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Data privacy regs abroad put even finest digital tools to the test

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Technology has helped banks expand globally, but complying with country-specific laws restricting data flows is a constant struggle.

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CSBS: California A Template For States’ Role In Data Privacy Regs

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The Conference of State Bank Supervisors (CSBC) said last week that there should be a “floor” for data privacy and security regulations, a statement issued by the Senate Committee on Banking, Housing and Urban Affairs. He pointed to the recent enactment of the California Consumer Privacy Act of 2018 as an example.

Privacy 49
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Proposed Bills Could Make Washington An AI Reg Leader

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Critics, however, contend that the involvement of both companies in the legislative process is a way to make sure that laws don’t become too burdensome. Reuven Carlyle, among others, in one case, is aiming for a new data privacy bill again. The Online Privacy Act, if passed, would lead to the Digital Privacy Agency (DPA)’s creation.

AI 67
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Reg Tracker: National Tech Privacy, Facial Recognition Rules Loom (Perhaps)

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New rules may loom for technology providers pertaining to privacy — on a national level. In another nod toward privacy, Microsoft wants to see government regulation of facial recognition technology. Companies also have new rules in place that govern how data is shared for children aged 16 and below.

Privacy 40
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Report: Helping Online Merchants Comply With The Middle East’s New Payments Regs

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Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. The country’s Data Protection Law was announced in 2019 and officially came into effect in July 2020. Around The Data Protection World.

Regs 60
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In Asia, Focus On Big Tech Regs And Taxes

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Scrutiny of tech firms is spreading across the globe, hinting at broader regulations over privacy and, possibly, bigger tax bills. On Privacy. With a nod toward privacy regulation, this past week saw the European Union’s top court ruling that Google need not extend the “right to be forgotten” across the globe.

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Big Tech Compliance Tracker: Facebook Disables Some Instagram, Messenger Functions In Europe; Amazon Delays Merchant Fulfillment Fee Increases

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Facebook Calls Out New Apple App Privacy Policy. Facebook called out new Apple policy as one that is “about profit, not privacy” in a December blog post. The executive said that the retailer will keep taking on the extra expenses without increasing charges until June 1, 2021.