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November

14
2024
Industry News

FTC Announces Virtual Open Meeting on November 14: Public Invited to Participate and Discuss Key Consumer Protection Initiatives

Federal Trade Commission (FTC) Chair Lina M. Khan has announced a virtual open meeting scheduled for Thursday, November 14, 2024, at 11 a.m. ET. The event will kick off with an opportunity for members of the public to share feedback and address the Commission, with each speaker allotted two minutes to comment on the FTC’s work or raise relevant issues.

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November

14
2024
Strategy

Nearly Three-Quarters of Small Businesses Using Embedded Lending Access Bigger Credit Lines

Small and medium-sized businesses (SMBs) face challenges when securing credit, especially in an uncertain economy. Embedded lending, which integrates credit options directly into purchase platforms, offers a fast and convenient solution.

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November

14
2024
Compliance

The 5 Things Every Business Needs to Know About the Modern Consumer Privacy Landscape

It’s no longer good enough for your business to have a reactive approach to consumer privacy – you need a proactive strategy to manage compliance, foster consumer trust, and stay competitive in this modern era. While many businesses might think they have a handle on their privacy obligations, there are five key essentials that often go overlooked.

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November

14
2024
Compliance

FinCEN Warns US Banks About AI Deepfake Frauds

Law enforcement is warning U.S. banks about the danger of AI-powered identity fraud schemes. The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) issued an alert Wednesday (Nov. 13) to help financial institutions spot scams associated with the use of deepfake media created using generative artificial intelligence (GenAI).

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November

14
2024
Trends

Household Debt, Delinquencies, Collections, Foreclosures, and Bankruptcies: Our Drunken Sailors and their Debts in Q3 2024

Total household debt outstanding ticked up by $71 billion in Q3, or by 0.57%, from Q2, to $17.9 trillion, according to the Household Debt and Credit Report from the New York Fed today.

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