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June

27
2023
Compliance

Federal regulators want to know what Big Tech is doing with your financial data

The U.S. government wants major technology companies to explain how they're using customers' financial data, laying the groundwork for tighter privacy rules on mobile payment systems down the road.

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June

27
2023
Industry News

Ninth Circuit Rejects Constitutional Challenge to Nevada Medical Debt Legislation; Also Finds Legislation Not Preempted by FDCPA or FCRA

Last week, the Ninth Circuit Court of Appeals affirmed a lower court’s denial of preliminary injunctive relief to plaintiffs challenging Nevada Senate Bill 248 (S.B. 248), which places new restrictions on the collection of consumer medical debt.

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June

27
2023
Industry News

CFPB Takes Action Against ACI Worldwide for Illegally Processing $2.3 Billion in Mortgage Payments that Homeowners Did Not Authorize

WASHINGTON, D.C. – Today, the Consumer Financial Protection Bureau (CFPB) issued an order against ACI Worldwide and one of its subsidiaries, ACI Payments, for improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions.

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June

26
2023
Industry News

Oregon Department of Transportation Confirms Data Breach Leaking the Personal Information of 3.5 Million Oregon Residents

MARLTON, N.J., June 23, 2023 /PRNewswire/ -- The sensitive personal data of approximately 3.5 million people has been compromised as a result of a zero-day vulnerability in a software tool created by Progress Software, LLC. Now, residents' full names, addresses and other personal information may be in the hands of criminals who can use the stolen information to commit identity theft and other frauds.

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June

26
2023
Industry News

FCC Call Authentication Rules Take Effect in August

The Federal Communications Commission has announced an Aug. 21 effective date for final rules on illegal robocall mitigation and to expand requirements for voice service providers to implement the STIR/SHAKEN call authentication framework.

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