Monitoring the financial services industry to help companies navigate through regulatory compliance, enforcement, and litigation issues
On October 12, the Sixth Circuit denied Nationwide Mutual Insurance Company’s petition for rehearing en banc on the Court’s decision to revive a putative class action stemming from a 2012 data breach.
According to the plaintiffs’ class action complaint, hackers who breached Nationwide’s computer network on October 3, 2012, stole the personal information of the …
On October 12, the named plaintiff in a Fair Credit Reporting Act class action asked the Northern District of Illinois to certify her putative class against Costco Wholesale Corporation.
According to the Complaint, the plaintiff used her credit card to make a purchase at one of Costco’s stores in January 2016. By the time she …
On October 12, a Pennsylvania federal court granted final approval of a $5.2 million Telephone Consumer Protection Act class action against Power Home Remodeling Group LLC.
Power Home is a home remodeling company that, according to the class action complaint, uses aggressive telemarketing and door-to-door solicitations to recruit new customers. Plaintiff alleged that Power Home …
On December 14, the FTC, along with a coalition of 13 states and the District of Columbia, entered into a settlement agreement with Ashley Madison over allegations that the online dating site deceived consumers and failed to protect 36 million users’ account and profile information in relation to a massive July 2015 data breach. …
On October 11, 2016, the District Court for the Northern District of California granted summary judgment to Safeway, Inc. in a Telephone Consumer Protection Act (TCPA) putative class action arising from the receipt of prerecorded telephone messages promoting Safeway’s flu shots.
Plaintiff first received a seasonal flu shot from Safeway in 2014. In connection with…
On September 29, the United States District Court for the Northern District of Illinois preliminarily approved a $76 million Telephone Consumer Protection Act class action against several cruise marketing companies in Birchmeier v. Caribbean Cruise Line, Inc.
According to the class action complaint that was filed more than four years ago, a telemarketing company, ESG …
On September 28, the United States District Court for the Central District of California preliminarily approved a $10.5 million Telephone Consumer Protection Act class action settlement against Dun & Bradstreet Credibility Corporation (“DBCC”). According to the class action complaint that was originally filed in April 2015, DBCC, a seller of credit-building and credibility solutions for…
We are pleased to announce that Troutman Sanders partners Ron Raether and David Anthony will be featured speakers at the American Bar Association’s Seventh Annual National Institute on Consumer Financial Services Basics on October 17-19 at the Waterview Conference Center in Arlington, Virginia.
Ron will participate in a panel discussion entitled “Financial Privacy and Data…
We are pleased to announce that Troutman Sanders partner Ron Raether will be a featured speaker at the American Conference Institute’s 20th Advanced Global Legal and Compliance Forum on Privacy & Security of Consumer and Employee Information, taking place October 13-14 in San Francisco.
Ron will participate on a panel entitled “Big Data in…
On September 13, the New York Department of Financial Services issued proposed regulations that would require banks, insurance companies, and other financial services institutions to establish and maintain a cybersecurity program and to take other measures to protect against data breaches and cyber attacks.
Among the planned requirements, regulated financial institutions will be required to …
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