Statute
GLBA
54 published works
Consumer Financial Services Law Monitor
House Financial Services Committee Discussion Draft to Amend GLBA and Preempt State Regimes
By Kim Phan
A new discussion draft from Representative Bill Huizenga (R-MI) would significantly update Title V of the Gramm‑Leach‑Bliley Act (GLBA) to reflect how financial data is collected, shared, and monetized in…
Taft Privacy & Data Security Insights
Privacy by Design, Profit by Strategy: Thoughts from Dayton’s Startup Week
By Zachary Heck
Last month, I had the opportunity to speak to entrepreneurs at Launch Dayton’s Startup Week regarding the positive effects that strong privacy and data governance practices have on business. As…
Consumer Finance Monitor
FTC takes action against Accelerated Debt for running a debt relief scam
By Alan S. Kaplinsky, Ballard CFS Group
An ex parte temporary restraining order has been issued against the participants in a debt relief services scheme that allegedly targeted seniors, including veterans, using a variety of deceptive practices,…
Data Protection Report
NT Analyzer adds API mapping feature
By Steve Roosa (US), Wenda Tang (US)
This month, we have added “API mapping” and “JavaScript file analysis” as core components of the NT Analyzer tool suite. This post explains what API Mapping is and how the…
Consumer Protection Insights
CFPB Urges States to Fill Gaps in Federal Financial Privacy Statutes
By Timothy A. Butler, Matthew White, Tessa Cierny, Greenberg Traurig, LLP
On Nov. 12, 2024, the Consumer Financial Protection Bureau (CFPB) released a report examining federal and state privacy protections for consumers’ financial data. In the report, the CFPB “critiques” the privacy protections…
Eye On Privacy
In 2024 Oregon Will Join Short List of States Requiring Data Broker Registration
By Liisa Thomas, Kathryn Smith
Oregon recently joined Vermont and California as the third state requiring data broker registration before collecting, selling, or licensing “brokered personal data.” Several types of entities are exempt from the…
Consumer Finance Monitor
Kansas Passes an Act Requiring Mortgage Companies, Supervised Lender, and Money Transmitters to Create Information Security Standards Consistent with GLBA’s Consumer Information Safeguard Rule
By Gregory P. Szewczyk, John Georgievski
On April 24, the Governor of Kansas signed into law Kansas Senate Bill 44, which enacts the Financial Institutions Information Security Act (the “Act”). The Act requires credit services organizations, mortgage…
Scott Technology Attorneys Blog
How MSPs Can Manage Vendor Risk
By Rob Scott
As a Managed Service Provider (MSP), managing vendor risks is a critical aspect of your job. Your clients rely on you to ensure that their IT systems are secure and…
Consumer Financial Services Law Monitor
Department of Education Announces Required Cybersecurity Updates for Postsecondary Institutions to Comply with the Safeguards Rule
On February 9, the U.S. Department of Education (ED) released an announcement about updates that postsecondary institutions must make to their cybersecurity and data protection policies in order to comply…
The Data Advisor
FTC Extends Deadline to Comply with the Updated Safeguards Rule Until June 9, 2023
By Libby Weingarten, Edward Holman, Mudasar Khan
On November 15, 2022, the Federal Trade Commission (FTC) announced it is extending the deadline for covered financial institutions to comply with the updated Safeguards Rule of the Gramm-Leach-Bliley Act…