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October 2009
Federal Court Dismisses Data Breach Class Action Brought Against J.P. Morgan Chase Based on Federal Preemption
This article discusses a recent New York district court case holding that the Fair Credit Reporting Act (FCRA) requirements for data disposal will preempt similar state laws, thereby making it more clear that financial institutions may be able to rely upon the federal data disposal requirements for credit report information without regard to the growing number of state data disposal laws.