Social Security

FloatMe claimed to rescue consumers struggling to keep their heads above water, but left many without a lifeline

Retrieved on:

星期四, 四月 25, 2024

FloatMe claimed to rescue consumers struggling to keep their heads above water, but left many without a lifeline For consumers already underwater financially and desperate for just $50, cash advance company FloatMe’s services turned out to be more sink than swim.

Key Points:

FloatMe claimed to rescue consumers struggling to keep their heads above water, but left many without a lifeline

For consumers already underwater financially and desperate for just $50, cash advance company FloatMe’s services turned out to be more sink than swim.
In addition to $3 million in consumer redress and provisions that will change how FloatMe does business in the future, the settlement includes a provision specifically prohibiting deceptive claims about the use of artificial intelligence, algorithms, or machine learning.

FloatMe advertises that consumers can “get up to $50 instantly,” suggesting that the company targeted people struggling to make ends meet.
But consumers who tried to get $50 rarely got even that much from FloatMe.
What they did get was a raft of undisclosed fees and hassles when they tried to cancel.
Otherwise they had to wait three days – a catch the FTC says FloatMe didn’t clearly disclose up front.
In other instances, the FTC says FloatMe simply ignored cancellation requests and continued to help themselves to consumers’ bank accounts.

In addition, the complaint alleges the defendants violated the Equal Credit Opportunity Act by disqualifying people whose income came from public assistance programs.
In addition to the $3 million financial remedy, the order requires the company to implement a fair lending program similar in form to other FTC actions alleging ECOA violations.
The action against FloatMe includes compliance lessons for businesses offering similar services, but the advice extends beyond that industry.
Like any other objective claim, a statement about your company’s use of AI or algorithms requires appropriate substantiation.

Rishi Sunak wants to cut the cost of ‘sicknote’ Britain. But we’ve found a strong economic case for benefits

Retrieved on:

星期四, 四月 25, 2024

Health, Employment, COVID, Environment, Respite care, Pension, Education, Social Security, Common, Mental health, Research, NHS, Social, Housing, Workforce, Government, Health insurance

He instead wants to focus on “what people can do with the right support in place, rather than what they can’t do”.

Key Points:

He instead wants to focus on “what people can do with the right support in place, rather than what they can’t do”.
Taxpayers and recipients of sickness and disability benefits might feel like they’ve heard all this before.
It is this trend that Rishi Sunak claims needs to be addressed, with mental health conditions a growing component of new disability benefit claims.
Rather, we can point to a real economic case for government investment in infrastructure and day-to-day spending to keep people well and – where possible – working.

Changing attitudes

The effect of this is that the old “strivers versus scroungers” argument simply doesn’t appeal as it once did.
In the latest British Social Attitudes Survey, just 19% agreed that “most people who get social security don’t really deserve any help” – less than half the figure of 40% in 2005.
We must create a system that enables people to build a productive life in their best health, wellbeing and economic interests.

Investing in people is good

Rather, there is good evidence for implementing less conditional systems of welfare, which have no work disincentives, for economic, health, and wellbeing reasons.
Something like basic income (a system of regular, fixed payments made to everyone in society) can provide the economic and financial stability to allow people to find sustainable employment.
That might be the case had government funding for these services not failed to keep up with demand.
We need to act now to create a better system – because the current one is benefiting very few of us.

Elliott Johnson is affiliated with the Common Sense Policy Group. Howard Reed is affiliated with the Common Sense Policy Group. Matthew T. Johnson is affiliated with the Common Sense Policy Group

The reformed EU fiscal framework – potential macroeconomic implications for the euro area

Retrieved on:

星期四, 四月 25, 2024

Following the European Commission’s legislative proposals of April 2023, the ECOFIN Council reached an agreement on the reform of the fiscal rules underpinning the EU Stability and Growth Pact (SGP) on 20 December 2023.

Key Points:

Following the European Commission’s legislative proposals of April 2023, the ECOFIN Council reached an agreement on the reform of the fiscal rules underpinning the EU Stability and Growth Pact (SGP) on 20 December 2023.
This box provides a preliminary assessment of the potential macroeconomic effects of the EU fiscal framework reform over the horizon of the March 2024 ECB staff macroeconomic projections for the euro area.

DATA BREACH ALERT: Edelson Lechtzin LLP is Investigating Claims on Behalf of Customers Whose Personal Data May Have Been Compromised by the Greylock McKinnon Associates, Inc. Data Breach

Retrieved on:

星期二, 四月 9, 2024

Name, Social Security, Medicare, Privacy, Social, HERE, LLP, Private investigator

NEWTOWN, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations by Greylock McKinnon Associates, Inc. Greylock McKinnon learned of suspicious activity on or about May 30, 2023.

Key Points:

NEWTOWN, Pa., April 09, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a national class action law firm, is investigating claims regarding data privacy violations by Greylock McKinnon Associates, Inc. Greylock McKinnon learned of suspicious activity on or about May 30, 2023.
On or about May 30, 2023, Greylock McKinnon detected unusual activity on its internal network and took action to address the situation, including consulting with third-party cybersecurity experts about the incident.
How can I protect my personal data?
Edelson Lechtzin LLP is investigating bringing a class action lawsuit to seek legal remedies on behalf of customers who may have had their sensitive personal and patient data compromised by the Greylock McKinnon data breach.

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Customers Whose Personal Data May Have Been Compromised By The City of Hope Data Breach

Retrieved on:

星期五, 四月 5, 2024

Social Security, Privacy, City, Social, Computer, HERE, LLP

NEWTOWN, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by City of Hope, a cancer hospital and research center.

Key Points:

NEWTOWN, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by City of Hope, a cancer hospital and research center.
City of Hope learned of suspicious activity on or about October 13, 2023.
On or about October 13, 2023, City of Hope detected suspicious activity on its computer systems and took immediate action to contain it.
Edelson Lechtzin LLP is investigating bringing a class action lawsuit to seek legal remedies on behalf of customers who may have had their sensitive personal and patient data compromised by the City of Hope data breach.

DATA BREACH ALERT: Edelson Lechtzin LLP Is Investigating Claims On Behalf Of Customers Whose Personal Data May Have Been Compromised By The On Q Financial, LLC Data Breach

Retrieved on:

星期五, 四月 5, 2024

Social Security, Privacy, Social, ConnectWise Control, HERE, LLP, Software, Cryptocurrency

NEWTOWN, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by On Q Financial, LLC.

Key Points:

NEWTOWN, Pa., April 05, 2024 (GLOBE NEWSWIRE) -- The law firm of Edelson Lechtzin LLP is investigating claims regarding data privacy violations by On Q Financial, LLC.
On Q Financial learned of suspicious activity on or about February 20, 2024.
On or about February 20, 2024, On Q Financial received a notification from a third-party software vendor regarding a vulnerability in its product, ScreenConnect, which On Q Financial used for remote computer access.
Edelson Lechtzin LLP is investigating bringing a class action lawsuit to seek legal remedies on behalf of customers who may have had their sensitive personal and patient data compromised by the On Q Financial data breach.

Lynch Carpenter Investigates Claims in AT&T Data Breach

Retrieved on:

星期二, 四月 2, 2024

Name, Social Security, Social, LLP, AT&T

PITTSBURGH, April 02, 2024 (GLOBE NEWSWIRE) -- AT&T recently confirmed that the personal information of millions of current and former account holders has been leaked online.

Key Points:

PITTSBURGH, April 02, 2024 (GLOBE NEWSWIRE) -- AT&T recently confirmed that the personal information of millions of current and former account holders has been leaked online.
The information potentially impacted includes current and former AT&T customer information, including names, email addresses, mailing addresses, phone numbers, Social Security numbers, dates of birth, AT&T account numbers, and AT&T account passcodes.
Lynch Carpenter, LLP is investigating claims against AT&T related to this data compromise.
If you received a data breach notification from AT&T, you may be entitled to compensation.

Nearly 2 in 3 Americans Worry More about Running Out of Money than Death

Retrieved on:

星期二, 四月 9, 2024

Personal Finance, Professional Services, Insurance, Finance, Social Security, Tax, Generation X, Death, Millennials, Social, Investment, Retirement, Allianz Life, Fear

The worry of running out of money has increased in recent years.

Key Points:

The worry of running out of money has increased in recent years.
In 2024, 63% say they worry more about running out of money than death, up from 57% in 2022.
Gen Xers are the most likely to say this with 71% more worried about running out of money than death, compared to 64% of millennials and 53% of boomers.
High inflation (43%) is the most common concern contributing to worry about running out of money.

Federman & Sherwood Investigates Trustpoint Rehabilitation Hospital of Lubbock for Data Breach

Retrieved on:

星期二, 四月 9, 2024

Other Professional Services, Legal, Health, Hospitals, Professional Services, Technology, Class Action Lawsuit, Security, Social Security, Federman, Social

The law firm of Federman & Sherwood has initiated an investigation into Trustpoint Rehabilitation Hospital of Lubbock with respect to their recent data breach.

Key Points:

The law firm of Federman & Sherwood has initiated an investigation into Trustpoint Rehabilitation Hospital of Lubbock with respect to their recent data breach.
Recently, Trustpoint Rehabilitation Hospital of Lubbock discovered that it had experienced a data breach in which personal identifiable information and protected health information may have been accessed and acquired.
Through its investigation, Trustpoint Rehabilitation Hospital of Lubbock determined that an unauthorized party may have accessed this sensitive information between January 16, 2024, and February 4, 2024.
On March 29, 2024, Trustpoint Rehabilitation Hospital of Lubbock began notifying individuals whose information may have been impacted.

Federman & Sherwood Investigates SouthState Bank for Data Breach

Retrieved on:

星期二, 四月 9, 2024

Class Action Lawsuit, Professional Services, Legal, Name, Social Security, Federman, Social

The law firm of Federman & Sherwood has initiated an investigation into SouthState Bank with respect to their recent data breach.

Key Points:

The law firm of Federman & Sherwood has initiated an investigation into SouthState Bank with respect to their recent data breach.
On February 7, 2024, unauthorized access was gained to folders on its network resulting in the compromise of account data.
After the problem was detected, the company initiated its incident response and business continuity protocols and began taking measures to disrupt the unauthorized activity.
The following information may have been accessed: individuals’ names, financial account numbers and Social Security number.