Policy

More Than 80% of Financial Institutions Are Not Prepared to Operate Under a Negative U.S. Interest Rates Environment, Risk Management Association Survey Reveals

Thursday, October 29, 2020 - 5:45pm

The paper lists six key reasons why negative rates could become a reality:

Key Points: 
  • The paper lists six key reasons why negative rates could become a reality:
    The Federal Reserve's statements do not rule out negative rates always and everywhere.
  • The paper also discusses reasons why a negative rates policy remains unlikely, the unintended consequences a negative rates policy could have, and the historical context of negative rates.
  • RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.
  • Headquartered in Philadelphia, Pennsylvania, RMA has 1,900 institutional members that include banks of all sizes as well as nonbank financial institutions.

LifeYield Unlocks $2.3B of Potential Lifetime Social Security Benefits in Q3 2020

Thursday, October 29, 2020 - 1:00pm

LifeYield LLC , the market leader in cloud-based solutions helping advisors maximize retirement income for their clients, today reports that advisors using LifeYields Social Security Advantage tool between July 1, 2020, and Sept. 30, 2020, have added an average of $130,000 per client household in potential lifetime Social Security benefits.

Key Points: 
  • LifeYield LLC , the market leader in cloud-based solutions helping advisors maximize retirement income for their clients, today reports that advisors using LifeYields Social Security Advantage tool between July 1, 2020, and Sept. 30, 2020, have added an average of $130,000 per client household in potential lifetime Social Security benefits.
  • The average reflects the difference between clients initial Social Security filing strategies and the optimal strategies generated by LifeYields Social Security Advantage tool.
  • The average of $130,000 per household in potential lifetime Social Security benefits identified in Q3 of 2020 speaks to the peace of mind advisors can deliver to clients with optimal filing strategies.
  • Since January 2020, LifeYield has identified approximately $7,662,819,070 in potential added Social Security benefits unlocked by advisors using its technology.

Revolve Group, Inc. to Announce Third Quarter 2020 Financial Results on November 11, 2020

Wednesday, October 28, 2020 - 1:53pm

Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers.

Key Points: 
  • Revolve Group, Inc. (RVLV) is the next-generation fashion retailer for Millennial and Generation Z consumers.
  • Our dynamic platform connects a deeply engaged community of millions of consumers, thousands of global fashion influencers, and hundreds of emerging, established and owned brands.
  • We sell merchandise through two differentiated segments, REVOLVE and FORWARD, that leverage one platform.
  • Through REVOLVE we offer a highly curated assortment of premium apparel and footwear, accessories and beauty products from emerging, established and owned brands.

LiveXLive To Acquire E-Commerce Merchandise Company Custom Personalization Solutions; CPS Recorded Approximately $19 Million In Revenue In 2019

Wednesday, October 28, 2020 - 1:00pm

Founded in 2012 and headquartered in Addison, IL, CPS is a group of fast-growing web-oriented businesses specializing in the merchandise personalization industry.

Key Points: 
  • Founded in 2012 and headquartered in Addison, IL, CPS is a group of fast-growing web-oriented businesses specializing in the merchandise personalization industry.
  • "The worlds of custom merchandise, real time fulfillment and social commerce driven by celebrity and influencers have collided to create a perfect storm.
  • LiveXLive represents the perfect partner for us to take advantage of this next wave," said Scott Norman, CEO of CPS.
  • The Company intends that all forward-looking statements be subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995.

Yes On Prop 24 Campaign Announces Female Leaders From Across California In Support Of Privacy Ballot Measure

Friday, October 23, 2020 - 1:14am

"I urge California voters to join me in the fight to protect consumers by voting YES on Prop 24, the California Privacy Rights Act," saidLieutenant Governor Eleni Kounalakis.

Key Points: 
  • "I urge California voters to join me in the fight to protect consumers by voting YES on Prop 24, the California Privacy Rights Act," saidLieutenant Governor Eleni Kounalakis.
  • "Prop 24 will hold corporations accountable when they sell and misuse our private information.
  • It will set the national standard for consumer privacy laws, and California voters should send that message loud and clear by voting YES on Prop 24."
  • "That's why I'm asking California voters to join me in voting YES on Prop 24, to strengthen privacy laws and to help protect our personal data."

TrustArc Announces Strong Company Momentum as Organizations Prioritize Privacy as a Strategic Focus

Thursday, October 22, 2020 - 2:00pm

SAN FRANCISCO, Oct. 22, 2020 /PRNewswire/ -- TrustArc , the leader in data privacy management and automation, showcased strong company momentum and customer growth over the last year.

Key Points: 
  • SAN FRANCISCO, Oct. 22, 2020 /PRNewswire/ -- TrustArc , the leader in data privacy management and automation, showcased strong company momentum and customer growth over the last year.
  • Customer adoption of the TrustArc Privacy Management Platform increased, and TrustArc strengthened its position as a leading provider of deep privacy intelligence with an expanded partner ecosystem and industry recognition.
  • "Companies are prioritizing privacy as a strategic corporate initiative that drives brand and business growth," said Chris Babel, CEO, TrustArc.
  • To learn more about how TrustArc helps companies put privacy first:
    As the leader in data privacy, TrustArc automates and simplifies the creation of end-to-end privacy management programs for global organizations.

Research Shows Teachers, Parents, Students Need More Support to Protect Privacy and Advance Digital Equity

Thursday, October 22, 2020 - 11:00am

The report, titled "Protecting Students' Privacy and Advancing Digital Equity," is based on significant data collection andoutlines steps education leaders and policymakers should take.

Key Points: 
  • The report, titled "Protecting Students' Privacy and Advancing Digital Equity," is based on significant data collection andoutlines steps education leaders and policymakers should take.
  • Additionally, leaders can reduce inequity through closing the digital divide while protecting privacy, and scale up the good practices of special educators, a standout from their peers, to protect all students.
  • "But as our research shows, safety and privacy are vital concerns, and the vast majority of teachers and parents support more online learning even after the pandemic.
  • With an increase in school-issued devices comes a greater need to ensure they are not violating student privacy.

European Data Protection Board - 40th Plenary session: Guidelines on Data Protection by Design & Default, Coordinated Enforcement Framework, Letter on Copyright Directive 

Wednesday, October 21, 2020 - 10:01pm

Following public consultation, the EDPB adopted a final version of the Guidelines on Data Protection by Design & Default.

Key Points: 
  • Following public consultation, the EDPB adopted a final version of the Guidelines on Data Protection by Design & Default.
  • The guidelines focus on the obligation of Data Protection by Design and by Default (DPbDD) as set forth in Art.
  • The core obligation enshrined in Art.25 is the effective implementation of the data protection principles and data subjects rights and freedoms by design and by default.
  • The EDPB adopted a letter in response to the Europische Akademie fr Informationsfreiheit und Datenschutz concerning the data protection implications of Art.17 of the Copyright Directive, in particular concerning upload filters.

Cisco Reports Privacy and Security Concerns Increase in Today's Remote World

Wednesday, October 21, 2020 - 1:00pm

Secure access and endpoint security continue to be a top challenge in enabling hybrid work environments going forward.

Key Points: 
  • Secure access and endpoint security continue to be a top challenge in enabling hybrid work environments going forward.
  • Cisco published two new global research studies that reveal an increase in consumer concern about data sharing during the pandemic and the security challenges organizations face supporting employees and customers in our remote-first world.
  • Investing in both security and privacy will prepare organizations and consumers for the "new normal" that is here to stay.
  • "The core privacy and ethical principles of transparency, fairness, and accountability will guide us in this new, digital-first world."

Equal Pay (Information and Claims)

Wednesday, October 21, 2020 - 1:00pm

Latest news on the Equal Pay (Information and Claims) Bill 2019-21

Key Points: 
  • Latest news on the Equal Pay (Information and Claims) Bill 2019-21

    The next stage for this Bill, Second reading,is scheduled to take placeon Friday 13 November 2020.

  • This is a Private Members'Billand was introduced to Parliament on Tuesday 20 October 2020 under the Ten Minute Rule.
  • If the text of the Bill is not yet available, please contact its sponsor, Stella Creasy MP, for more information.
  • Summary of the Equal Pay (Information and Claims) Bill 2019-21

    A Bill to make provision for a right for employees to obtain information relating to the pay of a comparator; to reform remedies and time limits relating to equal pay; to provide a right to equal pay where a single source can rectify unequal pay; to amend the statutory statement of particulars to include equal pay; to provide for requirements on certain employers to publish information about the differences in pay between male and female employees and between employees of different ethnic origins; and for connected purposes.