With identity theft a widespread issue in the financial services industry, banks and ARM companies are under increased pressure to ensure consumers’ sensitive identification, contact, and financial information is kept safe. In fact, a number of recent state and federal laws and regulations codify certain requirements for handling financial data. Firms in the ARM industry must adhere to a host of standards, including the Payment Card Industry Data Security Standard (PCI DSS), the financial privacy and safeguards rules in the Gramm–Leach–Bliley Act (GLBA), the FTC’s Red Flags Rule for identity theft, information security standard ISO 27002, HIPAA and the HITECH Act for the healthcare sector, and the Federal Information Security Management Act of 2002 (FISMA) for those collecting on government contracts. Auditing standard SAS 70 is also required for many in the financial services industry that use outside vendors such as debt collection agencies.
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Credit Eco To Go: Data, Data Everywhere...
7 December 2021
11th Circuit Issues Substitute Opinion in Hunstein; Will Dissent provide Key for Defense Against Copycats?
29 October 2021
Eastern District of New York Dismisses Six Hunstein Copy-Cat Cases; Questions Hunstein’s Viability After TransUnion
26 July 2021
Colorado Enacts Comprehensive Consumer Data Privacy Legislation
14 July 2021
Debt Collector in Hunstein Tells 11th Circuit that New SCOTUS Opinion Supports Request for Rehearing
28 June 2021
California Updates: Privacy Protection Agency Holds First Meeting; DFPI issues FAQs regarding State Licensing; and DFPI Commissioner Steps Down
22 June 2021
Second Circuit Ruling Clarifies When Data Breach Plaintiffs Have Adequately Plead Article III Standing
12 May 2021
ICYMI: New York DFS Settles With Mortgage Lender for Failing to Report Data Breach
13 April 2021
AMCA Enters 21 Million Dollar Settlement with States
17 March 2021
Mass. Releases Webinar on Examination and Legislation Strategy for Debt Collectors
21 January 2021
FTC Announces Two Information Privacy and Data Security Enforcement Actions
19 January 2021
CFPB Taskforce Report (Part 2): The 19 Focus Areas and 102 Recommendations of Volume 2
7 January 2021
Consumer Data Rulemaking Underway at CFPB: Here Are Four Things Your Company Should Know
28 October 2020
Isolating the Most Important Data Security Events: A Conversation with Brian McManamon
23 June 2020
Data Privacy and Security: What’s Next for Debt Collectors?
10 October 2019
Data Privacy Laws: Is Your Business Ready for What’s Coming?
31 July 2019
Capital One Latest to Be Caught in Data Breach, Affecting 100M Consumers
30 July 2019
CFPB, FTC, and State AGs Settle with Equifax over 2017 Data Breach
22 July 2019
OIG: CFPB’s Internal Complaint-Sharing Tools Effective, but Concerns Over Protecting Sensitive Data
11 July 2019
Data Breach Saga Continues: AMCA Files for Chapter 11 Bankruptcy
18 June 2019