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CFPB's First Data Security Action; Fines Online Platform Dwolla for Alleged Weak Security Practices
On March 2, the CFPB settled its first data security enforcement action against Iowa-based Dwolla Inc. Launched as a startup in 2009, Dwolla is an online payment platform that enables customers to transfer money…
Scalia’s Death Leaves High Court in Limbo on Three Key Consumer Class Actions
While the sudden death of Supreme Court Justice Antonin Scalia creates an immediate vacancy on the bench, it also likely leaves the high court’s docket in limbo on a number of key consumer class actions awaiting the…
The Regulatory Landscape for Indirect Auto Lenders After Ally
In December 2013, the Consumer Financial Protection Bureau (CFPB) announced its first settlement in the indirect auto lending industry. The target company was Ally Financial Inc. and Ally Bank (Ally). The CFPB alleged…
Wyndham Agrees to Settle FTC Data Security Case
After four years of litigation, this past Wednesday, Wyndham Worldwide Corporation and three of its subsidiaries (collectively, “Wyndham”) settled the Federal Trade Commission’s (“FTC”) allegations that the global…
CFPB Obtains $13M FCRA Settlement with Employee Background Screening Providers
The CFPB recently initiated an enforcement action against General Information Services (GIS) and its affiliate, e-Background-checks.com, Inc. (BGC) for allegedly violating the Fair Credit Reporting Act (FCRA) by…