ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

ABA, Advocacy Groups Address Ongoing Dispute Over US-EU Data Transfers

September 30, 2020
Reading Time: 1 min read

ABA joined a broad coalition of advocacy organizations representing a range of industries in a letter to the Departments of Justice, Commerce and State and the Office of the Director of National Intelligence yesterday requesting that they convey to European regulators that “U.S. companies cannot be expected to explain U.S. government surveillance practices as they defend their use of [standard contractual clauses] for commercial [data transfers].”

The letter came after an Irish regulator “reportedly proposed to ‘suspend’ all transfers of Facebook user data to the U.S. indefinitely, finding that the company can no longer rely on Standard Contractual Clauses approved by the European Commission for enabling flows of personal information across the Atlantic.” In doing so, the Irish data protection commissioner relied on a European court decision from earlier this summer that invalidated the U.S-EU Privacy Shield Agreement—a decision that could threaten transatlantic data flows.

As the administration works to negotiate a successor to the Privacy Shield Agreement, the groups urged administration officials to “request European regulators refrain from enforcement actions until further guidance on SCCs is provided by the European Data Protection Board.” They added that “businesses acting in good faith to protect the privacy of EU citizens should not bear risks stemming from the court’s lack of clarity, including the risk of becoming subject to enforcement actions by individual data protection authorities.”

Tags: Data privacyData securityInternational regulatory coordination
ShareTweetPin

Related Posts

Consumer Sentiment declined in April

Preliminary: Consumer sentiment fell in August

Economy
August 14, 2026

The University of Michigan Consumer Sentiment Index decreased 7.6% in August compared to the month prior, landing at 51, according to preliminary results for the month.

Bill would strengthen criminal penalties for ATM robberies

State attorneys general express support for ATM crime bill

Compliance and Risk
August 14, 2026

Fifteen state attorneys general urged Congress to pass legislation ensuring that robberies of off-site ATMs carry the same legal consequences as bank robberies. ABA also supports the bill.

ABA urges ‘same risk, same regulation’ for digital assets

ABA urges federal regulation of AI, level playing field for financial services

Compliance and Risk
August 14, 2026

Congress should establish a nationally harmonized, risk-based framework for regulating artificial intelligence in the financial services sector, which would preempt state laws while assuring strong consumer protection and cybersecurity outcomes, ABA told House Financial Services Committee members.

ABA: Proposed quality control rule for AVMs would overburden banks

ABA DataBank: Consumers tap home equity as housing values rise

Economy
August 14, 2026

Total home equity lines of credit (HELOC) reached $446 billion in Q1 2026, up 35.3% since hitting a trough in Q1 2022.

CFPB claims ‘complex’ pricing drives up cost of financial products

CFPB ends publication of consumer complaint narratives

Compliance and Risk
August 14, 2026

The CFPB will cease publication of unverified complaint narratives and visualizations, arguing the utility of publicizing narratives is minimal “while often causing confusion and providing misleading data.”

OCC to merge community bank, large bank supervision departments

OCC releases 2026 update to Bank Accounting Advisory Series

Compliance and Risk
August 14, 2026

The BAAS contains OCC staff responses to frequently asked questions from the banking industry and bank examiners on a variety of accounting topics.

NEWSBYTES

Preliminary: Consumer sentiment fell in August

August 14, 2026

State attorneys general express support for ATM crime bill

August 14, 2026

ABA urges federal regulation of AI, level playing field for financial services

August 14, 2026

SPONSORED CONTENT

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

Beyond Surveillance: Rethinking Security for Modern Financial Institutions

August 12, 2026
Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.