Guest article contribution by Joann Needleman and Ann Lemmo of Clark Hill Law. Cash may be king, but credit is power. More people are relying on credit cards as their main source of payment. Businesses have responded by making credit card payments easier and more accessible, including in paying off debt. However, the reliance on credit cards has also made …
Credit Card Compliance: Marriott Credit Card Breach Lessons
Last updated March 2023 Beginning as early as 2014, Starwood hotels, now owned by Marriott, experienced a massive credit card data breach reportedly at the hands of Chinese hackers. The data breach may have exposed the personal information of as many as 500 million guests of the hotel chain.Impact of a Credit Card BreachOnce the news of this breach became …
How To Comply with EFTA Regulation E: Legal Experts Explain
Last updated April 2023 Regulation E is a well-known, but often confusing regulation found within the Electronic Fund Transfer Act (EFTA). The EFTA was put in place to protect consumers who make payments via an electronic transfer.What is the Electronic Funds Transfer ActThe Electronic Funds Transfer Act (EFTA) (15 USC 1693 et seq.) of 1978 is intended to protect individual …
