- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Well past the point of omens, it seems that a federal consumer privacy law is imminent. But what should that law be? How should it mimic GDPR requirements and those of states like California? The devil may be uploaded with the details.
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The cutting-edge question asked by Federal Reserve Governor Lael Brainard at a recent conference: “What are we learning about artificial intelligence in financial services?” She answered with a look at the regulatory landscape.
Amid consideration of building upon the FTC’s role in policing consumer privacy, the agency held a roundtable to discuss current rules and enforcement challenges.
JPMorgan Chase, Wells Fargo Bank, Bank of America, and the company behind online money transfer app Zelle were sued by the Consumer Financial Protection Bureau for allegedly failing to safeguard Zelle’s network and causing customers to lose $870 million, the CFPB alleged.
