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CFPB Previews Upcoming Proposed Rules Under the FCRA That Will Address Artificial Intelligence
Recently, Rohit Chopra, the director of the Consumer Financial Protection Bureau (“CFPB”), shared remarks at a White House roundtable convened to address “harmful data broker practices.” Referring to data brokers as being part of the “surveillance industry,” Chopra announced forthcoming rulemakings that are intended to “ensure that modern-day digital data brokers are not misusing or…
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The Consumer Financial Protection Bureau Announces Sweeping Rulemaking for Companies That Collect and Furnish Personal Data
On August 15, 2023, the Consumer Financial Protection Bureau (“CFPB”) announced it was launching a rulemaking aimed at subjecting any company or entity that collects and sells consumer data to the Fair Credit Reporting Act (“FCRA”) by redefining data brokers as consumer reporting agencies and by clarifying the extent to which credit header data is…
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New SEC Rules Required Public Companies to Promptly Disclose Cyberattacks
On July 26, 2023, the Securities and Exchange Commission (the “SEC”) adopted rules requiring public companies to promptly disclose material cybersecurity breaches on Form 8-K and detailed information regarding their cybersecurity risk management and governance in their annual reports on Form 10-K. Such disclosures are to be made in new Item 1.05 of Form 8-K…
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Court Upholds Tornado Cash Sanctions; New Crypto Products Launch; IRS Proposes Digital Asset Regulations; Crypto Enforcement and Hacks Continue
District Court Upholds Tornado Cash Sanctions, DOJ Charges Founders – On August 17, a Texas federal court found that Tornado Cash, a crypto mixer (which obscures the source of crypto transactions) is an entity that can be sanctioned….By: BakerHostetler
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CVC Files Response and Reply Brief in Interference No. 106,115 Appeal
In its appeal from an adverse decision on priority by the Patent Trial and Appeal Board (PTAB) in Interference No. 106,115 (directed to CRISPR-mediated gene editing), Junior Party the University of California/Berkeley, the University of Vienna, and Emmanuelle Charpentier (collectively, “CVC”) filed on May 19th its Response and Reply Brief to earlier briefing by Senior…
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Mom’s Meals’ Parent Company Announces Data Breach Affecting Over 1.2 Million Consumers
On August 25, 2023, PurFoods, LLC, which is the parent company of Mom’s Meals, filed a notice of data breach with the Attorney General of Maine after discovering that an unauthorized party was able to access confidential consumer information that was being stored on the company’s computer network. In this notice, Mom’s Meals explains that…
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Blue Cross and Blue Shield of Illinois Files Notice of Recent Third-Party Data Breach
On August 14, 2023, Blue Cross and Blue Shield of Illinois (“BCBSIL”) filed a notice with the Attorney General of Maine describing a third-party data breach that occurred at HCSC Insurance Services Company. In this notice, BCBSIL explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes…
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CLEAResult Files Notice of Recent Data Breach Affecting Their SSNs
On August 23, 2023, CLEAResult filed a notice of data breach with the Attorney General of Massachusetts after discovering that confidential consumer data that had been entrusted to the company was subject to unauthorized access. In this notice, CLEAResult explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information,…
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Third District Court of Appeals Affirms Trial Court’s Decision Allowing a Fully Completed and Executed CMS Form 1500 to Serve as an “Itemized Statement” Pursuant to Florida Statute 627.736(5)(D)
Mercury Indem. Co. of Am. v. Pan Am Diagnostic of Orlando, No. 3D22-161, 2023 WL 3855482 (Fla. 3d DCA Jun. 7, 2023) – This appeal involved a suit for the payment of personal injury protection (PIP) benefits. The insured treated with Pan Am Diagnostic of Orlando and, in exchange, assigned her right to pursue PIP…
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The Generative AI Revolution: Key Legal Considerations for the Cannabis Industry
For better or worse, generative artificial intelligence (AI) is already transforming the way we live and work. Within two months of its initial release to the public, ChatGPT reached 100 million monthly active users, making it the fastest-growing consumer application in history. Other popular generative AI tools such as Canna-GPT, Github Copilot, and DALL-E offer…
