News & Analysis as of

Gramm-Leach-Blilely Act

Hinshaw & Culbertson - Privacy, Cyber & AI...

Hot Topics in Data Privacy: Staying Cool and Compliant This Summer

This edition of Hinshaw’s Privacy, Cyber, and AI Decoded highlights several newly enacted pieces of legislation in 2026 that businesses and our clients should include in their growing list of compliance planning, along with...more

Ballard Spahr LLP

FTC obtains restraining order against mortgage relief assistance operation

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A U.S. District Court Judge has temporarily halted an allegedly deceptive mortgage assistance relief operation lured homeowners with promises that it could provide mortgage relief assistance under the Coronavirus Aid, Relief...more

McCarter & English, LLP

What We Do in the Shadows…with Shadow AI: The Growing Business Risk of Unauthorized Artificial Intelligence Tools

Many of today’s employers are eager to reap the benefits of emerging artificial intelligence-powered tools and are pressing their teams to identify and implement ways in which AI can improve their work. Some of these...more

Fisher Phillips

Delaware’s Privacy Law is About to Expand: 6 Steps Employers and Businesses Should Take to Prepare

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Just over a year after Delaware’s privacy law took effect, state lawmakers are close to expanding its reach by passing a bill that could soon cover more businesses, narrow a key exemption, and expand the definition of...more

Orrick, Herrington & Sutcliffe LLP

RegFi Episode 93: GLBA Preemption and the Future of State Financial Privacy Laws

Rep. Bill Huizenga’s draft bill to modernize the Gramm-Leach-Bliley Act could mark the most significant overhaul of U.S. financial privacy regulation in more than two decades. In this episode of RegFi, co-hosts Jerry...more

Venable LLP

FTC and State AGs Target Reviews and Deceptive Business Listings in Home Services

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Last week, the U.S. Department of Justice (DOJ), on behalf of the Federal Trade Commission (FTC), and the Illinois attorney general filed a federal lawsuit in the Northern District of Illinois against Premium Home Service...more

Kelley Drye & Warren LLP

FTC’s ​“Future of Consumer Financial Protection” Workshop: GLBA Pretexting and FTC Consumer Redress Priorities

On May 14, 2026, the FTC co-hosted a workshop with George Mason University Law School’s Institute for Consumer Financial Choice. The workshop examined developments in the financial services sector in the last five years, and...more

Ballard Spahr LLP

GLBA Modernization Legislation: Key Implications for Financial Institutions’ Data Practices

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The House Financial Services Committee recently advanced legislation to modernize the Gramm-Leach-Bliley Act (GLBA), reflecting a continued shift toward more prescriptive data governance obligations for financial...more

FBT Gibbons LLP

When Your Vendor’s Breach Becomes Your Lawsuit: Privacy Risk Lessons from Recent Bank Litigation

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A recent high-profile incident illustrates the growing litigation and regulatory risks that financial institutions face from vendor-driven data breaches. Within weeks of a national bank confirming a data security incident at...more

Wiley Rein LLP

Wiley Consumer Protection Download (May 6, 2026)

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Welcome to Wiley’s update on recent developments and what’s next in consumer protection enforcement and regulation. We cover developments with the Federal Trade Commission (FTC), the Consumer Financial Protection Bureau (CFPB...more

Troutman Pepper Locke

Regulation S-P Compliance for Small Firms: Preparing for the Upcoming Compliance Deadline

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With the June 3, 2026, compliance deadline fast approaching, small firms subject to amended Regulation S‑P under the Gramm-Leach-Bliley Act (GLBA) should be in the final stages of updating their privacy and safeguards...more

Paul Hastings LLP

US House Releases Latest Attempt at a Nationwide Privacy Bill; Prospects Are Uncertain

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On April 22, the U.S. House of Representatives released draft legislation that would create a nationwide U.S. privacy law — the House’s third attempt since 2022. While the proposed bills would establish a uniform national...more

BakerHostetler

The New Era of Regulation S‑P: When Vendors Breach, the Clock Starts Ticking

BakerHostetler on

Even during times of change regarding regulatory priorities, regulators remain focused on cybersecurity, information governance and data privacy across the financial services sector. But in recent times, two priorities have...more

Troutman Pepper Locke

Federal Privacy Bills Introduced: GUARD Financial Data Act and SECURE Data Act

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On April 22, the U.S. House of Representatives Financial Services Committee and the Energy and Commerce Committee jointly unveiled a paired privacy package that, taken together, would substantially recast the federal...more

Orrick, Herrington & Sutcliffe LLP

SDNY bans former crypto lending CEO, enters suspended $4.7B judgment resolving FTC claims

On April 28, the SDNY entered a stipulated order permanently banning the former CEO of a cryptocurrency lending platform from advertising, marketing, promoting, offering or distributing any product or service used to deposit,...more

Hudson Cook, LLP

Consumer Financial Services Bites of the Month - April 2026 - "April Song."

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In this month's article, we share some of our top "bites" covered during the April 2026 webinar....more

Sheppard, Mullin, Richter & Hampton LLP

FTC Moves to Halt Alleged Student Loan Debt Relief Operation

On April 16, the FTC announced that it obtained a temporary restraining order against a debt relief operation over allegations that it engaged in deceptive student loan relief practices in violation of the FTC Act, the...more

Krieg DeVault

Latest Developments in Meta Pixel Class Action Litigation Impacting Financial Institutions

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On January 13, 2025, we published a client alert in which we warned that the plaintiffs’ bar had begun adapting theories used in a wave of healthcare website-tracking class actions to target financial institutions, and...more

Troutman Pepper Locke

Privacy Litigation Report: Takeaways From March 2026 Decisions

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Five takeaways from March 2026 decisions: (1) Courts diverge on “purpose” requirement in ECPA’s crime-tort exception; (2) Courts consider ECPA exception outside the health care industry; (3) Contradictory statements in...more

McGuireWoods LLP

Cyberattacks on Higher Education Institutions Underscore Urgency of Regulatory Compliance

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Colleges and universities should assess their cybersecurity compliance posture and incident response readiness and harden their networks as soon as possible in light of elevated threats. Since June 2025, the Cybersecurity...more

Hudson Cook, LLP

Consumer Financial Services Bites of the Month - March 2026 - "March Wind's Gonna Blow My Blues All Away."

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In this month's article, we share some of our top "bites" covered during the March 2026 webinar....more

Orrick, Herrington & Sutcliffe LLP

House Financial Services Committee examines amending GLBA’s financial privacy framework

On March 17, the House Financial Services Committee held a hearing titled “Updating America’s Financial Privacy Framework for the 21st Century” to examine potential reforms to Title V of the GLBA, including possible federal...more

Troutman Pepper Locke

House Financial Services Committee Discussion Draft to Amend GLBA and Preempt State Regimes

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A new discussion draft from Representative Bill Huizenga (R-MI) would significantly update Title V of the Gramm‑Leach‑Bliley Act (GLBA) to reflect how financial data is collected, shared, and monetized in today’s market....more

Orrick, Herrington & Sutcliffe LLP

CFPB proposes reinstatement of privacy rule data collection under GLBA

On March 5, the CFPB issued a notice in the Federal Register requesting public comment on its proposal to reinstate an information collection under the GLBA’s implementing regulation (Regulation P). The notice sought feedback...more

Cozen O'Connor

The State AG Report – 03.05.2026

Cozen O'Connor on

Here are curated AG and federal regulatory news stories highlighting key areas in which state and federal regulators’ decisions are having an impact across the US: • Runoffs Set for Both Parties in Texas AG Primaries - •...more

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