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FTC Chair Testifies Before House Subcommittee to Discuss Ongoing Work

On May 15, 2024, the Federal Trade Commission Chair Lina M. Khan appeared before the House Appropriations Subcommittee on Financial Services and General Governmentto discuss the agency’s FY 2025 budget request and ongoing work to promote open, competitive markets and protect American consumers and businesses from fraud.

Supreme Court lets CFPB funding stand

The Supreme Court on Thursday rejected a challenge to the constitutionality of the structure used to fund the Consumer Financial Protection Bureau, the federal agency tasked with enforcing consumer finance laws. By a vote of 7-2, the justices reversed a decision by a federal appeals court in Louisiana, which had ruled that the agency’s funding violates the Constitution because it comes from the Federal Reserve rather than through the congressional appropriations process.

FTC Announces Tentative Agenda for May 23 Open Commission Meeting

Today, Federal Trade Commission Chair Lina M. Khan announced that an open meeting of the Commission will be held virtually on Thursday, May 23, 2024. The open meeting will commence at 1 pm ET and will begin with time for members of the public to address the Commission.

Wisconsin’s Debt Collection Laws Get an Update: What You Need to Know

In a notable development for debt collection in Wisconsin, the Great Lakes Credit & Collection Association (GLCCA) has played a pivotal role in securing updates to the state’s debt collection statutes after several years of collaboration with the Wisconsin Department of Financial Institutions (WDFI). The result of this collaborative effort is Wisconsin Act 267, formerly Senate Bill 668, signed into law by Wisconsin Governor Tony Evers on April 4, with an effective date of January 1, 2025.

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