News & Analysis as of

Data Controller Financial Services Industry

Brownstein Hyatt Farber Schreck

CFPB Classifies Data Brokers as Credit Reporting Agencies in New Proposal

On Dec. 3, 2024, the Consumer Financial Protection Bureau (CFPB) released a proposed rule that would treat data brokers as credit reporting agencies, subjecting them to requirements under the Fair Credit Reporting Act (FCRA)....more

DLA Piper

EU: Engaging Vendors in the Financial Sector: EDPB Clarifications Mean More Mapping and Management

DLA Piper on

The European Data Protection Board (“EDPB“) adopted an opinion on 7 October 2024, providing guidance for data controllers relying on processors (and sub-processors) under the GDPR....more

Moore & Van Allen PLLC

CFPB Finalizes Personal Financial Data Rights Rule 1033

Moore & Van Allen PLLC on

On October 22, 2024, the Consumer Financial Protection Bureau (the “CFPB”) finalized its personal financial data rights rule (“The Final 1033 Rule” or the “Final Rule”) that would require data providers to make available to...more

Wilson Sonsini Goodrich & Rosati

Cybersecurity: A Critical Element in Your 2025 Business Forecast

As cyberattacks become more sophisticated, cybersecurity remains a top concern for regulators, consumers, business partners, and investors. Weak security can cause substantial harm to a company and lead to litigation,...more

Lowenstein Sandler LLP

New Jersey Adopts a Comprehensive Data Protection Law: What You Need to Know and Do Now

Lowenstein Sandler LLP on

On January 8, 2024, after multiple amendments, the New Jersey Legislature passed a comprehensive data protection bill (SB 332). Gov. Philip Murphy has 45 days to execute SB 332, making New Jersey the 13th state to adopt...more

BCLP

Paris Litigation Gazette - Issue 4 - October 2023

BCLP on

In an important judgment handed down on 29 June 2023 (Case C-211/22), the Court of Justice of the European Union (the "CJEU") ruled that a vertical agreement to fix minimum prices does not necessarily constitute a restriction...more

A&O Shearman

AG CJEU addresses data subject rights and automated decision-making by credit rating agencies

A&O Shearman on

The Advocate General (AG) Pikamäe of the Court of Justice of the European Union (CJEU) issued his opinions in three cases concerning the credit rating agency SCHUFA Holding AG (SCHUFA) on 16 March 2023....more

Kramer Levin Naftalis & Frankel LLP

What Funds Should Know About The New Cayman Islands Data Protection Law

The Cayman Islands recently implemented data protection legislation similar to that adopted elsewhere in the world, including the EU’s General Data Protection Regulation (GDPR). The GDPR forced many businesses outside its...more

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