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Enforcement Action

CFPB Brings First Enforcement Action on Data Security

March 4, 2016 By Privacy, Cyber & Data Strategy Team

On March 2, the federal Consumer Financial Protection Bureau (CFPB) for the first time brought an enforcement action related to data security. The CFPB consent order imposes a $100,000 fine and five years of regulatory oversight for online payments provider Dwolla. The action sends a clear message that the CFPB intends to actively regulate the […]

Filed Under: Cybersecurity, Data Protection, Enforcement, Regulation Tagged With: Consumer Financial Protection Bureau, Dwolla, Enforcement Action

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