The CFPB has issued a proposed rule to establish a system for the registration of nonbanks subject to CFPB supervision that use “certain terms or conditions that seek to waive consumer rights or other legal protections or limit the ability of consumers to enforce their rights.” Arbitration provisions are among the terms that would trigger registration. The CFPB did not issue an Advance Notice of Proposed Rulemaking to seek public input before issuing the proposal. Comments on the proposal must be filed by March 13, 2023 or 30 days after the date it is published in the Federal Register, whichever is later.
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BUFFALO, NY - Huntington Debt Holding, a nationally licensed receivables management firm located in Buffalo, NY, recently donated to the SPCA Serving Erie County, the second-oldest humane society in the country. Huntington’s corporate values of integrity, security, and trustworthiness start with our unwavering dedication to our community, employees in the community, and the families that we help serve.
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The upward trend in data privacy legislation continued in 2022. According to the National Conference of State Legislatures, “[a]t least 35 states and the District of Columbia in 2022 introduced or considered almost 200 consumer privacy bills,” which is a significant increase from 160 bills in 2021.
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