News & Analysis as of

Risk Management State Attorneys General

Cozen O'Connor

EPA Chemical Accident Safety Rule Challenge Ignites AG Conflict

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Sixteen Democratic AGs and the Harris County Attorney (Houston, Texas) have filed a motion to intervene in a lawsuit brought by industry groups challenging the EPA’s denial of their petition for reconsideration of the...more

Troutman Pepper Locke

New York AG James Proposes Expansion of State Consumer Protection Law

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New York Attorney General (AG) Letitia James recently announced her support for legislation that would significantly broaden the state’s consumer protection statute to prohibit not just deceptive acts, but also unfair and...more

Jenner & Block

Client Alert: Navigating Remaining Risks in the New Crypto and Digital Assets Environment

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A rising tide does not necessarily lift all boats when it comes to increasing compliance in the world of crypto asset investments. In fact, the existence of a bull market or a seemingly friendly regulatory environment can...more

Sheppard Mullin Richter & Hampton LLP

Virginia Moves to Regulate High-Risk AI with New Compliance Mandates 

On February 20, the Virginia General Assembly passed the High-Risk Artificial Intelligence Developer and Deployer Act. If signed into law, Virginia would become the second state, after Colorado, to enact comprehensive...more

WilmerHale

Comprehensive AI Bill Poised for Governor’s Signature in Virginia

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On February 20, the Virginia legislature passed the High-Risk Artificial Intelligence Developer and Deployer Act (HB 2094), a bill that aims to prevent algorithmic discrimination by imposing requirements on businesses that...more

Stark & Stark

The Top 3 Mistakes Health Club Operators Make in New Jersey

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It might be a surprise, but many health club operators in New Jersey are not in compliance with the law. This can include the gym not being properly registered with the State’s Division of Consumer Affairs or the gym itself...more

Venable LLP

State Attorney General Investigations: What Consumer Financial Services Companies Need to Know

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State attorneys general (AGs) have long played a significant role in consumer protection enforcement, often acting as frontline regulators alongside federal agencies. For consumer financial services companies, an AG...more

Venable LLP

Navigating the New Consumer Financial Services Landscape: Enforcement, Compliance, and Litigation Risks

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Financial services companies may feel relief from the aggressive federal oversight and regulation that defined the past decade. However, regulatory risk has not disappeared—it has shifted. ...more

Orrick, Herrington & Sutcliffe LLP

Managing Fraud Risk in Consumer Wires

As anticipated, 2025 is already shaping up to be a busy year in consumer financial services, with a federal district court expanding the application of a strict consumer protection law to wire transfers. The potential for a...more

Morrison & Foerster LLP

MoForecast: State AGs and the Future of Privacy Enforcement – What You Need to Know

Faced with emerging challenges in privacy and cybersecurity, state attorneys general (AGs) are at the forefront of enforcement. Companies face increasing expectations to implement robust cybersecurity programs, promptly...more

Venable LLP

Consumer Finance’s Deregulatory Shift - The Evolving Role of Compliance

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With federal regulatory pressure easing, consumer financial services companies are well positioned to pursue growth with fewer potential roadblocks. ...more

Faegre Drinker Biddle & Reath LLP

Virginia Legislature Passes High-Risk AI Regulation Bill

On February 20, 2025, the Virginia legislature passed the Virginia High-Risk Artificial Intelligence Developer and Deployer Act (HB 2094), which now awaits Governor Glenn Youngkin's signature. The bill represents Virginia's...more

Mintz - Privacy & Cybersecurity Viewpoints

Latest Installment of our Mintz Matrix!

Please visit here to visit our Mintz Matrix page with the latest edition of the Mintz Matrix, which is a 50-state resource we have maintained since 2009 to break down and summarize requirements of U.S. state data breach...more

Keller and Heckman LLP

January 2025 Bounty Hunter Plaintiff Claims

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Exploring Trends in California’s Proposition 65: Claims, Chemicals, Products, and More - California’s Proposition 65 (“Prop. 65”), the Safe Drinking Water and Toxic Enforcement Act of 1986, requires, among other things,...more

Hudson Cook, LLP

CFPB Bites of the Month - 2024 Annual Review - Fintech

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In this article, we share a timeline of our monthly "bites" for 2024 applicable to companies in FinTech. The Consumer Financial Protection Bureau was on a tear in the months leading up to the election and the inauguration of...more

Shook, Hardy & Bacon L.L.P.

Capital Forum Provides Roadmap of Likely State Law Enforcement Priorities in 2025 and Beyond

The National Association of Attorneys General (NAAG) is a nonpartisan national forum for America’s state and territory attorneys general to collaboratively address issues important to their work protecting the rule of law and...more

Cozen O'Connor

Republican AGs Warn Financial Institutions that DEI and ESG Policies May Risk Enforcement Action

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A group of 11 Republican AGs announced that they have sent letters to multiple financial institutions (collectively, “Financial Institutions”) warning that the companies’ diversity, equity, and inclusion (DEI) and...more

Tarter Krinsky & Drogin LLP

Businesses Have 30 Days to Report a Security Breach of New Yorker’s Private Information

New York State Governor Hochul recently gave us a “pre” New Year’s gift: effective on December 21, 2024, any individuals or businesses possessing the “private information” of New Yorkers must notify them, and certain state...more

Goodwin

Texas AG Reaches First-of-its-Kind Settlement With Healthcare AI Company Over Hallucination Rate Claims

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In a recent settlement, the Texas attorney general resolved allegations that Pieces Technologies, Inc. (Pieces), a healthcare generative AI company, misrepresented the hallucination rate of its generative AI product to...more

Holland & Knight LLP

The Election's Impact on the FTC Will Bring Big Changes, But Being Vigilant Must Remain a Priority

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In this episode of his "Clearly Conspicuous" podcast series, "The Election's Impact on the FTC Will Bring Big Changes, But Being Vigilant Must Remain a Priority," consumer protection attorney Anthony DiResta explores the...more

Cozen O'Connor

Understanding the Colorado AI Act

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With the governor’s signature, Colorado has enacted a new consumer protection law focused on artificial intelligence (“AI”) systems. The “Colorado AI Act” will go into effect on February 1, 2026. It will have a minor impact...more

Cozen O'Connor

Missouri AG Investigates Hack of National Public Data

Cozen O'Connor on

Missouri AG Andrew Bailey has opened an investigation into Jerico Pictures, Inc. d/b/a National Public Data, a background check data aggregator, over a data breach that has allegedly exposed personally identifiable...more

Sheppard Mullin Richter & Hampton LLP

New Hampshire AG Announces New Data Privacy Unit

The privacy space continues to evolve with the announcement of the new Data Privacy Unit within New Hampshire’s Consumer Protection and Antitrust Bureau. This new unit will enforce New Hampshire’s Data Privacy Act, which...more

Rivkin Radler LLP

Biotech Company Pays $4.5 Million for Data Breach

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The Office of the New York State Attorney General announced on August 13 that Letitia James, along with the Attorneys General of Connecticut and New Jersey, fined Enzo Biochem, Inc. $4.5 million for failing to adequately...more

Troutman Pepper Locke

Troutman Pepper Weekly Consumer Financial Services Newsletter - August 2024 # 3

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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

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