California Consumer Privacy Act (CCPA), Financial Services Industry

2024 Mid-Year Review: State AGs Shaping Regulatory Landscapes

Troutman Pepper on 7/23/2024

In 2024, the landscape of state attorneys general (AGs) is poised for significant change, with numerous elections and regulatory actions reshaping priorities and enforcement strategies. This dynamic environment reflects the...more

2023 Year in Review: Data Privacy and Cybersecurity

Goodwin on 2/16/2024

Welcome to the Data Privacy and Cybersecurity chapter of our annual report Consumer Financial Services 2023 Year in Review. Looking Ahead to 2024 - Amendments to key rules and regulations will take effect in 2024,...more

More Privacy, Please – November/December 2023

Troutman Pepper on 2/7/2024

In recent regulatory and enforcement developments, the California Privacy Protection Agency (CPPA) proposed a regulatory framework for automated decision-making technology (ADMT) and revisions to the California Consumer...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - February 2024

Troutman Pepper on 2/7/2024

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

House Financial Services Committee Announces AI Working Group

Ballard Spahr LLP on 1/23/2024

On January 11, 2024, the House Financial Services Committee announced the formation of a bipartisan Working Group on Artificial Intelligence (“AI”). The working group is to be led by the Chairman of the Digital Assets...more

New Jersey Adopts a Comprehensive Data Protection Law: What You Need to Know and Do Now

Lowenstein Sandler LLP on 1/15/2024

On January 8, 2024, after multiple amendments, the New Jersey Legislature passed a comprehensive data protection bill (SB 332). Gov. Philip Murphy has 45 days to execute SB 332, making New Jersey the 13th state to adopt...more

Automated Decisionmaking Technology in California: New Rules Would Impose Transparency, Notice, and Consumer Opt-Out Obligations...

Davis Wright Tremaine LLP on 12/8/2023

On November 27, 2023, the California Privacy Protection Agency (CPPA) released draft regulations mandating notice, opt-out, and information access requirements for companies using automated decision-making technology (ADMT)...more

CPPA publishes new draft regulations addressing AI, risk assessments, cyber audits

Ballard Spahr LLP on 9/8/2023

The California Privacy Protection Agency (CPPA) recently published two new sets of draft regulations addressing a range of cutting-edge data protection issues. Although the CPPA has not officially started the formal...more

Why Marketing Compliance for Financial Services Is A Big Deal

Hanzo on 9/6/2023

In today's fiercely competitive business landscape, financial services companies, like their counterparts in other industries, rely on advertising and digital marketing strategies to create brand recognition, promote their...more

Troutman Pepper Weekly Consumer Financial Services Newsletter - July 2023 # 4

Troutman Pepper on 7/26/2023

To help you keep abreast of relevant activities, below find a breakdown of some of the biggest events at the federal and state levels to impact the Consumer Finance Services industry this past week...more

CPRA Shuffle: Two Steps Forward, One Step Back: Court Temporarily Halts CPRA Regulation Enforcement as CPRA Enforcements Begins

Troutman Pepper on 7/24/2023

CPRA Regulations Delayed. On June 29, 2023, two days before enforcement of the California Consumer Privacy Act (CCPA) was to begin, a Sacramento Superior Court issued a temporary injunction, enjoining enforcement of newly...more

Video: Introduction: A Deep Dive into Privacy

McGlinchey Stafford on 1/27/2023

The world of cybersecurity and privacy have grown exponentially in recent years, both on the federal and state level. A pandemic-driven shift to remote has increased social media interaction and electronic communication, and...more

California AG’s Examples of CCPA Non-Compliance - Analysis of Targeted Industries

Ankura on 12/19/2022

This is the second article in a three-part series where Ankura privacy experts analyzed the 40 examples of non-compliance with the California Consumer Privacy Act (CCPA) published by the California Office of Attorney General...more

Wiley Consumer Protection Download (October 3, 2022)

Wiley Rein LLP on 10/4/2022

Regulatory Announcements- CFPB Releases Report Finding Violations of Federal Law by Student Loan Servicers and University-Owned Lenders. On September 29, the CFPB released the Supervisory Highlights Student Loan Servicing...more

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter - May 2022 # 5

Troutman Pepper on 6/1/2022

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. To help you keep abreast of relevant activities, below find a breakdown of some of the biggest legislative...more

New Rules, Enforcement Actions Make Financial Institutions’ Planning for Cyberattacks Even More Imperative

Skadden, Arps, Slate, Meagher & Flom LLP on 1/25/2022

Takeaways - Implementing strong cybersecurity practices helps companies prepare for future regulatory requirements. Incident-response plans must enable financial institutions to give timely and accurate notifications...more

Expanded Safeguards Rule Applicable to More Financial Institutions; Gives More Specificity on Security Requirements

Morgan Lewis on 11/22/2021

The Federal Trade Commission recently finalized a long-discussed update to its cybersecurity Safeguards Rule that includes more specific criteria for what financial institutions must implement as part of their information...more

New Trends in Financial Compliance: How Technology Supports Adoption

Mitratech Holdings, Inc on 6/4/2021

After a period of relative calm, the world of financial services compliance is gearing up for more change; some regulatory, some economic, some operational. The issue of Operational Resilience has now fully matured, with...more

New York’s DFS Publishes A Cyber Insurance Risk Framework

Husch Blackwell LLP on 3/9/2021

Keypoint: New York’s Division of Financial Services (DFS) now requires Property and Casualty Insurers writing cyber insurance to comply with the Division’s Cyber Insurance Risk Framework to manage their risk. In her...more

Financial Services Report - Spring 2021

Morrison & Foerster LLP on 3/2/2021

Can you say 0 to 60? Not cars, but pretty much everything to do with financial services. A new year, a new administration, and new challenges for providers. Prior CFPB Director Kraninger is long gone. Acting Director Uejio...more

US Cybersecurity and Data Privacy review and update: Looking back on our 2020 articles and planning ahead for 2021

Eversheds Sutherland (US) LLP on 2/10/2021

It was a tumultuous year for privacy and cybersecurity, and further uncertainty is all but guaranteed. The key to navigating this volatility, as 2020 proved, is to develop and maintain a proactive, agile and holistic data...more

Governor Cuomo Proposes Greater Data Privacy Protections and BankTech Assistance for New York Financial Institutions

Hinshaw & Culbertson - Privacy, Cyber & AI... on 1/29/2021

Happy Data Privacy Day! Today we report on New York Governor Andrew Cuomo's recent State of the State address, in which he announced the state's 2021 policy agenda. Included in the Governor's agenda are enhanced consumer...more

Data Privacy + Cybersecurity Insider - January 2021 #3

Robinson & Cole LLP on 1/22/2021

CYBERSECURITY - NYDFS - Cybersecurity Certificate of Compliance Due April 15, 2021 The New York Department of Financial Services (DFS), which regulates certain covered entities and licensed persons in the financial...more

Privacy Litigation Updates for the Financial Services Sector: Yodlee and Envestnet Sued for Data Disclosure and Processing...

Bradley Arant Boult Cummings LLP on 1/11/2021

Consumers are more aware than ever of data privacy and security issues. As technology develops, vast quantities of data are collected on individuals every minute of every day. Customers trust their institutions to keep the...more

Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter - October 2020

Troutman Pepper on 10/13/2020

Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients...more

California Consumer Privacy Act (CCPA) › Financial Services Industry

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