Like most industries today, Consumer Financial 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 through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can
The Federal Trade Commission (“FTC”) held its public workshop on the proposed changes to the Safeguards Rule under the Gramm-Leach-Bliley Act of 1999 (“GLBA”). The FTC has not updated the Safeguards Rule since implementing it in 2003. With substantial developments in the way businesses increasingly depend and operate using non-public personal information through electronic means
Troutman Pepper attorney Ron Raether will present during the virtual panel, “The Legal View of Response Plans, Tabletop Exercises and Preparing for the Unexpected,” at the ISMG Virtual Cybersecurity Summit. Ron will discuss the legal trends and potential traps as it relates to breach response and tabletop exercises in light of COVID-19 and
The CDIA Virtual Law & Industry Conference will be held as half day conferences on September 22, 23, & 24, 2020 and will feature 3 sessions and various networking opportunities each day. Please check back as the agenda will be updated as more information becomes available. David Anthony is speaking and Troutman Pepper is also
Troutman Pepper attorneys David Anthony, Timothy St. George, and Cindy Hanson will be presenting during the PBSA Annual Conference on September 14, 2020 from 12:15 – 12:45pm. The webinar is titled, “Five Key Lessons for Defending FCRA Class Action Lawsuits.”
Companies in the background screening industry face legal risks under the Fair Credit
In Tillman v. Navient Sols., LLC, No. 18-CV-04625 (N.D. Ill. June 15, 2020), the Northern District of Illinois dismissed a claim under the Fair Credit Reporting Act (FCRA) based upon student loans that had been reported as being in default but that the plaintiff asserted had been discharged.
The plaintiff, Tillman, took out a
Effective June 29, 2020, Colorado has enacted a new law implementing a temporary moratorium on “extraordinary” debt collection activities and exempting certain property from levy and sale under a writ of attachment or execution. The bill was signed into law by Governor Jared Polis as part of a package of bills passed to help Colorado
The CFPB recently published a blog post about the agency’s on-going efforts to monitor industry updates and innovation and how these changes align with regulatory obligations under the CFPB’s consumer protection laws. This post specifically highlighted using artificial intelligence (AI) and/or machine learning (ML) related to the adverse action notices that are required under the
Enforcement of the California Consumer Privacy Act (CCPA) began July 1, 2020. Our privacy team at Troutman Pepper includes several attorneys who worked in an attorney general’s office. This privacy regulatory team has identified six areas of enforcement likely to catch the California Office of the Attorney General’s (OAG) attention, which arguably holds sole regulatory
Like most industries today, Consumer Financial 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 through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can