The Office of the Comptroller of the Currency (OCC) reported cumulative trading revenue of U.S. commercial banks and savings associations of $15.8 billion in the second quarter of 2024. The second quarter trading revenue was $218 million, or 1.4 percent, more than in the previous quarter and $2.2 billion, or 16.0 percent, more than a year earlier.
The Federal Trade Commission is taking action against Invitation Homes, the country’s largest landlord of single-family homes, for an array of unlawful actions against consumers, including deceiving renters about lease costs, charging undisclosed junk fees, failing to inspect homes before residents moved in, and unfairly withholding tenants’ security deposits when they moved out.
On September 4, the California Privacy Protection Agency (“CPPA”) issued an Enforcement Advisory cautioning businesses against the use of “dark patterns” in their consumer-facing user interfaces. The California Consumer Privacy Act (“CCPA”) defines the term “dark pattern” as “a user interface designed or manipulated with the substantial effect of subverting or impairing user autonomy, decision making, or choice” when asserting their privacy rights or consenting.
MC2 Data and similar companies run public records and background check services. These services gather, compile, and analyze data from a wide range of public sources, including criminal records, employment history, family data, and contact details.
On September 13, 2024, the Colorado Attorney General’s (AG) Office published proposed draft amendments to the Colorado Privacy Act (CPA) Rules. The proposals include new requirements related to biometric collection and use (applicable to all companies and employers that collect biometrics of Colorado residents) and children’s privacy. They also introduce methods by which businesses could seek regulatory guidance from the Colorado AG.
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