Showing archive for: “Privacy & Data Security”
Commerce Committee Fails to Correct Major Deficiencies in House Privacy Bill
Having earlier passed through subcommittee, the American Data Privacy and Protection Act (ADPPA) has now been cleared for floor consideration by the U.S. House Energy and Commerce Committee. Before the markup, we noted that the ADPPA mimics some of the worst flaws found in the European Union’s General Data Protection Regulation (GDPR), while creating new ... Commerce Committee Fails to Correct Major Deficiencies in House Privacy Bill
Privacy, Crypto, and EU Financial Surveillance
European Union lawmakers appear close to finalizing a number of legislative proposals that aim to reform the EU’s financial-regulation framework in response to the rise of cryptocurrencies. Prominent within the package are new anti-money laundering and “countering the financing of terrorism” rules (AML/CFT), including an extension of the so-called “travel rule.” The travel rule, which ... Privacy, Crypto, and EU Financial Surveillance
FTC UMC Roundup – OT22 Edition
Fireworks came a bit early this year. Between the Supreme Court’s end-of-term decisions and this week’s January 6th Committee hearings, it wasn’t a week with much antitrust news coming out of either the FTC or Congress. But the Supreme Court’s made sure to keep things exciting: the opinion in West Virginia v. EPA case will ... FTC UMC Roundup – OT22 Edition
ADPPA Mimics GDPR’s Flaws, and Goes Further Still
Just three weeks after a draft version of the legislation was unveiled by congressional negotiators, the American Data Privacy and Protection Act (ADPPA) is heading to its first legislative markup, set for tomorrow morning before the U.S. House Energy and Commerce Committee’s Consumer Protection and Commerce Subcommittee. Though the bill’s legislative future remains uncertain, particularly ... ADPPA Mimics GDPR’s Flaws, and Goes Further Still
DMA Update: It’s Still a Privacy Danger
The European Union’s Digital Markets Act (DMA) has been finalized in principle, although some legislative details are still being negotiated. Alas, our earlier worries about user privacy still have not been addressed adequately. The key rules to examine are the DMA’s interoperability mandates. The most recent DMA text introduced a potentially very risky new kind ... DMA Update: It’s Still a Privacy Danger
FTC UMC Roundup – Welcome to the Press Tour
Welcome to the FTC UMC Roundup for June 10, 2022. This is a week of headlines! One would be forgiven for assuming that our focus, once again, would on the American Innovation and Choice Online Act (AICOA). I heard on the radio yesterday that it’s champion, Sen. Amy Klobuchar (D-MN), has the 60 votes it ... FTC UMC Roundup – Welcome to the Press Tour
The FTC UMC Roundup – Welcome to June Edition
Welcome to the FTC UMC Roundup for June 3, 2023–Memorial Day week. The holiday meant we had a short week, but we still have plenty of news to share. It also means we’re now in meteorological summer, a reminder that the sands of legislative time run quickly through the hourglass. So it’s perhaps unsurprising that ... The FTC UMC Roundup – Welcome to June Edition
Pixtopia Is Not Real
Banco Central do Brasil (BCB), Brazil’s central bank, launched a new real-time payment (RTP) system in November 2020 called Pix. Evangelists at the central bank hoped that Pix would offer a low-cost alternative to existing payments systems and would entice some of the country’s tens of millions of unbanked and underbanked adults into the banking ... Pixtopia Is Not Real
The FTC UMC Roundup – May 27 Edition
Welcome to the Truth on the Market FTC UMC Roundup for May 27, 2022. This week we have (Hail Mary?) revisions to Sen. Amy Klobuchar’s (D-Minn.) American Innovation and Choice Online Act, initiatives that can’t decide whether they belong in Congress or the Federal Trade Commission, and yet more commentary on inflation and antitrust, along ... The FTC UMC Roundup – May 27 Edition
The Paradox of Choice Meets the Information Age
Barry Schwartz’s seminal work “The Paradox of Choice” has received substantial attention since its publication nearly 20 years ago. In it, Schwartz argued that, faced with an ever-increasing plethora of products to choose from, consumers often feel overwhelmed and seek to limit the number of choices they must make. In today’s online digital economy, a ... The Paradox of Choice Meets the Information Age
Lina Khan’s Privacy Proposals Are at Odds with Market Principles and Consumer Welfare
The Federal Trade Commission (FTC) is at it again, threatening new sorts of regulatory interventions in the legitimate welfare-enhancing activities of businesses—this time in the realm of data collection by firms. Discussion In an April 11 speech at the International Association of Privacy Professionals’ Global Privacy Summit, FTC Chair Lina Khan set forth a litany ... Lina Khan’s Privacy Proposals Are at Odds with Market Principles and Consumer Welfare
US-EU Agreement Hopes to Keep Transatlantic Data Flowing
Though details remain scant (and thus, any final judgment would be premature), initial word on the new Trans-Atlantic Data Privacy Framework agreed to, in principle, by the White House and the European Commission suggests that it could be a workable successor to the Privacy Shield agreement that was invalidated by the Court of Justice of ... US-EU Agreement Hopes to Keep Transatlantic Data Flowing
