Consumer Privacy Issues Abound in the Dodd-Frank Wall Street Reform and Consumer Protection Act

more+
less-

Bill Proposes a New Consumer Financial Services Agency with Considerable Privacy Responsibilities

Introduction

With President Obama scheduled to sign the Dodd-Frank Wall Street Reform and Consumer Protection Act this week, the financial services industry faces a rapidly changing regulatory environment. While a great deal of attention has been paid to the significant restructuring of the financial services regulatory regime, little focus has been placed on the proposed changes to the oversight of consumer privacy issues, data security and data stewardship. These issues may not only affect banks, but all types of businesses servicing the financial industry as well.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Administrative Agency Updates, Consumer Protection Updates, Finance & Banking Updates, Privacy Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Reed Smith | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »