Minnesota extends filing deadlines for consumer credit licensees
The guidance extends the deadlines to file annual reports originally due March 1 or March 15, 2020 to April 30, 2020, for a number of consumer credit-related licensees
Hawaii permits licensees to reduce office hours, temporarily close
The Division of Financial Institutions issued guidance permitting licensees reduce hours or close offices during Hawaii’s Covid-19 Emergency Period.
Indiana amends certain financial institution and consumer credit provisions
House Enrolled Act No. 1353 amends various provisions concerning financial institutions and consumer credit, including those related to first lien mortgage lenders, credit unions, and surety bond requirements, among others.
West Virginia creates regulatory sandbox program
The program allows participants to temporarily test innovative financial products or services on a restricted basis without requiring a license under West Virginia law.
Washington state amends debt buyer provisions
On March 18, the Washington governor signed Substitute HB 2476, which clarifies the definition of a debt buyer and outlines prohibited activities.