FTC Holding Privacy Roundtables
H6
March 17, 2010
NCISS Members
The Federal Trade Commission (FTC) will be holding its third in
a series of privacy roundtables this Wednesday in Washington,
DC. Larry Sabbath will be attending for NCISS. The FTC has been
exploring what it sees as the privacy challenges posed by
technology and business practices that collect consumer data.
This week's roundtable will include panels on Internet
architecture, the collection of sensitive health information and
lessons learned from these roundtable events.
In advance of the roundtable, NCISS provided its views to the
Commission, at its request, about how to protect sensitive
information, urging that financial institutions improve
authentication practices to help prevent identity theft. Most
important, we urged that efforts to protect personal data not
restrict the ability of investigators to obtain information that
is essential to our ability to fight fraud.
In related news, Senator Chris Dodd (D-CT) today unveiled his
new financial reform proposal. Unlike President Obama's
recommendation, adopted by the House, the Dodd measure would not
create a separate consumer agency. It would instead, house a
consumer protection bureau within the Federal Reserve. Most
important, the bill would transfer regulatory jurisdiction over
the Fair Credit Reporting Act to the new consumer bureau which
could establish rules regarding consumer reporting agencies. But
the bill does provide that the FCRA would be enforced by the
Federal Trade Commission. Senator Dodd recently broke off the
effort to make this bill bipartisan out of fear that the effort
was taking too long. The consumer issue remains highly
controversial, so it is not clear at this time exactly how
privacy and
FCRA issues will be handled when the bill is finally completed.
The FTC's role in financial reform will also be the subject of a
hearing this week in the Senate Commerce Committee.
Regardless of what regulatory structure emerges, NCISS will
continue to work with agencies that have jurisdiction over the
profession.
Sincerely,
Lawrence Sabbath
NCISS Legislative Advocate
NCISS
7501 Sparrows
Point Blvd.
Baltimore, Maryland 21219-1927
(800) 445-8408 . Fax:
(410) 388-9746
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