As of 2024, the landscape of U.S. state data privacy laws has grown increasingly complex, with seven additional states passing comprehensive privacy laws, bringing the total to 19 states. This count could rise to 20 if the controversial Florida Digital Bill of Rights is included. However, the real story of 2024 lies not in the number of new laws, but in the significant variations in the scope and substance of these laws.
As technology evolves, so does fraud -- and that's true with the most-hyped innovation of the moment, artificial intelligence (AI). AI is all the rage these days, whether that's a new feature for the latest cell phone, a tool to generate images or a way to create podcasts in seconds.
On September 29, California Governor Gavin Newsom signed Assembly Bill (AB) 1934 into law, marking a significant update to California’s Digital Financial Assets Law (DFAL). In addition to extending the compliance deadline for digital financial asset businesses, providing them with additional time to meet regulatory requirements and implement necessary operational changes, this new legislation includes significant modifications to the DFAL.
The Office of the Comptroller of the Currency (OCC) today released its bank supervision operating plan for fiscal year (FY) 2025. The plan outlines the OCC’s supervision priorities and objectives for the year. It also facilitates the implementation of supervisory strategies for individual national banks, federal savings associations, federal branches and agencies of foreign banking organizations, and third-party service providers subject to OCC examination. OCC staff uses this plan to guide its supervisory priorities, planning, and resource allocations.
Today, the Consumer Financial Protection Bureau (CFPB) issued guidance to prevent families from being targeted by illegal medical debt collection tactics. The advisory opinion clarifies that debt collectors, which may include third-party “revenue cycle management” companies, are violating federal law when they collect on inaccurate or legally invalid medical debts.
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