On March 5, 2019, the Federal Trade Commission announced that it is seeking comment on proposed changes to the FTC’s Safeguards Rule and Privacy Rule under the Gramm-Leach-Bliley Act.
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Gramm Leach Bliley Act
CCPA Amended: Enforcement Delayed, Few Substantive Changes Made
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Posted in Online Privacy, U.S. State Law
On August 31, 2018, the California State Legislature passed SB-1121, a bill that delays enforcement of the California Consumer Privacy Act of 2018 and makes other modest amendments to the CCPA. The CCPA introduces key privacy requirements for businesses and its provisions will become operative on January 1, 2020.…
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FTC Approves Settlement with PayPal Regarding Alleged Venmo Privacy Misrepresentations
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On May 24, 2018, the Federal Trade Commission granted final approval to a settlement with PayPal, Inc., to resolve charges that its peer-to-peer payment service, Venmo, misled consumers regarding certain restrictions on the use of its service, as well as the privacy of transactions. …
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FTC Announces Settlement for Venmo’s Alleged Violations of the GLBA’s Privacy and Safeguards Rules
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On February 27, 2018, the FTC announced an agreement with PayPal, Inc., to settle charges that its Venmo peer-to-peer payment service misled consumers regarding privacy and the extent to which consumers’ financial accounts were secured. This signals a renewed focus by the FTC on violations of the Gramm-Leach-Bliley Act’s Privacy and Safeguards Rules.…
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FTC Announces Settlement with Tax Prep Service over Financial Privacy and Security Violations
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On November 8, 2017, the FTC announced a settlement with Georgia-based online tax preparation service, TaxSlayer, LLC, regarding allegations that the company violated federal rules on financial privacy and data security. The FTC charged TaxSlayer with violating the Gramm-Leach-Bliley Act’s Safeguards Rule and Privacy Rule. …
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New Mexico Enacts Data Breach Notification Law
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On April 6, 2017, New Mexico became the 48th state to enact a data breach notification law, leaving Alabama and South Dakota as the two remaining states without such requirements. The Data Breach Notification Act (H.B. 15) goes into effect on July 1, 2017. …
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FTC Issues Guide for Businesses on Handling Data Breaches
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On October 25, 2016, the Federal Trade Commission released a guide for businesses on how to handle and respond to data breaches. The 16-page guide details steps businesses should take once they become aware of a potential breach. The guide also underscores the need for cyber-specific insurance to help offset potentially significant response costs.…
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New Jersey Moves Forward With Shopper Privacy Bill
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On September 15, 2016, the New Jersey Senate unanimously approved a bill that would limit retailers’ ability to collect and use personal data contained on consumers’ driver and non-driver identification cards. The bill, known as the Personal Information and Privacy Protection Act, must now be approved by the New Jersey Assembly.…
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FTC Seeks Input on GLB Safeguards Rule
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On August 29, 2016, the Federal Trade Commission announced that it is seeking public comment regarding the Gramm Leach Bliley Act Safeguards Rule.…
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Lisa Sotto Speaks on Cybersecurity: Changes in Legal Landscape (Part 1)
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In this first segment from Bloomberg Law’s Second Annual Big Law Business Summit, Hunton partner Lisa Sotto describes the dramatic changes in the legal landscape of privacy over the last 10 to 15 years. View the video recording now. …
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