Technology & Intellectual Property Update

In an aggressive expansion of its regulatory oversight of the financial services market, the Consumer Financial Protection Bureau (“CFPB”) announced last month its intent to use dormant authority within the Dodd-Frank Act to begin supervising non-banks (including fintech and crypto companies) that the CFPB has reasonable cause to determine pose […]

Connecticut has joined California, Colorado, Utah, and Virginia in passing a comprehensive consumer data privacy law that establishes obligations for businesses that collect and process the personal data of Connecticut residents.  The Connecticut Data Privacy Act (the “Act”) was signed by Governor Ned Lamont on May 10, 2022.  The new […]

Business Email Compromise (“BEC”) frauds have once again become a major threat for businesses. This method took a backseat to other more sophisticated scams for the last two years, but the scheme has been reinvigorated, once again taking center stage. The FBI issued a Public Service Announcement on May 4, […]

Utah Adopts Consumer Privacy Act On March 24, 2022, Utah Governor Spencer Cox signed the Utah Consumer Privacy Act (the “Act”) into law. The Act makes Utah one of only a handful of states to adopt comprehensive consumer privacy legislation. While several states have seen privacy laws proposed this year, […]

Lessons from the CFPB’s Enforcement Action against TransUnion On April 12, the Consumer Financial Protection Bureau (“CFPB”) filed charges against TransUnion over the credit reporting agency’s alleged deceptive marketing practices, which the CFPB charges violated a prior 2017 consent order between the CFPB and TransUnion. Among other things, the CFPB’s […]