Financial privacy laws in the United States

FTC Authorizes Investigations into Key Enforcement Priorities

Retrieved on: 
Thursday, July 1, 2021
Consumer protection, Corporate crime, Federal Trade Commission, Economy, The Nader Report on the Federal Trade Commission, Financial privacy laws in the United States

The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.

Key Points: 
  • The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.
  • Specifically, the resolutions direct agency staff to use compulsory process, such as subpoenas, to investigate seven specific enforcement priorities.
  • The FTC Act authorizes the Commission to use compulsory process in its investigations.
  • Each omnibus authorizes investigations into any competition or consumer protection conduct violations under the FTC Act.

FTC Authorizes Investigations into Key Enforcement Priorities

Retrieved on: 
Thursday, July 1, 2021
Consumer protection, Corporate crime, Federal Trade Commission, Economy, The Nader Report on the Federal Trade Commission, Financial privacy laws in the United States

The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.

Key Points: 
  • The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.
  • Specifically, the resolutions direct agency staff to use compulsory process, such as subpoenas, to investigate seven specific enforcement priorities.
  • The FTC Act authorizes the Commission to use compulsory process in its investigations.
  • Each omnibus authorizes investigations into any competition or consumer protection conduct violations under the FTC Act.

FTC Authorizes Investigations into Key Enforcement Priorities

Retrieved on: 
Thursday, July 1, 2021
Consumer protection, Corporate crime, Federal Trade Commission, Economy, The Nader Report on the Federal Trade Commission, Financial privacy laws in the United States

The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.

Key Points: 
  • The Federal Trade Commission voted to approve a series of resolutions authorizing investigations into key law enforcement priorities for the next decade.
  • Specifically, the resolutions direct agency staff to use compulsory process, such as subpoenas, to investigate seven specific enforcement priorities.
  • The FTC Act authorizes the Commission to use compulsory process in its investigations.
  • Each omnibus authorizes investigations into any competition or consumer protection conduct violations under the FTC Act.

Tenant Background Report Provider Settles FTC Allegations that it Failed to Follow Accuracy Requirements for Screening Reports

Retrieved on: 
Tuesday, December 8, 2020
Articles, Business, Business process, Tenant screening, Economy, Background check, Fair Credit Reporting Act, Financial privacy laws in the United States

In addition, the FTC alleges AppFolio also violated the FCRA by including eviction or non-conviction criminal records more than seven years old in its reports.

Key Points: 
  • In addition, the FTC alleges AppFolio also violated the FCRA by including eviction or non-conviction criminal records more than seven years old in its reports.
  • AppFolio and all background screening agencies must follow reasonable procedures to ensure that the background reports that they provide to their customers are as accurate as possible.
  • Under the FCRA, companies that provide tenant screening background reports on consumers are required to follow reasonable procedures to ensure the maximum possible accuracy of those reports and are prohibited from reporting certain obsolete information.
  • The FTC alleges that AppFolio failed to implement procedures to adequately review the accuracy of the information it received from its vendor before including the information in background reports.

Tenant Background Report Provider Settles FTC Allegations that it Failed to Follow Accuracy Requirements for Screening Reports

Retrieved on: 
Tuesday, December 8, 2020
Articles, Business, Business process, Tenant screening, Economy, Background check, Fair Credit Reporting Act, Financial privacy laws in the United States

In addition, the FTC alleges AppFolio also violated the FCRA by including eviction or non-conviction criminal records more than seven years old in its reports.

Key Points: 
  • In addition, the FTC alleges AppFolio also violated the FCRA by including eviction or non-conviction criminal records more than seven years old in its reports.
  • AppFolio and all background screening agencies must follow reasonable procedures to ensure that the background reports that they provide to their customers are as accurate as possible.
  • Under the FCRA, companies that provide tenant screening background reports on consumers are required to follow reasonable procedures to ensure the maximum possible accuracy of those reports and are prohibited from reporting certain obsolete information.
  • The FTC alleges that AppFolio failed to implement procedures to adequately review the accuracy of the information it received from its vendor before including the information in background reports.

FTC releases agenda for Safeguards Rule virtual workshop

Retrieved on: 
Monday, July 6, 2020
United States federal banking legislation, Prevention, 106th United States Congress, Gramm–Leach–Bliley Act, Separation of investment and retail banking, Computer security, Security, Safety, Information security, FTC regulation of behavioral advertising, Financial privacy laws in the United States

The Gramm-Leach-Bliley Acts Safeguards Rule requires those institutions to develop, implement, and maintain a comprehensive information security program.

Key Points: 
  • The Gramm-Leach-Bliley Acts Safeguards Rule requires those institutions to develop, implement, and maintain a comprehensive information security program.
  • As part of its regulatory review process, the FTC has proposed changes to the Rule.
  • Join us on July 13, 2020, for Information Security and Financial Institutions: An FTC Workshop to Examine the Safeguards Rule, where FTC staff and guest speakers will explore the issues.
  • FTC attorney David Lincicum will open the workshop at 9:00 ET.

FTC Issues Two Reports Requested in Fiscal Year 2020 Spending Bill

Retrieved on: 
Friday, June 19, 2020
Law, Terms of service, Privacy law, Corporate crime, Federal Trade Commission, Information governance, Medical privacy, Internet privacy, Financial privacy laws in the United States, FTC fair information practice

The Federal Trade Commission submitted two reports that were requested by Congress as part of the fiscal year 2020 spending bill that funds the FTC and other agencies.

Key Points: 
  • The Federal Trade Commission submitted two reports that were requested by Congress as part of the fiscal year 2020 spending bill that funds the FTC and other agencies.
  • The reports outline the agencys work in the areas of consumer privacy and the use of potential additional resources.
  • The first report outlines how the FTC uses its current authority to protect consumer privacy and data security.
  • The second reportincludes an analysis measuring how the FTC has used its current authority to protect consumer privacy and data security and what additional resources would be needed to expand its efforts.

FTC Issues Two Reports Requested in Fiscal Year 2020 Spending Bill

Retrieved on: 
Friday, June 19, 2020
Law, Terms of service, Privacy law, Corporate crime, Federal Trade Commission, Information governance, Medical privacy, Internet privacy, Financial privacy laws in the United States, FTC fair information practice

The Federal Trade Commission submitted two reports that were requested by Congress as part of the fiscal year 2020 spending bill that funds the FTC and other agencies.

Key Points: 
  • The Federal Trade Commission submitted two reports that were requested by Congress as part of the fiscal year 2020 spending bill that funds the FTC and other agencies.
  • The reports outline the agencys work in the areas of consumer privacy and the use of potential additional resources.
  • The first report outlines how the FTC uses its current authority to protect consumer privacy and data security.
  • The second reportincludes an analysis measuring how the FTC has used its current authority to protect consumer privacy and data security and what additional resources would be needed to expand its efforts.

Axcella to Report Top-Line Data from AXA1125-003 in Adult Subjects with NAFLD on May 6, 2020

Retrieved on: 
Tuesday, May 5, 2020
Biotechnology, Pharmaceutical, Health, Clinical trials, Economy, Finance, Money, Credit, United States federal banking legislation, Personal finance, Fair Credit Reporting Act, Federal Trade Commission, Credit history, Credit bureau, Financial privacy laws in the United States, Axcella’s Clinical Studies, Axcella

To access the call via telephone, please dial 1-866-652-5200 (U.S. toll free) or 1-412-317-6060 (international) five minutes prior to the start time.

Key Points: 
  • To access the call via telephone, please dial 1-866-652-5200 (U.S. toll free) or 1-412-317-6060 (international) five minutes prior to the start time.
  • For those unable to listen in live, a webcast archive will be available on the companys website for 30 days following the call.
  • They are not designed or intended to evaluate a product candidates ability to diagnose, cure, mitigate, treat or prevent a disease.
  • Axcella uses its website, www.axcellahealth.com , as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD.

FTC Gives Final Approval to Settlement with Background Services Provider over Allegations Related to Privacy Shield

Retrieved on: 
Monday, March 23, 2020
Privacy law, Digital rights, Human rights, Information privacy, Identity management, Law, Social issues, EU–US Privacy Shield, Privacy, Internet privacy, FTC fair information practice, Financial privacy laws in the United States

The FTC alleged that T&M Protection Resources, LLC, which provides security and background check services, continued to claim participation in the EU-U.S. Privacy Shield after its certification lapsed.

Key Points: 
  • The FTC alleged that T&M Protection Resources, LLC, which provides security and background check services, continued to claim participation in the EU-U.S. Privacy Shield after its certification lapsed.
  • In addition, the company failed to verify annually that statements about its Privacy Shield practices were accurate and failed to affirm that it would continue to apply Privacy Shield protections to personal information collected while participating in the program.
  • As part of the settlement, T&M is prohibited from misrepresenting its participation in the EU-U.S. Privacy Shield framework, any other privacy or data security program sponsored by the government, or any self-regulatory or standard-setting organization.
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