On March 2, 2016, the Consumer Financial Protection Bureau (“CFPB”) instituted its first data security enforcement action, in the form of a consent order against online payment platform Dwolla, Inc....more
3/10/2016
/ Consent Order ,
Consumer Financial Protection Bureau (CFPB) ,
Data Security ,
Dodd-Frank ,
Dwolla ,
Enforcement Actions ,
FinTech ,
Online Payments ,
Personally Identifiable Information ,
UDAAP ,
Unfair or Deceptive Trade Practices
Companies in receipt of a civil investigative demand (CID) from the Consumer Financial Protection Bureau (CFPB) are required to take a number of quick and important actions and make decisions that can have significant impact...more