Consumers in Crisis Protection Act adopted, civil penalties provided, and reports required.

HF 2677, the Consumers in Crisis Protection Act, regulates companies that provide funding for lawsuits in exchange for a share of any settlement. It directly affects Minnesota consumers involved in civil cases who receive such funding and the companies that offer it (called "consumer litigation funding companies"). The bill creates new definitions for key terms, requires these companies to submit reports to the Minnesota Department of Commerce, and establishes civil penalties for violations of the law. These provisions aim to protect consumers from potentially exploitative funding practices by setting clear rules and oversight requirements.