Technology & Intellectual Property Update

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 […]

NIST Publishes Standards Aimed at Beginning to Address Bias in AI As the functionality and widespread use of AI increases, concerns regarding bias in the outcomes and predictions of these systems remain present.  Over the past several years AI has gained traction, and is used for prediction, classification, and recommendation.  […]

On March 16, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced it was updating its examination manual for supervised companies to provide broader protection to consumers from discrimination. Specifically, the CFPB’s announcement noted that while Government regulators and private plaintiffs have generally relied on fair lending statutes like the ECOA […]