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Wiley Consumer Protection Download (December 21, 2020) | Wiley Rein LLP - Vimarsana News

Wiley Consumer Protection Download (December 21, 2020) | Wiley Rein LLP

To embed, copy and paste the code into your website or blog: Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeki...

FTC brings GLBA Safeguards Rule enforcement action against mortgage vendor | Ballard Spahr LLP - Vimarsana News

FTC brings GLBA Safeguards Rule enforcement action against mortgage vendor | Ballard Spahr LLP

On December 15th, the FTC announced in a press release that it had reached a settlement with a mortgage industry data analytics company to resolve allegations in the FTC’s administrative complaint that the company had failed to ensure one of its vendors was adequately securing personal data about tens of thousands of mortgage holders under the Gramm-Leach-Bliley Act (GLBA) Safeguards Rule.  In the press release, Andrew Smith, Director of the FTC’s Bureau of Consumer Protection, stated that “Oversight of vendors is a critical part of any comprehensive data security program, particular...