White Paper

2 Pages
  • 2 Pages

CFPB Clarifies Abusiveness Standard in an Olive Branch to Financial Services Providers

 

Learn how the CFPB plans to define and enforce unfair, deceptive or abusive acts and practices.

The CFPB’s 2020 policy acknowledges the need for clarity and appears to be an olive branch to financial institutions to help find their way through this difficult and sometimes confusing area of the law. This white paper reviews the three principles behind this policy.

Agenda

Faculty

Adam V. Griffin

Adam V. Griffin

Adams and Reese LLP

  • Provides data privacy and security legal services for clients nationwide
  • Work includes incident response planning, regulatory and legal compliance, as well as incident and breach response
  • Background in information technology, he often interfaces with the technology and data security professionals within organizations to help most efficiently solve problems, plan for incidents, and ensure they are in compliance with applicable laws and regulations
  • Can be contacted at [email protected] or 601-292-0755
Amy L. Hanna Keeney

Amy L. Hanna Keeney

Adams and Reese LLP

  • Certified information privacy professional (CIPP/US) as well as a licensed attorney and counsels organizations of all sizes, including banks and financial services providers, regarding compliance with consumer privacy laws such as the Fair Credit Reporting Act (FCRA) and the Gramm-Leach-Bliley Act (GLBA)
  • Represented banks in the wake of the Dodd-Frank Wall Street Reform and Consumer Protection Act and counseled many of them through the rapid-fire CFPB-led changes to Regulations X and Z
  • Consults with app and software developers regarding compliance with state and federal privacy regulations, including biometric data regulations such as the Illinois Biometric Privacy Act (BIPA) and the federal Children’s Online Privacy Protection Act (COPPA)
  • Selected as a Rising Star by Georgia Super Lawyers magazine every year since 2017
  • Can be contacted at [email protected] or 470-427-3718

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