Baltimore, Maryland – A federal grand jury has returned an indictment charging five individuals for a fraud scheme intended to obtain over $35 million from financial institutions by providing false documentation in support of SBA loan applications for the purchase of hotels.
TAMPA BAY, Fla., November 13, 2023--(BUSINESS WIRE)--KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, announced its 2024 cybersecurity predictions from its team of global industry experts.
Thousands of student-loan borrowers have one week to benefit from a recent settlement with a major private lender. In July, Navient agreed to a $198 million settlement with private student-loan borrowers who claimed the lender continued to collect on debts that should have been discharged in bankruptcy. The settlement resolved those allegations following six years of legal battles. Navient denied any wrongdoing when it agreed to $182 million in debt relief for impacted borrowers, along with $16 million in cash for a settlement class of 4,607 borrowers.
America’s banks are in a steadier place than they were in 2008. But according to a recent Federal Reserve report, that doesn’t mean they’re completely healthy.
On November 7, 2023, the Consumer Financial Protection Bureau (“CFPB”) announced a new proposed rule wherein providers of digital wallets and payment apps would be defined as “Larger Participants” and would become subject to supervision by the CFPB, as well as need to comply with consumer financial services laws and regulations. Comments to this Larger Participant rulemaking are due by January 8, 2024.
.jpg)
.jpg)