January 2011

The deadline to submit comments in response to the Consumer Financial Protection Bureau (CFPB) Implementation Team’s notice to establish the “Consumer Inquiry and Complaint Database” is less than two weeks away. 
Title X of the Dodd-Frank Act establishes the CFPB to enforce federal consumer financial laws through rulemaking, supervision, and enforcement authority.  Dodd-Frank grants the

In testimony before a House Judiciary subcommittee on Tuesday, Jason Weinstein (Deputy Assistant Attorney General for the DOJ Criminal Division) emphasized the importance of data retention from internet and cell phone service providers in fighting crime.  He invited Congress to consider legislation that would strengthen data retention standards.  Weinstein offered several examples of federal and

According to a Federal Deposit Insurance Corporation survey of depository institutions, approximately 38 percent of institutions offer some form of remote deposit capture (RDC) service.  RDC enables a customer to deposit checks and other items electronically through the internet or the customer’s mobile phone.  The service was first authorized in 2004 when Congress passed the

We recently covered the Red Flag Program Clarification Act of 2010 in a blog post and client alert.  The Act was intended to narrow the scope of the Federal Trade Commission’s Red Flags rule, which imposes requirements on creditors and financial institutions to detect and deter identity theft.  Prior to the Act’s passage, the

The Washington Post has published an article describing a relatively new arena for behavioral advertising: your online bank statement.  Participating banks serve marketing to their customers based on the customer’s spending history.  These promotions may be particularly valuable to advertisers because they are targeted based on how a customer actually spends his or her money and because customers can

Multiple press outlets are reporting on remarks from Rep. Robert Goodlatte (R-Va.) regarding his intent to take up cybersecurity legislation during the 112th Congress.  In remarks at the 2011 State of the Net Conference, sponsored by the Congressional Internet Caucus, Goodlatte reportedly said that the Judiciary Committee should explore the use of “limited liability protections” as an incentive