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News

Industry News:

• Drummond Joins Effort to Push Back on SEC Regulation of Cryptocurrency
• 6 ways the CFPB wants to keep its eyes on fintech middlemen
• CFPB cracks down on paycheck advance products
• Hsu says OCC will update its state preemption standards
•  Colorado to Appeal Temporary Pause on Interest Rate Import Cap
• What bankers might expect if Kamala Harris wins the White House
• BNPL Firms Ask for 5 More Months to Prepare for CFPB Rules
• Earned-Wage Access Plan Opposed by Fintechs Tees Up State Clash
• Payments processing: Why banks should take a composable approach
• Banks on Regulatory Pause from Engaging in Cryptocurrency Activities

State Legislative News:

• State Budgets Are Downsizing
• Nebraska Gov. Pillen formally calls special session for property tax relief
• Disclosure Becomes Legislators’ Latest Tool for Regulating AI
• CT now sitting on $4.1 billion budget reserve
• US census takers to conduct test runs in the South and West 4 years before 2030 count
• States strike out on their own on AI, privacy regulation

Election News:

• Measure aimed at repealing Alaska’s ranked voting system still qualifies for ballot, officials say
• Arkansas court orders state to count signatures collected by volunteers for abortion-rights measure
• It’s official: Ohio redistricting amendment makes November ballot. What would it do?
• How mapping tech is revolutionizing election administration
• Abortion rights supporters report having enough signatures to qualify for Montana ballot
•  Missouri abortion rights and minimum wage campaigns remain on track for November ballot
•  [Nevada] Voter ID requirement amendment qualifies for ballot, group announces
•  Court says Jim Crow-era felony voting ban in Mississippi can be altered by lawmakers, not judges

Introduced Legislation: 

·    Nothing new to report  

Hearings: 

·    Nothing new to report 

7 States in Regular Session:

·    California, Massachusetts, Michigan, New Jersey, North Carolina, Ohio, and Pennsylvania

39 State Adjournments:

·    Alabama, Alaska, Arizona, Arkansas, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, New York, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming

Upcoming State Adjournments:

·    July 31st = North Carolina

·    August 30th = California

8 Year-Round Legislatures:

·    Illinois, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, and Wisconsin

4 States Meeting only in Odd Years:

·    North Dakota, Montana, Nevada, and Texas

Crossover Deadlines (Past):

·    California, Colorado, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maryland, Mississippi, New Hampshire, Oklahoma, South Carolina, South Dakota, Utah, Vermont, Virginia, Washington, West Virginia, and Wyoming

States with Introduction Deadlines (Past):

·    Alaska, Arizona, Arkansas, California, Colorado, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Missouri (Senate only), Mississippi, Nebraska, New Hampshire, New Mexico, Oklahoma, Rhode Island, South Dakota, Tennessee, Utah, Vermont, Virginia, West Virginia, and Wyoming