Banking Sector, Financial Institutions, Identity Theft

Second Circuit sides with bank in FCRA case

Orrick, Herrington & Sutcliffe LLP on 6/9/2025

On May 28, the U.S. Court of Appeals for the Second Circuit affirmed a judgment issued by a district court judge in U.S. SDNY dismissing a plaintiff-appellant’s claims under the FCRA for allegedly failing to reasonably...more

Identity Thief Impersonates DFPI

Allen Matkins on 10/12/2021

It seems that no one's identity is immune from theft, including financial regulators. Last week, the California Department of Financial Protection & Innovation announced that it received a complaint from a California...more

Privacy & Cybersecurity Update - December 2018

Skadden, Arps, Slate, Meagher & Flom LLP on 1/4/2019

In this month's edition of our Privacy & Cybersecurity Update, we examine the European Commission's second annual review of the Privacy Shield and the Department of Commerce's guidance on how to comply with the Privacy Shield...more

Hacker arrests and prosecutions update

Robinson+Cole Data Privacy + Security Insider on 10/30/2015

We previously reported that alleged Ukranian hacker Sergey Vovnenko, also known as “Flycracker,” “Fly” and “Darklife” was extradited from Italy, arrested and charged in New Jersey federal court for his part in disbursing the...more

Feds continue to prosecute hackers

Robinson+Cole Data Privacy + Security Insider on 10/15/2015

Sergey Vovnenko, a Ukrainian hacker, was charged in New Jersey federal court this week for wire fraud conspiracy, unauthorized computer access and aggravated identity theft for allegedly hacking into networks of financial...more

CFPB Continues to Target Add-On Credit Products

Carlton Fields on 10/6/2015

The Consumer Financial Protection Bureau (CFPB) has stepped up its enforcement actions alleging deceptive and unfair practices in marketing and billing for add-on credit protection products. Add-on products have been one of...more