• 03.15.18

    Ninth Circuit: NBA Doesn’t Preempt California Escrow Law

    In a ruling that could prove costly to some national banks, the Ninth Circuit has ruled that the National Bank Act (NBA) does not preempt California state law mandating that financial institutions pay borrowers interest on funds held in their escrow accounts.

  • 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 ...

  • 03.15.18

    BSA/AML Failures Prove Costly

    Recent enforcement actions demonstrate just how expensive failures with regard to Bank Secrecy Act and anti-money laundering (BSA/AML) compliance can be and how intentional conduct can enhance the severity of a penalty, with the California branch of a foreign bank required to pay upward of $368 ...

  • 03.15.18

    Privacy, Disclosure Failures Cost Venmo in FTC Deal

    The Federal Trade Commission (FTC) reached a deal with PayPal, Inc., settling charges that the company violated Section 5 of the Federal Trade Commission Act by misleading consumers about the extent to which they could control the privacy of their Venmo transactions.

  • 03.15.18

    FTC Makes Moves to Protect Senior Citizens

    In an effort to protect older consumers, the Federal Trade Commission filed a pair of actions challenging sweepstakes and tech scams.

  • 03.15.18

    FTC Nominees Make Progress

    The confirmation of four new members of the Federal Trade Commission (FTC)—including a chairperson—inched closer to reality after the Senate Commerce Committee approved the nominations.

  • 03.15.18

    Embedded Tweet May Constitute Copyright Infringement

    In a decision making headlines, a New York federal court judge held that a tweet embedded in news stories may constitute copyright infringement.

  • 03.13.18

    Warning That Cryptocurrency Exchanges May Be Unlawful Trading Platforms

    On March 7, 2018, the Securities and Exchange Commission (SEC) issued a public statement warning that cryptocurrency coin exchanges were possibly operating as unlawful online trading platforms.

  • 03.09.18

    Eleventh Circuit’s Decision on Partial Revocation Stands

    The Eleventh Circuit declined to reconsider its decision in Schweitzer v. Comenity Bank, denying the defendant’s motion to rehear the case.

  • 03.09.18

    Florida Court: No ATDS, No TCPA Suit

    Finding that the telephone system used by the defendant was not an automatic telephone dialing system (ATDS), a Florida federal court dismissed a putative TCPA class action.