- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Social media companies—Facebook, Twitter, and Google+—need to do more to respond to requests made last March by the European Commission and member states' consumer authorities to comply with EU consumer protection rules.
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Although it is uncharacteristically behind schedule, Luxembourg’s legislature is working on implementing transparency measures in line with AMLD 4. But will it be fast enough to avoid penalties from the European Commission?
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
