On January 8, Senate Bill No. 1252 (SB 1252) was introduced to the Virginia General Assembly, aiming to amend and reenact sections of the Code of Virginia related to the application of usury rates. Just two weeks ago, the bill was passed by both the House and Senate. Opponents of the bill contend that the language and effect is very unclear, but that broad language and stringent provisions could stifle innovation and ultimately harm consumers by limiting their access to credit.
Washington lawmakers are taking steps to change how medical debt affects credit scores.
Earlier today Jonathan McKernan, President Trump’s nominee to head the CFPB, pledged that the agency would “implement and enforce the federal consumer financial laws and perform each of its other statutorily assigned functions.”
U.S. companies public and private across all industry verticals have come to use representations about technology, including the company’s data security and privacy practices, as a marketing tool. Before touting the ways in which a company protects its systems and customer data, however, organizations would be well advised to appreciate the potential pitfalls.
Comprehensive state privacy laws are the “new normal.” Comprehensive state privacy legislation is unlikely to slow down any time soon. In the first few weeks of 2025 alone, nineteen comprehensive privacy bills were introduced across ten states. As more states endeavor to jump on the privacy bandwagon, consumer protection offices will no doubt begin to ramp up education and enforcement efforts.
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