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Consumer Protection Business Organization

Read Consumer Protection updates, news, and legal commentary from leading lawyers and law firms:

Financial Services Weekly News - February 2018 #2

by Goodwin on

Editor's Note - In This Issue. The Consumer Financial Protection Bureau (CFPB) released its five-year Strategic Plan and issued a request for information on its enforcement processes; the New York State Department of...more

Upcoming SEC Open Meeting

On February 14, 2018, the Securities and Exchange Commission announced that it will hold an open meeting on February 21st at 10 a.m. to consider various matters, including whether to approve the issuance of an interpretive...more

The Federal Reserve Imposes Limits on a National Bank’s Growth

by Weiner Brodsky Kider PC on

On February 2, 2018, the Federal Reserve (the “Fed”) announced a consent order with one of the country’s largest banks, that orders the bank to halt growth until it improves its corporate governance and risk management....more

Business Litigation Report - January 2018

January 2018: Federal Circuit Issues Important Decision On Written Description And Enablement In Amgen Inc. v. Sanof - In Amgen Inc. v. Sanofi, 872 F.3d 1367 (Fed. Cir. 2017), the Federal Circuit acknowledged the relevance...more

Upcoming Investor Advisory Committee Meeting

The Securities and Exchange Committee announced the agenda for the March 8, 2018 meeting of its Investor Advisory Committee, which will include, among other things, a discussion of dual class share structures and...more

Small Business, Big Risk: Cybersecurity Threats Facing Small and Medium-Sized Businesses

by Morgan Lewis on

When it comes to cybersecurity and data breaches, smaller businesses do not necessarily make less likely targets. According to a recent report on the state of cybersecurity in small and medium-sized businesses by the Ponemon...more

Amended California Law Expands Requirements for Consumer Subscriptions

by Morrison & Foerster LLP on

Subscription and other automatic renewal offers are heavily regulated at both the federal and state levels. A recent amendment to California’s law provides a good opportunity for businesses to review their practices. As of...more

Financial Services Weekly News - January 2018 #4

by Goodwin on

Editor's Note - Breaking News. This morning, the U.S. Court of Appeals for the D.C. Circuit, sitting en banc, issued its long-awaited decision in PHH Corp. v. CFPB, holding that the provision of the Dodd-Frank Act...more

Amendments to China’s Anti-Unfair Competition Law: Strengthening the Rule of Law in an Increasingly Complex Marketplace

by Morgan Lewis on

Background - On September 2, 1993, the Third Session of the Standing Committee of the Eighth National People’s Congress (NPC) passed the Anti-Unfair Competition Law (AUCL). On November 4, 2017, the Thirtieth Session of the...more

Hart-Scott-Rodino Annual Report for Fiscal Year 2016: Increases in Filings and Second Requests, Impact on Executive Stock...

by Perkins Coie on

The Hart-Scott-Rodino Annual Report Fiscal Year 2016 , published last year by the Federal Trade Commission (FTC) and the U.S. Department of Justice (DOJ), summarizes FTC and DOJ actions conducted under the Hart-Scott-Rodino...more

GDPR Requirements Force a Privacy Reboot Everywhere, Especially in Legal

by NAVEX Global on

There’s this thing called the General Data Protection Regulation or GDPR. Perhaps you’ve heard of it? Few regulatory changes have inspired more anxiety or frenzied activity than the EU’s new privacy rules. Scheduled to go...more

Financial Services Weekly News - January 2018 #3

by Goodwin on

Editor's Note - “Humility and Prudence” at the CFPB. In a memo to employees of the Consumer Financial Protection Bureau (CFPB) later turned into a Wall Street Journal op-ed, Acting CFPB Director Mick Mulvaney articulated his...more

Settlement Offers Guidance on What “Reasonable” Security Means Under COPPA

The FTC’s COPPA Guidance does an admirable job explaining the basics of what a business needs to do to comply with COPPA, but is vague as to how a business must protect personal information collected from children. The COPPA...more

Regulatory Changes Ahead: The 2018 Landscape for Technology Businesses in Europe

by Morrison & Foerster LLP on

Summary - The European Union has published its 2018 Work Programme which sets out a challenging agenda of legislative and regulatory change for the technology, media and telecoms (TMT) sectors, to be delivered in...more

D.C. Circuit Upholds OSHA Silica Rule

by King & Spalding on

The U.S. Occupational Safety and Health Administration (OSHA) recently promulgated a new rule for respirable crystalline silica, with compliance obligations for the general industry beginning on June 23, 2018. Some industries...more

Makeup Shake Up: Potential New Federal Cosmetics Regulations

“Make fine lines and wrinkles disappear!” “Reduce the visibility of fine lines and wrinkles!” At first read, these claims sound one in the same. But for decades, a slight difference in phrasing of cosmetics claims—created...more

SEC Enforcement Division Announces its 2018 Priorities and 2017 Results

The Securities and Exchange Commission’s Division of Enforcement (the “Division”) has published its annual report for fiscal year 2017 (the “Report”). The Report discusses the Division’s key initiatives and results in 2017...more

The Data Report Episode 26: The Internet of Things for Business

by Bilzin Sumberg on

Module Seven: The Internet of Things (Part III) In this episode of The Data Report, Litigation attorney Jay Ward discusses what the Internet of Things means for businesses. He speaks about how companies can incorporate and...more

Wrapping Your Privacy Practices Up with a Bow

by Ward and Smith, P.A. on

For many companies, the "hap-happiest season of all" coincides with the busiest season of all. Business owners and employees are racing to fill customer orders in time for the holidays, which also means an avalanche of new...more

DHS Amplifies Call for Public-Private Partnership in Cyberdefense and Pledges to “Intervene Directly”

The worldwide WannaCry attack from May 2017 has been officially blamed on North Korea. In a press briefing publicly announcing the Administration’s declaration of North Korean culpability, the Department of Homeland Security...more

The Data Report Episode 25: Cybersecurity & Networked Devices

by Bilzin Sumberg on

Module Seven: The Internet of Things (Part II) In part two of the "Internet of Things," Litigation attorney Jay Ward explores how a single compromised device can threaten a system of devices interconnected via the internet....more

Mine, Yours, and Ours: Gating Issues in the Use and Commercialization of Data

by Morgan Lewis on

Many companies are actively exploring how to better use, commercialize, and productize (make into a standalone product) the data that they collect or is collected on their behalf. A gating issue for these companies is...more

Is Your Company Ready For Artificial Intelligence?

by Morrison & Foerster LLP on

“The rise of powerful AI will be either the best or the worst thing ever to happen to humanity. We do not know which.” –Stephen Hawking Artificial Intelligence (AI) and autonomous technology will shape the future, affect...more

Banks Find Success Suing Over Data Breaches

Banks continue to file suit against retailers, hoping to shift the costs of data breaches, with some recent success. What happened - In January 2016, hackers accessed Eddie Bauer’s point-of-sale register system and...more

Investing Intelligently in an E-Commerce Company: Challenges & Potential Innovations

by Dentons on

By 2027, Singapore’s e-commerce market is predicted to grow five-fold – to at least US $5.4 billion (S$7.5 billion), according to a study by Google and Temasek Holdings. E-commerce markets in other parts of Asia are also...more

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