A new data breach disclosure requirement under the Federal Trade Commission’s Safeguards Rule goes into effect May 13, 2024. The amendment requires non-bank covered entities to report breaches involving the information of at least 500 consumers to the FTC within 30 days of the event.
HARTFORD, CT – The House Thursday passed a bill to prohibit healthcare providers from reporting some patients’ medical debt to credit agencies after debate over whether elective procedures should be covered.
Bankruptcy filings rose 16 percent during the 12-month period ending March 31, 2024. That is a similar rate of acceleration as in the Dec. 31, 2023, quarterly report, but new bankruptcy cases remain significantly lower than before the start of the coronavirus (COVID-19) pandemic.
Last week, we blogged about arguments by Colorado and the FDIC in their briefs opposing a motion for preliminary injunction that would enjoin application of Colorado’s opt-out statute with respect to loans by FDIC-insured state banks located outside of Colorado.
U.S. consumers’ median minimum monthly debt payments grew by 32% between 2020 and 2023 – surpassing the rate of inflation (18%) during the same time. As consumer debt obligations continue to rise, a new TransUnion (NYSE: TRU) public sector study explores ways government agencies can better assist their constituents.