Remove law law-us
article thumbnail

Proposed US Law Could Hamper End-To-End Encryption

PYMNTS

It accomplishes that by threatening a critical immunity named Section 230 that firms have with federal law. Federal law enforcement agencies, for their part, have reportedly said those encryptions hamper their probes. News of the upcoming proposed legislation comes as the a source from the U.S.

US 209
article thumbnail

Federal law could protect US banks from data deluge

Bobsguide

Financial services firms in the US are being overwhelmed by the volume, variety and velocity of sensitive data they have to process, according to Kristina Bergman, CEO of Integris Software, and calls from the Consumer Banking Association (CBA) for a federally-mandated privacy law could help solve a.

US 88
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Does California’s Consumer Privacy Law Affect US Businesses?

PYMNTS

The law’s complex requirements kick in regardless of whether a company deals directly with consumers. The law concerns companies that conduct business in California and includes out-of-state companies that sell to California. The law can also include businesses that profit from services like payment processing or website hosting.

article thumbnail

Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

Don’t let the lack of hard law in the U.S. “Research suggests that more consumers are expecting merchants to tackle this task, with 90 percent of American consumers stating that companies and government entities should be safeguarding their digital data.”.

US 171
article thumbnail

The Anti-Money Laundering Act of 2020: Initial Catalysts, Current Implications, and Future Impacts

Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC

anti-money laundering laws since the USA PATRIOT Act of 2001. Paige Baumann will walk us through the impacts of the AMLA, and you'll leave this session with a new understanding of: The catalysts for this new law and how it amended the Bank Secrecy Act of 1970 Rulemaking and other actions taken by the U.S.

article thumbnail

US Biometrics Law Tested By Six Flags Lawsuit

PYMNTS

The suit alleges that collecting the data violated the law, but the company argued that there was no actual harm done by the collection of the print. However, privacy advocates have warned that if consumers have to show they were harmed from the data collection, it would negate the power of the law.

Illinois 139
article thumbnail

Banks set to deliver on $369 billion climate act

Accenture

The $369 billion “climate action bill” that the US has just passed into law is positive news for banks committed to combatting climate change and advancing sustainability. The new legislation is likely to prompt corporate customers of US banks to accelerate their efforts to reduce greenhouse gas emissions to net zero.

US 243