News & Analysis as of

Gramm-Leach-Blilely Act Data Management

Ballard Spahr LLP

CFPB suggests that state privacy laws can—and should—regulate financial data

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On November 12, 2024, the Consumer Financial Protection Bureau (CFPB) released a report examining the carve outs and limitations contained in comprehensive state privacy laws relating to financial institutions.  In an...more

Mintz - Privacy & Cybersecurity Viewpoints

Maryland Says “Don’t Mess with Kids”

As U.S. states continue to pass data privacy legislation, Maryland has gone above and beyond in signing both the Maryland Online Data Privacy Act of 2024 (MODPA) and the Maryland Age Appropriate Design Code (HB 603/SB...more

Ankura

Data Management Strategies for Banking and Financial Services Organizations

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Competent management of business information is a challenge for organizations across industries, but banking and financial services organizations face heightened information governance challenges that require dedicated...more

Burr & Forman

Data Breach Notification Laws in the United States: What is Required and How is that Determined?

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Has your business considered what obligations you would have to notify people in the event of a cyber-attack that compromises some or all of your IT systems? Have you cataloged all the data you collect and where it is stored...more

Adams & Reese

Payment Service Providers’ Valuable Data is Getting More Regulatory Attention

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The ways consumers make payments, including the data and technology associated with those payments, is becoming an increased focus of regulators. Financial institutions should carefully and thoroughly consider the recent...more

Seyfarth Shaw LLP

Dealer Management Systems Providers Allowed to Proceed With Challenge To Arizona Dealer Data Security Law

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On Wednesday, May 20, 2020, an Arizona federal district court judge issued a long-awaited order on motions to dismiss a complaint filed by CDK Global LLC (CDK) and Reynolds & Reynolds Company (Reynolds) challenging amendments...more

Ballard Spahr LLP

Planning for the Worst: Privacy, Info Sec, and Bankruptcy

Ballard Spahr LLP on

With the ongoing covid crisis leaving businesses of all sizes concerned about the short and medium term future, the intimidating task of considering a liquidation or restructuring is inevitably starting to become a reality. ...more

Carlton Fields

Are You in Compliance With New York’s Newest Requirement to Develop, Maintain, and Implement Reasonable Safeguards to Protect New...

Carlton Fields on

The new data security requirements provision of New York’s Stop Hacks and Improve Electronic Data Security (SHIELD) Act went into full force as of March 21, 2020, and all people and businesses, regardless of the state in...more

Morgan Lewis

The CCPA and Similar State Laws – Considerations for Private Investment Funds

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Managers of private investment funds that collect personal information are required to comply with the landmark California Consumer Privacy Act – with some exemptions. ...more

Epstein Becker & Green

The New York State “Stop Hacks and Improve Electronic Data Security Act” (SHIELD Act) Becomes Effective March 21, 2020: Is Your...

Time is running out. The effective date of New York’s cybersecurity law mandating that organizations implement an information security program to protect “private information” of New York State residents, including employee...more

Carlton Fields

Florida’s Legislature to Consider Consumer Data Privacy Bill Akin to California’s CCPA

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Florida lawmakers have proposed data privacy legislation that, if adopted, would impose significant new obligations on companies offering a website or online service to Florida residents, including allowing consumers to “opt...more

Seyfarth Shaw LLP

CCPA Amendments – What did California Actually Do?

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The rush for California to get all of the “rules of the road” ready for next year has seemed to cause a bit of confusion with California’s privacy law. Draft regulations were published the same day the Governor signed into...more

Carlton Fields

Are Banks and Other Lenders Subject to the CCPA?

Carlton Fields on

California’s new privacy statute imposes a number of new requirements on businesses that touch the personal information of California consumers. Its reach includes banks and financial services companies....more

Pillsbury Winthrop Shaw Pittman LLP

Countdown to CCPA: Do You Know Where Your Data Is?

Starting in 2020, “inventory management” takes on new meaning in California. Going into effect Jan. 1, 2020, the CCPA grants five new rights to consumers respecting personal information....more

Hogan Lovells

FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

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The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and...more

Dorsey & Whitney LLP

Financial Industry Groups Should Have a Pulse on the California Consumer Privacy Act of 2018: A Legislative Update on the...

Dorsey & Whitney LLP on

Financial institutions that are grappling with how the European Union’s General Data Protection Regulation (“GDPR”) may impact their U.S. operations should also be keeping a close eye on the California Consumer Privacy Act of...more

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