INSIDE COMPLIANCE – Page 5 – Loyola University Chicago School of Law

The Cosmetic Industry Gets a Makeover: Building a Strong ‘Foundation’ for Safety Standards

October 4, 2023Uncategorized

On December 29, 2022, President Joe Biden signed a massive $1.7 trillion omnibus federal spending bill into law. Most notably, as tweeted out by Biden, this comprehensive legislation focused on investing in medical research and safety, veteran’s healthcare, disaster recovery, funding for the Violence Against Women Act, and military aid to Ukraine. Importantly, the bill also establishes the Modernization of Cosmetic Regulation Act of 2022 (MoCRA), which according to Biden, is “the most significant expansion of FDA’s authority to regulate the cosmetics industry since the Federal Food, Drug, and Cosmetic (FD&C) Act was passed in 1938.” This legislation ushers in long overdue and stepped-up regulatory oversight, compliance, and consumer protection in the previously loosely regulated cosmetics industry. This blog will discuss the need for the updated regulations, the landmark litigation that illustrated the negative impacts on consumer’s health from an industry that was less than transparent and under-regulated, and the intent of the new legislation including if the legislation goes far enough to protect consumers from potentially harmful products.

cosmeticsFood Drug and Cosmetic Act

Cybersecurity Compliance: Safeguarding Sensitive Information

October 2, 2023Uncategorized

In today’s interconnected world, cybersecurity regulations have become crucial for organizations to safeguard sensitive information, mitigating legal and commercial risks. Navigating the complex landscape of regulatory compliance can be a daunting task. However, organizations can effectively meet the regulatory compliance challenge and protect their data with the appropriate standards, procedures, and protocols.

cyber-securityFISMAFTC

The Future of Privacy in Tech Might Just Depend on Trust

September 29, 2023Uncategorized

It is fair to say that privacy is a priority for nearly all companies, but technology organizations in particular. Many have had to adopt and quickly develop robust compliance programs, documentation, reporting, and consumer request systems to comply with global privacy laws or face serious fines and consequences. In the United States alone, nine states (California, Virginia, Connecticut, Colorado, Utah, Iowa, Indiana, Tennessee, and Montana) have signed comprehensive privacy laws into effect with an additional 16 pending in local legislature. Beyond this, individual one-off laws such as the Illinois Biometric Information Privacy Act, signed into effect in 2008, make privacy even more important.

big techConsumer TrustPrivacy CompliancePrivacy ProgramTrust Center

College Tuition Payment Plans Are Putting Student Borrowers at Risk

September 28, 2023Uncategorized

Doria Keys Associate Editor Loyola University Chicago School of Law, JD 2025 College is typically the first instance in which many Americans encounter debt collection, lending, and credit reporting. The most common way that students borrow is by acquiring student loans, either from the U.S. Department of Education or from private financial institutions. A less …
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CFPBEducationfinancial regulationRegulationTitle IV

Federal Trade Commission Proposed Rules Shake Up M&A Market

September 28, 2023Uncategorized

Tomer D. Elkayam Associate Editor Loyola University Chicago School of Law, JD 2024 The Federal Trade Commission (FTC) has announced proposed changes to the Hart-Scott Rodino Antitrust Improvement Act (HSR Act), which are considered the most substantive changes since its enactment 47 years ago. The HSR Act, which is codified at 15 U.S.C. § 18a, …
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Fragrance Regulations Prioritize Wealth Over Health

September 28, 2023Uncategorized

Whether it is recognized or not, humans are exposed to a variety of products containing fragrances every single day. However, for something that is so common in the average human’s life, these chemicals are not as highly regulated as consumers would expect. While the Food and Drug Administration has requirements in place that fragrance formulas must meet in order to be incorporated in products, these formulas can also be considered “trade secrets.” This means that the formulas do not have to be disclosed to the public after FDA review. As a result, consumers should become more educated about potentially hazardous fragrance chemicals. These chemicals may lead to negative health consequences because they have gone unnoticed by the public.

cosmeticsFDAfragrance

New Mental Health Parity Rules on the Horizon

September 27, 2023Healthcare Compliance

On July 25, 2023, the Departments of Labor, Health and Human Services, and the Treasury (the agencies) proposed new rules placing heightened compliance standards on health insurers and plans regarding the use of Non-Quantitative Treatment Limitations (NQTLs) for mental health and substance abuse disorder (MHSUD) services. These new rules amend the current reporting requirements with the intent to establish ongoing reporting that more clearly demonstrates whether MHSUD services are provided in compliance with the law.

Health InsurancehealthcareMental Health Parity

From Chatbots to Diagnosis: The Power and Pitfalls of AI in Healthcare

September 25, 2023Healthcare Compliance, HIPAA & Health Information

The capabilities of generative artificial intelligence (AI) could completely transform our healthcare system as we know it. For better or for worse, the technology advancements in healthcare are rapidly growing. Given the accelerated rollout, experts have yet to predict all the risks associated with such high-functioning computations in the healthcare system. Even though the Food and Drug Administration (FDA) regulates software being used as medical devices (SaMD), there is an overall lack of urgency, agency oversight, and sufficient regulations to tame AI technology in the healthcare system.

FDAgenerative AIhealthcare

Whatever happens in Vegas, will not stay in Vegas – Casino Cyberattacks

September 25, 2023Uncategorized

On September 11th, 2023, a cyberattack flooded the front pages of publications around the world- MGM Resorts and Caesars Entertainment were the victims of a costly incident. Patrons looking to enter their hotel rooms, go for another spin on the slot machines, or use casino rewards, were appalled at the persistent error messages that kept disrupting them from doing so. The breach had lasted over a week without a concise and strong end to the damage, leaving travelers vulnerable. It is customary that companies seek to find the culprit of the breach, deplete its ability to do more damage, and inform patrons of their safety being returned, and this proactiveness was missing.

compliancecyber-securityData Breachesdata security regulationintellectual propertyransomware attacks

Protecting Classified Information: Scrutiny, Legislation, and Potential Ripple Effects

September 24, 2023National Security

In recent months, the protection of classified material has been a prominent topic in the media. Following a DOJ probe into the matter, on June 8th, 2023, Trump was indicted by the Florida Grand Jury for the alleged mishandling of classified documents. These serious accusations have prompted questions regarding existing policies and legislation aimed at protecting our country against security threats, as well as questions regarding how well the existing policies and laws are protecting our nation’s most sensitive secrets. This blog examines the current legislation that governs the classification, handling, storage, and protection of classified information, and how the current system lacks sufficient rigor to prevent persons with ill intent from exploiting the weaknesses in the system. Finally, there will be a review of the current, proposed legislation that is intended to tighten up the classification system and prevent a repeat of serious security threats that have recently come to light.