- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-05-19T17:02:00
Businesses that make false or unsubstantiated claims regarding facial recognition and other biometric technologies could face enforcement from the Federal Trade Commission (FTC), the agency warned Thursday.
Use of biometric information technologies has proliferated to collect personal information about people, including their age, gender, race and heritage, and even their overall demeanor, the FTC said in a 12-page policy statement.
This collection poses new privacy risks for consumers, who might be unaware their data is being gathered and have no way to avoid the practice, said Samuel Levine, director of the FTC’s Bureau of Consumer Protection, in a press release.
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2024-01-04T20:11:00Z By Adrianne Appel
The Federal Trade Commission was clear in its recent enforcement action against Rite Aid regarding its expectations for companies using facial recognition technology or any biometric security or surveillance systems.
2024-01-04T14:30:00Z By Manorama Kulkarni, CW guest columnist
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
2023-12-20T14:33:00Z By Kyle Brasseur
Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission.
2025-03-28T18:45:00Z By Aaron Nicodemus
The Securities and Exchange Commission’s Republican leadership is abandoning the climate-related disclosure rule package passed last year by Democrats, hoping that the courts will kill regulations already on life support.
2025-03-24T15:47:00Z By Aaron Nicodemus
The U.S. Treasury Department’s Financial Crimes Enforcement Network issued a final interim rule that eliminates beneficial ownership information reporting obligations for U.S.-based companies and persons.
2025-03-19T13:00:00Z By Aaron Nicodemus
Federal Reserve Board member Michelle Bowman has been nominated as the board’s vice chair for supervision, a position that oversees regulation of the nation’s largest banks.
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