In an important move affecting healthcare services and the collection of medical debts, Florida Governor Ron DeSantis signed legislation into law on May 10th. The bill, known as H.B. 7089/S.B. 1640, was unanimously approved by the Florida Senate and House on March 8th, marking the conclusion of Florida’s legislative session. This legislative development, which brings with it many implications, has garnered attention from various parties, including the Florida Collectors Association (FCA), which closely monitored its progress. The FCA has diligently outlined the bill’s requirements and conducted webinars to ensure compliance among its members.
Last Friday, May 10, the Texas federal district court hearing the lawsuit challenging the CFPB’s final credit card late fee rule (Rule) granted the plaintiffs’ preliminary injunction motion and stayed the Rule. The Rule was set to become effective tomorrow, May 14.
Federal Trade Commission Chair Lina M. Khan today appeared before the House Appropriations Subcommittee on Financial Services and General Government to discuss the agency's FY 2025 budget request and ongoing work to promote open, competitive markets and protect American consumers and businesses from fraud.
After the plaintiff filed over 50 frivolous suits against multiple financial firms, banks and government agencies, the court dismissed the complaint for being “disjointed and incomprehensible.”
The Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) today announced a joint public meeting on the proposal by Capital One Financial Corporation, of McLean, Virginia, to acquire Discover Financial Services, of Riverwoods, Illinois. The proposal includes the merger of Discover Bank, of Greenwood, Delaware, into Capital One, National Association, of McLean, Virginia.
.jpg)
.jpg)