Minnesota 2025-2026 Regular Session

Minnesota House Bill HF3293 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	1.1 A bill for an act
2	2	1.2 relating to commerce; creating the Minnesota Consumer Financial Protection
3	3	1.3 Bureau; appropriating money; amending Minnesota Statutes 2024, sections 10.65,
4	4	1.4 subdivision 2; 15A.0815, subdivision 2; 43A.08, subdivision 1a; proposing coding
5	5	1.5 for new law as Minnesota Statutes, chapter 45B.
6	6	1.6BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
7	7	1.7 ARTICLE 1
8	8	1.8CREATION OF MINNESOTA CONSUMER FINANCIAL PROTECTION BUREAU
9	9	1.9 Section 1. [45B.01] DEFINITIONS.
10	10	1.10 Subdivision 1.Application.For purposes of this chapter, the following terms have the
11	11	1.11meanings given.
12	12	1.12 Subd. 2.Bureau."Bureau" means the Minnesota Consumer Financial Protection Bureau.
13	13	1.13 Subd. 3.Commissioner."Commissioner" means the commissioner of the Minnesota
14	14	1.14Consumer Financial Protection Bureau.
15	15	1.15 Sec. 2. [45B.02] CREATION OF THE MINNESOTA CONSUMER FINANCIAL
16	16	1.16PROTECTION BUREAU.
17	17	1.17 Subdivision 1.Bureau established.The Minnesota Consumer Financial Protection
18	18	1.18Bureau is established.
19	19	1.19 Subd. 2.Intention.The bureau's purpose is to provide a single point of accountability
20	20	1.20to enforce consumer financial laws and protect consumers in the financial marketplace.
21	21	1Article 1 Sec. 2.
22	22	REVISOR RSI/MI 25-0488803/28/25
23	23	State of Minnesota
24	24	This Document can be made available
25	25	in alternative formats upon request
26	26	HOUSE OF REPRESENTATIVES
27	27	H. F. No. 3293
28	28	NINETY-FOURTH SESSION
29	29	Authored by Howard, Greenman, Moller, Kozlowski, Kraft and others05/05/2025
30	30	The bill was read for the first time and referred to the Committee on Commerce Finance and Policy 2.1 Sec. 3. [45B.03] COMMISSIONER.
31	31	2.2 Subdivision 1.General.The bureau is under the commissioner's administrative control.
32	32	2.3The commissioner is appointed by the governor with the advice and consent of the senate.
33	33	2.4The commissioner has the general powers provided in section 15.06, subdivision 6. The
34	34	2.5commissioner's salary must be established according to the procedure in sections 15A.0815,
35	35	2.6subdivision 2, and 15A.082.
36	36	2.7 Subd. 2.Duties of commissioner.The commissioner's duties include:
37	37	2.8 (1) identifying and eliminating unfair, deceptive, or abusive acts or practices; supervising
38	38	2.9companies; and enforcing the law;
39	39	2.10 (2) enforcing laws that outlaw discrimination in consumer finance;
40	40	2.11 (3) accepting and investigating consumer complaints;
41	41	2.12 (4) enhancing financial education;
42	42	2.13 (5) researching consumers' experience using financial products; and
43	43	2.14 (6) monitoring financial markets for new risks to consumers.
44	44	2.15 Sec. 4. [45B.04] RULEMAKING.
45	45	2.16 The commissioner may adopt rules to administer activities related to the bureau. Rules
46	46	2.17adopted under this section are subject to the rulemaking requirements of chapter 14.
47	47	2.18 Sec. 5. RECRUITING EMPLOYEES.
48	48	2.19 The commissioner of the Minnesota Consumer Financial Protection Bureau must work
49	49	2.20to recruit investigators with experience working at the federal Consumer Financial Protection
50	50	2.21Bureau and that have expertise in banking, student loan servicing, mortgages, auto lending,
51	51	2.22and other financial products.
52	52	2.23 Sec. 6. APPROPRIATIONS.
53	53	2.24 $....... in fiscal year 2026 and $....... in fiscal year 2027 are appropriated from the general
54	54	2.25fund to the commissioner of the Minnesota Consumer Financial Protection Bureau for the
55	55	2.26operation and administration of the bureau.
56	56	2Article 1 Sec. 6.
57	57	REVISOR RSI/MI 25-0488803/28/25 3.1 ARTICLE 2
58	58	3.2 CROSS-REFERENCING THE MINNESOTA CONSUMER FINANCIAL
59	59	3.3 PROTECTION BUREAU
60	60	3.4 Section 1. Minnesota Statutes 2024, section 10.65, subdivision 2, is amended to read:
61	61	3.5 Subd. 2.Definitions.As used in this section, the following terms have the meanings
62	62	3.6given:
63	63	3.7 (1) "agency" means the Department of Administration; Department of Agriculture;
64	64	3.8Department of Children, Youth, and Families; Department of Commerce; Department of
65	65	3.9Corrections; Department of Education; Department of Employment and Economic
66	66	3.10Development; Department of Health; Office of Higher Education; Housing Finance Agency;
67	67	3.11Department of Human Rights; Department of Human Services; Department of Information
68	68	3.12Technology Services; Department of Iron Range Resources and Rehabilitation; Department
69	69	3.13of Labor and Industry; Minnesota Management and Budget; Bureau of Mediation Services;
70	70	3.14Department of Military Affairs; Minnesota Consumer Financial Protection Bureau;
71	71	3.15Metropolitan Council; Department of Natural Resources; Pollution Control Agency;
72	72	3.16Department of Public Safety; Department of Revenue; Department of Transportation;
73	73	3.17Department of Veterans Affairs; Direct Care and Treatment; Gambling Control Board;
74	74	3.18Racing Commission; the Minnesota Lottery; the Animal Health Board; the Public Utilities
75	75	3.19Commission; and the Board of Water and Soil Resources;
76	76	3.20 (2) "consultation" means the direct and interactive involvement of the Minnesota Tribal
77	77	3.21governments in the development of policy on matters that have Tribal implications.
78	78	3.22Consultation is the proactive, affirmative process of identifying and seeking input from
79	79	3.23appropriate Tribal governments and considering their interest as a necessary and integral
80	80	3.24part of the decision-making process. This definition adds to statutorily mandated notification
81	81	3.25procedures. During a consultation, the burden is on the agency to show that it has made a
82	82	3.26good faith effort to elicit feedback. Consultation is a formal engagement between agency
83	83	3.27officials and the governing body or bodies of an individual Minnesota Tribal government
84	84	3.28that the agency or an individual Tribal government may initiate. Formal meetings or
85	85	3.29communication between top agency officials and the governing body of a Minnesota Tribal
86	86	3.30government is a necessary element of consultation;
87	87	3.31 (3) "matters that have Tribal implications" means rules, legislative proposals, policy
88	88	3.32statements, or other actions that have substantial direct effects on one or more Minnesota
89	89	3.33Tribal governments, or on the distribution of power and responsibilities between the state
90	90	3.34and Minnesota Tribal governments;
91	91	3Article 2 Section 1.
92	92	REVISOR RSI/MI 25-0488803/28/25 4.1 (4) "Minnesota Tribal governments" means the federally recognized Indian Tribes located
93	93	4.2in Minnesota including: Bois Forte Band; Fond Du Lac Band; Grand Portage Band; Leech
94	94	4.3Lake Band; Mille Lacs Band; White Earth Band; Red Lake Nation; Lower Sioux Indian
95	95	4.4Community; Prairie Island Indian Community; Shakopee Mdewakanton Sioux Community;
96	96	4.5and Upper Sioux Community; and
97	97	4.6 (5) "timely and meaningful" means done or occurring at a favorable or useful time that
98	98	4.7allows the result of consultation to be included in the agency's decision-making process for
99	99	4.8a matter that has Tribal implications.
100	100	4.9 Sec. 2. Minnesota Statutes 2024, section 15A.0815, subdivision 2, is amended to read:
101	101	4.10 Subd. 2.Agency head salaries.The salary for a position listed in this subdivision shall
102	102	4.11be determined by the Compensation Council under section 15A.082. The commissioner of
103	103	4.12management and budget must publish the salaries on the department's website. This
104	104	4.13subdivision applies to the following positions:
105	105	4.14 Commissioner of administration;
106	106	4.15 Commissioner of agriculture;
107	107	4.16 Commissioner of education;
108	108	4.17 Commissioner of children, youth, and families;
109	109	4.18 Commissioner of commerce;
110	110	4.19 Commissioner of corrections;
111	111	4.20 Commissioner of health;
112	112	4.21 Commissioner, Minnesota Consumer Financial Protection Bureau;
113	113	4.22 Commissioner, Minnesota Office of Higher Education;
114	114	4.23 Commissioner, Minnesota IT Services;
115	115	4.24 Commissioner, Housing Finance Agency;
116	116	4.25 Commissioner of human rights;
117	117	4.26 Commissioner of human services;
118	118	4.27 Commissioner of labor and industry;
119	119	4.28 Commissioner of management and budget;
120	120	4.29 Commissioner of natural resources;
121	121	4Article 2 Sec. 2.
122	122	REVISOR RSI/MI 25-0488803/28/25 5.1 Commissioner, Pollution Control Agency;
123	123	5.2 Commissioner of public safety;
124	124	5.3 Commissioner of revenue;
125	125	5.4 Commissioner of employment and economic development;
126	126	5.5 Commissioner of transportation;
127	127	5.6 Commissioner of veterans affairs;
128	128	5.7 Executive director of the Gambling Control Board;
129	129	5.8 Executive director of the Minnesota State Lottery;
130	130	5.9 Executive director of the Office of Cannabis Management;
131	131	5.10 Commissioner of Iron Range resources and rehabilitation;
132	132	5.11 Commissioner, Bureau of Mediation Services;
133	133	5.12 Ombudsman for mental health and developmental disabilities;
134	134	5.13 Ombudsperson for corrections;
135	135	5.14 Chair, Metropolitan Council;
136	136	5.15 Chair, Metropolitan Airports Commission;
137	137	5.16 School trust lands director;
138	138	5.17 Executive director of pari-mutuel racing;
139	139	5.18 Commissioner, Public Utilities Commission;
140	140	5.19 Chief Executive Officer, Direct Care and Treatment; and
141	141	5.20 Director of the Office of Emergency Medical Services.
142	142	5.21 Sec. 3. Minnesota Statutes 2024, section 43A.08, subdivision 1a, is amended to read:
143	143	5.22 Subd. 1a.Additional unclassified positions.Appointing authorities for the following
144	144	5.23agencies may designate additional unclassified positions according to this subdivision: the
145	145	5.24Departments of Administration; Agriculture; Children, Youth, and Families; Commerce;
146	146	5.25Corrections; Education; Employment and Economic Development; Explore Minnesota
147	147	5.26Tourism; Management and Budget; Health; Human Rights; Human Services; Labor and
148	148	5.27Industry; Natural Resources; Public Safety; Revenue; Transportation; and Veterans Affairs;
149	149	5.28the Housing Finance and Pollution Control Agencies; the State Lottery; the State Board of
150	150	5.29Investment; the Office of Administrative Hearings; the Department of Information
151	151	5Article 2 Sec. 3.
152	152	REVISOR RSI/MI 25-0488803/28/25 6.1Technology Services; the Minnesota Consumer Financial Protection Bureau; the Offices
153	153	6.2of the Attorney General, Secretary of State, and State Auditor; the Minnesota State Colleges
154	154	6.3and Universities; the Minnesota Office of Higher Education; the Perpich Center for Arts
155	155	6.4Education; Direct Care and Treatment; the Minnesota Zoological Board; and the Office of
156	156	6.5Emergency Medical Services.
157	157	6.6 A position designated by an appointing authority according to this subdivision must
158	158	6.7meet the following standards and criteria:
159	159	6.8 (1) the designation of the position would not be contrary to other law relating specifically
160	160	6.9to that agency;
161	161	6.10 (2) the person occupying the position would report directly to the agency head or deputy
162	162	6.11agency head and would be designated as part of the agency head's management team;
163	163	6.12 (3) the duties of the position would involve significant discretion and substantial
164	164	6.13involvement in the development, interpretation, and implementation of agency policy;
165	165	6.14 (4) the duties of the position would not require primarily personnel, accounting, or other
166	166	6.15technical expertise where continuity in the position would be important;
167	167	6.16 (5) there would be a need for the person occupying the position to be accountable to,
168	168	6.17loyal to, and compatible with, the governor and the agency head, the employing statutory
169	169	6.18board or commission, or the employing constitutional officer;
170	170	6.19 (6) the position would be at the level of division or bureau director or assistant to the
171	171	6.20agency head; and
172	172	6.21 (7) the commissioner has approved the designation as being consistent with the standards
173	173	6.22and criteria in this subdivision.
174	174	6Article 2 Sec. 3.
175	175	REVISOR RSI/MI 25-0488803/28/25 Page.Ln 1.7
176	176	CREATION OF MINNESOTA CONSUMER FINANCIAL
177	177	PROTECTION BUREAU......................................................................ARTICLE 1
178	178	Page.Ln 3.1
179	179	CROSS-REFERENCING THE MINNESOTA CONSUMER
180	180	FINANCIAL PROTECTION BUREAU...............................................ARTICLE 2
181	181	1
182	182	APPENDIX
183	183	Article locations for 25-04888