Month: October 2021

The deadline for all licensees under the California Financing Law or PACE program to transition onto NMLS is December 31, 2021. All licensees not yet on NMLS must establish an account in NMLS and transmit their information to the DFPI through NMLS on or before the December 31, 2021 deadline. Read More

The Nevada Financial Institutions Division (“FID”) announced it would hold an open workshop on draft regulations on Nevada SB 248, the new medical collections statute. The workshop will be held Tuesday, October 26, 2021 from 10 a.m. to 1 p.m. Read More

On October 12, 2021, the California Department of Financial Protection and Innovation released its third set of modifications to the proposed Commercial Financing Disclosure Regulations in an ongoing comment process. See our prior ALERT dated Apr. 8, 2021. Read More

The Department of Justice has entered into a consent order with the New Jersey Higher Education Student Assistance Authority (“HESAA”), the state’s student financial aid agency, to settle alleged of violations the Servicemembers Civil Relief Act (“SCRA”). Read More

The new California Privacy Protection Agency announced it is seeking input for developing regulations to implement Proposition 24, the California Privacy Rights Act of 2020 (“CPRA” a/k/a “CCPA 2.0”). See our ALERT dated Nov. 4, 2020. The Privacy Protection Agency is the enforcement agency created by the CPRA to enforce California privacy laws. Previous regulations were issued in March of 2021 by the California Attorney General under the California Consumer Privacy Act of 2018. See our ALERTS dated March 16, 2021, Oct. 14, 2020 and Dec. 11, 2020. The CPRA and its regulations comprise a general privacy law that applies to businesses generally in addition to the requirements of the Gramm-Leach-Bliley Act applicable to financial institutions. Read More