Finance

In case you missed it, below are recent posts from Privacy World covering the latest developments on data privacy, security and innovation. Please reach out to the authors if you are interested in additional information.

Notes from the Asia Pacific Region, December 2023 | Privacy World

Singapore to Amend Cybersecurity Law | Privacy World

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The Consumer Financial Protection Bureau (the “CFPB”) recently issued a Notice of Proposed Rulemaking to implement Section 1033 of the Dodd-Frank Act (“Section 1033”). Section 1033 generally requires covered persons to make information concerning a financial product or service that a consumer has obtained from such person available to the consumer, subject to CFPB rulemaking.

The rule recently proposed by the CFPB to implement Section 1033 (the “Proposed Rule”) would require that certain entities make transaction and other account data more readily available to consumers and authorized third parties. It also would impose privacy and information security obligations and limitations on these entities, as well as on third parties authorized to collect and use that data. These requirements and limitations are discussed in more detail below.Continue Reading CFPB Issues Notice of Proposed Rulemaking on Open Banking

In case you missed it, below are recent posts from Privacy World covering the latest developments on data privacy, security and innovation. Please reach out to the authors if you are interested in additional information.

Join Us Live in Washington DC on September 19: Avoiding Litigation and Navigating Regulatory Challenges Amid Growing Privacy, Cybersecurity and

In case you missed it, below are recent posts from Privacy World covering the latest developments on data privacy, security and innovation. Please reach out to the authors if you are interested in additional information.Continue Reading Privacy World Week in Review

In case you missed it, below are recent posts from Privacy World covering the latest developments on data privacy, security and innovation. Please reach out to the authors if you are interested in additional information.

A Guide Comparing EU, China, ASEAN Standard Contracts for Data Transfers | Privacy World

Digital Assets in England and Wales:

On June 26, 2023, the Monetary Authority of Singapore (MAS) released an open-source toolkit to enable the responsible use of Artificial Intelligence (AI) in the financial industry.  

The Veritas Toolkit version 2.0[1], developed by a consortium of 31 industry players[2] and led by MAS, is the first responsible AI toolkit developed specifically for the financial industry. It assists financial institutions (FIs) in carrying out assessment methodologies to meet the Fairness, Ethics, Accountability and Transparency (FEAT)[3] principles required to demonstrate responsible use of AI and data analytics.Continue Reading Singapore releases responsible AI toolkit for finance sector