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This article is the first in a series that will address privacy concerns for insurance carriers, agents and brokers. The insurance industry is uniquely situated at the confluence of multiple [...]

This article was originally published by the American Resort Development Association (ARDA) in July 2024 as part of its Industry Insights monthly series and is republished here with permission. Insights [...]

On this episode of Ropes & Gray's California Law for Asset Managers podcast series, asset management partner Catherine Skulan is joined by data, privacy & cybersecurity partner Ed McNicholas to [...]

On May 15, the Securities and Exchange Commission adopted amendments to Regulation S-P, which covers broker-dealers, registered investment advisors (RIAs), and investment companies (funds). These entities are now required to [...]

The Federal Trade Commission took action under the FTC Act, the Restore Online Shoppers' Confidence Act and the Gramm-Leach-Bliley Act against bill payment company Doxo and its co-founders for allegedly [...]

On January 16, 2024, New Jersey became the 13th state to adopt a comprehensive data privacy law when Governor Phil Murphy signed into law Senate Bill 332, the New Jersey [...]

On December 21, 2023, the Financial Crimes Enforcement Network ('FinCEN') published its final rule setting forth the circumstances under which beneficial ownership information reported to FinCEN pursuant to the Corporate [...]

Beginning on May 13, 2024, nonbanking 'financial institutions' must notify the Federal Trade Commission ('FTC') within 30 days of discovering a data breach involving the nonpublic personal information of at [...]

On Friday, June 30, 2023, the Superior Court of California (Sacramento Division) delayed enforcement of regulations under the California Privacy Rights Act of 2020 ('CPRA') until one year after adoption [...]

We are pleased to introduce a new Ropes & Gray podcast series, California Law for Asset Managers, which explores California state laws of importance to asset managers. This series will [...]

COLUMBUS, OH -- The following information was released by the Ohio Society of CPAs: A Written Information Security Plan (WISP) is required by the FTC's Safeguards Rule of the Gramm-Leach-Bliley [...]

Introduction: the hidden cost of data In today's information-based economy, businesses increasingly find themselves transferring data containing personal information to or from vendors. As laws are enacted to control how [...]

On March 15th, the Securities and Exchange Commission ('SEC') issued a proposed rule to revise Regulation S-P ('Proposed Regulation S-P') which implements the privacy and security requirements of the Gramm-Leach-Bliley [...]

This month, Indiana passed its own privacy bill, Senate Bill 5 ('SB 5') for consumer data protection. SB 5 is now awaiting signature from Indiana Governor Eric Holcomb. Once signed [...]

Earlier this month, the Consumer Financial Protection Bureau (the 'CFPB') announced that it had issued a request for information ('RFI') seeking public comment on 'companies that track and collect information [...]

Last week, on March 15, 2023, the U.S. Securities and Exchange Commission ('SEC' or 'Commission') continued its aggressive push to regulate the cybersecurity of entities in the financial services sector, [...]

On March 15, 2023, the Securities and Exchange Commission (SEC) proposed three rule changes that demonstrate its continued focus on cybersecurity. One of these proposals, and the only one to [...]

Kentucky may soon join the growing number of states that have enacted data privacy legislation. On January 3, 2023, Senator Whitney Westerfield and Senator John Schickel introduced Senate Bill 15, [...]

ENPNewswire-March 6, 2023--ABA-Data privacy part 2: A patchwork of state laws (C)2023 ENPublishing - http://www.enpublishing.co.uk Release date- 03032023 - While the focus of each state has a unique flavor with [...]

The American Council of Life Insurers thanks the members of the House Financial Services Committee for their work on the Data Privacy Act of 2023. The bill is a good [...]

The financial services sector must already contend with a maze of regulations in a variety of areas, and 2023 is poised to usher in new cybersecurity regulations for the industry. [...]

Last year was significant in Illinois Biometric Information Privacy Act (BIPA) litigation, primarily because of the many 'firsts' that resulted, including the first-ever BIPA trial that resulted in a staggering [...]

Key Takeaways Fintech companies and other financial institutions (FIs) that are not otherwise subject to a federal functional regulator should be aware that significant updates to the Gramm-Leach-Bliley Act (GLBA) [...]

On November 15, the Federal Trade Commission (FTC) announced a six-month delay of the deadline by which companies must comply with recent amendments to its Standards for Safeguarding Customer Information [...]

While all companies should have robust cybersecurity programs with up-to-date technology and qualified Chief Information Security Officers (CISO), New Jersey financial companies, as well as certain real estate companies, have [...]

On September 20, 2022, the SEC announced settled charges and the imposition of a $35 million penalty against a dually registered investment adviser and broker-dealer (the 'Firm') for violations of [...]

Key takeaways: On September 20, 2022, the SEC announced settled charges and imposed a $35 million penalty against a dually registered investment adviser and broker-dealer (the 'Firm') for violations of [...]

It is a relentless battle to protect your data from hackers, fraudsters and even nation-states that commit cyberattacks against the financial services sector. Legal requirements for data security come from [...]

I. Introduction On September 15, 2022, the US Consumer Financial Protection Bureau ('CFPB' or 'Bureau') issued its long-anticipated report on the Buy Now Pay Later ('BNPL') industry (the 'Report'). The [...]

Washington, D.C: American Bankers Association has issued the following news release: The Consumer Financial Protection Bureau published a circular yesterday explaining that nonbank financial firms--such as fintech companies and credit [...]

The upshot, for busy people: The US Federal Trade Commission (FTC) has gotten creative since the Supreme Court held that the FTC cannot obtain monetary relief in connection with its [...]

Last week, the Federal Trade Commission (the 'FTC') released a final rule amending the Standards for Safeguarding Customer Information (commonly referred to as the 'Safeguards Rule') promulgated under the Gramm-Leach-Bliley [...]

On October 27, 2021, the FTC released its much-anticipated final revisions to the Gramm-Leach-Bliley Safeguards Rule (Safeguards Rule or Final Rule), following a 3-2 vote along party lines and also [...]