On August 7, the CFPB issued a report and a consumer advisory highlighting predatory practices in solar lending. On the same day, the FTC released a blog post emphasizing similar concerns.
Following major data breaches targeting AT&T and Ticketmaster this year, another cyberattack in the news this week appears to have compromised the identities of billions of more people. National Public Data, a background check company owned by Jerico Pictures, is believed to be a victim of a cyberattack executed by cybercriminal group USDoD, Bloomberg Law reported.
Real-time payments, known for their speed and immediacy, have faced adoption hurdles primarily due to perceptions about security. As financial institutions (FIs) and payments providers grapple with balancing rapid transaction processing with stringent security measures, artificial intelligence (AI) emerges as a crucial tool in overcoming these obstacles.
As Commissioner Carr put it, AI remains a “frothy hot topic,” a sentiment echoed during the FCC’s August 7, 2024, hearing, where the Commission officially implemented new rules to regulate AI-generated “robocalls” and “robotexts.”
The National Credit Union Administration Board unanimously approved, by notation vote, an interagency notice of proposed rulemaking(Opens new window) that would establish data standards for certain information collections submitted to the NCUA and other financial regulatory agencies.
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