HHS Cybersecurity Performance Goals and the Healthcare Industry -
The healthcare industry is a major target for cyberattacks because of all of the personal information collected from patients. Recognizing that the healthcare...more
3/8/2024
/ Artificial Intelligence ,
Automation Systems ,
Biden Administration ,
Biometric Information ,
Cancer ,
Climate Action Plan ,
Cybersecurity ,
Data Protection ,
Department of Health and Human Services (HHS) ,
Disclosure Requirements ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Food and Drug Administration (FDA) ,
Fraud ,
Healthcare ,
Incident Response Plans ,
Life Sciences ,
Online Safety for Children ,
Personal Information ,
Pharmaceutical Industry ,
Privacy Laws ,
Securities and Exchange Commission (SEC) ,
Security Breach ,
Technology Sector
OCC Issues Guidance on ‘Buy Now, Pay Later’ Lending -
“The guidance notes that banks should maintain underwriting, repayment terms, pricing, and safeguards that minimize adverse customer outcomes and should ensure that...more
1/29/2024
/ Artificial Intelligence ,
Banking Regulators ,
Basel Committee on Banking Supervision (BCBS) ,
Buy Now Pay Later (BNPL) ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
FDIC ,
Interest Rates ,
Lending ,
Machine Learning ,
New Guidance ,
OCC ,
Risk Management ,
Software
FTC Amends Safeguards Rule to Require Non-Banking Financial Institutions to Report Data Security Breaches -
“Amendment will require non-bank financial institutions to report when they discover that information affecting...more
11/8/2023
/ Artificial Intelligence ,
Banks ,
Beneficial Owner ,
Comment Period ,
Consumer Financial Protection Bureau (CFPB) ,
Corporate Transparency Act ,
Credit Unions ,
Data Breach ,
Data Security ,
Debit Cards ,
Federal Reserve ,
Federal Trade Commission (FTC) ,
Fees ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Interest Rates ,
Non-Bank Lenders ,
Reporting Requirements ,
Safeguards Rule ,
State and Local Government
You may be Entitled to Financial Compensation…for Your Data -
“Without all of our writings and photos that AI companies are using to train their models, they would have nothing to sell.”
Why this is important: This...more
8/4/2023
/ Algorithms ,
Artificial Intelligence ,
Biotechnology ,
Bots ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Deletion ,
Data Privacy ,
Educational Institutions ,
FCC ,
Federal Trade Commission (FTC) ,
Hackers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Healthcare ,
Investment ,
Life Sciences ,
Online Platforms ,
PHI ,
Ransomware ,
Ripple ,
School Districts ,
Securities ,
Securities and Exchange Commission (SEC) ,
Technology Sector
CFPB Issue Spotlight Analyzes “Artificial Intelligence” Chatbots in Banking -
"Poorly deployed chatbots can impede customers from resolving problems."
Why this is important: The Consumer Financial Protection Bureau...more
7/11/2023
/ Artificial Intelligence ,
Automotive Loans ,
Banking Sector ,
Borrowers ,
Bots ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Protection Laws ,
Credit Cards ,
Credit Reports ,
Customer Service Standard ,
Debt Collection ,
Delinquency Status ,
Fair Credit Billing Act (FCBA) ,
Fair Credit Reporting Act (FCRA) ,
FDCPA ,
Financial Institutions ,
Financial Services Industry ,
Landlords ,
Tenants
GOP Senator Backs Marijuana Banking Bill, but Doubts Democratic Leadership Will Advance It -
“Sen. Tommy Tuberville (R-AL), said that he’d be a ‘yes’ vote on the Secure and Fair Enforcement (SAFE) Banking Act if it...more
7/3/2023
/ Artificial Intelligence ,
Banking Sector ,
Bots ,
Cannabis Products ,
Cannabis-Related Businesses (CRBs) ,
Consumer Privacy Rights ,
Foreclosure ,
Legalization ,
Legislative Agendas ,
Marijuana ,
Marijuana Related Businesses ,
Medical Marijuana ,
Robotics ,
SAFE
Generative AI has Its Risks, but the Sky isn't Falling -
“The threat organizations face with GenAI is not new, but it could speed how quickly private data reaches a wider audience.”
Why this is important: Generative...more
7/3/2023
/ Artificial Intelligence ,
Authorship ,
Biometric Information Privacy Act ,
Bots ,
Consumer Privacy Rights ,
Copyright ,
Data Protection ,
Facial Recognition Technology ,
Intellectual Property Protection ,
Liability ,
Machine Learning ,
Music Industry ,
Policy Statement ,
Popular ,
Privacy Laws ,
School Districts ,
Technology Sector ,
The Copyright Act
Survey Finds Small-Business Lending Fraud on Rise -
“Lending fraud with small and midsize businesses has increased significantly over the last 12 months, and many financial institutions expect it to get worse, according to...more
6/1/2023
/ Artificial Intelligence ,
Banks ,
Chapter 11 ,
Commercial Bankruptcy ,
Construction Industry ,
Consumer Financial Protection Bureau (CFPB) ,
Credit Unions ,
Financial Institutions ,
Financial Services Industry ,
Fraud ,
Lending ,
Libor ,
Secured Overnight Funding Rate (SOFR) ,
Small Business ,
Truth in Lending Act (TILA)
Cyber Resilience Programs Falling Short on Preparing Workers for a Crisis-
“At two-thirds of organizations, there is a fear that almost all employees, 95%, will not understand how to recover following a cyberattack.”
...more
6/1/2023
/ Artificial Intelligence ,
Biotechnology ,
Bots ,
Colleges ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Educational Institutions ,
Employees ,
Enforcement Actions ,
Financial Services Industry ,
Healthcare ,
Investment ,
Popular ,
Ransomware ,
Research and Development ,
School Districts ,
Technology Sector ,
Telehealth ,
Universities