News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-06-26T15:58:00
The Federal Trade Commission’s (FTC) recent children’s privacy enforcement activity leaves no doubt businesses must make complying with the Children’s Online Privacy Protection Act (COPPA) a top priority.
COPPA, which took effect in 2000, prohibits commercial websites and online services from collecting, keeping, using, and disclosing the personal information of children under 13 years old, unless a parent approves.
Earlier this month, the FTC and Department of Justice (DOJ) fined Microsoft $20 million for allegedly violating COPPA through its Xbox video game platform. The agencies alleged from 2015-20 Microsoft collected children’s information, such as full names, email addresses, birth dates, and phone numbers, in the process of setting up their accounts prior to obtaining parental consent and held onto that information even when children didn’t complete the sign-up process.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-07-09T20:26:00Z By Adrianne Appel
The Federal Trade Commission ordered anonymous messaging app creator NGL Labs and its two founders to pay $5 million for unfairly marketed to children and falsely claiming artificial intelligence filtered out bullying messages and threats.
2023-12-21T15:01:00Z By Kyle Brasseur
The Federal Trade Commission issued a notice of proposed rulemaking to strengthen data security requirements and modernize certain aspects of the Children’s Online Privacy Protection Act Rule.
2023-10-02T19:40:00Z By Jeff Dale
The Federal Trade Commission is partnering with Chile, Colombia, Mexico, and Peru to fight cross-border fraud, with other consumer protection authorities invited to join in the future.
2024-11-20T18:15:00Z By Aaron Nicodemus
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
2024-11-19T21:05:00Z
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
2024-11-19T19:26:00Z By Aaron Nicodemus
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
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