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January

9
2025
Industry News

FCC To Hold Open Commission Meeting Wednesday, January 15, 2025

The Federal Communications Commission will hold an Open Meeting on the subjects listedbelow on Wednesday, January 15, 2025, which is scheduled to commence at 10:30 a.m. in theCommission Meeting Room of the Federal Communications Commission, 45 L Street, N.E.,Washington, D.C. Bureau, Office, and Task Force leaders will summarize the work their teamshave done over the last four years in a series of panel presentations.

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January

9
2025
Industry News

California Joins States in Levying $20 Million Penalty Against Nation’s Largest Nonbank Mortgage Servicing Company

Today, California and 52 state financial regulatory agencies announced a coordinated action against mortgage company Bayview Asset Management LLC, and three of its affiliates, Lakeview Loan Servicing, Community Loan Servicing, and Pingora Holdings (collectively the Bayview Companies), for deficient cybersecurity practices and for not fully cooperating with state regulators following a data breach that impacted 5.8 million customers.

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January

8
2025
Compliance

Strengthening Cybersecurity in Health Care: Proposed Updates to the HIPAA Security Rule

The U.S. Department of Health and Human Services (HHS), through its Office for Civil Rights (OCR), has issued a proposed rule aimed at bolstering cybersecurity protections in the health care sector. This initiative seeks to address the increasing frequency and sophistication of cyberattacks targeting health care systems, which pose significant threats to patient safety and trust. The proposed rule aims to update the Health Insurance Portability and Accountability Act of 1996 (HIPAA) Security Rule, ensuring stronger safeguards for individuals’ protected health information (PHI).

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January

8
2025
Compliance

[PODCAST]: Navigating Consumer Protection: The CFPB's Expanding Reach — Payments Pros

In the latest episode of Payments Pros, host Carlin McCrory welcomes Jesse Silverman to discuss the Consumer Financial Protection Bureau's (CFPB) recent order asserting supervisory authority over Google.

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January

8
2025
Industry News

CFPB Finalizes Rule to Remove Medical Bills from Consumer Reports

On January 7, the Consumer Financial Protection Bureau (CFPB or Bureau) finalized its rule aimed at removing an estimated $49 billion in medical bills from the consumer reports of approximately 15 million Americans. Specifically, the Bureau’s rulemaking as finalized removes an existing exception in Regulation V that permitted lenders to obtain and use information on medical debts. The final rule is scheduled to take effect 60 days after its publication in the Federal Register. However, the upcoming change in administration may very well impact its implementation.

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