Posted in: Trademarks and Copyrights
If you’ve been following the Social Media Law Firm online, you know that we think social media is great! You can connect with potential clients, promote your business to a specific audience, and catch up with friends and family. But social media also carries its own risks. Let’s say you find a post you love […]
Continue ReadingPosted in: Trademarks and Copyrights
If you have your own business and are active on social media, you might be wondering if you can trademark a hashtag for your company. As an experienced trademark attorney, this is a question I’ve come across many times, and the answer depends on how you’re using the hashtag. Let me break it down for […]
Continue ReadingPosted in: Social Media Compliance
Targeted ads on Facebook have helped many businesses hone in on specific markets and design their advertisements to speak to only those audiences. This tool makes it easier for businesses to reach people who are more likely to use their products or services; however, when it comes to banking and housing, there’s a fine line […]
Continue ReadingPosted in: Social Media Compliance
We tried to warn you. Last year, when Facebook announced that it was allowing banks to target people based on their demographics when promoting credit products, real estate, or employment-related posts, we predicted that this practice would violate the Equal Credit Opportunity Act. Now, as part of a legal settlement, Facebook is changing its advertising […]
Continue ReadingPosted in: Social Media Compliance
Has your bank or credit union been accurately preserving the content it’s been posting on social media? If not, you may be in violation of FFIEC social media guidance, and that can spell big trouble for your financial institution. Banks are often surprised to learn that they must archive their social media content and […]
Continue ReadingPosted in: Social Media Compliance
When it comes to the FFIEC social media guidance for banks and credit unions, your financial institution needs to ask itself an important question – are we in compliance? While social media is an awesome method of promoting your products and services, you also need to comply with the law. Sometimes you are required […]
Continue ReadingPosted in: Social Media Compliance
Key Highlights What FFIEC social media guidance is and why it matters for regulated financial institutions. How banks and credit unions are expected to manage social media compliance risk. The seven core components of an FFIEC-aligned social media risk management program. Common compliance gaps identified during regulatory examinations. Practical steps banks and credit unions can […]
Continue ReadingPosted in: Social Media Compliance
In today’s online environment, banks and credit unions need to have a social media presence to be successful. But using these platforms can expose your financial institutions to serious social media legal risks. After all, your social media activity is subject to the same regulations that apply to the financial industry as a whole, including […]
Continue ReadingPosted in: Social Media Compliance
In today’s day and age, banks and credit unions need a social media presence to engage their customers and their local communities. But many financial institutions are afraid to use social media because they are unsure how the law applies to their online activities – and more specifically – how to comply with FFIEC Social […]
Continue ReadingPosted in: Social Media Compliance
If you’re posting about savings accounts on social media, then you better comply with the Truth-in-Savings Act and Regulation DD. In other words, there are specific disclosures and disclaimers that must be used to help consumers make informed choices about your terms and conditions. Find out if you are in compliance. What is the Truth […]
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