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PA Enacts Crypto Transmitter Licensing Requirements Pennsylvania Gov. Josh Shapiro (D) signed legislation requiring cryptocurrency and other virtual monetary transmitters to be licensed by the state...
MO Lawmakers Repeal Voter-Approved Paid Sick Leave Law Eight months after Missouri voters approved Proposition A, mandating paid sick leave and a $13.75 minimum wage, Gov. Mike Kehoe (R) signed legislation...
ME Makes it Easier to Cancel Subscriptions Maine Gov. Janet Mills (D) signed a bill ( SB 650 a ) last month intended to make it easier for Mainers to cancel subscriptions, from gym memberships to mobile...
CT to Seek Federal Approval to Make Generic GLP-1 Weight Loss Drugs Connecticut Gov. Ned Lamont (D) signed legislation ( HB 7192 ) allowing the state to seek to hire a generic drug-manufacturer to make...
With Congress punting on artificial intelligence regulation during budget negotiations this year, states remain key watchdogs of the technology as it continues to be embraced throughout American society...
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The heads of the Federal Deposit Insurance Corporation and the Federal Reserve said last week that bank regulators are considering applying a set of tougher capital rules to banks that have over $100 billion in assets. In a speech FDIC Chairman Martin Gruenberg said the turmoil in the banking sector this spring, including the failure of three banks, indicated banks of this size pose a risk to the financial system and need greater oversight. (REUTERS)
With traditional mortgages becoming out of reach for an increasing number of American homebuyers, lawmakers in at least four states have introduced bills this year addressing consumer protections for alternative home financing arrangements such as rent-to-own agreements, land installment contracts and personal property loans, according to the National Conference of State Legislatures. The four states are: Hawaii (SB 396), Indiana (HB 1185), Kansas (HB 2101) and West Virginia (SB 71). (NATIONAL CONFERENCE OF STATE LEGISLATURES)
The 7th Circuit Court of Appeals upheld a lower court decision requiring Citizens Insurance Co. of America to defend a customer, Wynndalco Enterprises, in a pair of class-action lawsuits associated with a facial recognition database the tech company sold to a data broker, which then sold to the Chicago Police Department. The appeals court said a “catch-all” provision in Citizens’ policy excluding coverage for violations of any statutes was too broad to apply to the Illinois Biometric Privacy Act, which the lawsuits were centered around. (INSURANCE JOURNAL)
—Compiled by SNCJ Managing Editor KOREY CLARK