Frida Alim
Associate
Biography
Frida Alim is an Associate in the Los Angeles office of Buckley LLP, where she assists banks, fintechs, and other nonbank financial institutions on transactional, licensing, regulatory compliance, and state and federal supervisory examinations and enforcement matters. Her transactional work includes mergers and acquisitions, consumer-facing disclosures and agreements, and vendor agreements. Ms. Alim’s regulatory practice focuses on privacy and cybersecurity.
Representative matters include:
- Advising clients on compliance with state and federal privacy and data security laws, including counseling on compliance with Gramm-Leach-Bliley Act (GLBA), the California Consumer Privacy Act (CCPA), the California Shine the Light Law, and other state privacy laws, and drafting privacy policy disclosures to comply with state and federal privacy laws
- Conducting an assessment of a credit reporting agency’s policies, procedures, and practices for compliance with the Fair Credit Reporting Act (FCRA), including a comprehensive evaluation of the agency’s protection of consumer data and identity theft services
- Advising a market place lender on compliance with the FCRA and the Equal Credit Opportunity Act (ECOA)
- Drafting and negotiating loan purchase and service provider agreements
- Preparing comprehensive multi-state surveys on license-related topics, including fair lending requirements and disclosure requirements
- Advising lenders on reporting obligations under the Home Mortgage Disclosure Act (HMDA)
Prior to joining Buckley, Ms. Alim worked at an intellectual property litigation firm in San Francisco. She was also previously a fellow at the Electronic Frontier Foundation, where she worked on data privacy matters. Ms. Alim received her J.D. from the University of California, Berkeley, School of Law in 2016. During law school, she served as the Symposium Editor for the Berkeley Journal of International Law. Ms. Alim received her B.A. from the University of California, Los Angeles, in 2012.
Publications
"6 key ways the California Privacy Rights Act of 2020 would revise the CCPA" by Amanda R. Lawrence, Sherry-Maria Safchuk, Frida Alim, Garylene D. Javier, and John Georgievski (Corporate Compliance Insights)
The California Consumer Privacy Act (CCPA), the state’s landmark privacy regulation, became effective only eight months ago – and yet, the California Privacy Rights Act of 2020 (CPRA), a modified version of the CCPA, has garnered enough support to appear on the November 2020 ballot in California...
Articles"Data security best practices for licensed lenders' telework" by Sherry-Maria Safchuk, James C. Chou, and Frida Alim (Law360)
State-licensed/registered brokers, lenders and servicers have increased their focus on data security as the spread of COVID-19 has extended work-from-home orders, and what now seems to be a lasting acceptance of remote work means that the tools used to secure data will remain relevant when the...
Articles"Ruling on anti-hacking law may guide fair lending tests" by Jeffrey P. Naimon, H Joshua Kotin, and Frida Alim (Law360)
Regulators, consumer groups, academics and private litigants are grappling with the fair lending implications of the credit models powering the explosive growth in online lending by banks and financial technology firms. The U.S. District Court for the District of Columbia in late March concluded...
Articles"A new era of FCRA scrutiny for consumer data furnishers" by Jessica L. Pollet and Frida Alim (Law360)
Furnishers provide information to consumer reporting agencies on over 1.3 billion consumer credit accounts or other tradelines each month, with the three largest national consumer reporting agencies holding the personal information of over 200 million consumers. Given the extent of the consumer...
Articles"Commercial lenders brace for consumer-style disclosures in California and beyond" by Clinton R. Rockwell, Kathryn L. Ryan, Moorari K. Shah, and Frida Alim (Equipment Leasing & Finance Magazine)
In September 2018, California became the first state to enact commercial financing legislation requiring consumer-style disclosures similar to those required for consumer loans under the federal Truth in Lending Act (TILA) and Regulation Z. Senate Bill 1235, the common shorthand for the new statute...
Articles"Equipment finance: Understanding licensing obligations" by Kathryn L. Ryan, Moorari K. Shah, and Frida Alim (Equipment Leasing & Finance Magazine)
Licensing Considerations, Generally The applicability of state licensing laws may depend on multiple factors, including transaction structures, business entity types and whether the activities are appropriately classified as “commercial” or another type of non-consumer transaction. Although the...
ArticlesC-Suite Financial Services Review: Doing your diligence: Monitoring of portfolio companies
Federal regulators have historically shied away from pursuing claims against private equity and venture capital firms for the activities of portfolio companies, but enforcement actions brought by the Consumer Financial Protection Bureau and the Department of Justice within the last year signal a...
C-Suite Review"The Home Mortgage Disclosure Act: Common compliance challenges" by Sherry-Maria Safchuk and Frida Alim (The Review of Banking & Financial Services)
Since 2015, financial institutions have been inundated with reviewing and implementing numerous changes to the Home Mortgage Disclosure Act (“HMDA”) as required by the Dodd-Frank Act. The act transferred HMDA rulemaking authority to the Bureau of Consumer Financial Protection (“Bureau”), added new...
Articles
Education
- J.D., University of California, Berkeley, 2016
- B.A., University of California, Los Angeles, 2012
Admissions
- California