New and Disruptive Technologies: The Care and Feeding of the New Economy [Expect Focus – Vol. I, Winter 2016]

IN THE SPOTLIGHT -

The CFPB Takes First Enforcement Action Related to Data Security Practices.

LIFE INSURANCE -

Class Certified in Unique Fixed Indexed Annuity Case.

Alleged Misrepresentations to DFS Warrant SLUSA Preclusion.

Two Federal Courts Uphold Criminal Convictions for Insurance Brokers.

SECURITIES -

Junk Bond Fund Failure Challenges Industry.

SEC Waivers with Strings Attached: the Wave of the Future?

FAST Relief from Some Securities Law Requirements.

SEC Proposes New Limits on Funds’ Use of Derivatives.

Will SEC Heed its Own Compliance Outsourcing Advice?

Partnerships Must Respond to New Audit Rules.

SEC Probes Retirement Advice.

SEC Eyes Mutual Fund Transfer Agents.

PROPERTY & CASUALTY -

Tenth Circuit Reverses UM/UIM Coverage Notification Class Certification.

Sloppy Claims Handling Exposes Insurer to Bad Faith Claims.

CONSUMER FINANCE -

CFPB Director Offers Cold Comfort on TRID.

Borrowers Misuse RESPA Notice of Error Letter.

CFPB and DOJ Continue Enforcement Orders Against Indirect Auto Lenders Based on Discriminatory Loan Pricing Policies.

Supreme Court Rules Against Using Settlement Offers to Moot Class Actions.

Congress Considers Changes to FCRA to Expand Consumer Credit Files and Limit Use of Credit Reports for Employment Decisions.

Financial Institutions Spend More on Cybersecurity.

Legal Challenge to FCC’s TCPA Omnibus Ruling Ready for Court Decision.

HEALTH CARE -

2016 Stark Law Updates.

False Claims Act Liability Based on Implied Certification.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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