Minnesota Attorney General Keith Ellison joined a multistate coalition suing to block a FinCEN rule that exempted nearly all businesses from Corporate Transparency Act reporting and announced that it would delete existing ownership information. The coalition alleges violations of federal law and asks the court to invalidate the rule and require FinCEN to continue collecting and maintaining the database; no penalty or court order is reported.
The coalition asks the court to set aside FinCEN’s rule and require the agency to continue collecting and maintaining the ownership database. These are requested remedies; the release does not report that a court has granted them.
Review vendor and supplier agreements for representations that the counterparty will comply with applicable beneficial-ownership reporting requirements, maintain accurate ownership records, and notify the company of ownership or control changes. Check data-processing and records-retention provisions for clear rules on preserving, deleting, and producing ownership information in response to legal or regulatory obligations, including legal holds; ensure deletion clauses do not require destruction of records that must be retained. For customer and employee agreements, confirm that any collection or disclosure of ownership-related personal information is covered by appropriate privacy notices and permitted-use terms.
Entity
Financial Crimes Enforcement Network (FinCEN)
Industry
OtherOfficial Press Release
https://www.ag.state.mn.us/Office/Communications/2026/10/27_Corporate-Transparency-Act.asp
02359 Corporate Transparency Act Complaint
https://www.ag.state.mn.us/Office/Communications/2026/docs/02359_Corporate-Transparency-Act_Complaint.pdf
Minnesota Attorney General Enforcement Page
https://www.ag.state.mn.us/consumer/
"the United States Treasury Department’s Financial Crimes Enforcement Network, known as FinCEN"
"October 27, 2026 (SAINT PAUL)"
"Violated the Corporate Transparency Act and Administrative Procedure Act;"
"Then FinCEN went further, announcing it would delete the ownership information already in the database, records that likely include evidence of unsolved crimes."
"Attorney General Ellison and the coalition ask the court to throw out FinCEN’s rule and require the agency to keep collecting and maintaining the ownership database for law enforcement."
"https://www.ag.state.mn.us/Office/Communications/2026/docs/02359_Corporate-Transparency-Act_Complaint.pdf"
Virginia joined a multistate lawsuit challenging a FinCEN rule that exempts nearly all businesses from beneficial-ownership reporting and the agency’s plan to delete ownership information already collected. The states allege violations of the Corporate Transparency Act and Administrative Procedure Act and seek to have the rule set aside and the ownership database maintained; no court outcome or monetary penalty is reported.
Minnesota Attorney General Keith Ellison led a coalition of 17 attorneys general in an amicus brief supporting a lawsuit challenging the termination of Temporary Protected Status for Somali nationals. The coalition asked the appeals court to reverse a lower court decision and block the revocation; this press release describes no privacy-related allegation, penalty, or remedy imposed.
Minnesota Attorney General Keith Ellison filed a consumer-protection lawsuit alleging that L’Oréal and its subsidiaries marketed chemical hair relaxers as safe while concealing cancer risks, particularly from Black women and girls. The state seeks civil penalties, consumer restitution, and an injunction requiring adequate health-risk warnings; these are requested remedies, not an outcome reported in the release.
Minnesota Attorney General Keith Ellison joined a coalition of 22 attorneys general in filing an amicus brief opposing the federal government’s lawsuit concerning California’s voter rolls. The press release describes election litigation and does not announce a privacy enforcement action, penalty, or remedy.
Minnesota Attorney General Keith Ellison released an election incident reporting form and updated guidance concerning intimidation, deceptive election information, and deepfakes. The release invites reports and says the Office may investigate matters that may violate Minnesota law; it does not announce a settlement, penalty, or other enforcement remedy.
Minnesota Attorney General Keith Ellison issued a consumer alert explaining how veterans, their families, and others who believe Trajector Holdings owes them money can file claims in the company’s Chapter 11 bankruptcy. The release announces no privacy violation, enforcement penalty, or remedy against the company.