• 08.29.18

    Next Phase Begins for DFS Cybersecurity Regulations

    A reminder from the New York Department of Financial Services (DFS): Beginning Sept. 4, all banks, insurance companies and other financial services institutions regulated by the DFS must begin complying with several additional requirements of the agency’s landmark cybersecurity regulation.

  • 08.29.18

    CFPB Updates: MLA Controversy, GLBA Amendment, Settlement, CFPB Constitutionality

    In the latest Bureau of Consumer Financial Protection (CFPB or Bureau) news, the reported halt to Military Lending Act (MLA) examinations has created controversy, an amendment to the Gramm-Leach-Bliley Act (GLBA) annual privacy notice requirements was finalized, and a $14 million settlement was ...

  • 07.18.18

    State Financial Regulators Settle With Equifax Over Data Breach

    Pursuant to a consent order with eight state financial regulators, Equifax agreed to take corrective actions following its record-breaking 2017 data breach, but avoided paying any fines or penalties.  

  • 07.05.18

    Consumer Lenders Beware: New California Privacy Law Likely Applies

    Consumer lenders doing business in California will be subject to the new consumer privacy requirements by 2020, under California’s version of the General Data Protection Regulation (GDPR).

  • 06.28.18

    Vermont Enacts First Data Broker Law

    Vermont became the first state in the country to pass legislation to regulate data brokers, when it mandated that they register with a state regulator and establish minimum security standards.

  • 06.28.18

    BREAKING: California Governor Signs Sweeping New Privacy Legislation

    Governor Brown and California legislators enacted far-reaching consumer privacy and data security protections today in a deal to avoid a deeply flawed privacy initiative being placed on the ballot for voters in November.

  • 06.22.18

    CA Legislative Compromise to Sweeping Data Privacy Ballot Initiative Takes Major Step Forward

    On June 21, 2018, California legislators held a briefing to announce that a legislative alternative to a sweeping ballot initiative to revamp the privacy and data security requirements of California businesses was agreed among State Senator Robert Hertzberg (D–Los Angeles), Assembly Member Ed ...

  • 06.14.18

    ‘Do Not Track Kids’ Tracks Back to Congress

    The Do Not Track Kids Act has made a return to Congress, with lawmakers hoping the third time will be the charm and the protections of the Children’s Online Privacy Protection Act (COPPA) will be extended to children up to age 15.

  • 06.06.18

    Cybersecurity News: Vermont, Colorado and Maybe California

    State legislatures are making their mark with new consumer protection legislation, most notably in Vermont, where the state enacted the first law regulating data brokers, and in Colorado, where lawmakers passed a new privacy and cybersecurity measure.

  • 03.15.18

    FTC Settles With Payment and Social Networking Service

    The Federal Trade Commission (FTC) entered into a Consent Order with an online payment system company, settling charges that its payment and social networking service violated the Gramm-Leach-Bliley Act (GLBA) and related regulations, as well as Section 5 of the Federal Trade Commission Act ...