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Unintended Consequences: New Proposed EU Data Protection Rules May Retard Access to Finance for Consumers

A major overhaul of current EU data protection rules was voted by the EU Civil Liberties Committee this week. The new rules are to replace the current “patchwork of national laws” and the EU Civil Liberties Committee is pushing for a fast track ratification by member states. The new rules are supposed to put people in control of their personal ... Read More »

The Digital Shift: 10 Themes Shaping the Legal Agenda

The legal issues around data security, data protection and intellectual property are now top of the legal compliance agenda We are in the middle of the 2nd industrial revolution, comprising the ‘digital shift’ from an analogue to a fully networked society. It is transforming all aspects of economic and well as social activity.  Businesses at the heart of the digital ... Read More »

Transparency at Risk: Commercial Credit Reporting under Attack by Small Business Commission

Virgina, USA:  DEBATE OVER HB 2198 CONTINUES AT RECENT VIRGINIA SMALL BUSINESS COMMISSION MEETING The Virginia Small Business Commission continued its study of House Bill 2198 early September with the meeting of an ad hoc committee specifically formed to study the legislation, which would affect commercial credit reporting in the Commonwealth. NACM was in attendance, providing the committee with a ... Read More »

Transparency International Calls On G20 to Deliver On Anti-Corruption Commitments

Companies to publicly register the names of their real, beneficial owners Transparency International called on G20 countries to follow through on their anti-corruption commitments by boosting financial transparency across borders and creating an environment which enables civil society to combat corruption. To deliver on their commitment to tackle financial crime, G20 leaders should agree to make all companies publicly register ... Read More »

Data Breaches: UK investigates Private Investigators

In the UK an investigation has been launched into whether any clients of four rogue private investigators convicted of fraud breached the Data Protection Act. The private investigators concerned were given jail sentences last year and had specialized in illegally obtaining private information from organisations such as banks, utility companies and HM Revenue and Customs by purporting to be authorized ... Read More »

Regulatory Update June 2013 from Regulatory Strategies

European Union:  Push for new Data Protection Regulation:  The EU Justice Commissioner, Viviane Reding, has issued a new appeal for Member States to place the Data Protection Regulation on the agenda of an EU summit in Autumn 2013.  Red­ing is keen to get the data protection package completed before the European Parliament elections in May 2014 after it has suffered ... Read More »

Who says US Data Protection Standards are Lower than in the EU?

Recently Viviane Reding, the commissioner overseeing data protection, stated:  “The safe-harbour agreement may not be so safe after all, it could be a loophole” that allowed companies to shift data to the US where “data protection standards are lower than our European ones”.   Referring to one of the NSA programmes revealed by Mr Snowden, a former NSA contractor. Ms. ... Read More »

EU Data Protection Act Update

On 9 July 2013, the European Parliament Committee on Civil Liberties, Justice and Home Affairs (LIBE) held a joint debate on the data protection package.  Jan Philipp Albrecht (Greens/EFA, DE) presented a short state of play. He explained that progress is being made in terms of reaching compromise amendments.  He re-emphasised that the aim is to harmonise the data protection ... Read More »