News & Analysis as of

Oregon Financial Services Industry

Orrick, Herrington & Sutcliffe LLP

Oregon prohibits reporting medical debt to consumer reporting agencies

On June 23, the Oregon Legislature chaptered SB 605, enacting new restrictions on the reporting of medical debt to consumer reporting agencies. The law prohibits any person from reporting to a consumer reporting agency the...more

Ballard Spahr LLP

Oregon Considering DIDMCA Opt-Out Legislation

Ballard Spahr LLP on

Oregon may become the latest state attempting to stop out-of-state banks from “exporting” home-state interest rates on loans made to Oregon consumers. Like similar legislation adopted by Colorado in 2023, House Bill 2561...more

Orrick, Herrington & Sutcliffe LLP

Oregon is 11th state to enact comprehensive privacy legislation

On July 18, the Oregon governor signed SB 619 (the Act) to establish a framework for controlling and processing consumer personal data in the state. Oregon follows California, Colorado, Connecticut, Virginia, Utah, Iowa,...more

Sheppard Mullin Richter & Hampton LLP

FDIC Settles with Bank for Repeat RESPA Violations, Doubling Previous Fine

The FDIC recently announced a consent order with an Oregon regional bank for violations of Section 8 of RESPA, the FTC Act, and the FRCA, resulting in a civil monetary penalty totaling $425,000. After conducting its...more

Tonkon Torp LLP

Failure of SAFE Banking Act a Missed Opportunity for Cannabis Real Estate Transactions

Tonkon Torp LLP on

For years, Oregon Senator Jeff Merkley has championed the SAFE Banking Act, a federal bill that would make banking services available to cannabis businesses in states where cannabis is legal. The bill has passed the House...more

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