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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2024-04-08T20:39:00
A bipartisan consumer privacy bill released by two key members of Congress would provide the broad, comprehensive protections businesses and Americans have called for, according to its sponsors.
On Sunday, Sen. Maria Cantwell (D-Wash.), chair of the Senate Committee on Commerce, Science, and Transportation, and Rep. Cathy McMorris Rodgers (R-Wash.), chair of the House Committee on Energy and Commerce, unveiled the “American Privacy Rights Act.” The bill would “[eliminate] the existing patchwork” of state privacy laws and include strong enforcement measures, according to a press release.
Among other provisions, the bill would seek to hold executives accountable if the law’s consumer protections were not followed.
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News and analysis for the well-informed compliance or audit exec.
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2024-05-03T21:20:00Z By Adrianne Appel
The “American Privacy Rights Act” has steep hills to climb if it’s ever going to become law, but that’s no reason for businesses to delay their privacy tune-ups.
2024-04-05T19:40:00Z By Adrianne Appel
The California Privacy Protection Agency warned businesses to stop asking for excessive information from consumers who have requested to opt out of having their data collected or who are otherwise exercising their privacy rights under the California Consumer Privacy Act.
2024-02-22T12:54:00Z By Kyle Brasseur
Food delivery company DoorDash agreed to pay a $375,000 fine as part of a settlement announced by California Attorney General Rob Bonta addressing alleged violations of the California Consumer Privacy Act.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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