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Jan 9, 2025 | 
jdsupra.com | Ethan G. Ostroff |Kim Phan
On January 8, the Consumer Financial Protection Bureau (CFPB) officially recognized Financial Data Exchange, Inc. (FDX) as the first standard-setting body under the Personal Financial Data Rights promulgated rule under Section 1033 of the Dodd-Frank Act.
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Dec 13, 2024 | 
jdsupra.com | Kim Phan
On December 9, the Consumer Financial Protection Bureau (CFPB or Bureau) announced the launch of a rulemaking process addressing credit reporting on survivors of domestic violence, elder abuse, and other forms of financial abuse. The CFPB’s Advance Notice of Proposed Rulemaking is in response to a petition submitted by the National Consumer Law Center and the Center for Survivor Agency and Justice.
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Nov 18, 2024 | 
jdsupra.com | Robyn Lin |Kim Phan |Ronald I. Raether
On November 12, the Consumer Financial Protection Bureau (CFPB) released a new report titled, “State Consumer Privacy Laws and the Monetization of Consumer Financial Data.” The report provides an overview of the state comprehensive privacy laws, such as the California Consumer Privacy Act, enacted in recent years, and analyzes the various exemptions in these state privacy laws for certain federal financial privacy laws, such as the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting...
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Oct 23, 2024 | 
lexology.com | Keith Barnett |James Kim |Ethan G. Ostroff |Kim Phan |Jesse Silverman |Carlin McCrory
Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) issued its final rule on personal financial data rights, purportedly aimed at enhancing consumer control over their financial data and promoting competition in the financial services industry.
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Sep 28, 2024 | 
sandiegouniontribune.com | Kim Phan
At a time when we are all feeling the pinch of high costs, this isn’t the time to pass a ballot measure that will increase the price for everything we buy. By forcing an increase in the minimum wage, Proposition 32 will do just that — make things more expensive for all of us. We opened our first small restaurant on Convoy Street 17 years ago, and, chasing our dream, we have opened two more locations since then.
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Sep 26, 2024 | 
jdsupra.com | Ethan G. Ostroff |Kim Phan
On September 24, the Consumer Financial Protection Bureau (CFPB or Bureau) announced a significant development in its efforts to implement open banking rules in the United States. The Bureau has initiated a public comment process for the first application from an organization seeking recognition as an open banking standard-setter.
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Sep 16, 2024 | 
lexology.com | James Koenig |Laura Hamady |Joel Lutz |Tracey E. Diamond |Alison Grounds |Kim Phan | +2 more
Using AI in HR - Hire or Hover? Hiring executives are asking if the compliance costs and discrimination risks outweigh the anticipated benefits of using artificial intelligence (AI) tools for hiring and employment-related activities. Troutman Pepper has been monitoring this rapidly evolving issue, including current and anticipated legal requirements as well as the emerging best practices companies are implementing.
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Sep 11, 2024 | 
insidearm.com | Kim Phan |Stefanie Jackman
In this episode of FCRA Focus, host Kim Phan is joined by fellow Troutman Pepper partner Stefanie Jackman and Michelle Macartney, managing partner and chief compliance officer at Bridgeforce. Together, they delve into the complexities of reporting collections activity to consumer reporting agencies. Michelle shares her extensive experience in consumer reporting compliance, offering valuable insights into the challenges and best practices for maintaining data accuracy and handling disputes.
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Sep 5, 2024 | 
lexology.com | Chris Willis |Kim Phan
Click here to listen to the audio. In this episode of The Consumer Finance Podcast, Chris Willis is joined by privacy Partner Kim Phan and Rami Haddad, deputy general counsel at PRA Group. This episode delves into a range of emerging privacy issues impacting the financial services industry. The discussion covers the evolving landscape of state privacy laws, the implications of the new Colorado AI law, and the challenges posed by online tracking technologies.
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Aug 29, 2024 | 
lexology.com | Kim Phan |Stefanie Jackman |Chris Willis
Click here to listen to the audio. In this special crossover episode of The Consumer Finance Podcast and FCRA Focus, host Kim Phan is joined by fellow Troutman Pepper partner Stefanie Jackman and Michelle Macartney, managing partner and chief compliance officer at Bridgeforce. Together, they delve into the complexities of reporting collections activity to consumer reporting agencies.
