True Accord

JUNE 29, 2023

In today’s financial landscape, regulators at both the federal and state level are driving accountability for companies when it comes to data protection and security. Failure to implement these best practices can result in a security incident or worse, a data breach.

Collections 81

Collections Financial Institution Debt collector Debt Recovery 81

Burr Forman

DECEMBER 10, 2021

Have you cataloged all the data you collect and where it is stored so that you can determine whose information is impacted by a breach? In most cases, substitute notice requires notification to be placed prominently on your website as well as distributed through the media, in print, on television, and/or by radio.

Banks 52

Banks Government Financial Institution Collections 52

Nexa Collect

NOVEMBER 26, 2022

As per FTC, starting June 9, 2023 all collection agencies will be treated as financial institutions. This means all collection agencies must secure consumer data nearly the same way as banks. GLBA covers your employees and even your vendors that have access to your data. Handling savings.

Collection Agencies 130

Collection Agencies Collections Agency Financial Institution Collections 130

Troutman Sanders

MARCH 8, 2021

On March 5, the Federal Reserve Board clarified guidance relating to definitions for minority depository institutions (MDIs), expanded the MDI definition to include women-owned financial institutions, and highlighted resources available to MDIs through its Partnership for Progress program. Senate passed a $1.9 On March 5, U.S.

Financial services 52

Financial services Retail Foreclosure Financial Institution 52