Sen. Marco Rubio (R-Fla.) is the latest legislator to move forward with a bill to establish a national consumer data privacy law. His proposed American Data Dissemination (ADD) Act, uses the Privacy Act of 1974 as its framework.
Joe Mont
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Warren wants worker protections amid Sears bankruptcy
Sen. Elizabeth Warren (D-Mass.) has sent a letter to Eddie Lampert, chairman of Sears Holdings, asking him for “a long-term plan to protect workers” as the legendary retailer faces bankruptcy proceedings.
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House passes bills targeting insider trading, human trafficking
The House of Representatives has passed three bipartisan bills, previously advanced by the House Financial Services Committee, that aim to curb insider trading and human trafficking.
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Podcast: Compliance with new Opportunity Tax Zones rules
Qualified Opportunity Zones were created by tax reform legislation to incentivize investments in economically distressed communities. In this podcast, we discuss their complexities with Mayer Greenberg and Kevin Matz, tax experts and partners at Stroock & Stroock & Lavan.
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SEC starts slow post-shutdown process of returning to normalcy
As the government reopens after a month-long shutdown, the SEC is among the agencies returning to normal operations. Companies, however, should expect to vie for assistance on a “first come, first served” basis.
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CFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
Posted inRisk Management
Deloitte: financial institutions reengineer risk management
Financial institutions are beginning new efforts to reengineer their risk management programs and tap into emerging technologies, according to a survey conducted by Deloitte Global.
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McHenry pushes for financial services hearings, Deutsche Bank records
Rep. Patrick McHenry (R-N.C.), the Republican leader of the House Financial Services Committee, has announced a series of hearings he wants before the Committee. He is also escalating document demands from scandal-plagued Deutsche Bank.
Posted inRisk Management
Q&A: A view of bank risk from the battlefield
Compliance Week talked with Stuart Brock, director of Seal Software, about the risks faced by banks—not the least of which is third-party due diligence.
Posted inRisk Management
Banks less anxious about risk, but should they be?
Wolters Kluwer’s “Regulatory & Risk Management Indicator” says two-thirds of financial institution executives continue to describe high levels of compliance-related regulatory risk, even if their level of anxiety over those risks has decreased.