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New York Supreme Court Rules that Merchant Lacks Standing to Sue MasterCard over Data Security Breach Assessments; All Merchants...

by Ropes & Gray LLP on

On May 5, the Commercial Division of the New York Supreme Court for Westchester County dismissed the complaint in Jetro Holdings, LLC v. MasterCard International, Inc., in which Jetro, a leading food service wholesaler, had...more

Valuable Information Security Lessons from the Olympus Mortgage vs. Guaranteed Rate Case

by Baker Donelson on

Late last month a jury awarded Mount Olympus Mortgage Company (MOMC) more than $25 million for their claims against Guaranteed Rate (Guaranteed), which alleged Guaranteed along with other former employees of MOMC illegally...more

CFPB’s First Data Security Action; Fines Online Platform Dwolla for Alleged Weak Security Practices

by Kelley Drye & Warren LLP on

On March 2, the CFPB settled its first data security enforcement action against Iowa-based Dwolla Inc. Launched as a startup in 2009, Dwolla is an online payment platform that enables customers to transfer money directly...more

Record penalty against payday lender

by DLA Piper on

As previously reported, on 26 August 2014, the Federal Court determined that The Cash Store Pty Ltd (in liquidation), a payday lender, and Assistive Finance Australia Pty Ltd, a loan funder, committed seven separate breaches...more

Issuer Banks’ Claims in Target Data Breach Litigation Survive Motion to Dismiss

Federal District Judge Paul Magnuson has ruled that banks that issued credit and debit cards to customers whose data was stolen in the December 2013 Target data breach could continue to litigate claims against Target for...more

Freeman, et al. v. Quicken Loans, Inc.: Supreme Court Declines To Expand Consumer Protections Beyond Congress’ Exact Words

by Richik Sarkar on

Freeman, et al. v. Quicken Loans, Inc.: Supreme Court Declines To Expand Consumer Protections Beyond Congress’ Exact Words. The Freeman decision demonstrates that administrative agencies cannot expand federal consumer...more

Debt Collection To Be Regulated by CFBP

by Francis riley on

The Consumer Financial Protection Bureau (CFPB), Regulate consumer debt "collection agencies"...more

What can I do if a debt collector is reporting a debt to credit bureaus that I dispute?

by George Bourguignon on

Have you started getting collection calls or collection letters for a debt that you do now owe? Were you the victim of identity theft? Have you discovered items on your credit report that aren't yours? Are you having...more

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