All articles by Joe Mont – Page 10
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BlogMarriott breach could affect 500,000 customers
A breach of the Marriott hotel chain’s guest reservation database may have compromised the personal information of upwards of 500,000 customers. The reveal follows an unrelated breach that affected members of Dunkin’ Donuts loyalty card program.
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Bitcoin ‘addresses’ added to sanctions screening
For the first time, the Treasury Department has added digital currency identifiers on its sanctions blacklist. It has also drafted new guidance on how those transactions should be identified and reported.
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ArticleNew Fed risk report finds corporate debt concerns, Brexit fallout
On Nov. 28, the Federal Reserve’s Board of Governors released its first-ever Financial Stability Report. Among the risks: increasing levels of corporate leverage and international instability.
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Senate Dems serve up scathing rebuke of Mulvaney-led CFPB
A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”
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Survey: CCO liability fears persist
Although corporate compliance officers are receiving greater support for their programs, concerns about personal liability increased over the past year, according to a new survey conducted by DLA Piper.
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U.S. considers export controls for AI, other emerging tech
The Commerce Department is proposing what may end up being the government’s first regulatory regime for the use of artificial intelligence technology. Other cutting-edge technologies are also under consideration for enhanced export controls.
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ArticleA view from beyond the tech giants
Organizations in sectors outside of technology are voicing their opinions on what a data privacy regulation should entail.
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ArticleTech companies push for national privacy framework
Commonalities among tech companies, when it comes to U.S. data privacy legislation, include a single-standard approach, elevating the FTC, and mandating a risk-based methodology.
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Quarles to head Financial Stability Board
Randal Quarles, a Federal Reserve governor and its vice chairman for supervision, has been appointed as the new chairman of the international Financial Stability Board.
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ArticleSpecial report: Data privacy
International and domestic legislators and regulators threaten an end of the self-regulation of consumer data.
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ArticleAML programs continue to vex banks in cost, complexity
Forget all that talk of deregulation. Compliance officers at financial institutions are still knee-deep in risk and spending nearly $26 billion a year on anti-money laundering programs and other demands of the Bank Secrecy Act.
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TRACED Act cracks down on illegal robocalls
Newly proposed legislation is making the rounds of the Senate in an effort to strike against unwanted telephone solicitations.
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Senators accuse mobile carriers of throttling practices
Senate Democrats are alleging violations of net neutrality principles by mobile data carriers who they claim, backed by recent research, are slowing down online traffic.
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A top concern for banks: How will regulators tackle AI?
The cutting-edge question asked by Federal Reserve Governor Lael Brainard at a recent conference: “What are we learning about artificial intelligence in financial services?” She answered with a look at the regulatory landscape.
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ArticleUndaunted, May holds line on Brexit as chaos swirls
A draft plan for how the United Kingdom will engineer its split from the European Union is not going over well with many British Prime Minister Theresa May is counting on.
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Brexit deal passes a milestone, questions remain
U.K. Prime Minister Theresa May managed to convince her cabinet to back a draft Brexit deal. What comes next?
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ArticleHow election results will impact regulation for next two years
America voted on Tuesday. Now corporate America and its regulators need to see what it all means.
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SEC pushed to stress ‘fiduciary duty’ in forthcoming rules
Members of the SEC’s Investor Advisory Committee are recommending that forthcoming rules for investment advisers be made more explicit and in line with past visions of a “fiduciary duty.”
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Banking groups petition for clarity on regulatory guidance
Two influential groups representing the interests of banks are petitioning the Consumer Financial Protection Bureau for formal rulemaking regarding the use of supervisory guidance.
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BlogTesla names new chairman of the board
Tesla has named a new chairman of the board, Robyn Denholm, to replace founder and CEO Elon Musk. She takes on the post after serving as CFO for Telstra, Australia’s largest telecommunications company.