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April

30
2024
Industry News

Financial Business and Consumer Solutions Announces Data Breach Affecting Over 1.9 Million Consumers’ SSNs

On April 26, 2024, Financial Business and Consumer Solutions, Inc. (“FBCS”) filed a notice of data breach with the Attorney General of Maine after discovering unauthorized access to certain systems in its network.

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April

30
2024
Industry News

Update for MOHELA student loan borrowers

The U.S. Department of Education, including its office of Federal Student Aid (FSA), is constantly working to improve the student loan borrower experience. FSA has worked tirelessly to give borrowers the information and support they need to take advantage of all of the benefits of the student loan repayment program.

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April

30
2024
Industry News

Acting Comptroller Issues Statement on the FDIC’s Proposals Related to Change in Bank Control Act

WASHINGTON—Acting Comptroller of the Currency Michael J. Hsu today issued the following statement at the Federal Deposit Insurance Corporation’s (FDIC) board meeting concerning the FDIC memorandum and resolution for proposals related to Change in Bank Control Act:

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April

30
2024
Industry News

FCC FINES AT&T, SPRINT, T-MOBILE, AND VERIZON NEARLY$200 MILLION FOR ILLEGALLY SHARING ACCESS TOCUSTOMERS’ LOCATION DATA

WASHINGTON, April 29, 2024—Today, the Federal Communications Commission fined the nation’s largest wireless carriers for illegally sharing access to customers’ location information without consent and without taking reasonable measures to protect that information against unauthorized disclosure. Sprint and T-Mobile – which have merged since the investigation began – face fines of more than $12 million and $80 million, respectively. AT&T is fined more than $57 million, and Verizon is fined almost $47 million.

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