Regulation of consumer privacy, including the use of cookies and other tracking technologies, is top of mind for many state regulators, as evidenced by the recent adoption of 19 comprehensive state privacy laws in the past few years. New York has not yet adopted a comprehensive data privacy law.
The landscape of payments fraud is undergoing a shift as traditional detection methods become increasingly inadequate against sophisticated fraud schemes. Conventional rules-based systems, relying on static rules and predefined patterns, are falling short in adapting to the dynamic tactics of modern fraudsters.
We have recently blogged about two other actions in which this issue has been raised (one being a declaratory judgment action filed against the CFPB on July 23, 2024 in the E.D. Tex. and the other being an enforcement actionfiled in the N.D. Tex. in which a motion to dismiss was filed on July 31, 2024).
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans and new mortgages may tip those delinquencies higher.
And in the meantime, in the effort to combat those interest payment pressures, might it be the case that buy now, pay later loans see a wider embrace by U.S. households?
Twelve new state comprehensive data privacy laws are set to go into effect over the next two years as the United States continues to catch up to foreign jurisdictions like the European Economic Area (EEA), making a total of nineteen such state laws enacted to date.
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