In 2024, healthcare data breaches reached an all-time high, with 276,775,457 records compromised – a 64.1% increase from the previous year’s record and equivalent to 81.38% of the United States population. Despite managing sensitive patient data, findings reveal that healthcare organizations still struggle with corporate customer data protection.
On March 26, the U.S. Court of Appeals for the Fourth Circuit reversed a district court’s decision holding a credit union liable for a wire transfer in a business email compromise scam case where the credit union lacked “actual knowledge” of the mismatch between the account number and beneficiary.
House Financial Institutions Subcommittee Chairman Rep. Andy Barr, R-Ky., said last week that his subcommittee will place a high priority on changing the CFPB’s structure and funding.
The Federal Trade Commission named five additional corporate defendants and two individuals in its ongoing case against a student loan debt relief operation.
In November 2024, the FTC filed its initial complaint against Nevada-based Superior Servicing and its operator, Dennise Merdjanian, alleging they pretended to be affiliated with the U.S. Department of Education and falsely promised student loan forgiveness, taking millions from student loan borrowers.
The Consumer Financial Protection Bureau is announcing today that, with respect to the Payday, Vehicle Title, and Certain High-Cost Installment Loans Regulation, it will not prioritize enforcement or supervision actions with regard to any penalties or fines associated with the Payment Withdrawal provisions and the Payment Disclosure provisions once they become operative on March 30, 2025.
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