Troutman Sanders

AUGUST 25, 2022

As a partner in the firm’s Privacy + Cyber Practice Group, Kim Phan assists financial institutions with e-commerce, social media, and mobile app development and compliance, including adapting an augmented reality mobile game for a retail client, conducting online behavioral advertising assessments of websites to update and enhance website privacy policies, (..)

Financial services 52

Financial services Financial Institution Retail Government 52

Collection Industry News

NOVEMBER 22, 2023

.” Digital applications now help millions of people to send money to friends and family, as well as to help them make a variety of consumer retail payment transactions. Such applications also have gained a significant volume of in-person retail spending.

Credit Unions 40

Credit Unions Credit Unions Student loans Student Loans 40

Collection Industry News

AUGUST 30, 2021

Enforcement of the California Consumer Privacy Act (CCPA) has been in place for just over one year and, in announcing the milestone, Attorney General Rob Bonta said there has been “great progress” by businesses required to comply. This will give our industry even more incentive to make sure we are in compliance with the [privacy law.]”.

Retail 40

Retail Collections Government 40

Troutman Sanders

JANUARY 25, 2022

Privacy and Cybersecurity Activities. The FTC issued the Holder Rule to allow consumers to bring any legal claims against the “holder” of a retail installment sales contract or other credit contract that it could assert against the original seller of the good or service, even if the claim springs from the seller’s misconduct alone.

Financial services 52

Financial services Student loans Student Loans Trade 52

Credit Corp

MAY 12, 2021

You can pay for part of a dinner or your share of the shopping with Venmo, and some online retailers also accept Venmo as a form of payment. Thankfully, you can change your privacy settings to keep your payment settings under wraps. Venmo’s three privacy levels are: Anyone can find you and see your transactions. weekly limit.

Banks 72

Banks Retail Financial Institution 72

Collection Industry News

FEBRUARY 28, 2023

Background On January 27, 2023 (just ahead of Data Privacy Day), California Attorney General Rob Bonta (“AG”) announced an investigative sweep focused on mobile application providers in the retail, travel, and food service industries. the service provider exception, as described in our most recent Client Alert ).

Retail 40

Retail Collections 40

Troutman Sanders

FEBRUARY 2, 2022

The Fed’s report focuses on a retail CBDC to be used by the general public, as opposed to a wholesale CBDC that would be used by financial institutions for back-end settlement. There also are more direct risks, such as those to consumer privacy and the resiliency of digital payment systems.

Government 52

Government Credit Unions Credit Unions Banks 52

Troutman Sanders

NOVEMBER 30, 2020

Privacy and Cybersecurity Activities. Privacy and Cybersecurity Activities: On November 25, The Wall Street Journal reported that a Harris Poll survey found that “55% of American adults are worried that government agencies are tracking them through location data generated from their cellphones and other digital devices.”

Financial services 52

Financial services Foreclosure Student loans Student Loans 52

Credit Corp

MARCH 6, 2023

Get Your Free Credit Score & Monitoring Plus Weekly Updates From Our 50+ Experts Get It Now Privacy Policy 5. Here are the real facts about a few common ones: Don’t sign up for retail credit cards. Some people might say that retail credit cards are easy to get and can help you build credit.

Credit Unions 98

Credit Unions Credit Unions Retail Loans 98

Troutman Sanders

NOVEMBER 3, 2021

Additional examples of “financial institutions” that significantly engage in business incidental to financial activities include businesses that regularly wire money to and from consumers; retailers that extend credit by issuing their own credit cards directly to consumers; and check cashing businesses. Requirements Under the Final Rule.

Financial Institution 52

Financial Institution Retail Government Trade 52

Credit Corp

MARCH 6, 2023

Call 844-346-3296 Repairing Your Credit With Lexington Law Can Help You Save Thousands Get Started Now Privacy Policy Call now for a FREE consultation CALL 833-337-8339 CALL 833-337-8339 7. Credit card companies, even those offered through popular retailers, almost always check the applicant’s credit score prior to approval.

Auto Insurance 98

Auto Insurance Debt collector Lender Law Firms 98

Troutman Sanders

OCTOBER 20, 2023

The AG’s Protracted Investigation and Litigation Savers is the largest for-profit thrift retailer in the world and generates more than $1 billion in annual revenue. The Washington AG began investigating Savers in 2014 and, after a failed negotiation, sued the retailer.

Financial services 52

Financial services Financial Institution Government Retail 52

Troutman Sanders

MARCH 8, 2021

Privacy and Cybersecurity Activities. Privacy and Cybersecurity Activities: On March 5, the Federal Trade Commission (FTC) warned consumers that scammers might target individuals facing financial distress during the COVID-19 pandemic. State Activities. Federal Activities: On March 6, the U.S. Senate passed a $1.9

Financial services 52

Financial services Retail Foreclosure Financial Institution 52

Troutman Sanders

JULY 26, 2021

Privacy and Cybersecurity Activities. Privacy and Cybersecurity Activities: On July 20, the FTC released its agenda for PrivacyCon 2021, which covers topics relating to algorithms, advertising, the Internet of Things (IoT), and COVID-19-related privacy matters. State Activities. Federal Activities: On July 23, U.S. to 5 p.m.

Financial services 52

Financial services Student loans Student Loans Garnishment 52

Troutman Sanders

FEBRUARY 16, 2023

Here, the SEC alleged that Kraken’s pooling of tokens from retail investors enabled it to increase “the probability that the blockchain protocol [would] select [Kraken] to validate transactions and earn rewards …. For more information relating to the NYDFS’ order, click here. For more information, click here.

Financial services 52

Financial services Lender Banks Education 52

Payment Savvy

DECEMBER 9, 2020

Becoming a global retailer is not easy due to challenges like fraud and international payment processing. Advanced Security and Privacy for Consumers. The government is now putting strict measures for companies serving online to ensure that they offer enough privacy and security. goods from foreign markets.

Retail 52

Retail Government 52

Troutman Sanders

APRIL 18, 2022

dollar, or “e-cash,” which is intended to “replicate and preserve the privacy, anonymity-respecting, and minimal transactional data-generating properties of physical currency instruments such as coins and notes to the greatest extent technically and practically possible,” all without requiring a bank account.

Banks 52

Banks Financial Institution Trade Government 52

Payment Savvy

JUNE 7, 2023

Venmo even has a dedicated program for its retail clients called Venmo for Business. Privacy issues. Although Venmo itself is a reputable company that uses state-of-the-art security technologies, it has faced some privacy issues in the past, which even resulted in a settlement with the Federal Trade Commission. How does it work?

Banks 98

Banks Retail Trade 98

Fico Collections

DECEMBER 14, 2021

When it came into effect in 2018, the GDPR put a spotlight on data protection and kickstarted a wave of global privacy laws. But we are now beginning to see some of the wider benefits of the toughest privacy and security law in the world. For most, GDPR compliance has been a costly, time-consuming and complicated process.

Banks 52

Banks Retail Loans 52

Credit Corp

MARCH 22, 2023

They started creating relationships with retailers and eventually joined forces with the credit card networks to create what we now know as debit cards. Find Your Card Now Privacy Policy Pros and Cons of an ATM Card Some banks will still issue an ATM-only card if an account holder asks for one. ATM cards don’t have these logos.

Financial Institution 98

Financial Institution Banks Retail 98

Troutman Sanders

JUNE 27, 2023

On June 20, the CFPB published a blog post regarding worker surveillance and the threats posed to worker privacy. The first is the final report on Project Rosalind, “an experiment exploring application programming interfaces (APIs) for retail central bank digital currency.” For more information, click here. The SBA added question No.

Financial services 52

Financial services Banks Trade Loans 52

Troutman Sanders

JANUARY 29, 2021

Last week, Judge Sue Myerscough declined to certify a class of employees whose personal information was disclosed when Driveline Retail Merchandising fell prey to a phishing scam. Driveline Retail Merch. The factual background will resonate with anyone who has ever participated in information security training. The case is McGlenn v.

Retail 52

Retail Banks Government 52

Troutman Sanders

MARCH 11, 2024

state to enact a comprehensive privacy law. According to the list, the greatest number of consumer complaints filed in 2023 related to online purchases, price gouging, retail sales, defective merchandise, poor customer service, pet stores, and animal breeders. For more information, click here.

Financial services 52

Financial services Garnishment Lender Banks 52

Public Citizen

FEBRUARY 17, 2022

Only a handful of studies have examined the immediate impact of retail data breaches. In particular, healthcare data breaches are most costly ($7.1 million each) and damaging, as the breached data are irrevocable, and consumers face limited alternatives and daunting switching costs.

Healthcare 45

Healthcare Retail 45

Credit Corp

NOVEMBER 18, 2020

Protecting your identity and privacy should be a priority for you, and knowing what identity theft is can help you prepare. If you used your card once at a retail store, they’ll still have your information on file. Credit card fraud is by far the most prevalent type of identity theft, according to FTC numbers.

Student loans 112

Student loans Student Loans Loans Financial Institution 112

Troutman Sanders

MAY 9, 2023

Strengthen Retail (Consumer) Investor Protections. On May 1, Indiana joined California, Virginia, Colorado, Connecticut, Utah, and Iowa to become the seventh state to enact a “comprehensive” data privacy law.

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

JANUARY 18, 2022

Emmer proclaimed that the Federal Reserve does not, and should not, have the authority to offer retail bank accounts. He also expressed his concerns about privacy, stating that the Federal Reserve could use a CBDC “as a surveillance tool” by collecting personal identifiable information on users and tracking their transactions “indefinitely.”

Banks 52

Banks Trade Credit Unions Credit Unions 52

Credit Corp

JULY 1, 2021

It represents a willingness to trust gadgets on a whole new level, and a lack of concern for financial privacy. You can also use Venmo to pay for goods and services from some online retailers as well as to make in-app purchases in some online apps. And disable sharing of “transactions involving you” in the privacy settings.

Banks 98

Banks Financial Institution Retail Financial services 98

PDC Flow

JUNE 22, 2021

Restaurants, retail and other business to customer operations quickly deployed contactless, digital methods that kept things running. Many EBOs have spent years tailoring PCI and other security and privacy measures to an office setting.

Client Expectations 61

Client Expectations Retail Collections Financial services 61

Troutman Sanders

JULY 19, 2023

On July 10, BIS published a paper that summarizes the findings of a recent BIS survey that asked 86 central banks whether they were working on a retail, wholesale, or both types of a central bank digital currency (CBDC). Data Privacy Framework. For more information, click here. For more information, click here.

Financial services 40

Financial services Lender Trade Banks 40

Credit Corp

SEPTEMBER 29, 2021

For instance, retail companies use data entry clerks to compile into lists: customers, sales prices, or outstanding amounts owed, due dates, and payments made. Some economists consult investment firms, manufacturers, retailers, or industry and trade associations on the effects of economic trends upon the value of assets.

Manufacturing 98

Manufacturing Retail Construction Trade 98

Re:Ceeve

AUGUST 20, 2020

By default, SAP for Retail, bases inventory systems on the sale price. Seven years and € 500 million later, the fairytale fell apart and Lidl pulled out. While it was not one thing that caused Lidl to walk away, one missing feature set in motion an avalanche of issues. Keeping it this way was a non-negotiable for Lidl. Regulations.

Retail 53

Retail Banks 53

Troutman Sanders

JUNE 21, 2023

On June 20, the Federal Trade Commission (FTC) sent letters to 50 online marketplaces nationwide, notifying them about their obligation to comply with the new Integrity, Notification, and Fairness in Online Retail Marketplaces for Consumers Act — or the INFORM Consumers Act — as soon as it takes effect on June 27.

Financial services 52

Financial services Collection Agencies Collections Agency Trade 52

Fico Collections

JANUARY 8, 2021

It would be a difficult project to put together, and the privacy concerns are considerable; there are already stories emerging from South Korea where Health authorities are sending ‘safety guidance’ text messages which details the movements of individuals recently diagnosed with the virus.

Acquisition 52

Acquisition Loans Financial Institution Lender 52

True Accord

JULY 13, 2023

Several states have actively been considering and passing new legislation requiring additional policies, controls, and practices not only in the data security space but also for data privacy and data breaches. 9%) to $17.05

Financial Institution 65

Financial Institution Student loans Student Loans Loans 65

Troutman Sanders

JANUARY 30, 2023

State Activities: On January 27, California Attorney General Rob Bonta announced an investigative sweep, targeting businesses with mobile apps that do not comply with the state’s Consumer Privacy Act (CCPA). Additionally, the study’s authors note that affordability of alternative charge borrowers is mixed.

Financial services 52

Financial services Foreclosure Banks Trade 52

Troutman Sanders

MARCH 28, 2023

The published data contains loan-level information filed by financial institutions and modified to protect consumer privacy. For more information, click here. For more information, click here. On March 22, Iowa Governor Kim Reynolds signed SF133 into law.

Financial services 52

Financial services Student loans Student Loans Financial Institution 52