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U.S. Banking Agencies Signal Closer Review of Cryptocurrency Activities

Data Matters

On November 23, 2021, the Office of the Comptroller of the Currency ( OCC ) published Interpretative Letter No. The Letter specifically highlights that there may be different legal and compliance obligations for stablecoin activities depending on how the particular stablecoin is structured, noting that “certain stablecoins may be securities.”

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Cybersecurity Standards for the Insurance Sector – A New Patchwork Quilt in the US?

HL Chronicle of Data Protection

In the past two years, multiple state bills that have been introduced in the US to provide for cybersecurity requirements and standards to the insurance sector, with recent legislative activity taking place in particular within the States of Ohio, South Carolina, and Michigan. NYDFS: Setting a new bar for state cybersecurity regulation.

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CCPA Marches On: California Attorney General Proposes Further Revisions to CCPA Regulations, Industry Pleads for Enforcement Delay Amid COVID-19 Crisis

Data Matters

On March 11, 2020, the California Attorney General (“AG”) released the third turn of proposed California Consumer Privacy Act (“CCPA”) regulations. Accordingly, businesses are left to push forward implementation as many compliance offices are working from home and managing extraordinary needs in light of the COVID-19 crisis.

Privacy 68
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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.