WASHINGTON, D.C. - Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule outlining the qualifications to become a recognized industry standard setting body, which can issue standards that companies can use to help them comply with the CFPB’s upcoming Personal Financial Data Rights Rule.
US debt collection company Financial Business and Consumer Solutions (FBCS) has experienced a data breach, exposing the information of more than 3.2 million Americans. In a public notice, FBCS describes the incident as "unauthorized access to certain systems in its network."
Beginning July 1, 2024, the “Honest Pricing Law” or “Hidden Fees Statute,” SB 478, makes it illegal for businesses to advertise or list a price for a good or service that does not include all required fees or charges other than certain government taxes and shipping costs. SB 478 is a price transparency bill. The statute does not change what price a business can charge or what may be included in that cost. The law simply requires that the price listed include all mandatory charges.
The regulation of artificial intelligence (AI) has drawn significant interest from policymakers in the US, particularly at the state level. There has been a recent slew of legislative activity with respect to comprehensive AI bills across various states. We expect to see this new wave of comprehensive AI regulation at the state level continue to increase over the coming months. Early state AI laws have the potential to exert an outsized influence on the trajectory of AI regulation in the US.
Scammers spend their days pretending to be someone they aren’t, like government agents or medical staff, to con us out of information and money
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