As the payments industry awaits expected increases in enforcement activity from the newly revamped Consumer Financial Protection Bureau, two recent state level actions brought against digital banking platform Chime have underscored the importance of financial service marketing activities conducted by non-bank entities and the use of the terms “bank” or […]
Technology & Intellectual Property Update
A Review of the CCPA’s Private Right of Action
In March, we examined trends in the California Attorney General’s enforcement of the California Consumer Protection Act (the “CCPA”), and this month we’ll look at trends in suits arising from the CCPA’s private right of action. As a reminder, the CCPA provides a private right of action that allows consumers […]
Data Privacy Legislation Update
Connecticut Connecticut is on track to be the next state to pass major data privacy legislation. If enacted, the Connecticut Act Concerning Consumer Privacy (the “Act”) would join the existing patchwork of state privacy laws. The Act would establish a framework for controlling and processing personal data, and include the standard consumer […]
Data Privacy Legislation Update
Virginia In the February edition of the Technology & Intellectual Property Update, we wrote about the Virginia Consumer Data Protection Act (“CDPA”) being sent to Gov. Northam to sign into law. He did just that on March 2, 2021. Virginia is now the second state to adopt a comprehensive data […]
CFPB Releases 2020 Consumer Complaints Report
Last month, the Consumer Financial Protection Bureau (“CFPB”) released its annual report to Congress summarizing consumer complaints received by the CFPB in 2020. In its report, the CFPB noted that consumer complaints increased by 54 percent when compared with 2019. The CFPB attributes the increase in complaints to the impact […]