Troutman Sanders

MAY 13, 2021

26, 2021), which clarifies the circumstances under which plaintiffs alleging an increased risk of future identity theft or fraud due to the exposure of their personal data can establish Article III standing. Factual Background. The plaintiffs then sued CLA for negligence and violation of state consumer protection laws.

Manufacturing 52

Manufacturing Government 52

Troutman Sanders

OCTOBER 29, 2021

Data breaches and ransomware attacks are on the rise. On October 7, Oregon Attorney General Rosenblum announced an increase in data breaches reported to his office. The first nine months of 2021 involved 131 reported breaches, exceeding the 2020 total of 110. earlier this year. earlier this year.

Government 52

Government 52

PDC Flow

JANUARY 12, 2024

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.

Collection Agencies 70

Collection Agencies Collections Agency Collections Education 70

Troutman Sanders

NOVEMBER 23, 2021

State Activities: On November 17, California’s Department of Financial Protection and Innovation (DFPI) issued a revised notice of second text modifications of proposed regulations under the Debt Collection Licensing Act. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Government Banks Collections 52

Troutman Sanders

FEBRUARY 26, 2024

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.

Financial services 52

Financial services Financial Institution Trade Banks 52

Troutman Sanders

JANUARY 21, 2021

A federal court in California has ruled that the plaintiff in a putative class action alleging theft of non-sensitive personal information arising from a cybersecurity data breach lacks Article III standing to maintain his claims. Code § 1798.150(b) , Plaintiff provided written notice to Marriott on the same day he filed suit.

Lawyers 52

Lawyers Government 52

Troutman Sanders

APRIL 20, 2022

On April 5, the Securities and Exchange Commission (SEC) announced that two employees improperly accessed adjudicatory materials for cases being litigated in the agency’s in-house court system. Companies should also consider providing periodic training to staff on the proper handling, disposal, and access of data. Cochran , No.

Government 52

Government 52

Burr Forman

JUNE 11, 2021

There were 2,474 ransomware incidents reported to IC3; the number of ransomware attacks is likely much higher as many victims do not report them to IC3. Each year, the Internet Crime Complaint Center ( “IC3” ) of the Federal Bureau of Investigation publishes its Internet Crime Report. Regular Backups. All backups should be tested regularly.

Financial Institution 52

Financial Institution 52

Troutman Sanders

FEBRUARY 16, 2021

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.

Financial services 52

Financial services Education Government 52

Troutman Sanders

MAY 10, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. You may access this interactive tool at [link].

Financial services 52

Financial services Fair Debt Collection Foreclosure Debt collector 52

Troutman Sanders

MAY 3, 2021

The rule requires debt collectors seeking to evict tenants for nonpayment of rent to provide written notice to tenants of their rights under the Centers for Disease Control and Prevention (CDC) order. Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge.

Financial services 52

Financial services Foreclosure Collection Agencies Collections Agency 52

Troutman Sanders

FEBRUARY 13, 2024

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.

Financial services 52

Financial services Student loans Student Loans Collection Agencies 52

Troutman Sanders

FEBRUARY 14, 2022

On January 13, Him Das, the acting head of the Financial Crimes Enforcement Network (FinCEN), highlighted ransomware as a chief national security risk. To this end, the agency recently issued two Notices of Proposed Rulemaking, the first on December 7, 2021 and the second on January 24, 2022. How Is a BOI Intended to Combat Bad Actors?

Financial Institution 52

Financial Institution Government Banks 52

Troutman Sanders

MAY 31, 2022

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.

Financial services 52

Financial services Education Creditors Collection Agencies 52

Troutman Sanders

MARCH 8, 2021

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

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

JUNE 27, 2022

Like most industries today, Consumer Finance Services businesses continue to be significantly impacted by COVID-19. Federal Activities: On June 26, the Bank for International Settlements released its Annual Economic Report 2022 , arguing that global monetary systems should be built upon central bank digital currencies (CBDCs), not cryptocurrencies.

Financial services 52

Financial services Banks Trade Government 52

PDC Flow

FEBRUARY 16, 2024

Once the consumer notices unauthorized items on their statement, they dispute the fraudulent transactions with their credit card company. Your staff works hard during the busy tax season and throughout the year to settle past-due accounts and collect payments for your debt collection agency.

Banks 78

Banks Collection Agencies Collections Agency Collections 78

Troutman Sanders

OCTOBER 11, 2021

Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities. On October 6, the U.S.

Financial services 52

Financial services Loans Lender Foreclosure 52