United States: Advert Regulation Information And Views – November 6
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A New Period for the FTC and U.S. Privateness? Home
Reconciliation Invoice Would Give the FTC $500 Million to Construct a New
As we have all been following within the information, the Home
reconciliation invoice to fund “human infrastructure” is
nonetheless mired in negotiations, ever on the verge of both passing to
monumental fanfare, or cratering in failure. Tucked away on web page
671 of the 1684-page invoice is a brief provision that, regardless of scant
consideration, has the potential to usher in a brand new period for the FTC and
U.S. privateness – $500 million to fund a model new FTC privateness
bureau, to be spent between 2022 and 2029.
GLBA Safeguards Will get a Makeover: Why it Issues
for Companies with Buyer Info
In a much-anticipated announcement final week, the FTC amended the Gramm-Leach-Bliley Act
(GLBA) Safeguards Rule, and proposed a additional modification requiring sure
monetary establishments to offer the FTC with discover within the occasion
of sure safety occasions. Though these modifications have been introduced
after FTC Commissioner Chopra left the company to steer the CFPB, he
apparently voted previous to leaving to make sure 3/2 approval of the
amendments in a Fee that is still divided.
Submit-AMG Scorecard: The FTC Pivots to Different
Statutory Bases for Financial Aid
The Supreme Court docket in AMG foreclosed the FTC’s capacity to
pursue financial treatments beneath Part 13(b) of the FTC Act. That,
nevertheless, AMG has not stopped the FTC from pursuing financial reduction
straight in courtroom, whereas making an attempt to bypass the statutory
prerequisite of an administrative continuing. The FTC is constant
to make use of Part 13(b) of the Act to try to acquire preliminary
and everlasting injunctive reduction. On the similar time, the Fee
is coupling its 13(b) requests for injunctive reduction with different
(generally inventive) statutory requests for cash.
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