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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 19, Governor Greg Gianforte signed the Montana Consumer Data Privacy Act into law, making Montana the ninth state to enact a comprehensive consumer data privacy law. The law will take effect October 1, 2024. For more information, click here. The law will take effect October 1. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Federal Activities: On October 23, the Financial Action Task Force concluded its 32nd plenary meeting and continued to focus on the impact of the COVID-19 pandemic on detecting and countering fraud, including attempts to defraud government-backed stimulus programs. State Activities.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. On June 17, the Federal Financial Institutions Examination Council (FFIEC) announced the availability of data on 2020 mortgage lending transactions at 4,475 U.S. financial institutions reported under the Home Mortgage Disclosure Act (HMDA). State Activities. Enforcement Powers.

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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter

Troutman Sanders

Privacy and Cybersecurity Activities. Specifically, the bill included a requirement that the Nevada Financial Institutions Division license the app. As such, initiating communication with a debtor is prohibited while the emergency remains in effect and for 60 days thereafter. State Activities. On March 22, Washington D.C.