Insights on FCRA

expiration, FACTA, FCRA, franchisee, franchisor, receipt, vicarious liability

Vicarious Liability May Be Used to State a FACTA Claim

By InfoLawGroup LLP on May 01, 2012

Vicarious liability may be used to state a claim under the FACTA provision prohibiting a retailer from printing a credit card expiration date on a receipt. See Keith v. Back Yard Burgers of Nebraska, Inc., No. 8:11-CV-135 (D. Neb. Apr. 13, 2012). According to the court, only one other unreported decision had addressed a franchisor's vicarious liability under FACTA.

Big Data, Brill, DNT, Do Not Track, FCRA, FTC, Nihar Shah, OBA, privacy, privacy enforcement, Segalis, targeting, tracking

FTC Looks to Link Do-Not-Track, Big Data Privacy Concerns; Seeks Solutions

By InfoLawGroup LLP on March 15, 2012

Nowadays, a news story on privacy is out of place if it doesn't mention Do-Not-Track (known as "DNT") or Big Data. While these hot topics represent key concerns for privacy professionals, advocates and regulators, there is no clear agreement on what they mean or how to address the privacy issues they raise. In this post, we consider recent developments on these topics, including how the Federal Trade Commission has sought to focus on and connect these new issues.DNT or DNC DNT is in the midst of a multi-faceted identity crisis, starting with a disagreement over the definition of DNT. Self-regulatory organizations and the advertising industry assert that DNT stands for "Do Not Target," referring to the use of consumer data for the purposes of targeted advertising. The FTC, buoyed by privacy advocates, appears to take the view that DNT means not only "Do Not Target" but also "Do Not Collect" (DNC). FTC Commissioner Brill elaborated at the 2012 IAPP Summit that she doesn't view the current DNT efforts as entirely sufficient because the choice DNT offers does not give consumers appropriate protection against what Brill characterized as "limitless, unmitigated" data collection. But Brill does not argue for wholesale implementation of DNC, and has indicated that the details of the implementation of DNT/DNC will continue to remain a key focus for the FTC.

data brokers, data protection, David Vladeck, Fair Credit Reporting Act, FCRA, Federal Trade Commission, FTC, FTC consent, InfoLawGroup, information law group, personal information, privacy enforcement, Segalis, Teletrack

FCRA Violations Result in $1.8 Million FTC Penalty

By InfoLawGroup LLP on June 26, 2011

The Federal Trade Commission announced today that Teletrack, Inc. has agreed to pay $1.8 million to settle charges that the company sold credit reports for marketing purposes, in violation of the Fair Credit Reporting Act (FCRA). According to the FTC's complaint, Teletrack sells credit reports and other services to businesses that mainly serve financially distressed consumers. Teletrack's business customers include pay day lenders, rental purchase stores and non-prime rate auto lenders. These businesses use Teletrack's credit reports to decide whether and on what terms to extend credit to their customers.

Boris Segalis, FCRA, Federal Trade Commission, fines and penalties, FINRA, FTC, FTC consent, FTC Federal Trade Commission HIPAA HITECH FCRA GLB InfoLawGroup Information L..., GLB, HHS, HIPAA, InfoLawGroup, information law group, privacy enforcement, privacy rule, Section 5

February Brings a Privacy Enforcement Storm: HHS, FTC and FINRA Act

By InfoLawGroup LLP on February 22, 2011

This month, federal agencies and FINRA have announced significant privacy enforcement actions that have resulted in millions of dollars in fines. The U.S. Department of Health and Human Services (HHS) imposed a $4.3M fine on a health plan for violations of the HIPAA Privacy Rule; the Federal Trade Commission (FTC) settled with several resellers of consumer reports allegations that the resellers failed to adequately safeguard consumer information; and FINRA imposed a $600K fine on two securities firms for failure to safeguard access to customer records. Here are the details:

Boris Segalis, creditor, FACTA, FCRA, FTC, FTC Red Flags Rule, identity theft, identity theft prevention program, Info Law Group, InfoLawGroup, information security, Red Flags

House and Senate Enact Amendment of FCRA, Limit Scope of Red Flags Rule

By InfoLawGroup LLP on December 07, 2010

The Blog of Legal Times is reporting that late on December 7, 2010 the House of Representatives passed a bill on a voice vote that amends the definition of "creditor" in the Fair and Accurate Credit Reporting Act (FCRA) and, as a result, dramatically limits the scope of the Red Flags Rule. The House bill is identical to the legislation enacted by the Senate last week. We previously covered in detail on our blog both the House bill and the Senate bill.The legislation has the effect of largely limiting the applicability of the Red Flags Rule to financial institutions and entities commonly understood to be "creditors". It will generally exclude from the Rule's scope organizations whose "credit" activities are limited to providing a product or service and allowing customers to pay for the product or service at a later time. The legislation leaves open the possibility that the FTC would bring various types of creditors within the scope of the Rule through rulemaking. However, it sets a procedural threshold for expanding the scope of the Rule and appears to require the determination to be specific to the type of creditor. "When I think of the word 'creditor,' dentists, accounting firms and law firms do not come to mind," said Rep. John Adler (D-N.J.), speaking on the House floor.

Boris Segalis, creditor, enforcement, FACTA, FCRA, Federal Trade Commission, FTC, identity theft, identity theft prevention program, privacy, Red Flags

Lame Ducks Tackle Red Flags; Relief is in Sight

By InfoLawGroup LLP on December 07, 2010

Last week, the U.S. Senate adopted by unanimous consent a bill (S. 3987) that would limit the scope of the Federal Trade Commission's Red Flags Rule by amending the Fair Credit Reporting Act's (FCRA's) definition of "creditor." The Senate bill is identical to the bipartisan House proposal we covered in detail in our blog on November 22, 2010.Both bills have been referred to the House Committee on Financial Services. Given that the House and Senate are now on the same page with respect to the Red Flags Rule, there is a good chance that this proposal will become law before the FTC begins enforcing the Rule on December 31, 2010. The bills seek to largely limit the applicability of the Red Flags Rule to entities commonly understood to be "creditors". They would generally exclude from the Rule's scope organizations whose "credit" activities are limited to providing a product or service and allowing customers to pay for the product or service at a later time.

creditor, enforcement, FACTA, FCRA, Federal Trade Commission, FTC, identity theft, identity theft prevention program, privacy, Red Flags

FTC's Red Flags Rule Slated to Take Effect - Congress Tries Another Fix

By InfoLawGroup LLP on November 22, 2010

The Federal Trade Commission's latest delay in enforcing the Identity Theft Red Flags Rule is slated to expire on December 31, 2010. This fifth delay, which the FTC announced on May 28, 2010, was requested by members of Congress, who had been working to respond to the outcry over the FTC's broad interpretation of the Rule. In the latest legislative initiative, on November 17, 2010, representatives Adler (D-NJ), Broun (R-GA) and Simpson (R-IN) advanced a bill (HR 6420) that seeks to limit the scope of the FTC's Red Flags Rule by amending the Fair Credit Reporting Act's (FRCA's) definition of "creditor."

Boris Segalis, compliance, FACTA, FCRA, FTC, Red Flags

Appeals Court Considers Applicability of the Red Flags Rule to Attorneys

By InfoLawGroup LLP on November 16, 2010

Several news outlets are reporting today on the November 15, 2010 argument before the U.S. Court of Appeals for the D.C. Circuit on the applicability of the Federal Trade Commission's Identity Theft Red Flags Rule.The relevant part of the Rule implements Section 114 of the Fair and Accurate Credit Transactions Act (FACTA) and requires certain creditors to develop and maintain an identity theft prevention program designed to detect, prevent and mitigate fraud attempted or committed through identity theft. The FTC has taken the position that attorneys and law firms are within the scope of the Rule's definition of "creditor" to the extent they allow clients to pay for legal services after the services are preformed. The ABA successfully challenged the applicability of the Rule to attorneys before the D.C. District Court. The FTC appealed that ruling.

ABA, AMA, credit, creditor, defer, deferred, ECOA, FACTA, FCRA, FTC, Red Flags Rule

Physicians Seek Relief On Eve of FTC's Red Flags Enforcement Deadline

By InfoLawGroup LLP on May 23, 2010

As previously reported here, the Federal Trade Commission (FTC) is currently scheduled to commence enforcement of the FACTA Red Flags Rule (72 Fed. Reg. 63,718) on June 1, 2010. On Friday, only 10 days before the deadline, the American Medical Association, the American Osteopathic Association, and the Medical Society for the District of Columbia filed suit against the FTC in the United States District Court for the District of Columbia (AMA v. FTC, D.D.C., No. 1:10-cv-00843), following in the footsteps of similar lawsuits filed in the past year by the American Bar Association (ABA) and the American Institute of Certified Public Accountants (AICPA). The ABA, in a lawsuit filed last August (ABA v. FTC, No. 1:09-cv-01636-RBW), succeeded in obtaining an order (now on appeal) barring the FTC from enforcing the Red Flags Rule against lawyers. (There has been no ruling on the AICPA complaint filed last November.) Following is a discussion of the definitions ("creditor" and "credit") at the heart of the dispute, a summary of the positions taken by the FTC and the AMA with respect to application of the Red Flags Rule to physicians, and a brief review of the court's decision in ABA v. FTC.