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October

16
2024
Industry News

CFPB and Justice Department Take Action Against Fairway for Redlining Black Neighborhoods in Birmingham, Alabama

Today, the Consumer Financial Protection Bureau (CFPB) and the Justice Department (DOJ) took action to end Fairway Independent Mortgage Corporation’s illegal mortgage lending discrimination against majority-Black neighborhoods in the greater Birmingham, Alabama area.

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October

16
2024
Industry News

DFS Superintendent Adrienne A. Harris Issues New Guidance to Address Cybersecurity Risks Arising from Artificial Intelligence

New York State Department of Financial Services (DFS) Superintendent Adrienne A. Harris today issued new guidance to assist regulated entities in addressing and combating cybersecurity risks arising from artificial intelligence. The guidance builds on the Department’s ongoing work to protect New Yorkers and DFS-licensed entities from cybersecurity risks through its nation-leading cybersecurity regulation (23 NYCRR Part 500) and follows recently adopted DFS guidance to combat discrimination by insurers using artificial intelligence.

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October

16
2024
Trends

WebRecon Aug 2024 Stats: Everything Up in Aug and YTD

Quick analysis: Everything Up in Aug and YTD For the first time in several years, it is starting to look like the big three (TCPA, FDCPA and FCRA) may all have a year-over-year increase together. The next month or two will be more telling, but we’ll definitely keep an eye on this trend. In August, TCPA was up 20.9% over July and 4.4% over this time last year. FDCPA was up 3.5% over July and 13.1% over this time last year. And FCRA was up 4% over July and 14.8% over this time last year.

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October

15
2024
Industry News

Alleged Cisco data breach could affect Microsoft, Barclays, and SAP developer data

Notorious hacker “IntelBroker” is offering to sell a large amount of sensitive data from Cisco allegedly stolen from a June 2024 breach along with two fellow hackers the threat actor called “EnergyWeaponUser” and “zjj.” Cisco is reportedly investigating the breach claims after Intel Broker posted a sample of stolen data on BreachForums. “Cisco is aware of reports that an actor is alleging to have gained access to certain Cisco-related files,” a Cisco spokesperson told BleepingComputers. “We have launched an investigation to assess this claim, and our investigation is ongoing.”

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October

15
2024
Industry News

DFPI Monthly Bulletin

  • DFPI Announces Enforcement Actions Against Student Loan Debt Relief Companies, Secures Consumer Refunds and Penalties
  • Governor Newsom Signs Consumer Protection Bills
  • DFAL Implementation Extended, 2nd Invitation to Comment Ends Nov. 18
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