The Securities and Exchange Commission (“SEC”) adopted new regulations this year that took effect September 5, 2023, and require disclosure of a “material” cyber-attack in all annual reports beginning December 15, 2023, and in all 8-K’s starting December 18, 2023.[1] 8-K Rules: Disclosures, Materiality, and Timing The SEC now requires […]
Technology & Intellectual Property Update
CFPB Keeps its Sights on Fees in Latest Enforcement Action
on Thursday, 21 December 2023 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
On December 7, the Consumer Financial Protection Bureau (“CFPB”) announced that it was taking action against Atlantic Union Bank over practices the CFPB says misled consumers into enrolling in overdraft services without the proper disclosures. The end result of the action is a $1.2 million penalty owed by Atlantic Union […]
CFPB Fines Online Lender $15 million in a New Consent Order
on Wednesday, 29 November 2023 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Earlier this month, the Consumer Financial Protection Bureau (“CFPB”) leveled a $15 million dollar penalty against online lender Enova in connection with what the CFPB characterized as widespread illegal conduct. The order follows a 2019 order from the CFPB against Enova that resulted in a $3.2 million penalty. At issue […]
Annual Breach Report
on Wednesday, 29 November 2023 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
The information contained in this report is a summary of the data collected by a variety of sources regarding data breaches. By studying the breach reports submitted to various government agencies we can draw conclusions surrounding breaches over the past year, including: the type of breaches being used by hacking […]
Meta calls for Federal Privacy Legislation in Wake of Suit Alleging Its Violation of Children’s Privacy Law
on Wednesday, 29 November 2023 in
Technology & Intellectual Property Update: Arianna C. Goldstein, Editor
Last month we covered the lawsuit brought by the attorneys general of thirty-three states against Meta for claims that its hugely popular social media platforms, Instagram and Facebook, violate the federal children’s privacy law, COPPA, as well as state laws pertaining to unfair and deceptive trade practices. Over the last […]
