On April 12, Nebraska Governor Jim Pillen signed Legislative Bill 1074 into law, making Nebraska the 16th U.S. state to enact a comprehensive privacy law. The Nebraska Data Privacy Act (NEDPA) will take effect on January 1, 2025. Nebraska’s law largely mirrors the Texas Data Privacy and Security Act, with some exceptions around required consumer disclosures.
The Federal Reserve recently ended its most aggressive interest rate-hiking campaign in four decades. Many expected rising interest rates to thrust the U.S. economy into recession quickly, but consumers showed a robustness that surprised many.
The Justice Department announced today that Hyundai Capital America has agreed to pay $333,941 to resolve allegations that it violated the Servicemembers Civil Relief Act (SCRA) by illegally repossessing 26 vehicles owned by servicemembers.
On May 6, 2024, the Consumer Financial Protection Bureau (CFPB) announced that it filed a complaint and two proposed stipulated final judgments to resolve its claims against the National Collegiate Student Loan Trusts (the Trusts) and the Pennsylvania Higher Education Assistance Agency d/b/a American Education Services (PHEAA).
(Bloomberg) -- Nonbank mortgage companies, which increasingly dominate the sector, pose unique risks and vulnerabilities that can weaken financial stability, according to a new Financial Stability Oversight Council report.
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