As subscription models have gained exponential traction, legislatures are clamoring to ensure that their auto-renewal laws keep up with novel consumer protection issues. Several states have introduced or revised their auto-renewal laws, and the Federal Trade Commission has affirmed its
Morrison & Foerster LLP
We collaborate across a global network of 17 offices located in key technology and financial centers in the United States, Asia, and Europe. Our clients include some of the largest financial institutions, Fortune 100 companies, and leading technology and life sciences companies. We also represent investment funds and startup companies, and over the years have supported many in their growth and development as leading industry players and household brands.
Website:
https://www.mofo.com/
Morrison & Foerster LLP Blogs
Blog Authors
Latest from Morrison & Foerster LLP
FinCEN Issues a Proposed Beneficial Ownership Rule
On December 7, 2021, the Financial Crimes Enforcement Network issued a Notice of Proposed Rulemaking to implement the beneficial ownership information reporting provisions of the Corporate Transparency Act, which was contained in the Anti-Money Laundering Act of 2020. The Proposed Rule addresses…
Facebook rebrands as “Meta;” disables facial recognition capabilities
In late October, Facebook announced that it would change its name to Meta, signaling a shift of the social media giant’s focus toward the metaverse, a virtual space where social media, gaming, augmented reality, virtual reality, and cryptocurrencies…
District Court Enjoins Controversial Texas Social Media “Censorship” Law
Over the past several years, Section 230 of the Communications Decency Act, the federal law that provides social media platforms with immunity from liability for user content and was once hailed as “the law that gave us the modern…
Social Links: Embedding social media posts can be considered copyright infringement…but is it?
Social Links is our ongoing series here at Socially Aware that rounds up current developments at the intersection of social media, policy, research, and the law.
Embedding social media posts can be considered copyright infringement…but is it?
A Manhattan federal…
New “Two-Click Cancellation” Button – German Exceptionalism for Subscription Terminations
As part of the new Fair Consumer Contracts Act, [Gesetz für Faire Verbraucherverträge; published in the Federal Gazette (Part I) no. 53/2021, p. 3433 et seq., full text publicly available (in German) Germany will soon require specific…
CFPB Releases Fifth Report on the Consumer Credit Card Market
On September 29, 2021, the Consumer Financial Protection Bureau released its fifth biennial report on the consumer credit card market. The Report summarizes the impact of the Credit Card Accountability Responsibility and Disclosure Act on the consumer credit card market. The Bureau issued the…
CFPB Issues Small Business Data Collection Proposed Rule
On September 1, 2021, the Consumer Financial Protection Bureau (CFPB or “Bureau”) issued its long-awaited small business lending data collection proposed rule (“Proposed Rule” or “Proposal”). The Proposed Rule would implement Section 1071 of the Dodd-Frank Act, which amended the…
Federal Banking Regulators Release Guide for Community Banks Conducting Due Diligence on Fintech Companies
On August 27, 2021, the Federal Reserve Board, the FDIC and the OCC (the “Agencies”) jointly released a guide titled “Conducting Due Diligence on Financial Technology Companies — A Guide for Community Banks” (the “Guide”), which is intended to help…
Clubhouse faces steep challenges in spite of new features and expanded access
Clubhouse, the former invitation-only social media darling that captured the attention of investors, social media early adopters, and competitors since its introduction in April 2020, now faces significant challenges as it strives to remain relevant and attract new and…