Welcome to the MoFo Tech Blog

MoFo Tech brings together legal insights and in-depth analyses on trends and complex issues shaping the global technology industry, covering fields such as blockchain and distributed ledger, cloud and SaaS technologies, driverless cars, drones, FinTech, computer hardware and software, the IoT, semiconductors, and telecommunications.

June 19, 2017 - Fintech

CFPB Proposes Changes to Prepaid Accounts Rule

The Consumer Financial Protection Bureau (CFPB) released proposed revisions to its final Prepaid Accounts Rule on June 15, 2017. The Final Rule was first published in November 2016 and later amended – delaying by six months its effective date to April 1, 2018. CFPB …›

March 24, 2017 - Privacy + Data Security

Can Border Agents Search Your Phone?

There have been numerous reports from individuals entering the U.S. of border agents searching their phones and laptop computers. Many of those individuals are U.S. citizens. Although these events have been in the news recently and appear to be on the rise, this practice …›

March 23, 2017 - Privacy + Data Security

New York Cybersecurity Regulations: What Do They Mean, and When Do They Mean It By?

The New York State Department of Financial Services (NYDFS) has released guidance for covered financial institutions regarding its cybersecurity rule (the “Cybersecurity Rule” or “Rule”) that took effect on March 1, 2017. While the guidance appears intended to assist covered financial institutions time approaches for …›

March 20, 2017 - Fintech, Litigation

Court Finds CFPB Case Against Payment Processor Lacking

A federal district court in North Dakota on March 17, 2017, dismissed a complaint against the payment processing company Intercept Corporation and its senior executives, holding that the evidence provided by the Consumer Financial Protection Bureau (CFPB) did not show any signs of Intercept’s …›