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.
Continue Reading FTC Highlights Debt Collection and Data Protection Issues in Letter to CFPB
Dodd-Frank Act
SEC and CFTC Adopt Rules on Red Flags and Identity Theft
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.
Continue Reading SEC and CFTC Adopt Rules on Red Flags and Identity Theft
Employers Must Update Notice Form Under the Fair Credit Reporting Act
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.
Continue Reading Employers Must Update Notice Form Under the Fair Credit Reporting Act
Election Results: Key Developments for Federal Privacy and Data Security Legislation
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.
Continue Reading Election Results: Key Developments for Federal Privacy and Data Security Legislation
CFPB Indicates Intent to Regulate Service Providers to Financial Institutions
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.
Continue Reading CFPB Indicates Intent to Regulate Service Providers to Financial Institutions
CTFC Proposes New Rules for Consumer Privacy Protection
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.
…
Continue Reading CTFC Proposes New Rules for Consumer Privacy Protection
Three Bills Introduced to Repeal Section 929I of the Dodd-Frank Financial Reform Bill
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.
…
Continue Reading Three Bills Introduced to Repeal Section 929I of the Dodd-Frank Financial Reform Bill