As we predicted in our assessment of U.S. advertising and privacy trends in February of this year, states have continued to adopt comprehensive privacy laws during their 2024 legislative sessions. To date, nineteen states (California, Colorado, Connecticut, Delaware, Florida, Indiana, Iowa, Kentucky, Maryland, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, Oregon, Tennessee, Texas, Utah, and Virginia) have enacted comprehensive privacy laws that provide consumers with certain rights regarding their personal data and impose obligations on businesses that process personal data.
Constitutionality concerns cleared, the Consumer Financial Protection Bureau (CFPB) on June 3 issued its final rule creating a registry identifying covered nonbanks subject to government agency enforcement orders.
In federal courts across Texas, powerful business interests and federal regulators are duking it out over several Biden Administration efforts aimed at reining in corporate power, increasing consumer protections and making financial services more equitable.
In a recent court order (PDF), a plaintiff’s request for a proposed complaint was denied because of his past behavior as a “vexatious litigant” for attempting to invalidate his bankruptcy status on a previous case against Wells Fargo and HSBC Bank.
On May 16, the Maryland Office of Financial Regulation (OFR) publicized an April 30 settlement agreement pursuant to which the Maryland banking agencies will withdraw its four counts against the bank and dismiss the case with prejudice.
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