Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues
On November 10, the Federal Trade Commission filed a complaint in the Northern District of Georgia against NetSpend Corporation, alleging that the company repeatedly deceived consumers about their ability to access funds deposited on the company’s debit cards.
NetSpend markets, sells, and services prepaid debit cards, including general purpose reloadable cards. According …
On November 9, the United States District Court for the Northern District of Illinois granted final approval of a $49.9 million Telephone Consumer Protection Act class action settlement against US Coachways, Inc.
The original Complaint was filed against US Coachways on July 29, 2014, alleging that the motor coach leasing company sent out thousands of …
A class of consumers in multidistrict litigation (MDL) recently filed their Motion for Final Approval of a Telephone Consumer Protection Act class action settlement against a debt collection company, Convergent Outsourcing Inc. (“Convergent”).
Between October 2012 and June 2013, the named plaintiffs initiated separate putative class actions throughout the country alleging that Convergent violated the…
On November 7, the United States District Court for the Southern District of California granted final approval of the class settlement in Stemple v. QC Holdings, Inc., No. 3:12-cv-01997 (S.D. Cal.). The plaintiff in the case alleged that QC Holdings, a check-cashing and short-term loan company, negligently and willfully violated the Telephone Consumer …
The CFPB has announced plans to produce a list of companies offering existing customers free access to their credit score. According to the CFPB, “educating and empowering consumers to take more control over their financial lives” constitutes a core part of the Bureau’s mission. Credit scores are vitally important to the Bureau in this regard …
In likely the final chapter of a case covered previously by this blog, the New York Attorney General recently announced settlements with daily fantasy sport companies Draft Kings, Inc. and FanDuel, Inc. The companies will each pay $6 million in penalties and fees to the state of New York, in order to settle alleged false …
In a motion filed in a putative class action pending in California, Facebook, Inc. seeks to dismiss claims under the Telephone Consumer Protection Act, arguing, among other things, that the TCPA as applied to Facebook’s “status update” text messages is unconstitutional. The plaintiff in Holt v. Facebook, Inc., No. 3:16-cv-02266-JST (N.D. Cal.),…
On October 26, 2016 HIMSS, the leading organization in the US for health information technology and data management, issued a Call to Action for the healthcare industry to work together with cybersecurity experts from different sectors to enhance the preparedness of the healthcare industry to the imminent threat of cyber-attacks. The Call to Action reinforces…
Last week, a district court in the Northern District of California denied TransUnion LLC’s motion to decertify a Fair Credit Reporting Act class action that was certified prior to the Supreme Court’s 2016 Spokeo ruling. The class action case accused TransUnion of including inaccurate information on its consumer reports as well as failing to comply …
Data Privacy Professionals:
Navigating the rapidly shifting contours of data privacy law demands a pragmatic approach. To that end, we hope you benefited from our inaugural publication. Like our prior editions, this quarterly update provides practitioners with functional issue-spotting guidance for application in the evolving data privacy and cybersecurity arenas. The results and analyses discussed…
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