At the 2019 FTC PrivacyCon, a representative from Consumer Reports presented a paper on an effort to investigate and determine the privacy practices of large online platforms, such as what consumer data is collected, how it is used and how long it is retained by the companies that collect it. This effort is intended to allow Consumer Reports to share companies’ privacy practices in its well-known product and service reviews.
The methodology to review and evaluate the privacy practices of third parties has potential implications for financial institutions. In particular, financial institutions are required to perform assessments of third-party service providers for their ability to comply with applicable laws and regulations. A means of determining and reporting on the relative strength or weakness of a company’s privacy practices would be an important component in selecting and managing third-party service providers.
At the 2019 FTC PrivacyCon, a representative from Consumer Reports presented a paper on an effort to investigate and determine the privacy practices of large online platforms, such as what consumer data is collected, how it is used and how … Read the rest
This week, the House Subcommittee on Communications and Technology advanced the Stopping Bad Robocalls Act, bipartisan legislation co-sponsored by Energy and Commerce Committee Chairman Frank Pallone (D-NJ) and Ranking Member Greg … Read the rest
More than 50 leaders of the American Financial Services Association’s (AFSA) Vehicle Finance Division and the National Automobile Dealer Association’s (NADA) met this week in Washington, DC, to discuss opportunities and… Read the rest
The Federal Communications Commission (FCC) today published its call-blocking Declaratory Ruling and Third Notice of Proposed Rulemaking in the Federal Register. Comments will be due 30 days after publication and reply comments will … Read the rest
AFSA has offered its support for H.R. 3182, legislation introduced by Representatives Vicente Gonzalez (D-TX), Ted Budd (R-NC) and a bipartisan group of lawmakers, to delay the implementation of the Federal Accounting Standards Board’s… Read the rest
On June 20, AFSA submitted a comment letter to the New York legislature raising concerns about AB 2078 and its companion SB 4019, which would remove liability for the early termination of a lease in the event of a lessee’s death. The bills… Read the rest
The Federal Trade Commission (FTC) is holding its fourth annual PrivacyCon on June 27, 2019.
The event promises to focus on issues related to consumer privacy and data security, both of which are issues of critical importance for the consumer… Read the rest
Join us on June 27th at 2 p.m. ET for SMS for e-Signature and Electronic Documents presented by D’Lange Mobile.
Using text messaging and e-signature offers speed and convenience that consumers increasingly appreciate. There are important… Read the rest
WASHINGTON–(BUSINESS WIRE)–The American Financial Services Association, the national trade association for the consumer credit industry, is pleased to welcome communications professional Ed McFadden as its new Vice … Read the rest
AFSA attended and participated in the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board meetings held June 5th and 6th in Washington. The focus of the meeting was on broad policy matters related to the Bureau’s Unified… Read the rest
