Volume 4, Issue 2, 2024 Welcome! Welcome to the second issue of Promissory Notes - our banking and finance e-newsletter - for 2024.
Business today is characterized by relentless change. To assist our clients in navigating...more
3/5/2024
/ Banking Sector ,
Consumer Financial Protection Bureau (CFPB) ,
Cybersecurity ,
Disclosure Requirements ,
Financial Institutions ,
Financial Services Industry ,
Foreclosure ,
Incident Response Plans ,
Loans ,
Mergers ,
OCC ,
Policy Statement ,
Promissory Notes ,
Proposed Regulation ,
Securities and Exchange Commission (SEC)
Unlike the General Data Protection Regulation (GDPR) in the European Union (EU), the United States does not have a nationwide comprehensive data privacy law. Instead, the United States applies a sectoral approach to its...more
1/17/2024
/ Consumer Privacy Rights ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Legislative Agendas ,
New Legislation ,
New Regulations ,
Privacy Acts ,
Privacy Laws ,
State and Local Government ,
State Privacy Laws
The Current Status of Privacy Laws Across the United States -
Unlike the General Data Protection Regulation (GDPR) in the European Union (EU), the United States does not have a nationwide comprehensive data privacy law....more
1/17/2024
/ 3D Printing ,
Algorithms ,
Biometric Information ,
Biometric Information Privacy Act ,
Consumer Privacy Rights ,
COPPA ,
Cybersecurity ,
Data Brokers ,
Data Protection ,
Data Security ,
Facial Recognition Technology ,
Hackers ,
Healthcare ,
Legislative Agendas ,
Medical Devices ,
New Legislation ,
New Regulations ,
New York ,
Online Safety for Children ,
Personal Data ,
Privacy Laws ,
Public Schools ,
Ransomware ,
Regulatory Agenda ,
State and Local Government ,
State Privacy Laws ,
Technology
Revisiting…Are Automakers Making Sufficient Efforts to Protect Customer Data?
As a follow-up to our previous article and webinar, “Are Automakers Making Sufficient Efforts to Protect Customer Data?", we are addressing the...more
12/20/2023
/ American Civil Liberties Union (ACLU) ,
Automotive Industry ,
CEOs ,
CFTC ,
CRISPR ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Data Security ,
Life Sciences ,
Manufacturers ,
Personal Data ,
Public Schools ,
Regulatory Agenda ,
Remote Working ,
Securities and Exchange Commission (SEC) ,
Surveillance ,
Technology Sector
As a follow-up to our previous article and webinar, “Are Automakers Making Sufficient Efforts to Protect Customer Data?”, we are addressing the recent 9th Circuit decision in Jones v. Ford Motor Co. At issue in this matter...more
12/19/2023
/ Automotive Industry ,
Customer Privacy ,
Cybersecurity ,
Data Protection ,
Failure To State A Claim ,
Ford Motor ,
Hardware ,
Motion to Dismiss ,
Personal Information ,
Software ,
State Privacy Laws
U.S. Department of Education Takes Action Against Five Schools for Disbursing Federal Student Aid to Students Enrolled in Unaccredited Programs -
“The settlement agreements include the payment of liabilities for all five...more
10/2/2023
/ Colleges ,
Corporate Transparency Act ,
Cybersecurity ,
Data Security ,
Department of Education ,
Diversity ,
Diversity and Inclusion Standards (D&I) ,
Educational Institutions ,
Enforcement Actions ,
Federal Student Aid ,
Legislative Agendas ,
Personal Data ,
Research Funding ,
School Districts ,
Students ,
Tax Exempt Entities ,
Universities
Are Automakers Making Sufficient Efforts to Protect Customer Data?
With the ever-expanding Internet of Things, data privacy is a growing concern in today’s digital age. The automotive industry is no exception. The National...more
9/27/2023
/ Artificial Intelligence ,
Automotive Industry ,
Censorship ,
Consumer Privacy Rights ,
CRISPR ,
Critical Infrastructure Sectors ,
Cyber Attacks ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data-Sharing ,
DNA ,
Educational Institutions ,
Hackers ,
Information Technology ,
Internet of Things ,
Life Sciences ,
Machine Learning ,
NHTSA ,
Personal Data ,
Popular ,
Regulatory Freeze ,
Regulatory Oversight ,
Risk Management ,
Social Media ,
Technology Sector
You may be Entitled to Financial Compensation…for Your Data -
“Without all of our writings and photos that AI companies are using to train their models, they would have nothing to sell.”
Why this is important: This...more
8/4/2023
/ Algorithms ,
Artificial Intelligence ,
Biotechnology ,
Bots ,
Cryptocurrency ,
Cybersecurity ,
Data Breach ,
Data Deletion ,
Data Privacy ,
Educational Institutions ,
FCC ,
Federal Trade Commission (FTC) ,
Hackers ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Healthcare ,
Investment ,
Life Sciences ,
Online Platforms ,
PHI ,
Ransomware ,
Ripple ,
School Districts ,
Securities ,
Securities and Exchange Commission (SEC) ,
Technology Sector
Understanding the New Pregnant Workers Fairness Act and Full Scope of Pregnancy-Related Discrimination Laws for Schools -
On June 27, 2023, the Pregnant Workers Fairness Act went into effect. This new law requires covered...more
8/3/2023
/ Affirmative Action ,
Artificial Intelligence ,
Civil Rights Act ,
Colleges ,
Cyber Attacks ,
Cybersecurity ,
Department of Education ,
Duty to Accommodate ,
Educational Institutions ,
Employer Liability Issues ,
Hackers ,
Legislative Agendas ,
LGBTQ ,
Loan Forgiveness ,
New Legislation ,
Personal Information ,
Pregnancy ,
Pregnancy Discrimination ,
Pregnant Workers Fairness Act ,
Reasonable Accommodation ,
Regulatory Agenda ,
School Districts ,
Sports ,
Sports Injuries ,
Student Loans ,
Title IX ,
Undue Hardship ,
Universities
Cyber Resilience Programs Falling Short on Preparing Workers for a Crisis-
“At two-thirds of organizations, there is a fear that almost all employees, 95%, will not understand how to recover following a cyberattack.”
...more
6/1/2023
/ Artificial Intelligence ,
Biotechnology ,
Bots ,
Colleges ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
Data Security ,
Educational Institutions ,
Employees ,
Enforcement Actions ,
Financial Services Industry ,
Healthcare ,
Investment ,
Popular ,
Ransomware ,
Research and Development ,
School Districts ,
Technology Sector ,
Telehealth ,
Universities
Summer is Coming: Are Youth Camps Part of Your Clery Compliance Program?
“Regarding compliance and safety, many institutions have youth protection policies that camps must follow.”
Why this is important: The Jeanne...more
5/24/2023
/ Artificial Intelligence ,
Colleges ,
Cybersecurity ,
Debt ,
Educational Institutions ,
Loan Forgiveness ,
New Legislation ,
Ransomware ,
School Districts ,
Sports ,
Student Loans ,
Students ,
Universities
Tech Vendors and Cybersecurity – Are They Responsible?
It has long been recommended that when you contract with a technology vendor that you include an indemnity clause in the contract wherein the vendor will indemnify you...more
4/25/2023
/ Algorithms ,
Archived Data ,
Artificial Intelligence ,
Burden of Proof ,
Commercial Litigation ,
Content Publishing ,
Contract Terms ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Collection ,
Data Privacy ,
Data Protection ,
Data Retention ,
Data Security ,
Data Storage ,
Defamation ,
Educational Institutions ,
Electronic Communications ,
Electronically Stored Information ,
Fox News ,
Free Speech ,
Indemnification Clauses ,
Indemnity ,
Libel ,
Machine Learning ,
News Stories ,
Personal Information ,
Political Speech ,
Popular ,
Risk Management ,
Robots ,
School Districts ,
Settlement ,
Social Media ,
Software ,
Software Developers ,
Students ,
Technology Sector ,
Vendor Contacts ,
Vendors
It has long been recommended that when you contract with a technology vendor that you include an indemnity clause in the contract wherein the vendor will indemnify you if its product is compromised and results in a data...more
4/25/2023
/ Contract Terms ,
Cyber Attacks ,
Cybersecurity ,
Data Collection ,
Data Protection ,
Data Security ,
Indemnification Clauses ,
Indemnity ,
Software ,
Software Developers ,
Technology Sector ,
Vendor Contacts ,
Vendors
When you hear the word cyberattack you think of attacks on banks, large box stores, or medical facilities. You should add the construction industry to that list because it is the third most common target for cyberattacks....more
What Employers Can Do When a Union Knocks on Their Door -
When a union knocks on an employer's door, it can be a shock and awe experience for the unprepared employer. It is important for employers to understand their...more
4/6/2023
/ 3D Printing ,
Amended Rules ,
Building Codes ,
Business Development ,
Citations ,
Construction Industry ,
Construction Project ,
Cyber Attacks ,
Cybersecurity ,
Data Protection ,
Data Security ,
Department of Energy (DOE) ,
Department of Transportation (DOT) ,
Employer Liability Issues ,
Enforcement Actions ,
Environmental Policies ,
Florida ,
Highways ,
Labor Regulations ,
Labor Relations ,
Legislative Agendas ,
North Carolina ,
OSHA ,
Pennsylvania ,
Permits ,
Property Owners ,
Proposed Legislation ,
Remote Working ,
State and Local Government ,
Sustainable Projects ,
Unions ,
Workplace Safety
Now is the Time to Guard Against Reckless Banking Legislation -
“Only a structural change to the way Congress acts on financial regulation will prevent future losses.”
Why this is important: An old adage is that...more
4/3/2023
/ Bank Deposits ,
Banking Sector ,
Banks ,
Class Action ,
Cybersecurity ,
Depository Institutions ,
Disclosure Requirements ,
FDIC ,
Financial Crisis ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
Overdraft Fees ,
Proposed Legislation ,
Regulatory Agenda ,
Securities and Exchange Commission (SEC)
Amazon Sued for Not Telling New York Store Customers about Tracking Biometrics -
“Thanks to a 2021 law, New York is the only major American city to require businesses to post signs letting customers know they’re tracking...more
4/3/2023
/ 3D Printing ,
Authorship ,
Biometric Information ,
Biometric Information Privacy Act ,
Biotechnology ,
Chief Information Security Officer (CISO) ,
Class Action ,
Cryptocurrency ,
Cyber Attacks ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Security ,
Disclosure Requirements ,
Divorce ,
DNA ,
Email ,
Employer Liability Issues ,
Facial Recognition Technology ,
Fingerprints ,
Human Embryos ,
Incident Response Plans ,
Life Sciences ,
Medical Devices ,
Non-Fungible Tokens (NFTs) ,
Personal Data ,
Personally Identifiable Information ,
Popular ,
Securities and Exchange Commission (SEC) ,
State and Local Government ,
Technology Sector
With cybersecurity risks increasing and evolving moving into 2023, the federal government is taking steps to help secure our cyber infrastructure. The recent passing of the 2023 omnibus spending agreement included additional...more
Big Boosts to Cybersecurity and Tech Funding in $1.7T Omnibus Bill Signed by Biden -
“The bipartisan fiscal 2023 omnibus spending agreement includes $2.9 billion for the Cybersecurity and Infrastructure Security Agency, a...more
2/1/2023
/ Amazon ,
Animal Testing ,
Biden Administration ,
Biometric Information Privacy Act ,
Construction Industry ,
Cybersecurity ,
Cybersecurity Information Sharing Act (CISA) ,
Discrimination ,
Energy Sector ,
FBI ,
Federal Funding ,
Federal Trade Commission (FTC) ,
Financial Institutions ,
Financial Services Industry ,
Florida ,
Food and Drug Administration (FDA) ,
Infrastructure ,
North Korea ,
Popular ,
Privacy Acts ,
Privacy Laws ,
Remote Working ,
Scams ,
Social Media ,
State and Local Government ,
Telemedicine ,
Texas
Contech Trends to Watch in the New Year -
“As builders adapt to economic, supply chain and labor challenges, they’re turning to technology to boost performance.”
Why this is important: All of the turmoil of 2022 (the...more
1/27/2023
/ Building Codes ,
Business Strategies ,
Carbon Emissions ,
Climate Change ,
Construction Industry ,
Contractors ,
Cybersecurity ,
Drones ,
Employees ,
Employer Liability Issues ,
Infrastructure ,
Infrastructure Financing ,
Infrastructure Investment and Jobs Act (IIJA) ,
Popular ,
Prevailing Wages ,
Software ,
State and Local Government ,
Subcontractors ,
Technology ,
Wage and Hour ,
Workplace Safety
North Carolina Power Outage Points to Homeland Security Long-Documented Threats to US Power Grid -
“Moore County blackouts serve as reminder that nation’s electricity infrastructure could be vulnerable targets for domestic...more
12/16/2022
/ Advertising ,
Banking Sector ,
Chapter 11 ,
Class Action ,
Consumer Privacy Rights ,
Coronavirus/COVID-19 ,
Critical Infrastructure Sectors ,
Cuba ,
Cybersecurity ,
Data Collection ,
Debt Collection ,
Department of Homeland Security (DHS) ,
Electricity ,
FDIC ,
Federal Trade Commission (FTC) ,
Health Insurance Portability and Accountability Act (HIPAA) ,
Healthcare ,
Infrastructure ,
Non-Bank Lenders ,
OCR ,
Phishing Scams ,
Power Grid ,
Privacy Laws ,
Ransomware ,
Regulatory Agenda ,
State and Local Government ,
Technology Sector ,
Terrorist Threats ,
Text Messages ,
Threat Management ,
Tracking Systems ,
Unsolicited Advertisements
A recent survey by PricewaterhouseCoopers revealed that U.S. executives now consider cyberattacks the number one risk their companies face. Concerns about cybersecurity have moved beyond the Chief Information Security Office...more
12/7/2022
/ Bias ,
Consumer Financial Products ,
Consumer Financial Protection Bureau (CFPB) ,
Consumer Lenders ,
Credit Cards ,
Credit Reports ,
Cyber Attacks ,
Cybersecurity ,
Data Protection ,
Enforcement Actions ,
Financial Services Industry ,
Legislative Agendas ,
Loan Applications ,
Loan Forgiveness ,
Nursing Homes ,
Popular ,
Student Loans ,
UDAAP ,
Unfair or Deceptive Trade Practices
Welcome to our 6th edition of The Academic Advisor - our e-newsletter focused on education law insights. In this issue, we look at a variety of topics, including a recent federal court challenge to employment options for F-1...more
11/21/2022
/ Colleges ,
Cybersecurity ,
Department of Education ,
Department of Homeland Security (DHS) ,
Department of Justice (DOJ) ,
Educational Institutions ,
F-1 Visa ,
Federal Trade Commission (FTC) ,
Foreign Exchange Students ,
FTC Act ,
Immigration and Nationality Act ,
Opioid ,
Personal Data ,
Ransomware ,
Section 5 ,
Student Privacy ,
Students ,
Substance Abuse ,
Title IX ,
Universities
The Supreme Court has Made It Harder to Regulate New Technologies -
“However, the way the Supreme Court did this—by recognizing and endorsing the ‘major questions doctrine’—threatens regulation and public policy in the...more
EU and U.S. Agree to New Data-Sharing Pact, Offering Some Respite for Big Tech
“For over a year, officials on either side of the Atlantic have been hashing out a deal to replace the so-called Privacy Shield.”
Why this...more