Technology Law Source

Tag Archives: Federal Trade Commission

Information Privacy Regulation – What You Need to Know About Current Developments

U.S. and EU approaches to privacy regulation have been very different, but recent developments in the U.S. may be narrowing the gap. Recently, we hosted a seminar regarding current developments in information privacy regulation. The subjects covered and a link to the materials are provided below. Our panelists included: Dennis Hirsch, Esq., Professor at Capital University Law School, Counsel to Porter Wright, and a scholar of information privacy law; Christina Hultsch, Esq., Porter Wright International Law attorney; and Donna M. Ruscitti, Esq., Chair, Porter Wright’s Information Privacy and Data Security Practice Group. They discussed:

  • How EU regulation impacts both U.S. and multi-national corporations and its practical implications to U.S. corporations
  • The White House Report Released February 23, 2012 – Consumer Data Privacy in a Networked World: A Framework for Protecting Privacy and Promoting Global Innovation in the Global Digital Economy
  • FTC Report Released March 26, 2012 – Protecting Consumer Privacy in an Era of Rapid Change
  • Current U.S. Legislative Initiatives
  • Compliance with the U.S. Safe Harbor Program and FTC enforcement actions

To download the materials from the seminar, click here.…

Compliance (Might Be?) Required: The Continuing Saga of the Identity Theft Red Flag Rules

It was November 1, 2007 when federal banking regulators and the Federal Trade Commission (FTC) jointly issued final rules under the Fair and Accurate Credit Transactions Act of 2003 (FACT Act). These rules established for the first time the requirements for identity theft prevention programs implemented by financial institutions and other “creditors.” Those final rules were set to go into effect one year later, on November 1, 2008. As to all financial institutions regulated by the federal banking regulatory agencies (the Federal Reserve Board, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, Office of Thrift Supervision, and the National Credit Union Administration), those final rules became effective and enforceable as planned. For other “creditors” governed by the FTC, however, enforcement has been a long tale of hurry-up-and-wait.…