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Biden Administration Seeks to Exclude Medical Debt from Credit Scores The Biden administration announced plans to develop new rules that would prevent unpaid medical bills from counting towards consumers’...
CA Assembly Passes Data Delete Act California’s Assembly passed a bill ( SB 362 ) that would let consumers request the deletion of data collected on them by third-party brokers with the click of...
CA Legislature Approves $25 Healthcare Worker Minimum Wage On the last day of this year’s regular session, California lawmakers passed a bill ( SB 525 ) that would phase in a nation-leading $25...
Just last month, Illinois became one of the latest states to enact a law requiring parties involved in healthcare mergers to observe a waiting period before closing their transactions. The bill, HB 2222...
TX Judge Strikes Down ‘Death Star’ Law A county judge in Texas declared the state’s new so-called “Death Star” law preempting local ordinances, including those mandating...
Massachusetts’ top appellate court upheld a first-in-the-nation rule holding broker-dealers to the same standard as investment advisers, which had been challenged by brokerage app provider Robinhood LLC. The ruling could support efforts by states like Nevada and New Jersey to promulgate regulations that go beyond U.S. Securities and Exchange Commission rules regarding the broker-dealer industry. (LAW360)
Farmers Insurance said it is letting go of about 2,400 employees, roughly 11% of its workforce. The company, one of the nation’s largest providers of auto, home and small business insurance, said it was streamlining its organizational structure to position itself better for profitability long-term, but the layoffs come pullbacks in Florida’s and California’s homeowners insurance markets in recent months. (INSURANCE JOURNAL)
The U.S. Court of Appeals for the DC Circuit ruled that the U.S. Securities and Exchange Commission erred in refusing to allow cryptocurrency investment firm Grayscale to convert its bitcoin trust into an ETF. The court said: “The Commission failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP.” (CNBC)
—Compiled by SNCJ Managing Editor KOREY CLARK
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