Boris Segalis writes: The Blog of Legal Times is reporting that late on December 7, 2010 the House of Representatives passed a bill on a voice vote that amends the definition of “creditor” in the Fair and Accurate Credit Reporting Act (FCRA) and, as a result, dramatically limits the scope of the Red Flags Rule. The…
Category: Legislation
US Senate Votes to Exempt Some Professions from from ‘Red Flags Rule’
Rachel M. Zahorsky reports: The American Bar Association came one step closer today to halting an attempt by the Federal Trade Commission to regulate the practice of law when the U.S. Senate unanimously voted that the commission’s “red flags rule” doesn’t apply to lawyers. The legislation at issue, which seeks to curb identity theft among…
Dutch Bill Proposes Data Breach Notification Requirements and Revised Cookie Regime
In a move toward implementation of the EU e-Privacy Directive, on November 3, 2010, the Dutch Minister of Economic Affairs submitted a bill to the Dutch Parliament that would amend the Dutch Telecommunications Act to obligate telecom and internet service providers to provide notification of data security breaches, and require consent for the use of cookies (the…
Smaller companies challenged to comply with Massachusetts’ data privacy rules
Jill Gambon reports: Eight months after the state’s tough, new data privacy regulations went into effect, many businesses are still sorting through the rules and working to bring their firms into compliance. The regulations, which went into force in March, are intended to protect a consumer’s personal information from identity theft and other privacy breaches…
New FTC portal to assist businesses in complying with privacy and security laws
From the FTC’s press release: The Federal Trade Commission has a new Business Center at Business.ftc.gov that gives business owners, attorneys, and marketing professionals the tools they need to understand and comply with the consumer protection laws, rules, and guides the FTC enforces. The Business Center provides practical, plain-language guidance about advertising, credit, telemarketing, privacy, and a host…
Proposed S.3898 Amendment to the Electronic Fund Transfer Act Would Shift Risk of Loss to Banks
Richard L. Santalesa writes: Just a step below widows and orphans on the sympathy scale, at least when it comes to ripoffs and theft, sit school districts, boards and local municipalities. And in a era of tight budgets, when school districts are robbed of tax monies from halfway around the world via ACH/wire fraud, state…