We have previously blogged on the FTC’s privacy report on “Protecting Consumer Privacy in an Era of Rapid Change” and the Department of Commerce’s Green Paper on “Commercial Data Privacy and Innovation in the Internet Economy: A Dynamic Policy Framework.” We have also published client alerts on the FTC report and the DOC green
January 2011
Consumer Financial Protection Bureau Publishes Notice of “Consumer Inquiry and Complaint Database”
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…
Department of Justice Calls for Enhanced Data Retention from Service Providers
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…
Remote Deposit Capture Services Present Opportunity and Risk
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…
Federal Trade Commission Provides Initial Interpretation of the Red Flags Clarification Act in Litigation with the American Bar Association
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…
Banks Explore Advertising On Customer Bank Statements
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…
Supreme Court Grants Review of Second Circuit Medical Privacy Ruling
On January 7, 2010, the U.S. Supreme Court agreed to review a Court of Appeals decision striking down Vermont’s prescription confidentiality law. The State of Vermont had petitioned the Supreme Court to review the case on December 13, 2010, after the Second Circuit ruled that the law constituted an impermissible restriction on commercial speech under the…
FTC Extends Deadline for Comments on Privacy Report
The FTC announced today that the deadline to submit comments on the preliminary staff report, “Protecting Consumer Privacy in an Era of Rapid Change: a Proposed Framework for Businesses and Policy Makers,” has been extended from January 31 to February 18. It is unclear whether the Department of Commerce, which is seeking comments on its own…
Stearns Is Reworking Draft Boucher-Stearns Online Privacy Bill
Earlier this week, Gerry Waldron discussed the 2011 outlook for online privacy legislation in the House, examining the impact that major changes to membership of the House Energy & Commerce Committee will have. We now know that, despite former Telecom Subcommittee chairman Rick Boucher’s loss in the November election, his influence may live on…
Goodlatte to Focus on Cybersecurity Legislation
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…