Bayview Asset Management and its affiliates have agreed to pay a $20 million settlement to 53 state financial regulators following allegations of deficient cybersecurity practices. The settlement addresses issues stemming from a 2021 cyberattack that compromised the data of approximately 5.8 million customers. In a separate case, H&R Block has been ordered by the Federal Trade Commission (FTC) to pay a $7 million settlement due to accusations of deceptive practices that coerced consumers into overpaying for tax preparation services. These settlements come as companies face increasing scrutiny over their cybersecurity measures and consumer protection practices ahead of the 2025 tax filing season.