On Oct. 9, the Internal Revenue Service (IRS) issued additional guidance regarding the taxation of cryptocurrency. The guidance comes more than five years after the IRS issued Notice 2014-21, the first and, until now, only...more
The Federal Trade Commission (FTC) recently announced a compliance sweep of companies claiming to be in compliance with the U.S.-EU Privacy Shield and U.S.-Swiss Privacy Shield Frameworks. ...more
The California Consumer Privacy Act (CCPA) is a comprehensive new consumer protection law set to take effect on January 1, 2020. In the wake of the CCPA’s passage, approximately 15 other states introduced their own CCPA-like...more
3/28/2019
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Privacy ,
Data Protection ,
Opt-Outs ,
Personally Identifiable Information ,
Popular ,
Privacy Laws ,
Private Right of Action ,
Right to Delete
Welcome to the 2018 Year-End Report from BakerHostetler’s Financial Services Industry Team . We are pleased to share our analysis of some of the key developments in the financial services industry in 2018 and our expectations...more
3/27/2019
/ Banking Sector ,
Banks ,
Borrowers ,
Consumer Financial Protection Bureau (CFPB) ,
Cryptocurrency ,
Digital Currency ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Lenders ,
OCC ,
Payday Loans ,
Virtual Currency
In the absence of cookies-related guidance and enforcement by regulators against ordinary website publishers and operators, many e-commerce sites, online publishers and other website operators have taken a “wait and see”...more
With a “No Deal” Brexit seeming more likely than ever after the UK Parliament voted down a proposed deal in January 2019, concerns are rapidly multiplying about the effects of such a withdrawal from the EU for organizations...more
2/1/2019
/ Cybersecurity ,
Data Protection ,
Data Protection Officers (DPOs) ,
EU ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
Information Commissioner's Office (ICO) ,
No-Deal Brexit ,
Popular ,
UK ,
UK Brexit
Blockchain technology is transforming business operations in the manufacturing industry by improving efficiency, transparency and proof of authenticity.
BakerHostetler’s Technology in Manufacturing Team will provide an...more
Companies face substantial challenges in complying with breach notification requirements under Article 33 of the General Data Protection Regulation (GDPR). Article 33 requires a data controller to report a personal data...more
On January 10, Advocate General Maciej Szpunar released an opinion recommending that Google and other search engines should not be forced to apply the EU’s “right to be forgotten” beyond the EU. ...more
While the inauguration of a polarizing new president dominated the news of Brazil around the beginning of the new year, outgoing President Michel Temer, before leaving office, issued an executive order that has important...more
On Jan. 1, 2019, a new Vermont law intended to protect consumers by imposing new requirements on “data brokers,” companies that aggregate and sell consumer information, and credit reporting agencies took effect....more
As organizations continue to grapple with the requirements of the EU General Data Protection Regulation (GDPR) even months after its effective date, one thing is clear: The impact of the regulation extends far beyond an...more
In this fourth installment of our GDPR compliance webinar series, we will introduce key concepts in California's strict new privacy law and discuss how the CCPA parallels – and differs from – the GDPR. We'll also take a deep...more
Despite several failed attempts in recent years, there is a new effort underway to enact a federal data privacy law, and it’s being led by a somewhat unlikely source – the tech industry....more
This is the third webinar in our series addressing compliance priorities and questions raised by GDPR. Important issues continue to emerge.
Join our panelists, including the GDPR-seasoned general counsel of a global...more
Blockchain technology is transforming business operations across industries far beyond payments and financial services. One compelling example is the food supply chain, where blockchain offers improved efficiency,...more
We are pleased to present part two in our series addressing key compliance challenges and common questions concerning the European Union’s new General Data Protection Regulation (GDPR) which took effect May 25, 2018....more
The big push for GDPR compliance is over – or is it? Now that the GDPR has taken effect, organizations are facing the challenge of ongoing compliance with this sweeping regulation, trying to balance risk while reading...more
Last week, Aetna agreed to resolve class action claims of privacy violations related to the disclosure of thousands of members’ HIV status. The agreement will require the insurance giant to pay over $17 million into a...more
As the price of bitcoin leaps and lurches toward new highs, it seems fitting that the legal regime surrounding it and other virtual currencies is similarly unpredictable. With bitcoin edging its way into mainstream finance,...more
Developments in Policy and Regulations, Enforcement, Technology and Litigation -
Financial services are constantly evolving as laws, regulations, technologies and policies change.
BakerHostetler and the Ohio Bankers...more
Uber, the ride-hailing giant, agreed this week to implement a comprehensive privacy program and to undergo 20 years of privacy and data security audits in order to settle allegations by the Federal Trade Commission (FTC) that...more