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The UDAAP Trap: Avoiding CFPB Penalties for Financial Institutions Using Third Party Services

In response to the financial crisis and recession in the United States that began in 2007, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (now commonly known as "Dodd-Frank"). Dodd-Frank...more

2/13/2014 - CFPB Compliance Dodd-Frank Employer Liability Issues Third-Party Liability UDAAP

Avoiding and Mitigating Inflation Risk

As outsourcing service delivery models become increasingly global, customers frequently face challenges in accounting for inflation and foreign exchange risks in their financial business cases and in negotiating contract...more

7/19/2013 - Foreign Exchanges Inflation Adjustments Outsourcing Risk Management Risk Mitigation

Privacy Resolutions for Mobile App Providers in the New Year

The end of 2012 saw a flurry of activity in the area of privacy enforcement. In July, Kamala Harris, the Attorney General of California, announced the formation of California's own state agency to investigate and enforce the...more

1/5/2013 - Attorney Generals COPPA FTC Google Kamala Harris Mobile Apps Notice Requirements Online Privacy Protection Act Parental Consent Personally Identifiable Information Privacy Policy Third-Party

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