least forty-five days before charges are applied.
DFPI fines online platform for omitting convenience fee disclosures
The consent order resolved alleged violations of the California Consumer Financial Protection Law (CCFPL).
Federal court grants DFPI motion for summary judgment on commercial financing disclosure requirements
The court found that the California regulator’s disclosure requirements were lawful under the First Amendment and were not preempted by federal law.