Must I Respond Twice to the Same Unauthorized Transaction Claim?
…and other answers to your compliance questions in the January/February 2020 ABA Regulatory Policy and Compliance Inbox.
Browsing: Privacy notice
Increase Conversions: Work Smarter Not Harder
You look at a product online, maybe you add it to your shopping cart, but then decide to leave the site without checking out. Be prepared for that shopping cart to follow you. Everywhere. For days, or even weeks. That’s retargeting at its finest—and done well, it can be incredibly effective at driving conversions.
ABA Emphasizes Banks’ Commitment to Consumer Privacy
Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.
Are Banks Required to Post Privacy Notices on Their Websites?
…and more insights from ABA’s Compliance Center Inbox in the next issue of the ABA Banking Journal.
CFPB Final Rule Codifies Legal Exemption for Annual Privacy Notice Requirements
The Consumer Financial Protection Bureau today issued its long-awaited final rule amending Regulation P to incorporate a new legal exception to the requirement for banks to send annual privacy notices to their customers.
CFPB Updates Rulemaking Agenda for Remainder of 2018, Early 2019
The Consumer Financial Protection Bureau yesterday updated its rulemaking agenda for the remainder of 2018.
FTC Proposes Settlement over Venmo Disclosures, Claims of ‘Bank-Grade’ Security
The Federal Trade Commission yesterday proposed a settlement with Paypal over inadequate disclosures of whether funds transferred with its Venmo app were available, over claims that Venmo employed “bank-grade security systems” and over privacy violations.
House Passes ABA-Backed Privacy Notification Legislation
By a vote of 275 to 146, the House today passed H.R. 2396, a bill supported by ABA that provides technical clarifications about banks’ obligations to send annual privacy notices to consumers.
House Panel Passes Eight ABA-Backed Bills
The House Financial Services Committee today advanced eight ABA-backed regulatory reform bills, including several that ABA and the state bankers associations have long championed as part of ABA’s Blueprint for Growth.
ABA Urges House Committee to Approve 10 Bills Tomorrow
In advance of the House Financial Services Committee’s plans to vote on several regulatory reform bills tomorrow and Friday, ABA today sent a memo to committee members outlining the association’s support for 10 bills on the agenda.