Chinese hackers accessed Yellen’s computer in U.S. Treasury breach
The attackers also hacked the computers of two of Yellen's lieutenants, Deputy Secretary Wally Adeyemo and Acting Under Secretary Brad Smith.
Data breaches
Pennymac, RoundPoint clients exposed to global data breach
The customers were affected by an incident involving a Progress Software program used by Sovos Compliance.
Senior House Republican proposes credit reporting changes
A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus.
CFPB, FTC need more teeth in dealing with credit bureaus, GAO says
The watchdog’s report — requested by Sen. Elizabeth Warren, D-Mass., and Rep. Elijah Cummings, D-Md. — called for civil money penalty authority and better supervision to guard consumer data.
6 takeaways from Treasury fintech report: National charter, breaches and more
The Trump administration is making more than 80 recommendations to encourage financial innovation within a regulated space, including endorsing the creation of a federal fintech charter.
Equifax data breach leads to new credit reporting rules in New York
Credit reporting firms with significant operations in New York will face new cybersecurity and registration requirements to stave off concerns related to a breach of Equifax's systems last year.
Warren, Warner propose ‘massive’ fines for breaches at credit bureaus
The two senators are set to introduce a bill that would force such firms to pay $100 per customer whose personal information was compromised.
Can blockchain be used to build a better credit bureau?
Calls for less reliance on credit bureaus and Social Security numbers for verification are leading many to envision a future of identity on a distributed ledger.
