Various consumer protections for insurance and financial products modified, virtual-currency kiosks prohibited, student loan borrower protections added, mortgage loan servicing standards provided, commissioner of commerce notices required, and mortgage protections provided.

Summary

This Minnesota bill modifies consumer protections related to insurance and financial products while establishing new restrictions and safeguards in several areas. It prohibits virtual-currency kiosks, adds protections for student loan borrowers, and sets standards for mortgage loan servicing. The bill also requires the commissioner of commerce to issue notices and implements additional mortgage protections to help consumers in these financial sectors.