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Pennsylvania Enacts Tax Bill as Part of Budget Package
  • Reed Smith LLP
  • USA
  • July 14 2016

Pennsylvania has enacted tax law changes projected to generate $752M in new revenue. The changes include severe restrictions on the vendor sales tax


PCI Council Reacts Again to Data Security Threats
  • Reed Smith LLP
  • USA
  • May 17 2016

Responding to the increasingly significant threats to customer payment information, the Payment Card Industry Security Standards Council (‘PCI SSC’


Are You Prepared for Your Vendor’s Data Breach?
  • Reed Smith LLP
  • USA
  • May 13 2016

Ever since the Target and Home Depot breaches were traced to intrusions at their vendors, the management of cybersecurity at third-party vendors has


OCC Issues FinTech White Paper Indicating Openness to 'Responsible Innovation'
  • Reed Smith LLP
  • USA
  • April 1 2016

On March 31, 2016, the Office of the Comptroller of the Currency ("OCC") issued its much-anticipated white paper on the growing intersection between


Following its Settlement with Wyndham, the FTC Launches Wide Scale Inquiry Into PCI Compliance Audits
  • Reed Smith LLP
  • USA
  • March 15 2016

In December 2015, the Federal Trade Commission (FTC) settled a drawn-out civil action it brought against Wyndham Worldwide Corporation (Wyndham) for


OCC Announces Shift in Enforcement Policy: Increased Focus on Internal Risk Management and Personal Liability of Bankers
  • Reed Smith LLP
  • USA
  • March 10 2016

The Office of the Comptroller of the Currency, the primary federal regulator for most large banks, recently issued a new policy on agency


CFPB Takes First Action Against Company for Lax Data Security Practices
  • Reed Smith LLP
  • USA
  • March 7 2016

The Consumer Financial Protection Bureau ("CFPB") has announced its first data security enforcement action. On Wednesday (March 2), the CFPB released


Cybersecurity & Other Risks: OCC Outlines Key Examination Areas for 2016
  • Reed Smith LLP
  • USA
  • December 18 2015

On December 16, 2015, the Office of the Comptroller of the Currency (OCC) issued its semiannual risk assessments for federally chartered financial


Target agrees to $39 million settlement with credit card issuers’ data breach claims
  • Reed Smith LLP
  • USA
  • December 3 2015

Still recovering from its 2013 data breach, Target Corp. agreed to a $39 million settlement with a class of banks suing the well-known retailer


New York Department of Financial Services previews upcoming cybersecurity regulations for banks and insurers
  • Reed Smith LLP
  • USA
  • November 16 2015

Anthony Albanese, the head of the New York Department of Financial Services, issued a letter to more than 20 federal and state regulators outlining