FTC Announces 3.5 Million Dollar Settlement in FCRA Case

By | LXBN | August 20, 2013

On August 15, 2013 the Federal Trade Commission announced a settlement with Cetergy Check Services, Inc. (“Cetergy”) stemming from allegations that Cetergy violated various provisions of the Fair Credit Reporting Act (“FCRA”). The settlement agreement includes a $3.5 million civil penalty for “knowing violations … that constituted a pattern or practice of violations.”

SEC and CFTC Impose New Identify Theft Regulations Requiring Investment Advisory Firms to Consider Updates to Policies and Procedures

By | New Jersey Law Blog | April 30, 2013

On April 10, 2013, the Securities and Exchange Commission (“SEC”) and Commodity Futures Trading Commission jointly adopted and announced new identity theft red flag regulations, which are being imposed pursuant to their respective authority under Dodd-Frank Act and the Fair Credit Reporting Act (“FCRA”).