Data privacy rules

Despite outcry, Congress unlikely to block Facebook's crypto plan

07/19/19

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it.

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Facebook crypto exec meets congressional firing squad

07/16/19

Resistance to Libra on the Senate Banking Committee was bipartisan, and other takeaways from Tuesday’s hearing.

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Facebook won’t launch crypto service until regulators satisfied, exec says

07/15/19

David Marcus, who oversees Facebook’s digital wallet, plans to tell Congress that the company will roll out Libra only after it has "received appropriate approvals.”

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'Let's encourage banks to join payday lenders': Comments of the week

07/11/19

Readers react to the Fed warming up to CRA reforms, criticize the Democratic presidential candidates, defend Pittsburgh as a megabank attraction and more.

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Proven bank privacy laws should apply to tech firms, too

07/10/19

The Gramm-Leach-Bliley Act is a successful privacy law that ought to govern all financial services providers, not just banks.

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Will Congress stop Facebook's Libra?

07/02/19

The rush to hold hearings in both the House and the Senate reflects broad skepticism across the political spectrum about the social network's plan to develop an alternative payment system.

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Before they regulate AI, Congress needs to define it

06/25/19

As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.

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Is Senate Banking’s Facebook inquiry the start of something big?

05/13/19

Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line.

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Crapo, Brown probe Facebook over financial data collection

05/10/19

Sens. Mike Crapo and Sherrod Brown are asking Facebook about its consumer financial data collection practices as they consider data privacy legislation.

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State regulators should take the lead on data privacy: CSBS

03/15/19

The Conference of State Bank Supervisors urged Sens. Mike Crapo and Sherrod Brown to establish a baseline for consumer protection in data privacy and security that would leave room for stricter state rules.

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