On December 31, 2021, New York Governor Hochul signed into law S5724-A which
reduces the annual rate of interest on judgments arising out of a consumer debt
where the defendant is a natural person from 9% to 2%. The laws take
effect 120 days from the Governor’s signature, which is April 30, 2022.
Read the Whole Story »
The U.S. Court of Appeals for the 11th Circuit has scheduled the oral argument for the rehearing en banc in Hunstein vs. Preferred Collection & Management Services, Inc. for February 22, 2022 (en banc means the full panel of 11th Circuit Judges will hear the matter). The order setting oral argument follows the November 23, 2021 Order in which the Court instructed counsel to focus their briefs on one issue: Does Mr. Hunstein have Article III standing to bring this lawsuit?
Read the Whole Story »
Despite the national
and global events that took center stage in 2021, the upward trend in data
privacy legislation at the state level continued and with the addition of the
amendments to the Safeguards Rule, 2022 brings new compliance challenges for
many businesses and financial institutions.
Read the Whole Story »