News Topic: Data privacy

New plans for a ballot initiative in November 2020 threaten to overturn concessions that financial institutions, tech firms and other companies have won from state lawmakers. ... Read full article

Congress should consider acting quickly or companies could treat the Golden State's new data privacy restrictions as a national standard. ... Read full article

House Financial Services Committee Chair Maxine Waters, D-Calif., and a bipartisan congressional delegation met with Swiss government officials last week to discuss Facebook’s plans to launch and operate a digital currency. ... Read full article

The Financial Action Task Force’s recent guidance on data privacy regulations should serve as a warning to companies planning to test virtual currencies. ... Read full article

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps. ... Read full article

Almost two years after the Equifax breach led to a congressional uproar but minimal policy change, the protracted fight to enact data security and privacy reform has a new bogeyman. ... Read full article

The Federal Reserve chairman said the social media giant’s cryptocurrency plan “cannot go forward” without improved regulatory controls. ... Read full article

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

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

The top Democrat on the Banking Committee suggested the absence of data brokers at a hearing on privacy legislation was "cowardice." ... Read full article

The forces reshaping small-business lending are also leading to “a moment of reckoning” for small banks, says former SBA head Karen Mills. ... Read full article

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. ... Read full article

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

Congress has broad subpoena powers to demand the president’s financial records, but no bank wants to disclose confidential information about a powerful client. ... Read full article

The CEO of the nation's largest bank urged policymakers to ease capital rules for banks and tackle inefficiencies in the housing markets, while offering bold ideas of his own on education and health care. ... Read full article

The Silicon Valley partnership represents an extension of — but also a departure from — the consumer strategy that Goldman has been pursuing since the launch of its digital consumer bank, Marcus. ... Read full article

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. ... Read full article

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue. ... Read full article