On April 18, the Federal Deposit Insurance Corporation (“FDIC”) and the Board of Governors of the Federal Reserve (the “Federal Reserve”) each announced a consent order against Discover and certain of its subsidiaries (collectively, “Discover”) in connection with Discover’s categorization of consumer credit cards for interchange purposes. In particular, each […]
Technology & Intellectual Property Update
Enforcement: California Privacy Protection Agency’s First Settlement
On March 12, the California Privacy Protection Agency (“CPPA”) announced its first enforcement settlement action under the California Consumer Privacy Act (“CCPA”) against American Honda Motor Co., Inc. (“Honda”). Pursuant to the settlement, Honda has agreed to change its privacy related business practices and pay a $632,500 fine to resolve […]
Oracle Health Confirms Data Breach
A class action lawsuit has been filed against Oracle Corporation in the U.S. District Court for the Western District of Texas in association with a January 2025 data breach. After initially denying that it suffered a security breach, in an April 7th email Oracle officially notified customers that its healthcare […]
In Case You Missed It: OCC Confirms Permissible Cryptocurrency Services for Covered Banks
Earlier this month, the Office of the Comptroller of the Currency (OCC) issued a new interpretive letter (Interpretive Letter 1183) confirming the types of cryptocurrency activities national banks and federal savings associations may engage in. The new interpretive guidance is part of a change in the approach of the federal […]
Utah’s Age Verification Law – Potential to be First for the Nation
Earlier this month, Utah’s legislature passed SB 142, the App Store Accountability Act (the “Act”), which requires app stores to impose age verification measures on app downloads. The Act, which as of publication of this article is currently awaiting Gov. Spencer Cox’s signature, pits social media companies against app store providers, such […]