Friday, May 18, 2012

BNA INSIGHTS: Review of 2010 Bank Enforcement Actions: A Hardened Government Attitude

May 10, 2011 in Banking Report · Leave a Comment 

The number of formal enforcement actions issued by the federal banking agencies exploded again in 2010, following a record setting year in 2009 in which the federal banking agencies issued more than 1000 formal enforcement actions for the first time…

FTC-Google Pact: First Major Safe Harbor Action, First Privacy by Design Requirement

The Federal Trade Commission’s proposed administrative consent agreement with Google Inc. over the internet giant’s alleged misuse of user data during the launch of its now-abandoned Buzz social network yielded a number of firsts—including the FTC’s first action against a firm for failing to live up to privacy promises…

Obama Administration, in Major Policy Shift, Seeks ‘Privacy Bill of Rights’

In a significant privacy rights strategy shift, the Obama administration March 16 for the first time called on Congress to pass “privacy bill of rights” legislation to protect consumers…

BNA INTERVIEW: FTC’s Vladeck Sees Game-Changing Proposals in Agency’s Privacy Report

While much of the discussion around a recently-unveiled Federal Trade Commission staff report on privacy has focused on a proposed “do-not-track” mechanism for the internet, the document contains other game-changing recommendations, according to David Vladeck, director of the FTC’s Bureau of Consumer Protection.

Supreme Court Defers to Fed Brief in Credit Card Case; Ruling May Ease Litigation Threat for Banks

January 25, 2011 in Banking Report · Leave a Comment 

A Jan. 24 ruling by the U.S. Supreme Court may be good news for bankers who worried that an older credit card regulation could come back to haunt them (Chase Bank USA N.A. v. McCoy, U.S., No. 09-329, 1/24/11).
In a unanimous decision, the court ruled for Chase Bank USA N.A., rejecting class claims that the bank should have alerted James A. McCoy and other…

OUTLOOK 2011: Administration Seeks New Privacy ‘Framework’ for Commercial Activities

The Obama administration is expected this year to finalize the blueprint for a new U.S. privacy “framework” governing business practices that involve the collection, use, and sharing of consumers’ personal data online.
The plan is expected to guide federal policymakers as they grapple with the challenge of protecting consumers’ privacy in the…

LEGISLATIVE OUTLOOK: Privacy Could Be Bipartisan Agenda Item in Divided Congress

In what is expected to be a year of partisan gridlock on Capitol Hill, Republicans and Democrats will likely find common ground on the need for a serious examination of online privacy issues, laying the groundwork for…

BNA INSIGHTS: FTC Releases Draft Privacy Report: Analysis and Implications for 2011 and Beyond

Last week, the Federal Trade Commission (FTC or Commission), by a vote of 5-0, released its long-awaited staff report on privacy, “Protecting Consumer Privacy in an Era of…

FTC Stands by Self-Regulatory Approach in Long-Awaited Consumer Privacy Report

The Federal Trade Commission continued its support for online industry self-regulation on consumer privacy matters in a long-awaited report issued Dec. 1, making no calls for new federal legislation for additional regulatory or…

Privacy Will Be on House Agenda in Next Congress, Republican Leaders Say

House GOP leaders on privacy issues said Nov. 3 that passage of internet consumer privacy legislation will be on the agenda in the new Republican controlled lower chamber of the…

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