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February

5
2024
Industry News

Providence agrees to $158M of refunds, debt erasure to settle charity care billing investigation

Renton, Washington-based Providence has cut a deal to refund or erase $157.7 million in medical care payments following allegations and a lawsuit from its home state’s attorney general that the large nonprofit had failed to inform tens of thousands of patients of charity care eligibility.

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February

5
2024
Industry News

FCC to declare AI-generated voices in robocalls illegal under existing law

The Federal Communications Commission plans to vote on making the use of AI-generated voices in robocalls illegal. The FCC said that AI-generated voices in robocalls have "escalated during the last few years" and have "the potential to confuse consumers with misinformation by imitating the voices of celebrities, political candidates, and close family members."

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February

5
2024
Trends

Commercial real estate a 'manageable' problem but some banks will close: Powell

Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately "manageable."

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February

5
2024
Industry News

Court Refuses to Dismiss Privacy Case Involving Alleged Unlawful Recording

In a recent court order (PDF), a California district court denied the defendants’ motions to dismiss a second amended complaint in a case involving allegations of unlawful recording and violation of privacy. The hearing, originally scheduled for Jan. 12, 2024, was deemed unnecessary by the court.

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February

5
2024
Industry News

CFPB and State AGs Prosecute Debt Relief Companies and Law Firms

In recent weeks, we have seen an increase in prosecution by the Consumer Financial Protection Bureau (“CFPB”) and state attorneys general against debt relief companies and law firms.

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