Experian® today released its 2024 U.S. Identity and Fraud Report revealing that generative AI (Gen AI), deepfakes and cybercrime are critical threats putting intensifying pressures on businesses. The 9th annual Experian Identity and Fraud Report provides valuable insights into emerging fraud trends such as these, as well as shifting consumer expectations.
A Pennsylvania federal judge has imposed sanctions and lambasted a law firm and its attorneys for having employees write falsified letters on behalf of clients involved in debt collection disputes.
Recently, the Consumer Financial Protection Bureau (CFPB) proposed a new rule to limit the inclusion of medical debt in consumer credit reports. This move has sparked serious concerns among financial experts and members of Congress, particularly the House Financial Services Committee, which expressed their opposition in a formal letter. They argue that the rule could disrupt the credit system, making it harder for consumers, especially low-income borrowers, to access affordable credit.
In August, a hacker dumped 2.7 billion data records, including Social Security numbers, on a dark web forum, in one of the biggest breaches in history. National Public Data, the owner of the data, has now acknowledged the incident, blaming a “third-party bad actor” that hacked the company in December 2023.
In this episode of FCRA Focus, host Kim Phan is joined by fellow Troutman Pepper partner Stefanie Jackman and Michelle Macartney, managing partner and chief compliance officer at Bridgeforce.
.jpg)
.jpg)