2021 Year In Review: Financial Privacy Litigation And Developments Post-Ramirez

2021 has been a monumental year in many ways, and consumer financial privacy litigation and enforcement was no exception.  In the executive branch, the Biden Administration focused on strengthening individual privacy protections and limiting the disclosure of sensitive data.  Meanwhile, the Supreme Court's decision in TransUnion LLC v. Ramirez continues to have a long-lasting impact in the privacy class action sphere.  Read on to hear about some of the biggest changes in financial privacy in 2021, and what it means for individuals, businesses and litigants in the new year.

TransUnion LLC v. Ramirez Limits Article III Standing in FCRA Class Actions

The Supreme Court dramatically limited the availability of Article III standing for financial privacy litigations in TransUnion LLC v. Ramirez, 141 S. Ct. 2190 (2021).  In Ramirez, a putative class of individuals whose credit reports contained mistaken terrorist designations sued TransUnion under the Fair Credit