INSIDE COMPLIANCE

Reproductive Health Data Privacy – A Right To Life

May 12, 2023Marisa PolowitzHIPAA & Health Information

Following the Supreme Court decision to overturning Roe v. Wade on June 24, 2022, the Dobbs v. Jackson Women’s Health Organization ruling that gutted the long-established right to an abortion has been a constant focus, both inside and outside of the legal and healthcare communities. Notably, the ruling has remained a central focus within both the government, federal and state, and surrounding the tech sector. And these Dobbs-related conversations have a theme – the topic of health data privacy. But more specifically, discussions about data privacy surrounding reproductive healthcare.

Civil Rightsdata securityHIPAAprivacyPrivacy & SecurityRegulation

Legal Risks to Employers when Employees use ChatGPT

April 21, 2023Emily ZhangUncategorized

Since ChatGPT became public in November 2022, it has created questions for employers about how to incorporate the tool into workplace policies and best maintain compliance with government regulations. This artificial intelligence language platform, that is trained to interact conversationally and perform tasks, raises issues regarding intellectual property risks, inherent bias, data protection, and misleading content.

AIchatgptEmploymentEthicsintellectual propertyPrivacy & Security

McLaren Macomb’s Changes to Severance Agreements Signals a Shift in Power for the NLRB

April 20, 2023Lucas BowermanNLRB

Lucas Bowerman Associate Editor Loyola University Chicago School of Law, JD 2024 In McLaren Macomb, 372 NLRB No. 58, the National Labor Relations Board (NLRB) changed the validity and enforcement of confidentiality and non-disparagement clauses in severance agreements when it held that employers may no longer proffer language that infringes upon Section 7 National Labor …
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Employment LawLabor Compliancelabor unionsNLRB

Federal Trade Commission Rule Would Make it Easier to Cancel Subscriptions

April 20, 2023Sophia ShapiroCompliance Spotlight

The Federal Trade Commission (FTC) is proposing a rule that would make it easier for consumers to cancel subscription services and free trials they no longer want. This proposal, the “click to cancel” provision, was announced on March 22 and is part of the FTC’s ongoing review of its 1973 Negative Option Rule. This Rule regulates any and all unfair and deceptive practices related to subscriptions, memberships, and other recurring-payment programs.

complianceFTCregulatory compliance

Do More Bank Failures Equal More Bank Regulations?

April 19, 2023Hannah NewmanFinance & Banking

The recent closures of Silicon Valley Bank and Signature Bank, the second and third largest bank failures in U.S. history, have sparked intense discussions pertaining to banking regulations and resulted in both statements and ongoing investigations by the Biden administration, members of Congress, the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and U.S. Government Accountability Office (GAO).

American Banking AssociationBanking RegulationBanking/FinancecomplianceDepartment of the TreasuryFederal ReserveFederal Reserve BankfinanceSiliconValleyBank

“Fairness” Over Inclusion: Pushing Trans Athletes Out of Competitive Sports

April 18, 2023Zulay Valencia DiazAthletic Regulation

The fight for inclusion and equality in sports has been a long and ongoing battle. In recent years, the participation of transgender athletes at the professional level has been one of the most contentious issues. Even as countries like the US have made strides to advance equality for transgendered people, the world of athletics has struggled to find a way of allowing trans athletes to participate while assuaging claims of unfairness and safety concerns. With their decision to ban all trans athletes from participating in women’s sports, World Athletics – which governs track and field worldwide – has once again brought this hotly debated issue to the forefront. The decision has raised questions about the future of transgender athletes in sports and highlights the ongoing challenges they face in achieving full inclusion and equality.

athleticsInternational Regulationolympicstransgender

Time to Rethink Corporate Compliance amid DOJ’s New Guidelines

April 14, 2023Junmo YoonUncategorized

The U.S. Department of Justice (DOJ) announced significant changes to its Evaluation of Corporate Compliance Programs (ECCP) on March 2, 2023, at the American Bar Association’s National Institute on White Collar Crime. By investigating deeper into companies’ compliance programs, DOJ now provides new stricter guidelines and emphasizes its vigilance and the level of commitment expected from companies. The latest announcement illustrates DOJ’s continued emphasis on company policies regarding compliance incentives and disincentives in executive compensation and the preservation of company communications made via personal devices and instant messaging applications.

compliance oversightDepartment of JusticeDOJ

SEC Proposes Changes to Adviser Custody Rule

April 14, 2023Markael ButlerAdviser

On February 15, 2023, the Securities and Exchange Commission (SEC) proposed an enhanced safeguarding rule for registered investment advisers (RIAs) under the Investment Advisers Act of 1940. The proposal would require RIAs to implement certain additional measures to protect their clients’ assets from theft or misuse. Additionally, to combat the growing concerns around cryptocurrency and to modernize the Advisers Act, the SEC proposal would expand protection to all assets, not just funds or securities.

asset protectionCustodyJournal of Regulatory ComplianceSEC

Ninth Increase in Banking Interest Rates

April 14, 2023Taelor ThorntonUncategorized

Taelor Thornton Associate Editor Loyola University Chicago School of Law, JD 2024 During this long battle with inflation, the Federal Reserve (the Fed) has now raised the interest rates by a quarter for the ninth time in a year. In February 2023, the Fed increased the rates by a quarter from 4.75% to 5%. Rates …
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Journal of Regulatory Compliance

Democrats in Washington Push For Stronger Banking Regulations

April 14, 2023Samuel SchwabFinance & Banking

The Biden Administration acted strongly last month in response to the recent collapses of Silicon Valley Bank (SVB) and Signature Bank. Each collapse sent shockwaves through the U.S. banking system and shook the confidence of consumers nationwide. The Biden Administration showed swift and steady leadership in urgently addressing the crisis. The President and leading Democrats in Congress continue to push for stronger regulatory oversight with respect to the banks. This shows that the Democrats are on the right side of the banking issue, as they have been for the 16 years following the 2008 financial crisis.

BankingBidenBiden AdministrationcomplianceDemocratsdonald trumpElizabeth Warrenfinanceinside complianceJoe BidenPresidentPresident BidenPresident trumpregulatory complianceSenate DemocratsSenator WarrenSignatureSiliconValleyBankSVBTrumpTrump Administration