INSIDE COMPLIANCE – Page 38 – Loyola University Chicago School of Law

Protecting the Freedom of Reading during the Rise of Book Censorship

October 6, 2022Uncategorized

This year, September 18th marked the start of Banned Books Week, which ran through September 24th with the purpose of bringing awareness to books that have been banned in libraries and classrooms across the United States. With the recent rise of politicization of education in America, the movement to ban books has skyrocketed. This year is already seeing record numbers of restrictions on books being taught in schools, with the American Library Association citing close to 700 book challenges that have already been brought. The rise of book censorship is being fueled by organizations with a focus on censoring books they deem should be banned from schools, who are compiling lists of hundreds of books with themes they disagree with.

EducationRegulation

Corporations Need to Pay More Attention to UN’s Sustainable Development Goals

October 6, 2022Uncategorized

On September 13, 2022, the United Nations General Assembly “UNGA” opened its 77th session in New York City. The UNGA is an international policy making organization made up of several Member States. Businesses and companies look towards developments from UNGA to implement procedures for sustainable practices that ensure their companies contribute to a healthy and sustainable environment and development. This article analyzes why and how companies need to emphasize the UN’s Sustainable Development Goals “SDGs” and how the compliance industry can hold companies accountable.

Corporate Complianceenvironmental regulationenvironmentsustainabilityUnited Nations

Can We Do Anything About Sexual Crimes in the Metaverse?

October 6, 2022Uncategorized

* Content warning: This piece contains references to sexual assault and harassment.

In an article entitled Reality or Fiction, Nina Jane Patel shared her experience with sexual harassment in the Metaverse. She repeatedly asked fellow users to stop and tried to move away, but they followed her, continuing their verbal assault and sexual advances. In part, she writes, “they touched and groped while they took selfies. They were laughing, they were aggressive, and relentless. I froze. It was a nightmare.” As she tried to escape the situation, she could still hear them – “don’t pretend you didn’t love it, this is why you came here.” After the assault, she couldn’t report it to the police, and no suit was filed against the group of four men.

Augmented RealityMetaverseMETAFacebookTechnology and the LawVirtual Realitysexual harassmentRegulation

Mismanagement of Client Data Results in a $35 Million Fine for Large Investment Company

October 5, 2022Finance & Banking

Juhi Desai Associate Editor Loyola University Chicago School of Law, JD 2024 Morgan Stanley Smith Barney (“Morgan Stanley”), a leading investment company, found itself in hot water after complaints of a data breach. In 2015, Morgan Stanley allegedly auctioned off devices that contained sensitive information. On September 20, 2022, the U.S. Securities and Exchange Commission …
Read more

Privacy & Security

Regulating the Unregulated: Where is Cryptocurrency Headed?

September 30, 2022Finance & Banking

While over 10 years have passed since Satoshi Nakamoto first introduced Bitcoin, digital currencies continue to remain unregulated by financial authorities despite a number of challenges that have plagued consumers and the government: the Silk Road, fraud, and various other financial crimes. Additionally, many consumers invest in cryptocurrencies because they are not controlled by any central government monetary policies. However, cryptocurrency investors are also at risk of their money losing its value when the market takes a tumble, as evidenced by the recent current cryptocurrency downturn. Despite these continued challenges, imposing regulations on cryptocurrencies has proven to be difficult. Until President Biden’s Executive Order, issued on March 9th of this year, the White House steered clear of recognizing digital assets as a valid form of currency. The President’s Order explicitly recognized the need for research and policy implementation across various government agencies in order to shape the way cryptocurrencies are regulated.

CryptocurrencyDigital AssetsBanking/FinanceExecutive OrdersRegulation

Considerations for Employer-Provided Abortion Benefits

September 30, 2022Uncategorized

Following the ruling of Dobbs v. Jackson Women’s Health Organization and subsequent reversal of Roe v. Wade, employers have begun to re-strategize how to help their employees legally access abortions. Several U.S. companies, including Amazon, Meta, Apple, and Microsoft, have released statements that they will cover transportation costs to other states for employees seeking an abortion.

ERISAabortionHealth InsuranceTransportation

Jarksey v. SEC and the Future of Administrative Adjudications

September 29, 2022Fraud & Abuse, Finance & Banking

On May 18, 2022, the United States Court of Appeals for the Fifth Circuit issued a novel and divisive decision that greatly restricts the administrative enforcement powers of the SEC and its use of Administrative Law Judges (ALJs) in Jarksey v. SEC. Although much deliberation has been had over the implications and immediate impact of this ruling, the takeaway is that the Securities and Exchange Commission (SEC) may be facing significant challenges to its internal enforcement procedures in the near future.

Dodd-FrankfraudSupreme CourtSEC

Technology Giants Facing Historical BIPA Violations

September 28, 2022Uncategorized

A settlement has been reached in a $100 million dollar class action lawsuit against Google impacting an estimated 1.4 million Illinois resident users. The order comes as a result of Rivera, et al. v. Google LLC , where users photographs appeared in the storage application service, known as Google Photos, without having acquired proper consent nor provided notice to its users. Google is only one of many technology giants joining trending litigation in violation of the Biometric Information Privacy Act (BIPA). While this settlement is one of the largest in Illinois to date, one can expect there to be more class-action lawsuits on the way.

big techBiometric Information Privacy ActBIPALitigationFacebookgoogletechnologyPrivacy & Security

Employment Contracts: The History of Non-Compete Agreements and the Future of Garden Leave Provisions

September 28, 2022Finance & Banking

Non-competes are a traditional approach for employers seeking to place a restrictive covenant on an employee post termination or resignation. Recent studies show as high as 39.8 percent of all private sector employers are requiring non-competes, regardless of age or position. These agreements are typically signed by an employee near the date of hire, or over the course of employment, and typically limit the employee from working for or with competitors post-employment; sometimes even placing further restrictions regarding geographical areas or time periods.

EmploymentEmployment AgreementsBanking/FinanceGarden Leave Provisions

The Long Road Toward Federal Data Privacy

September 28, 2022Uncategorized

In June of this year, the U.S. House Committee on Energy and Commerce’s Subcommittee on Consumer protection and Commerce met regarding the American Data Privacy and Protection Act (ADPPA). At this meeting the committee members highlighted that this bill, seeking to establish federal data privacy, is intended to be a compromise on the topic of federal privacy legislation as committee members from both sides agree that a federal privacy act is necessary.

consumer protectiondata privacyLegislationPrivacy & Security