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Utah legislature passes consumer privacy law

CFPB Monitor

Following the lead of California, Colorado, and Virginia, Utah is set to become the fourth state to pass a comprehensive privacy law. As of March 4, the Utah Consumer Privacy Act ( SB 227 ) cleared both houses of the Utah legislature. If signed, the law will go into effect December 31, 2023.

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X gains money transmitter approval in Utah

Payments Dive

X has been collecting money transmitter approvals in recent months to launch peer-to-peer payments in the app.

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Utah: The fintech frontier

BankInovation

Fintechs looking to expand beyond their Bay Area or New York City headquarters have welcomed an unlikely visitor in recent years: Utah Gov. The governor is a great salesperson,” said Val Hale, executive director for the Utah Governor’s Office of Economic Development. Gary Herbert. “The

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Chris Peterson, former CFPB staff member, announces candidacy for Utah Governor

CFPB Monitor

Former CFPB Senior Counsel for Enforcement Strategy Chris Peterson, who is currently a Professor at the University of Utah S.J. Quinney College of Law, has announced his candidacy for Utah Governor. Chris also currently serves as the Financial Services Director and Senior Fellow of the Consumer Federation of America.

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Utah and Virginia enact registration and disclosure requirements for providers of merchant cash advances

CFPB Monitor

Utah and Virginia recently became the first two states to require the registration of providers of merchant cash advances. The new laws also include disclosure requirements. Although laws requiring disclosures for merchant cash advances already exist in California and New York , those laws have not yet become effective.).

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CFPB determines Truth In Lending Act does not preempt New York, California, Utah, and Virginia commercial financing disclosure laws

CFPB Monitor

The CFPB has issued a determination that the Truth in Lending Act (TILA) does not preempt the commercial financing laws of New York , California , Utah, and Virginia. The determination will be effective on the date it is published in the Federal Register.

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Utah federal court rules Petition Clause of the First Amendment provides immunity from FDCPA claims

CFPB Monitor

A Utah federal district court recently ruled in two cases that the Petition Clause of the First Amendment of the U.S. In both cases, the defendants had initially filed lawsuits in Utah state court to collect the underlying debts. Constitution provides immunity to debt collectors from FDCPA claims. The two cases are Holmes v.

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