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Troutman Pepper

Troutman Pepper Weekly Consumer Financial Services Newsletter - April 2024 # 5

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To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Jones Day

Here We Go Again: U.S. Congress Reintroduces New Comprehensive Federal Privacy Law

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With the bipartisan, bicameral proposed American Privacy Rights Act of 2024, the U.S. Congress seeks to adopt the first national personal data privacy and security law that would preempt comprehensive state privacy laws....more

Troutman Pepper

FTC Releases 2023 Privacy and Data Security Update

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On March 28, the Federal Trade Commission (FTC) released a Privacy and Data Security Update, highlighting the FTC’s activities in recent years through December 2023. The FTC underscored its work on issues related to...more

Ballard Spahr LLP

FTC Warns That “Quietly Changing” Privacy Policies May Be an Unfair or Deceptive Practice

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The FTC published guidance warning companies that “[i]t may be unfair or deceptive for a company to adopt more permissive data practices—for example, to start sharing consumers’ data with third parties or using that data for...more

Quarles & Brady LLP

Privacy Priorities for 2024 (and Beyond)

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The upcoming year will continue to hold challenges for data privacy programs. The Quarles Privacy Week 2024 programming from this week has provided an overview of the upcoming issues and challenges that are on the horizon....more

Mintz - Antitrust Viewpoints

FTC Warns AI Companies to Honor Privacy and Confidentiality Commitments — AI: The Washington Report

Welcome to this week’s issue of AI: The Washington Report, a joint undertaking of Mintz and its government affairs affiliate, ML Strategies. On January 9, 2024, the Federal Trade Commission (FTC or Commission) published...more

Mintz - Antitrust Viewpoints

Continue to Watch Out for the FTC — AI: The Washington Report

The accelerating advances in artificial intelligence (“AI”) and the practical, legal, and policy issues AI creates have exponentially increased the federal government’s interest in AI and its implications. In these weekly...more

Kelley Drye & Warren LLP

FTC Warns That Deceptive AI Content Ownership Claims Violate the FTC Act

The buzz around generative AI has raised many IP-related questions, such as the legality of using IP to train AI algorithms or ownership of AI-generated content. But the FTC warns that claims about content ownership don’t...more

Proskauer Rose LLP

Government Enforcement

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The last webinar in our series concerned AI and government enforcement. Companies are currently gauging how government will focus enforcement efforts in this new, emerging area by looking to a few guideposts. The first is...more

Sheppard Mullin Richter & Hampton LLP

You Don’t Need a Machine to Predict What the FTC Might Do About Unsupported AI Claims

The rapid rise of AI used with advertising, marketing and other consumer facing applications has caused the FTC to continue to take notice and issues guidance. For example, the FTC is concerned about false or unsubstantiated...more

Venable LLP

White House AI Bill of Rights Highlights CFPB, FTC, and Federal Housing Regulatory and Enforcement Actions

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​​​​​​​The Biden administration's new Blueprint for an AI Bill of Rights to enhance protections for Americans elevates recent federal regulatory and enforcement actions related to consumer protection, financial services, and...more

Fox Rothschild LLP

FTC Launches Detailed Notice of Proposed Rulemaking on Commercial surveillance, Data Security

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The FTC launched a detailed notice of proposed rulemaking on August 11, 2022 regarding commercial surveillance and data security. The commission also released a fact sheet on commercial surveillance....more

Wiley Rein LLP

Top Developments to Watch at the FTC on Privacy

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The Federal Trade Commission (FTC or Commission) now has a full slate of Commissioners with the confirmation and swearing-in of Commissioner Alvaro Bedoya, who brings an extensive background in privacy issues....more

Adler Pollock & Sheehan P.C.

It May be Time to Review Employment Policies: Regulations on the Horizon for Use of Automated Employment Decision Tools

Employers’ use of artificial intelligence in assessing job applicants and employees has increased rapidly throughout the last decade.  These tools are used in a variety of contexts, such as making hiring decisions,...more

Wiley Rein LLP

Wiley Consumer Protection Download (May 31, 2022)

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Regulatory Announcements- CFPB Releases Guidance on ECOA Requirements for Algorithmic Credit-Related Decisions. On May 26, the CFPB published a Consumer Financial Protection Circular addressing creditors’ requirements...more

Epstein Becker & Green

FTC Enforcement Highlights the Importance of Preserving Privacy in AI Development: How to Avoid AI Model Destruction

The success of an artificial intelligence (AI) algorithm depends in large part upon trust, yet many AI technologies function as opaque ‘black boxes.’ Indeed, some are intentionally designed that way. This charts a mistaken...more

Sheppard Mullin Richter & Hampton LLP

FTC 2022 Regulatory Priorities to Include Privacy and Security

As we look to 2022, a question on many companies’ minds is what actions we will see from the FTC. Two recent developments are important on that front. First, the FTC recently signaled its intent to initiate rulemaking on...more

Jackson Walker

Proposed Bill Seeks to Limit the Audacity of Opacity on the Internet

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Online platforms may soon face restrictions on how they use personal data to customize content and information feeds to users. Recently proposed bipartisan legislation in the U.S. House of Representatives aims to...more

Orrick, Herrington & Sutcliffe LLP

U.S. Artificial Intelligence Regulation Takes Shape

Artificial Intelligence (AI) has the potential to create breakthrough advances in a wide range of industries, while raising legal and ethical questions that will likely define the next era of technological advancement. ...more

Cozen O'Connor

FTC Unveils New Compulsory Processes In Eight Key Enforcement Areas

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The Federal Trade Commission (“FTC”) issued resolutions to increase the efficiency of FTC investigations into competition or consumer protection violations under the FTC Act in eight priority enforcement areas...more

Hogan Lovells

AI & Algorithms (Part 4): The FTC’s Guidance on AI

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Although the U.S. has no federal law that specifically regulates artificial intelligence (AI), the Federal Trade Commission (FTC) has indicated that it may be preparing to exercise its consumer protection authority with...more

Pillsbury - Internet & Social Media Law Blog

The FTC Urges Companies to Confront Potential AI Bias … or Else

It might be a little meta to have a blog post about a blog post, but there’s no way around it when the FTC publishes a post to its blog warning companies that use AI to “[h]old yourself accountable—or be ready for the FTC to...more

Wiley Rein LLP

FTC Outlines Approach to Discrimination in AI and Foreshadows Potential Enforcement

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A recent blog post from the Federal Trade Commission (FTC) provides direct guidance on the FTC’s approach to Artificial Intelligence (AI) bias and signals potential enforcement in this area. The post—entitled Aiming for...more

Proskauer on Privacy

The Future of the FTC: Part II

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A previous blog post discussed FTC Chairwoman Slaughter’s first priority as the newly designated chairwoman – the COVID-19 pandemic. The FTC’s second priority, racial equity, can be broken down into two sub issues. First, the...more

Akin Gump Strauss Hauer & Feld LLP

FTC Requires Company to Delete Proprietary Algorithm as Penalty for Alleged Misuse of Data

In an unusual departure from prior settlements, the Federal Trade Commission (FTC) has required a company to delete the facial recognition algorithm that was allegedly developed using improperly obtained user consent....more

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