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FDIC Reemphasizes Focus on FinTech Partnerships and Account Reconciliation
In what should come as no surprise to FinTech sponsor banks, the FDIC is reemphasizing the need to maintain control over synthetic account ledgers in the wake of the Synapse collapse. On September 17, the FDIC’s rulemaking board finalized certain recordkeeping rules that will require FinTech sponsor banks to maintain the ability to determine the…
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Illinois Adopts Business-Favorable Amendment to Biometric Information Privacy Act
The Illinois Biometric Information Privacy Act (“BIPA”) has posed significant litigation risk to businesses collecting biometric information since its adoption in 2008. Last year, an Illinois Supreme Court decision magnified that risk by holding that a BIPA violation accrues each time biometric information is collected or disclosed without consent. That holding, coupled with the law’s…
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What U.S. Companies Can Expect from the US-International Framework Convention on AI
This is part of a series from Nelson Mullins’ AI Task Force. We will continue to provide additional insight on both domestic and international matters across various industries spanning both the public and private sectors….By: Nelson Mullins Riley & Scarborough LLP
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Mt. Carmel Behavioral Healthcare Announces Data Breach Resulting from Email Phishing Attack
On August 30, 2024, Mt. Carmel Behavioral Healthcare LLC (“MCBH”) filed a notice of data breach with the U.S. Department of Health and Human Services Office for Civil Rights after discovering that an unauthorized party accessed an employee email account. In this notice, MCBH explains that the incident resulted in an unauthorized party being able…
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California Bicycle Laws Every Rider Needs to Know
California has a strong reputation for cycling. In 2022, the League of American Bicyclists designated the state as the fourth most friendly state for bicycling in the United States. Two California cities – Davis and Berkeley – rank among the top ten best cities with populations of 50,000 to 300,000 to bike, according to People…
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How Israel Built a Modern-Day Trojan Horse: Exploding Pagers
The Israeli government did not tamper with the Hezbollah devices that exploded, defense and intelligence officials say. It manufactured them as part of an elaborate ruse.
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Elon Musk’s X Finds Way Around Brazil Ban and Goes Live Again for Many Users
Elon Musk’s social network used a technical maneuver to restore service for many Brazilians after a court blocked it. Regulators expected to restore the block soon.
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Second Wave of Hezbollah Devices Explodes in Lebanon, Killing at Least 20
At least 20 people were killed and more than 450 others wounded, Lebanese officials said, a day after pagers exploded across the country and killed 12 people, in an attack widely attributed to Israel.
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Child, 10, Stabbed Near Japanese School in China
A 44-year-old man was in custody, the police said, after the child was attacked Wednesday. Other Japanese schools in China urged caution.
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Pager Attacks in Lebanon Puncture Hezbollah’s Image as Powerful Anti-Israel Force
Two series of coordinated attacks targeting the group’s wireless devices caused thousands of injuries, piercing the group’s rank and file and raising questions about how it will respond.
