On October 19, 2023, the Consumer Financial Protection Bureau proposed a new rule that would provide consumers with more control over their financial information and impose certain requirements.
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FinTech
U.S. Department of the Treasury Announces Partnership with Israel to Combat Ransomware
On November 14, 2021, the U.S. Department of the Treasury announced a bilateral cybersecurity partnership with the Israeli Ministry of Finance “to protect critical financial infrastructure and emerging technologies” and combat the use of ransomware. The initiative includes the launch of a U.S.-Israeli Task Force on Fintech Innovation and Cybersecurity (the “Task Force”), which seeks to advance the twin goals of encouraging fintech innovation while protecting against cyber threats from nation-state and criminal actors.
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Consumer Financial Protection Bureau Issues Notice of Proposed Rulemaking Regarding Access to Financial Information
On October 22, 2020, the Consumer Financial Protection Bureau issued a notice of proposed rulemaking to implement Section 1033 of the Dodd-Frank Act regarding consumers’ access to their financial information.
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Hunton Recognized in Chambers and Partners 2019 FinTech Guide
Hunton Andrews Kurth LLP is pleased to announce that the firm was recognized in the inaugural Chambers and Partners 2019 FinTech guide, and Lisa Sotto was ranked in the Band 1 category for Data Protection and Cyber Security.
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