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On November 27, 2024, LA Financial Federal Credit Union (“LA Financial”) filed a notice of data breach with the Attorney General of California after discovering that an employee’s email account was subject to unauthorized access. In this notice, LA Financial explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information. Upon completing its investigation, LA Financial began sending out data breach notification letters to all individuals whose information was affected by the recent data security incident.

The CFPB will hold two virtual sessions later this month to answer questions about its Nonbank Enforcement Action Registry rule. The rule, issued in June 2024, will require certain nonbank entities to register certain covered administrative or court orders, and certain nonbank entities to comply with ongoing attestation requirements on the entity’s compliance with such orders.

Today, the Federal Communications Commission’sPublic Safety and Homeland Security Bureau announced the selection of UL LLC (ULSolutions) to serve as both the Lead Administrator and a Cybersecurity Label Administrator(CLA) of the agency’s voluntary cybersecurity labeling program for wireless consumerInternet of Things (IoT) products.

The Federal Deposit Insurance Corporation (FDIC), Office of the Comptroller of the Currency (OCC), Federal Reserve Bank of Richmond (FRB-Richmond), and Community Development Network of Maryland (CDN) will host a virtual roundtable for Community Development Financial Institutions (CDFIs) and banks serving communities and individuals in the state of Maryland. The purpose of the event is to explore and expand collaboration opportunities between banks and CDFIs.

The Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Financial Crimes Enforcement Network, the National Credit Union Administration, and state financial regulators (collectively, the agencies), today issued a statement to provide institutions supervised by the agencies examples of risk management and other practices that can be effective in identifying, preventing, and responding to elder financial exploitation.