Financial Institutions, Data Security, Rulemaking Process

CFPB invites comments on new Section 1033 ‘open banking’ rule

Ballard Spahr LLP on 8/22/2025

As promised, the CFPB is issuing an Advance Notice of Proposed Rulemaking soliciting comments on the agency’s open banking rule....more

Open Banking is Coming to America

Seward & Kissel LLP on 11/18/2022

On October 27, 2022, the Consumer Financial Protection Bureau (“CFPB”) announced a new regulatory framework (“Framework”) governing “Personal Financial Data Rights,” or, by another name, “open banking.” Conceptually, open...more

Last Chance for Financial Companies to Weigh in On New FTC Data Security Standards

BCLP on 3/18/2019

For the first time in 17 years, the FTC is proposing significant increases to the information security standards which apply to those financial institutions that are regulated by the FTC and are not already subject to similar...more

FTC Seeks Comment on Proposed Changes to GLBA Implementing Rules

Hogan Lovells on 3/14/2019

The Federal Trade Commission (“FTC”) issued notices on March 5 seeking public comment on proposed amendments to the regulations implementing the Gramm-Leach-Bliley Act (“GLBA”), commonly known as the Safeguards Rule and...more

FTC Seeks Comment on Proposed Amendments to Safeguards and Privacy Rules

Ballard Spahr LLP on 3/8/2019

The FTC has proposed amendments to its 2003 Safeguards Rule and the 2000 Privacy Rule, applicable to financial institutions under the Gramm Leach Bliley Act (GLBA). ...more

Food and Beverage Law Update: June 2018

Holland & Knight LLP on 6/12/2018

Wage and Hour - Decision Upholds Class Action Waivers in Arbitration Clauses, Resolves Circuit Split - The U.S. Supreme Court issued a long-awaited decision in Epic Systems Corp. v. Lewis on May 21, 2018, holding that...more