On Monday, AFSA’s State Government Affairs (SGA) team published their November white paper covering consumer privacy legislation. Consumer privacy has risen to be one of the most crucial legislative issues in the country. In 2018, California adopted it’s Consumer Privacy Act (CCPA) and became the first state in the country to have a comprehensive consumer privacy law. Since then, over 20 states have attempted to pass similar laws, though only Colorado and Virginia have successfully enacted such legislation.
The white paper provides a background of the CCPA’s history and amendments since its enactment. Since it was passed in 2018, the CCPA has undergone multiple changes through rulemaking, legislative action, and ballot initiative. The paper also provides an overview of the major provisions of the privacy laws in Colorado and Virginia. It also looks at a preview of pending consumer privacy legislation for 2022, with a focus on exemptions for entities subject to existing federal laws and rules such as the Gramm-Leach-Bliley Act and Fair Credit Reporting Act.
The paper is also available under the State Resources section of AFSA’s website. In addition to the white paper, AFSA’s SGA team has a quick reference sheet comparing state privacy laws as well as a chart tracking privacy legislation in 2021-22.
On Monday, AFSA’s State Government Affairs (SGA) team published their November white paper covering consumer privacy legislation. Consumer privacy has risen to be one of the most crucial legislative issues in the country. In 2018, California… Read the rest
Last week, the Consumer Financial Protection Bureau named two new leaders in the supervision and enforcement departments of the Bureau.
Lorelei Salas will join the CFPB as Assistant Director for Supervision Policy and will also serve as … Read the rest
In this episode of the Extra Credit Podcast, we chat with Solomon Semere, Senior Director, Credit and Marketing Strategy and Craig Stockum, Sales Director both with LexisNexis Risk Solutions about the uncertain risk environment in which… Read the rest
Please join AFSA’s Diversity & Inclusion Working Group webinar on November 10 at 3:00 p.m. ET to hear from Brittany Young about how to help build better communities and empower people.
Brittany is a Baltimore native with a diverse technical… Read the rest
Last week, Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra testified before the Senate Banking and House Financial Services Committees in separate oversight hearings. The discussions spanned a variety of topics, including… Read the rest
The AFSA Credit Summit for Fixed Income Investors is back for 2021 and coming right to your home or office.
Join finance industry executives, debt issuers, and investors virtually on Tuesday, December 7 for a fast-paced, single day conference… Read the rest
The Federal Trade Commission (FTC) has issued its final Safeguards Rule, as AFSA mentioned was likely at our Annual Meeting this past week.
The Safeguards Rule was mandated by Congress under the 1999 Gramm-Leach-Bliley Act.
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On October 28, 2021, we received a new decision in the Hunstein case. Unfortunately, the decision portends more work ahead for industry.
As a brief recap, the Hunstein case involves an individual claim against a debt collector. The allegation… Read the rest
A few folks may have seen the Consumer Reports article regarding consumer lending in the vehicle finance space. The American Financial Services Association provided the publication with extensive comments and materials that, were they… Read the rest
The AFSA Credit Summit for Fixed Income Investors is back for 2021 and coming right to your home or office.
Join finance industry executives, debt issuers, and investors virtually on Tuesday, December 7 for a fast-paced, single day conference… Read the rest
