The California Privacy Rights Act (CPRA), also referred to as Proposition 24, came into effect on January 1, 2023. Don’t expect a total revision of the existing landscape, rather, it supplements the existing California Consumer Privacy Act (CCPA). The CPRA takes the data privacy rights of California consumers, initially established by the CCPA, a few…
The Mobile World Congress (MWC) 2023 offered a fascinating glimpse into the evolving realm of messaging technology with its ConnectMobile forum, held this year in Las Vegas. Within the spotlight were key stakeholders across the messaging ecosystem who convened to discuss essential strategies for maximizing messaging effectiveness and safeguarding consumers against unwanted interventions. Messaging is…
On September 21, 2023, the federal government of Canada proposed some significant alterations to the Competition Act (“the Act”). The proposed changes are a follow-up on the recent announcement by the Prime Minister that the government would introduce amendments to the Act with the intention of “boosting competition across the Canadian economy, with a focus…
The Consumer Financial Protection Bureau (CFPB) has embarked on a path to introduce new rulemaking structures to deal with several consumer reporting topics under the Fair Credit Reporting Act (FCRA). Accordingly, CFPB has made public an Outline of Proposals and Alternatives Under Consideration. These proposals have been crafted with intent to fortify consumer protection, enhance…
With a history rooted in the aftermath of the 2008 financial crisis, the task of enforcing federal consumer finance laws was consolidated into one agency, the Consumer Financial Protection Bureau (CFPB). The CFPB’s mandate was to safeguard consumers in the marketplace and, in part, regulate predatory financial products, akin to the high-risk mortgages that had…
In a time where artificial intelligence (AI) and intricate credit models are streamlining decision-making for lending institutions, it’s crucial to keep abreast of regulatory changes. This is especially true as these lending innovations elicit more scrutiny from regulatory bodies. Recently, on September 20, 2023, the Consumer Financial Protection Bureau (CFPB) released Circular 2023-03. The circular…
Privacy policies aren’t just a formality anymore; in today’s age of growing data-conscious consumers and tightening privacy regulations, they’ve become a must-have for every digital entity, especially business websites. So, if you thought it was just a link sitting idle in the footer of your website, it’s time to revisit your understanding of the issue….
In recent years, an ever-growing number of consumer privacy laws have been enacted in states throughout the U.S. The dynamic state of these laws present ongoing challenges for companies, particularly those operating across multiple states.As this continuously evolving landscape presents seemingly ceaseless updates and modifications, it becomes vital for in-house legal teams within multinational corporations…
In a swiftly changing media landscape, attorneys have a new tool to secure their own media coverage: bylined articles. Contrary to the diminishing impact of traditional media due to the proliferation of online information and the downsizing of editorial teams, the popularity of lawyer-generated content has expanded. The reason? The growth of content marketing. A…
A California federal judge has granted summary judgment to Qualcomm Inc. in the antitrust multidistrict litigation concerning the chip manufacturer’s “no license, no chips” policy. This case has attracted significant attention due to Qualcomm’s status as both a manufacturer of cellphone chips and a licenser of essential patents within the industry. The plaintiffs in the…
Our second weekly roundup for September 2023 presents a series of recent notable rulings in the realm of food and consumer packaged goods. Legal professionals working within this sector should take note of each ruling, making sure to update their strategies and stay ahead of legal changes in their respective fields. This concise report hopes…
In the latest episode of The Consumer Finance Podcast from Troutman Pepper, Partners Chris Willis and Glen Trudel provide an in-depth discussion on the recently released Interagency Guidance regarding third-party relationships. This final guidance, a collaborative effort from the Federal Reserve, the Federal Depository Insurance Corporation (FDIC), and the Office of the Comptroller of the…
In a significant recent judgment, a Federal court has ruled the Consumer Financial Protection Bureau (CFPB) cannot use its UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) authority to regulate discriminatory conduct. This decision has comprehensive implications on the extent and scope of the CFPB’s regulatory authority. As reported by JD Supra, the ruling arrives…
In an enlightening interview hosted on JD Supra, Professor Kimberly Neuendorf, a renowned authority on content analysis methods, provides a comprehensive look into content analysis: its definition, applicability, and factors contributing to its remarkable adoption. An accomplished faculty member of Cleveland State University, Neuendorf’s expertise revolves around how communication patterns shape audience and consumer preferences,…
Delaware recently joined thirteen other states in the United States by adopting a consumer data privacy act, as it steps towards ensuring its resident consumers have rights over their personal information. The recent move followed the path tweaked by none other than Florida that underscored the importance of residents’ data privacy. While Delaware’s Personal Data…
In the evolving landscape of US healthcare law, the No Surprises Act is one piece of legislation that has far-reaching influence on both service providers and consumers. Signed into law as part of the Consolidated Appropriations Act, 2021 (the Act), the initiative was enacted with the intention of protecting patients from unexpected medical billing. However,…
In a noteworthy regulation shift, the Consumer Financial Protection Bureau (CFPB) is reportedly initiating a rulemaking process with the intent to remove medical bill tradelines from consumer reports. This announcement was made on September 21, 2023. The CFPB is not just stopping there. It is also intending to prohibit creditors from relying on medical bills…
Reports have surfaced about a data breach incident involving debt collection company LCS Financial Services, which happened on September 22, 2023. The company has officially filed a notice of the event with the Attorney General of Montana. According to the declaration, LCS Financial Services discovered that hackers managed to infiltrate their computer system, leading to…
Disquiet continues to permeate the real estate industry in Montgomery County, as concerns and unanswered queries persist regarding the implementation of the Rent Stabilization Bill (15-23) signed into law by the County Executive on July 24, 2023. Despite months after its passing, consensus and operational clarity seem elusive, potentially casting unforeseen challenges for one of…
In a recent case, Westconnaug Recovery Co., LLC v. U.S. Bank N.A, the Rhode Island Supreme Court ruling had a firm stance against redemption, advocating for a strict compliance with the Rhode Island’s Tax Title Act. The Court claimed that any interested party contesting the validity of tax title should assert a statutory right to…
Land rights disputes are some of the oldest and most contentious forms of disagreement between neighbours. There have been countless instances where seemingly peaceful coexistence takes a sharp turn once issues relating to property boundaries and usage come to light. A typical scenario might play out like this: Imagine, for several years, you have been…
As legal professionals in an ever-evolving data-driven world, the need to stay informed of new laws and regulations pertaining to data protection is critically important. A law recently caught my attention, House Bill 1155, also known as the My Health My Data Act. Washington Governor Jay Inslee gave his endorsement to this bill and it…
In a legal landscape increasingly marred by distrust, misinformation, and disillusionment, a valiant voice has emerged ardently defending the interests of brands and their associated agencies. The author, a legal expert in the advertising and marketing industry, addressed the mounting challenges and possible solutions faced by these corporate entities in an insightful article on JD…
Recently, a significant gathering known as the Artificial Intelligence Insight Forum has kicked off with dozens of senators engaging in a series of confidential sessions. According to a report on JDSupra, these conversations are slated to host key industry stakeholders to deliberate on matters concerning AI regulation. The closed-door format suggests the significance and sensitivity…
On September 15, 2023, the Consumer Financial Protection Bureau (CFPB) issued a detailed outline of its proposal to put forward a rule under the Fair Credit Reporting Act (FCRA). This rule seeks to regulate the consumer data collection and selling activities of data brokers, a group of businesses that have long been evading compliance under…