Finance & Banking, Labor & Employment Law, Privacy

Protecting Privacy or Enabling Fraud? Employee Social Media Password Protection Laws May Clash with FINRA Rules

by Jessica Goldenberg | Proskauer - Privacy & Data Security on 5/9/2013

As a growing number of states pass legislation which will protect individuals’ social media accounts from employer scrutiny, they have encountered a surprising adversary – FINRA and other securities regulators....more

Proposed New York City Bill Would Ban Credit Checks from Hiring Process

by Jonathan Sokolowsii | Sheppard Mullin Richter & Hampton LLP on 4/29/2013

On April 11, 2013, the New York City Council’s Committee on Civil Rights debated a proposed bill that would ban employers from using credit checks to evaluate prospective employees. The proposed bill, called the Stop Credit...more

Plan’s Funded Status Required to be Disclosed under Freedom of Information Request

by Stephanie Kauffman | Osler, Hoskin & Harcourt LLP on 4/5/2013

Pension plan sponsors may be surprised to learn that information provided to pension regulators pursuant to statutory filing obligations could be more widely disclosed through an “access to information” request. In a recent...more

Is Equifax Selling Your Salary Information?

by Jeff Ifrah on 3/11/2013

According to a recent NBC News report, Equifax, one of the three largest American credit reporting agencies, has assembled an enormous database containing employment and salary information for more than 190 million U.S....more

New FCRA Form Required for Background Searches in 2013

by Matthew T. Miller | Bradley Arant Boult Cummings LLP on 12/29/2012

There is a new form in town for employers who obtain background reports on applicants and employees. Employers who use third parties to conduct background reports are familiar with the requirements of the Fair Credit...more

Mortgage Banking Update - December 14, 2012

by Paul Apicella, Stefanie Jackman, Alan S. Kaplinsky, Barbara S. Mishkin, Brian D. Pedrow, Christopher J. Willis | Ballard Spahr LLP on 12/14/2012

In This Issue: - CFPB Monitor Named to the ABA Journal Annual Blawg 100 List - Temporary CONGRESS PASSES LEGISLATION TO FIX CFPB PRIVILEGE WAIVER PROBLEM - CFPB DESCRIBES PLANS FOR COORDINATING WITH STATE...more

Hack Attack: US Financial Institutions in the Cross-Hairs

by Mintz Levin - Privacy & Security on 9/28/2012

Last week the FBI released a fraud alert warning financial institutions that cyber criminals have been using tactics such as spam and phishing emails to obtain employee log-in credentials. After obtaining the credentials the...more

French Employment News – What You Missed During the Summer

by K&L Gates LLP on 9/7/2012

New Legislation - Compensation & Benefits – Modification of the tax regime for severance amounts paid as of September 1, 2012 Article 30 of the public finance act (modifying the 2012 budget) substantially reduced...more

Vermont Becomes the Eighth State to Restrict the Use of Credit Reports for Employment Purposes

by Littler on 6/19/2012

On May 17, 2012, Vermont Governor Peter Shumlin signed Vermont Act No. 154 (S. 95), which prohibits employers, subject to certain exceptions, from using or inquiring into an applicant or employee's credit report or "credit...more

FTC Settles FCRA Charges Against Data Broker

by BuckleySandler LLP on 6/19/2012

On June 12, the FTC announced that a data broker agreed to settle charges that it marketed and sold consumer profiles to companies engaged in human resources, background screening, and recruiting without taking steps to...more

Socially Aware: The Social Media Law Update -- Vol. 3, Issue 3 -- June 2012

by Morrison & Foerster LLP on 6/6/2012

In This Issue: Lawmakers Rush to Ban Employers From Demanding Facebook Passwords; California Provides Social Media Guidance for Financial Institutions; What’s Not to "Like"? Facebook Usage and the First Amendment; New...more

The FTC Staff Report on “40 Years of Experience with the Fair Credit Reporting Act” Illuminates Areas of Potential Class Action...

by Littler on 12/14/2011

Table of Contents: I. INTRODUCTION 1; II. BACKGROUND FOR THE FTC STAFF REPORT 2; III. SUMMARY OF FCRA OBLIGATIONS ON EMPLOYERS THAT USE CONSUMER REPORTS FOR EMPLOYMENT PURPOSES 2; IV. SUMMARY OF FCRA REMEDIES 4; V. THE...more

New Limits On Employer Rights To Obtain Credit Reports

by Wendel, Rosen, Black & Dean LLP on 11/29/2011

On October 9, 2011, California Governor Brown signed several employment related bills into law that affect California employers. One of these bills, Assembly Bill 22, prevents most employers from obtaining preemployment...more

California Restricts Use of Consumer Credit Reports for Employment Purposes

by Morrison & Foerster LLP on 10/17/2011

On October 9, 2011, California Governor Jerry Brown signed a bill that dramatically limits the circumstances under which an employer may use consumer credit information in connection with hiring and employment decisions in...more

Credit Checks In California Now Tougher Than Ever

by Fisher & Phillips LLP on 10/13/2011

Effective January 1, 2012, California employers will have to avoid yet another potential legal hazard that haunts businesses with the threat of costly penalties: the unauthorized use of consumer credit reports regarding job...more

Employment Law Advisory for September 14, 2011: Checking An Applicant’s Credit History - Part 2: Assembly Bill 22

by Hopkins & Carley on 9/14/2011

Last week we discussed the federal and state rules that apply to obtaining and using credit checks in the process of screening applicants for employment. On Thursday last week, the California Legislature approved Assembly...more

Employment Law Advisory for 9/7/2011 - Checking Applicants’ Criminal And Credit Histories? Make Sure You Follow The Rules

by Hopkins & Carley on 9/8/2011

The ease of obtaining information in the current electronic age has made it very simple for employers to routinely check whether an applicant has any criminal record and also to check the applicant’s credit history. While...more

Massachusetts Attorney General says you must practice what you preach

by International Lawyers Network on 9/6/2011

Having a WISP is not enough to comply with data security standards In the first public settlement of its kind related to violations of the new Massachusetts Standards for the Protection of Personal Information of...more

FSA Approves Taping Relevant Communications Conducted on Mobile Phones

by McDermott Will & Emery on 11/16/2010

The FSA recently set new rules obligating authorised firms to record the ‘relevant communications’ of their employees conducted on mobile and other handheld devices. On 11 November 2010, the UK Financial Services Authority...more

New Amendments to California Investigative Consumer Reporting Law Require Notice of Personal Data that Is Stored “Offshore”

by Morrison & Foerster LLP on 11/3/2010

During the final days of the 2009 – 2010 legislative session, California Governor Arnold Schwarzenegger signed Senate Bill 9091 (“SB 909”) into law.2 SB 909 will require additional disclosures by investigative consumer...more

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Finance & Banking › Labor & Employment Law › Privacy