North Carolina Power Outage Points to Homeland Security Long-Documented Threats to US Power Grid -
“Moore County blackouts serve as reminder that nation’s electricity infrastructure could be vulnerable targets for domestic...more
12/16/2022
/ Advertising ,
Banking Sector ,
Chapter 11 ,
Class Action ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Cuba ,
Cybersecurity ,
Data Collection ,
Debt Collection ,
Department of Homeland Security (DHS) ,
Electricity ,
FDIC ,
Federal Trade Commission (FTC) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Healthcare ,
Infrastructure ,
Non-Bank Lenders ,
OCR ,
Phishing Scams ,
Power Grid ,
Privacy Laws ,
Ransomware ,
Regulatory Agenda ,
State and Local Government ,
Technology Sector ,
Terrorist Threats ,
Text Messages ,
Threat Management ,
Tracking Systems ,
Unsolicited Advertisements
US Senators Ask SoFi About Its Banking Law Compliance =
“Four U.S. senators have signed a letter to SoFi Technologies CEO Anthony Noto expressing concerns about the online personal finance company and online bank’s digital...more
12/7/2022
/ American Bankers Association ,
Bank Holding Company ,
Banking Sector ,
Banks ,
Biden Administration ,
Commercial Bankruptcy ,
Compliance ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Credit Cards ,
Cryptocurrency ,
Digital Currency ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
Non-Bank Lenders ,
Overdraft Fees ,
Regulatory Agenda ,
Regulatory Oversight ,
Scams
Biden Signs Bills Aimed at Catching Pandemic Business Loan Cheats -
"President Joe Biden signed a pair of bills that will give the Justice Department more time to investigate and prosecute people accused of fraudulently...more
Is the U.S. Finally Getting a Comprehensive Cybersecurity and Data Protection Law? What You Need to Know About the Proposed American Data Privacy and Protection Act -
In the beginning of the 2000s, as a result of the...more
7/21/2022
/ Biotechnology ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
CRISPR ,
Cryptocurrency ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Facial Recognition Technology ,
Food and Drug Administration (FDA) ,
Nanotechnology
Banking Law Rooted in Civil Rights Era Gets a 21st Century Update "The Community Reinvestment Act basically mandates that if you open a bank in a low-income neighborhood, you can’t just take that neighborhood’s deposits and...more
6/3/2022
/ Banking Sector ,
Community Reinvestment Act ,
Consumer Financial Protection Act (CFPA) ,
Consumer Financial Protection Bureau (CFPB) ,
Coronavirus/COVID-19 ,
Decriminalization of Marijuana ,
FDIC ,
Financial Institutions ,
Financial Services Industry ,
Forbearance Agreements ,
OCC
House Subcommittee Debates Device Remanufacturing Definition, Sends User-Fees Bill to Next Stage
"Proponents of the remanufacturing bill are looking to better distinguish between medical device remanufacturing, and...more
5/27/2022
/ Coronavirus/COVID-19 ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Environmental Social & Governance (ESG) ,
Food and Drug Administration (FDA) ,
GAO ,
Medical Devices ,
Phishing Scams ,
Ransomware
BioPlus Specialty Pharmacy Faces Lawsuit Over Healthcare Data Breach -
"Florida-based BioPlus Specialty Pharmacy allegedly failed to safeguard PII and notify patients of a healthcare data breach that impacted 350K, the...more
2/7/2022
/ Biometric Information ,
Biometric Information Privacy Act ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cyber Attacks ,
Cyber Threats ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Supply Chain ,
Technology Sector ,
U.S. Commerce Department
2021 was a fascinating year in biotech, especially for legal issues. Of course, 2021, as the second year of a global pandemic, must be viewed in context with 2020....more
12/17/2021
/ Acquisitions ,
Biotechnology ,
Coronavirus/COVID-19 ,
DNA ,
Genetic Materials ,
Human Genes ,
Life Sciences ,
Mergers ,
Patents ,
Pharmaceutical Industry ,
Vaccinations
The Story of Henrietta Lacks and the Biotechnology Company Accused of Selling Her Cells for Profit -
These two articles (Newsweek and Fierce Biotech) describe the new lawsuit by the Henrietta Lacks Estate surrounding the...more
10/13/2021
/ Biotechnology ,
Blockchain ,
Coinbase ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Liability Insurance ,
Patent-Eligible Subject Matter ,
Patents ,
Ransomware
Biotechnology Can Fight Climate Change—but Trade Negotiators Need to Act -
"Emerging biotechnology, such as gene-editing, can safely and effectively change our planet's future for the better."
Why this is important:...more
9/30/2021
/ Agricultural Sector ,
Amazon ,
Artificial Intelligence ,
Biotechnology ,
Bitcoin ,
Climate Change ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Food and Drug Administration (FDA) ,
Life Sciences ,
Novartis ,
Ransomware ,
Stablecoins ,
Surveillance
El Salvador Buys 200 Bitcoins as the Digital Currency Becomes Legal Tender -
"El Salvador became the first country to adopt bitcoin as a national currency, kicking off a radical monetary experiment that could pose risks to...more
9/15/2021
/ Apple ,
Artificial Intelligence ,
Bitcoin ,
Blockchain ,
Climate Change ,
Coronavirus/COVID-19 ,
CRISPR ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Distributed Ledger Technology (DLT) ,
El Salvador ,
Ethereum ,
Facial Recognition Technology ,
Federal Trade Commission (FTC) ,
Food and Drug Administration (FDA) ,
GAO ,
Government Agencies ,
Kim Kardashian ,
Medical Devices ,
Popular ,
Privacy Concerns ,
Smart Contracts
Welcome to our fifth issue of Promissory Notes -- our e-newsletter focused on banking and finance insights. We hope you are enjoying our monthly publication.
Banks to Companies: No More Deposits, Please -
"Some banks,...more
US Senator Urges Treasury Secretary Yellen to Take Action on Cryptocurrency Scams to Protect Investors
“'This is an unregulated industry, and the alarming amount of criminal activity surrounding cryptocurrency demands...more
6/10/2021
/ Automation Systems ,
Blockchain ,
Coronavirus/COVID-19 ,
Cryptocurrency ,
Cybersecurity ,
Federal Trade Commission (FTC) ,
Innovative Technology ,
Life Sciences ,
Semiconductors ,
State Data Breach Notification Statutes ,
Tesla ,
Vaccinations
PA Health Dept Sued; Investigation Looms, After Contact Tracing Breach
"The PA health dept. is being sued, after employees of its vendor Insight Global set up an unsecured channel to share COVID-19 contact tracing data,...more
5/27/2021
/ China ,
Contact Tracing ,
Coronavirus/COVID-19 ,
CRISPR ,
Cryptocurrency ,
Cybersecurity ,
Data Protection ,
Driverless Cars ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Medical Devices ,
Popular ,
Ransomware ,
Technology Sector
Digital Dollar Project to Launch Five U.S. Central Bank Digital Currency Pilots -
"A partnership between Accenture and the Digital Dollar Foundation, the Digital Dollar Project was created last year to promote research...more
5/12/2021
/ Biometric Information ,
Biometric Information Privacy Act ,
Bitcoin ,
Blockchain ,
Coronavirus/COVID-19 ,
CRISPR ,
Cryptocurrency ,
Digital Assets ,
Digital Currency ,
FinTech ,
Non-Fungible Tokens (NFTs)
The Fed Plans to Unveil Digital Dollar Prototypes in July -
"The Boston Fed and MIT hope to unveil some of their work in the third quarter, including at least two prototype software platforms that could move, store and...more
Jones Day Hit by Data Breach as Vendor Accellion Hack Widens -
"Jones Day is the second major law firm in two weeks to have private data exposed as a result of a breach at Accellion, which provides file transfer and other...more
Court Rejects Parler’s Demand that Amazon Host Its Services -
"Parler claimed (1) antitrust violations, (2) breach of contract, and (3) tortious interference."
Why this is important: Parler has tested the old adage...more
New Tribunal Created for Unauthorized Streaming Services -
On December 21, 2020, Congress passed the Copyright Alternative in Small-Claims Enforcement Act of 2020 and a law on penalties for certain digital transmission...more
1/20/2021
/ Biden Administration ,
Biometric Information ,
Bitcoin ,
Coronavirus/COVID-19 ,
Criminal Investigations ,
Cryptocurrency ,
Cybersecurity ,
Data Collection ,
Facial Recognition Technology ,
Governor Cuomo ,
Iran ,
Law Enforcement ,
Nanotechnology ,
Technology Sector ,
Trade Relations