Remove notice-of-data-security-incident
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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

Securities and Exchange Commission (SEC) and South Korea’s Financial Supervisory Service (FSS) will discuss the classification and regulation of nonfungible tokens (NFTs) and spot Bitcoin exchange-traded funds (ETFs). The procedures require the CFPB to issue a notice to an entity not currently subject to a supervisory examination.

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Use Root Cause Analysis Methods to Improve Policies and Procedures

PDC Flow

Before her office focused on these practices, she noticed blame would often be placed on a single employee or a client. Before her office focused on these practices, she noticed blame would often be placed on a single employee or a client. When she began this problem-solving process, she noticed a pattern. Collect data 3.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On February 8, a New York bankruptcy judge ruled against cryptocurrency exchange Gemini’s claim that it has a secured claim on more than $800 million in Genesis Global Capital assets. Gemini had alleged that Genesis pledged more than 61 million shares of Grayscale to secure loans, then defaulted on the loans. million penalty.

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DFS Releases its Cyber Insurance Risk Framework

Troutman Sanders

The Framework is aimed at property and casualty insurers that provide cyber insurance, as well as other insurers that do not write specific cyber insurance policies but may be exposed to cyber-related incidents through nonexplicit clauses, known as “silent risk.”. regulator on cyber insurance. Evaluate Systemic Risk.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The CFPB published a Consumer Financial Protection Circular to remind the public, including those responsible for enforcing federal consumer financial protection law, of creditors’ adverse action notice requirements under the Equal Credit Opportunity Act. For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). Department of Education announced the establishment of an Office of Enforcement within Federal Student Aid (FSA). State Activities. Privacy and Cybersecurity Activities. Federal Activities: On October 8, the U.S.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

The bill will amend Section 1692c of the FDCPA to prohibit collectors from threatening to have a covered member reduced in rank, to have his/her security clearance revoked, or to have the covered member prosecuted under the Uniform Code of Military Justice. You may access this interactive tool at [link]. Senate passed a $1.9