Technology (Consumer Protection)

This bill reclassifies violations involving digital financial asset transaction kiosks as consumer fraud under Iowa's existing consumer protection law. It grants the Iowa Attorney General sole authority to enforce compliance, seek injunctions, and impose civil penalties of up to $10,000 per violation for kiosk-related misconduct. For violations of court orders issued under this law, penalties can reach $100,000. The bill directly affects operators of digital financial kiosks and streamlines enforcement by applying established consumer fraud remedies to these new kiosk-specific violations.