In June 2018, Wired reported that Exactis, a marketing and data-aggregation firm, leaked an estimated 340 million records in what is shaping up to be one of the largest data breaches in the United States to date.
The leak was discovered by Vinny Troia, security researcher and founder of Night Lion Security. Troia discovered
On May 14, the Supreme Court struck down the Professional and Amateur Sports Protection Act (“PAPSA”), a federal law that prohibited most states from allowing sports-related gambling. The ruling now clears the way for any state to legalize gambling on sports.
PAPSA made it “unlawful” for a state to “authorize” any gambling operation based on
On February 27, the Federal Trade Commission filed an Agreement Containing Consent Order (“Agreement”) with respect to an administrative Complaint that the FTC had filed against PayPal, Inc. The Agreement requires PayPal to correct the issues that the FTC alleged in the Complaint as violations of the Gramm-Leach-Bliley Act, the Privacy Rule and Regulation P,
In May 2017, the Federal Trade Commission, along with federal, state, and international law enforcement partners, announced “Operation Tech Trap,” a nationwide and international crackdown on tech support scams that trick consumers into believing their computers have a virus and then charge those consumers money for unnecessary repairs.
As part of Operation Tech Trap, the
On December 12, a federal judge dismissed a challenge to the Office of the Comptroller of the Currency’s proposal to issue special purpose national bank charters to financial technology firms, finding that the plaintiff – the New York State Department of Financial Services – lacks standing and that the claims asserted are not ripe because
On November 8, the Federal Trade Commission announced that it had approved a final order settling claims arising out of a data breach at Georgia-based tax preparation firm TaxSlayer, LLC.
In late 2015, hackers hit TaxSlayer with a “list validation” or “credential stuffing” attack. With that type of attack, hackers attempt to use login credentials
On September 20, the Consumer Financial Protection Bureau issued proposed policy guidance that would modify a mortgage disclosure law in an effort to protect applicants’ and borrowers’ privacy.
In 2015, the CFPB finalized changes to the Home Mortgage Disclosure Act (“HMDA”), which requires lenders to report and disclose to the public certain information about their