On-line marketers that share their customers’ credit or payment card information with other business partners without the consumer’s knowledge or active consent – a practice referred to as a “data pass” – may wish to read a recently published BNA Privacy & Security Law Report titled “Scrutiny on Payment Card Data Pass: Raising the Profile
Merchant Billing & Payment
Update: California Supreme Court Agrees to Review Issue of Whether Collecting Customer Zip Codes and Reverse Data Mining for Additional Customer Information Violates California’s Song-Beverly Credit Card Act
By Kelley Drye on
If you or your company collect zip codes in California as part of a loyalty program or otherwise, and reverse data mine for additional customer information, you should be aware that the California Supreme Court recently granted a petition to review the issue of whether a retailer violates California’s Song-Beverly Credit Card Act if, in…
Layaway Making a Comeback? Retailers Beware
By Kelley Drye on
Posted in Merchant Billing & Payment
With so much of the economy still struggling, credit harder to come by, and consumers being more conservative with their spending, various commentators have suggested that layaway programs are poised to make a comeback. However, retailers should be careful before implementing layaway programs, especially if they are doing so on a national basis.
Several states…
Welcome to the Consumer Financial Services Blog
Which among the following businesses are potentially subject to consumer financial services laws, rules, and regulations?
A. a retail clothing chain
B. a bank or mortgage company
C. an internet retailer
D. a fast food franchisor
E. all of the above
If you answered E, “All of the above,” you are CORRECT. However, many companies do not…