The CFPB recently issued a rule to adjust maximum penalty amounts under various statutes that it administers. Included among the adjustments are the amounts for the three tiers of civil money penalties that the CFPB may impose for violations of consumer financial protection laws under the Dodd-Frank Act.
The Federal Communications Commission will hold an Open Meeting on the subjects listedbelow on Wednesday, January 15, 2025, which is scheduled to commence at 10:30 a.m. in theCommission Meeting Room of the Federal Communications Commission, 45 L Street, N.E.,Washington, D.C. Bureau, Office, and Task Force leaders will summarize the work their teamshave done over the last four years in a series of panel presentations.
Today, California and 52 state financial regulatory agencies announced a coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that impacted 5.8 million customers.
The U.S. Department of Health and Human Services (HHS), through its Office for Civil Rights (OCR), has issued a proposed rule aimed at bolstering cybersecurity protections in the health care sector. This initiative seeks to address the increasing frequency and sophistication of cyberattacks targeting health care systems, which pose significant threats to patient safety and trust. The proposed rule aims to update the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Security Rule, ensuring stronger safeguards for individuals’ protected health information (PHI).
In the latest episode of Payments Pros, host Carlin McCrory welcomes Jesse Silverman to discuss the Consumer Financial Protection Bureau's (CFPB) recent order asserting supervisory authority over Google.
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