Federal Activities:
On February 12, the Secretary of the Treasury Janet Yellen participated in a virtual meeting with G7 finance minsters and central bank governments. The secretary emphasized the commitment of the Biden administration to multilateralism to solve global issues, stating that the United States “places a high priority on deepening our international engagement and strengthening our alliances.” For more information, click
On February 12, the Federal Reserve Board released the hypothetical scenarios for its 2021 bank stress tests. Last year, the board found that large banks were generally well capitalized under a range of hypothetical events, but due to continuing economic uncertainty, placed restrictions on bank payouts to preserve the strength of the banking sector. The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels, which provide a cushion against losses under hypothetical recession scenarios that extend nine q
Like Europe’s GDPR and the CCPA, the CDPA expands consumer rights to access, correct, delete, and obtain a copy of personal data provided to or collected by a company, and to opt out of processing of the personal data for purposes of targeted advertising, sale, or profiling of the personal data.
New Virginia Privacy Bill | Polsinelli jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
A “business” under the CCPA also must satisfy additional requirements modified by the CPRA as follows: annual gross revenues in the preceding calendar year in excess of $25 million and buys, sells, or shares personal information of 100,000 or more consumers or households”