All congress articles
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ArticleSenators waiving white flag on privacy law with request to FTC?
The request by a group of prominent Democratic senators that the Federal Trade Commission launch rulemaking on data privacy signals Congress is not close to passing a federal law anytime soon, experts say.
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ArticleHouse passes bill to restore FTC’s disgorgement authority
The Federal Trade Commission will have its power to seek disgorgement of ill-gotten gains restored, if a bill that passed the House becomes law.
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ArticleBiden signs off on repeal of OCC’s ‘true lender’ rule
President Joe Biden has signed Congress’ repeal of the Office of the Comptroller of the Currency’s “true lender” rule issued last year in the waning months of the Trump administration.
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VideoVideo: More scrutiny coming to data breach disclosures?
Aly McDevitt assesses controversial data breach disclosures from U.K. retailer FatFace and technology vendor Ubiquiti in light of a report Congress is considering stricter requirements for reporting data breaches.
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ArticleCongress passes defense bill with big ramifications for AML, whistleblowers
Congress’ defense spending bill approved Friday includes amendments that could dramatically alter the fight against money laundering, in addition to a new BSA whistleblower program with some kinks to be worked out.
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VideoVideo: Compliance pros, cons included in Congress defense spending bill
Beneficial ownership provisions contained in Congress’ defense spending bill should go a long way in the fight against money laundering, but holes in the bill’s proposed whistleblower program are open for criticism, says Aaron Nicodemus.
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ArticleTen things I’d like to see happen in 2021 (2020 in review)
Many of the things I’d like to see in 2021 are directly related to regulatory changes we anticipate are coming under a Biden administration, but they’re mixed with a few lessons from the pandemic we hope carry into a post-COVID world.
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ArticleTrump’s TikTok crusade a hollow win for privacy
There’s no questioning the need to protect the data of U.S. citizens from China, but it’s naïve to think pressuring TikTok to take up a U.S. owner is anything more than a hollow victory given our lack of federal oversight in the area of privacy.
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ArticleTumultuous U.S. leadership hurts image of compliance
If “tone at the top” is a benchmark for determining ethical leadership, where does the United States stand?
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ArticleContact tracing app development stunted by inaction in Congress
As federal officials dicker over details in a federal data privacy law, the coronavirus continues to spread. Development of a key technological tool in the fight is being kneecapped by their inaction.
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ArticleDo ethics truly pay? PPP fiasco may tell us
Just because a company can qualify for a government coronavirus aid loan doesn’t mean it should accept one—it could mean the difference between a successful brand and an unethical countenance.
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ArticleCECL delayed amid U.S. government’s coronavirus response
FASB’s controversial standard on credit losses was dealt two significant blows Friday as the U.S. government scrambles to respond to the financial impact of the escalating coronavirus pandemic.
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ArticleHouse considers creating PCAOB whistleblower program
The House is considering a bill that would give the PCAOB a whistleblower system under Sarbanes-Oxley like the one operated by the SEC.
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ArticleGoogle, Amazon fire back: Rising tide lifts all boats
A common refrain—and effective defense—from tech companies at the House Judiciary hearing this week was that rather than stifling competition, their size and scope is responsible for a tide that raises all boats in their wake.
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ArticleAntitrust argument the latest attempt to regulate Big Tech
Congress and presidential candidates alike are escalating their efforts to thwart the dominance of the tech giants.
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ArticleStates continue to fill federal data privacy void
While Congress largely remains mired in hearings and pre-election posturing, states are increasingly putting their own scrutiny on large tech companies and their data collection policies.
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ArticleNew bill seeks to end regulatory stalemate with China
Bipartisan legislation proposes to increase oversight on China-based companies listed on U.S. exchanges and delist those that fail to comply in three years.
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ArticleReps urge White House to support blockchain
Bipartisan members of Congress are urging the Trump administration to throw its tech focus onto blockchain.
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Dems pitch new bill to impose stock transaction tax
Congressional Democrats have introduced legislation to create a new tax on stock transactions that they say “would generate billions in revenue” while addressing economic inequality and volatility in the market.
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Waters urges CFPB employees to be whistleblowers
Rep. Maxine Waters, chair of the House Financial Services Committee, has written an open letter to CFPB employees urging them to be proud of their work and use a whistleblower hotline to report anything undermining those efforts.