Adrianne Appel

In an effort to streamline the enforcement of California's stringent privacy rules, the Federal Communications Commission has signed a memorandum of understanding (MOU) with the California Privacy Protection Agency.

With the presidential election this week, one fear has remained on the minds of voters regardless of their political stripe-that artificial intelligence (AI) will be misused to change the outcome of the race.

VyStar credit union has agreed to pay a $1.5 million fine and make restitution to customers harmed by its alleged lack of due diligence when it launched a new banking platform, the Consumer Financial Protection Bureau (CFPB) said.

A Texas health care organization agreed to pay $14.2 million to settle allegations it filed false claims related to violations of the "Stark" self-referral law, according to the Department of Justice (DOJ).

The U.K. Financial Conduct Authority has fined Metro Bank 16.6 million pounds (U.S. $21 million) for an alleged failure by its automated system to adequately monitor money laundering risks.

"Unreasonably delayed reporting" cost one of two claimants whom will unevenly split a $4 million whistleblower award from the Commodity Futures Trading Commission for providing information that led to a successful enforcement action.

Webcast details: November 21, 2024 – 11 a.m. ET **CPE Credit(s): 1 Register for this webcast

The U.S. Department of the Treasury's Financial Crimes Enforcement Network issued an alert Wednesday to financial institutions about their obligations to report deepfakes, with the proliferation of artificial intelligence giving bad actors additional tools in their arsenal.

A pharmaceutical company and its chief executive have agreed to pay $47 million to settle allegations first brought by whistleblowers, that the company paid kickbacks and filed false claims, the Department of Justice said.

Big Tech digital payment apps will be subjected to increased oversight and requirements-similar to that of banks and credit unions-under a finalized rule by the Consumer Financial Protection Bureau.