News & Analysis as of September 18, 2024

Cybersecurity › Data Privacy › Consumer Financial Products

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Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk... more +

Follow this channel for advisories on one of the biggest threats to businesses today. Read a morning brief of fresh guidance and commentary by leading lawyers on security, privacy, risk management, global regulations, data protection, leaks, hacking, cyber insurance, compliance, HIPAA, and every other aspect of cybersecurity of import to corporate readers right now. less -

The EU AI Act: What Businesses Need To Know

Skadden, Arps, Slate, Meagher & Flom LLP on 6/27/2024

The newly approved Artificial Intelligence Act (AI Act or the Act) aims to create a secure and trustworthy environment for the development and use of AI in the European Union....more

Colorado’s Landmark AI Act: What Companies Need To Know

Skadden, Arps, Slate, Meagher & Flom LLP on 6/24/2024

Colorado has become the first state to enact a comprehensive law relating to the development and deployment of certain artificial intelligence (AI) systems. The Colorado Artificial Intelligence Act (CAIA), which will go into...more

Payments Playbook Series: AI in Payments

Wilson Sonsini Goodrich & Rosati on 5/3/2024

In the highly competitive payments space, where safety and efficiency tools are table stakes, financial institutions are increasingly employing artificial intelligence (AI) solutions....more

RegFi Episode 27: The Evolving Data Security Environment for Financial Services Providers

Orrick, Herrington & Sutcliffe LLP on 4/11/2024

Data is the lifeblood of the financial system, making cybersecurity threats a critical economic and national security risk. During this episode, RegFi cohosts Jerry Buckley, Sherry Safchuk and Sasha Leonhardt explore the...more

More Privacy, Please – February 2024

Troutman Pepper on 3/7/2024

Editor’s Note: In recent regulatory and enforcement developments, the White House announced a new executive order aimed at strengthening cybersecurity at U.S. ports, and another executive order was issued to protect sensitive...more

More Privacy, Please – January 2024

Troutman Pepper on 2/13/2024

NIST Publishes Report on the Cybersecurity of Genomic Data. On December 20, 2023, the NIST National Cybersecurity Center of Excellence (NCCoE) published Final NIST IR 8432, Cybersecurity of Genomic Data. Informed by direction...more

Executive Order on artificial intelligence includes actions impacting consumer financial service providers

Ballard Spahr LLP on 11/2/2023

On October 29, the Biden Administration issued a broad Executive Order (Order) on artificial intelligence (AI). Titled “Executive Order on the Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence,”...more

Privacy, Data and Cybersecurity Quick Clicks | Issue 9

Katten Muchin Rosenman LLP on 9/25/2023

Katten's Privacy, Data and Cybersecurity Quick Clicks is a monthly newsletter highlighting the latest news and legal developments involving privacy, data and cybersecurity issues across the globe....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

CPPA Publishes New Draft Regulations Addressing AI, Risk Assessments, and Cyber Audits

Ballard Spahr LLP on 9/6/2023

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 Agency has not officially started the formal...more

House committees move forward on data privacy

Orrick, Herrington & Sutcliffe LLP on 3/9/2023

On March 1, the House Subcommittee on Innovation, Data, and Commerce, a subcommittee of the House Energy and Commerce Committee, held a hearing entitled “Promoting U.S. Innovation and Individual Liberty through a National...more

4th Circuit remands privacy suit to state court

Orrick, Herrington & Sutcliffe LLP on 3/9/2023

On February 21, the U.S. Court of Appeals for the Fourth Circuit held that a proposed class action over website login procedures belongs in state court. Plaintiff alleged that after a nonparty credit reporting agency...more

Illinois Supreme Court says BIPA claims accrue with every transmission

Orrick, Herrington & Sutcliffe LLP on 2/24/2023

On February 17, the Illinois Supreme Court issued a split decision holding that under the state’s Biometric Information Privacy Act (BIPA), claims accrue “with every scan or transmission of biometric identifiers or biometric...more

Bowman discusses bank and third-party cyber risk management expectations

Orrick, Herrington & Sutcliffe LLP on 2/17/2023

On February 15, Federal Reserve Board Governor Michelle W. Bowman delivered remarks at the Midwest Cyber Workshop, during which she discussed topics related to third-party service provider reliance and regulatory expectations...more

Colorado releases privacy act updates

Orrick, Herrington & Sutcliffe LLP on 2/17/2023

Last month, the Colorado attorney general released a third version of draft rules to implement and enforce the Colorado Privacy Act (CPA). A hearing on the proposed draft rules was held February 1. ...more

Privacy and Data Security Update - The Consumer Finance Podcast

Troutman Pepper on 10/13/2022

Please join Consumer Financial Services Partner Chris Willis and his colleagues Ron Raether and Kim Phan, partners in our Privacy + Cyber Practice Group, as they discuss recent privacy and data security updates in the...more

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on 9/16/2020

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

2019 Year in Review for Financial Services Class Actions

BCLP on 3/9/2020

Focus areas included FCRA, Fair Lending, ancillary fees and services (such as lender placed flood insurance), TCPA, privacy and data security and other topics. Consumer Financial Protection Bureau’s Director Kathleen...more

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