The Federal Trade Commission today announced that LifeLock has agreed to pay $100 million to settle charges that it had violated the terms of a 2010 order by the U.S. District Court for the District of Arizona, requiring LifeLock to secure customer data and change its advertising practices.
The FTC alleged, among other
On December 16, the Consumer Financial Protection Bureau sent warning letters to 17 colleges directing them to improve disclosure of school-sponsored credit card agreements, based on deficiencies identified in a recent agency investigation. According to the CFPB, more than 10 million college students attend a school that has made a deal with a financial institution
As a result of a November 14 cyber attack on VTech’s Learning Lodge app store, approximately 6.4 million child profiles were exposed in addition to approximately 4.9 million parent accounts. VTech is a retail toy maker that manufactures and sells traditional toys and “smart toys,” such as electronic learning tools with computer capabilities
We have previously reported on ACA International’s appeal from the Federal Communications Commission’s July 2015 Order interpreting the Telephone Consumer Protection Act of 1991 (“TCPA”) in the United States Court of Appeals for the District of Columbia Circuit, including the joint brief recently filed by petitioners on November 25.
In addition to that joint brief,
On December 11, the U.S. Supreme Court agreed to hear a case involving Ohio’s “special counsel” law under the Fair Debt Collection Practices Act (“FDCPA”), 15 U.S.C. § 1692-1692p, a case that is likely to have much wider implications involving the standard for determining whether a debt-collection method is “false, deceptive, or misleading.”
According
The Consumer Financial Protection Bureau is not showing any signs of slowing down its recent string of enforcement actions. On December 7, the CFPB filed a complaint against and proposed a consent order with a debt collection company that will require the company to pay at least $2.5 million to settle claims that it
On February 9-11, 2016, DBA International will host its annual conference – Moving Forward Together – at the Aria Resort & Casino in Las Vegas.
We are pleased to announce that two of our Consumer Financial Services lawyers will serve as faculty at this year’s event.
David Anthony will present “The Devil is in the
Last week, Missouri’s attorney general proposed reforms to address collection practices that he believes target low-income and minority residents.
Attorney General Chris Koster said he sent a letter to the Missouri Supreme Court’s Commission on Racial and Ethnic Fairness requesting changes in court rules that he said would help prevent unscrupulous collection practices.
“These proposed
On November 20, the Consumer Financial Protection Bureau released its eighth semi-annual report.
The principal focus of the report was an articulation of the data collected by the CFPB through consumer complaints, including those from the debt collection industry. According to the report, 30 million consumers currently have accounts in collection, with an average
January 28-29, Park Hyatt Washington, Washington, DC
We are pleased to announce that Troutman Sanders Partners Ronald Raether and Ashley Taylor, Jr. will be featured speakers at this upcoming industry-leading conference.
Mr. Raether will be a speaker on a panel titled “Cyber Security Preparedness: Data Breach Incident Response Teams and Refurbishing Your Governance Programs.” The