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CFPB Urges States to Act on Consumer Financial Data Protection

The CFPB issued a report on State Consumer Privacy Laws and the Monetization of Consumer Financial Data, which examines existing privacy protections for consumers’ financial data under federal and state laws. The report finds that there are gaps in the protection of consumer financial information where state privacy laws contain exemptions for data covered by federal…

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CFPB Finalizes Personal Financial Data Rights Rule

The CFPB has finalized a rule promoting a shift toward open and decentralized banking by requiring depository and nondepository entities to make certain data relating to consumers’ transactions and accounts available to consumers and authorized third parties.

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DOJ and FTC Secure $2.95 Million Settlement for Alleged CAN-SPAM Act Violations

The U.S. DOJ settled with Verkada Inc., a cloud-based building security company that sells security cameras and other physical security products, to resolve allegations that its data security and email practices violated the FTC Act and the Controlling the Assault of Non-Solicited Pornography and Marketing Act of 2003 (CAN-SPAM Act). The complaint, filed by the…

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