The EU Digital Operational Resilience Act (DORA) takes effect Jan. 17, 2025, and will impact EU financial institutions and their providers of technology-related services (ICT Third Party Service Providers). This webinar will provide a practical overview of the obligations that will apply to both in-scope financial institutions and ICT Third Party Service Providers and explore current

On Nov. 12, 2024, the Consumer Financial Protection Bureau (CFPB) released a report examining federal and state privacy protections for consumers’ financial data. In the report, the CFPB “critiques” the privacy protections available under the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting Act (FCRA), asserting that the federal framework has “limitations.” The CFPB then

On Oct. 22, 2024, the CFPB issued a final rule that will require covered financial institutions to provide consumers and authorized third parties with access and portability options for their financial data. The CFPB’s final rule, called the “Personal Financial Data Rights Rule,” implements Section 1033 of Title X of the Dodd-Frank Act, a to-date

On Nov. 9, 2022, the New York Department of Financial Services (NYDFS) issued a proposed second amendment to its 2017 cybersecurity regulation for financial service companies.[1] In July 2022, NYDFS issued a draft version of the changes, but the current amendment has significant changes. Most of the proposed changes will take effect 180 days

Go-To Guide:

  • The Safeguards Rule compliance deadline is delayed by six months
  • Eight subsections of the Safeguards Rule are affected by the delay
  • The new effective date for compliance is June 9, 2023
  • The FTC cited implementation challenges for small business as the reason for the delay.

On Nov. 15, 2022, the Federal Trade Commission

October is Cybersecurity Awareness Month! In this GT Bulletin, Shareholders Jena Valdetero and Kevin Scott highlight five key trends that should be top-of-mind for businesses and organizations to protect their data systems and remain in compliance with the various rules to which they are subject. Click here to watch the full GT Bulletin.

GT Shareholder Timothy A. Butler will deliver a “Regulatory Roundup” during a meeting for industry members at the Money Transmitter Regulators Association (MTRA) 2022 Annual Conference in Fort Worth, Texas. The presentation, beginning Sept. 20 at 1:15 p.m., will address how money services businesses (MSBs) can comply with the ever-changing set of data privacy

On Aug. 11, 2022, the U.S. Consumer Financial Protection Bureau issued guidance indicating that financial institutions and service providers that fail to adopt sufficient data security measures to protect consumer financial data may violate the Consumer Financial Protection Act provision prohibiting unfair acts and practices.

Click here to continue reading the full GT Alert.

Join us as we discuss significant financial services cases and trends from 2021 and risks and issues for companies to watch for in 2022, including movements in mass arbitrations and class actions. We will also share thoughts on how to narrow or eliminate these risks going forward.

Wednesday, Feb. 2, 2022
12-1 p.m. EST

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