PYMNTS-MonitorEdge-May-2024

Congress

UnitedHealth Still ‘Trying to Dig Through’ Cause of Cyberattack
UnitedHealth Still ‘Trying to Dig Through’ Cause of Cyberattack
May 01, 2024  |  Security & Fraud

UnitedHealth’s CEO said the company is still investigating a security failure behind a massive cyberattack. Testifying before the Senate Finance Committee Wednesday (May 1), Andrew...

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UnitedHealth Group CEO Said Hackers Struck Via Citrix Portal
UnitedHealth Group CEO Said Hackers Struck Via Citrix Portal
April 29, 2024  |  Fraud Attack

UnitedHealth Group CEO Andrew Witty will testify Wednesday (May 1) that hackers broke into its Change Healthcare unit’s systems through the Citrix portal. “On February 12, criminals used compromised credentials...

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UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
UnitedHealth CEO Andrew Witty to Testify Before Congress on Cyberattack
April 29, 2024  |  Security & Fraud

UnitedHealth Group CEO Andrew Witty will testify before two Congressional committees Wednesday (May 1), addressing the cyberattack that hit the company’s Change Healthcare unit. The Senate hearing is titled “Hacking...

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TikTok Divesture Aftermath Focuses on Potential Suitors
TikTok Divesture Aftermath Focuses on Potential Suitors
April 24, 2024  |  Regulation

The clock is running out on TikTok’s U.S. ambitions. President Joe Biden on Wednesday (April 24) signed a bipartisan measure that gives TikTok’s owner, Chinese...

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TikTok Ban Becomes Law as Social Commerce Takes Off
TikTok Ban Becomes Law as Social Commerce Takes Off
April 24, 2024  |  Regulation

President Joe Biden has signed a law banning TikTok unless it’s sold within a year. As NPR noted in its report Wednesday (April 24), the law is the largest threat...

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Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
Proposed Federal AI Oversight Plan Faces Hurdles, Experts Say
April 18, 2024  |  artificial intelligence

Sen. Mitt Romney’s call for enhanced federal oversight of artificial intelligence (AI) faces hurdles, according to experts, who say the technology’s rapid advancement and wide-ranging...

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Congress Advances Earned Wage Access Bill as Popularity Grows
Congress Advances Earned Wage Access Bill as Popularity Grows
April 18, 2024  |  Personal Finance

When is a loan not a loan? That is, in one sense, the question at the heart of proposed new federal legislation around earned wage access (EWA)...

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McHenry Proposes Office to Regulate Financial Regulators
McHenry Proposes Office to Regulate Financial Regulators
April 18, 2024  |  Regulation

House Republicans think America’s financial oversight bodies need some oversight of their own. U.S. Rep. Patrick McHenry (R-NC), chair of the House Financial Services Committee, re-introduced legislation Wednesday...

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House GOP Targets Shadow Bank Regulations
House GOP Targets Shadow Bank Regulations
April 18, 2024  |  Regulation

A top House Republican wants to overturn a recent federal regulation governing non-bank financial companies. Rep. French Hill (R-Ark.) introduced a resolution Wednesday (April 17) that would yank the...

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