On February 5, 2015, the FTC sent a letter to the Consumer Financial Protection Bureau describing the agency’s efforts in the debt collection arena during the previous year, and highlighting that the security of consumer data in the buying and selling of debts was one of the FTC’s main focuses.
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Dodd-Frank Act
SEC and CFTC Adopt Rules on Red Flags and Identity Theft
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On April 10, 2013, the Securities and Exchange Commission and the Commodity Futures Trading Commission jointly adopted rules that require broker-dealers, mutual funds, investment advisers and certain other regulated entities to adopt programs designed to detect red flags and prevent identity theft.
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Employers Must Update Notice Form Under the Fair Credit Reporting Act
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Posted in FCRA, Workplace Privacy
As reported in the Hunton Employment & Labor Perspectives Blog, beginning January 1, 2013, employers must issue an updated notice form to applicants and employees when using criminal background information under the federal Fair Credit Reporting Act.
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Election Results: Key Developments for Federal Privacy and Data Security Legislation
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The 2012 election results likely will have consequences for U.S. federal privacy and data security legislation. This blog entry outlines some key developments in the U.S. House of Representatives and Senate and describes how these developments might affect legislative priorities and prospects for the 113th Congress beginning in 2013.
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CFPB Indicates Intent to Regulate Service Providers to Financial Institutions
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Posted in Enforcement, Financial Privacy
Earlier this year, the Consumer Financial Protection Bureau published a Bulletin signaling its intent to regulate and exercise enforcement authority over service providers to financial institutions.
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CTFC Proposes New Rules for Consumer Privacy Protection
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On October 27, 2010, the U.S. Commodity Futures Trading Commission issued two notices of proposed rulemaking, citing GLB privacy rules and the FCRA’s marketing and data disposal rules.
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Three Bills Introduced to Repeal Section 929I of the Dodd-Frank Financial Reform Bill
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Posted in Financial Privacy
As reported in BNA’s Privacy Law Watch, on July 29, 2010, three bills were introduced by House Republicans to repeal Section 929I of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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