On October 23, 2019, New York’s new breach notification provisions came into effect, a result of New York’s passage of the Stop Hacks and Improve Electronic Data Security Act (SHIELD Act) in July. That Act overhauled New York’s data privacy … [Continue reading] about SHIELD Act Overhauls New York’s Data Breach Notification Framework
Massachusetts Poised to Regulate Student Loan Servicers
A&B ABstract: Amid growing concerns of a student loan crisis, proposed Massachusetts H. 3977 is worth watching. If enacted, it would provide the Division of Banks and the Attorney General additional regulatory and enforcement authority over … [Continue reading] about Massachusetts Poised to Regulate Student Loan Servicers
Supreme Court to Decide CFPB’s Constitutionality
A&B ABstract: On October 18, 2019, the Supreme Court granted certiorari in Seila Law v. CFPB to decide the constitutionality of the Consumer Financial Protection Bureau’s leadership structure.[1] Significantly, the Court also ordered the parties … [Continue reading] about Supreme Court to Decide CFPB’s Constitutionality
Alston & Bird Details 21 Potentially Significant Impacts from Draft CCPA Regulations
Late last week, the California Attorney General published much-anticipated proposed Regulations under the California Consumer Privacy Act (“CCPA”). The Regulations are extensive and contain a number of potentially material business impacts. To … [Continue reading] about Alston & Bird Details 21 Potentially Significant Impacts from Draft CCPA Regulations
CFPB Issues Final HMDA Rule Incorporating Reporting Exemptions
A&B ABstract: In a final rule issued on October 10, 2019, the CFPB amended Regulation C under the Home Mortgage Disclosure Act to incorporate exemptions created by the Economic Growth, Regulatory Relief, and Consumer Protection Act, among other … [Continue reading] about CFPB Issues Final HMDA Rule Incorporating Reporting Exemptions