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Mar 21, 2016

In this episode...


The FTC is getting into providing guidance on password changes


Dwolla hit by CFPB and fined $100,000

  • Who is the CFPB (Consumer Finance Protection Bureau)?
  • This opening sentence is crucial: "The Consumer Financial Protection Bureau (Bureau) has reviewed certain acts and practices of Dwolla, Inc. (Respondent, as defined below) and has identified the following law violations: deceptive acts and practices relating to false representations regarding Respondent’s data-security practices in violation of Sections 1031(a) and 1036(a)(1) of the Consumer Financial Protection Act of 2010 (CFPA), 12 U.S.C. §§ 5531(a), 5536(a)(1)"


FTC To Study Credit Card Industry Data Security Auditing


Bengladesh bank hackers steal ~$100M