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Understanding Data Breach Notification Laws Across Select U.S. States

In an increasingly digitized world, the security of personal information is paramount. Data breaches, unfortunately, have become a common occurrence, posing significant risks to individuals and businesses alike. To mitigate these risks, various states in the U.S. have enacted laws mandating notification procedures in the event of a data breach.

James Huber Featured in The Green Sheet: PayPal ruling lifts all digital wallets

March 29, 2024, ruling by a federal judge ended a four-year debate between PayPal Holdings Inc. and the Consumer Financial Protection Bureau over digital wallet and prepaid card fee structures and disclosures. Judge Richard L. Leon of the U.S. District Court for the District of Columbia agreed with PayPal that digital wallets are materially different than “general purpose reloadable (GPR) cards” and should not be held to the same regulatory standards. James Huber, partner at Global Legal Law Firm, praised the decision, stating it reflects improved communications between the payments industry and the U.S. government’s judicial branch.

Understanding the Potential Impact of Capital One’s Acquisition of Discover

On February 20, 2024, Capital One Financial Corporation (“Capital One”) shook the financial landscape by announcing its ambitious plan to acquire its rival, Discover Financial Services (“Discover”), in a landmark $35.3 billion all-stock transaction . This proposed merger, if approved by regulators, will herald the convergence of two giants in the credit card industry, promising significant implications for consumers, businesses, and the broader financial and electronic payments ecosystem.

CFPB Final Rule on Credit Card Late Fees

A young woman manages her credit card account online on her laptop.

The new final rule, which applies only to large credit card companies, allows only an imposition of an $8 fee on late payment of fees. Now, what is the difference between a larger credit card company versus a smaller credit card company? This is a very important thing to note because the new final rule only applies to a larger credit card company. A large credit card company is any company or any issuer, which has more than a million accounts.

New York’s New Surcharge Law: What You Need to Know

Navigating the intricacies of the Law can be complex, but our law firm is here to assist you every step of the way. Whether you are a business seeking guidance on compliance with the Law or a consumer who believes their rights have been violated, we offer expert legal counsel and representation.