by Eric J. Ellman | May 6, 2024
In May 2024, there was a hearing in the Senate Commerce Committee’s Subcommittee on Consumer Protection, Product Safety, and Data Security. The hearing, Strengthening Data Security to Protect Consumers was called by the chair, Sen. John Hickenlooper (D-CO), and it...
by Eric J. Ellman | Oct 27, 2023
In October 2023, the FTC issued a press release noting a final amendment to the Safeguards Rule “that would require non-banking institutions to report certain data breaches and other security events to the agency.” In November 2021, the FTC issued a final...
by Eric J. Ellman | Aug 11, 2022
In August 2022, the CFPB issued a press release and circular on data security. The Bureau announced that it has “confirmed in a circular published today that financial companies may violate federal consumer financial protection law when they fail to safeguard consumer...
by Eric J. Ellman | May 18, 2005
In May 2005, the Subcommittee on Financial Institutions and Consumer Credit of the U.S. House Committee on Financial Services held a hearing, Enhancing Data Security: The Regulators’ Perspective. There were three witnesses: Robert M. Fenner, the General Counsel of the...
