On June 10, the Federal Trade Commission (FTC) filed an amended complaint for civil money penalties and other relief under Section 5 of the FTC Act prohibiting “unfair or deceptive acts or practices” and Section 521 of the Gramm-Leach-Bliley Act (GLBA) prohibiting the use of fraudulent statements to obtain consumer information.
USA, Company & Commercial, Insolvency & Restructuring, IT & Data Protection, Sheppard Mullin Richter & Hampton LLP, Federal Trade Commission (USA), Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 (USA), Fair Debt Collection Practices Act 1977 (USA)
On March 25, 2020, the Senate passed an amendment to H.R. 748, the Coronavirus Aid, Relief, and Economic Security Act (as amended, the “CARES Act”), which (as of March 26, 2020) is being considered in the House.
The complete text of the current draft of the CARES Act can be found here.
USA, Banking, Insolvency & Restructuring, Sheppard Mullin Richter & Hampton LLP, Coronavirus, US Senate, US House of Representatives, CARES Act 2020 (USA)