Understanding the financial privacy and data security landscape in the U.S. involves following a moving target as the landscape is continually changing. To appropriately advise clients on these issues, it is necessary to stay on top of the ever-changing legal, regulatory, and industry developments that impact data protection issues. This practical and user-friendly resource provides a basic understanding of major data protection laws and regulations relevant to the U.S. financial sector and guides you on where and how to seek further information.
To help you tackle and untangle the intricacies of this evolving area of the law, this book includes practice tips and historical perspectives outlining relevant information. The book discusses:
- Fundamental concepts and terminology
- U.S. data protection framework
- Navigating and evaluating the requirements and risks
- The landscape of the major fedral laws - GLBA, FCRA, and RFPA - as well as relevant state analogues
- UDA(A)P and general consumer protection laws and other data protection laws
- Industry standards and initiatives, which can be helpful sources for best practices, information sharing, and peer benchmarking
- Laws, regulations, and risk considerations relevant to incident response
- And more!
This book was published on 07/06/2023
Khalil, Elizabeth: - Elizabeth Anne Khalil (CRCM, CAMS, CIPM, CIPP/C/E/US) Throughout her career, Elizabeth Anne Khalil has focused on financial privacy and data security, as well as other regulatory compliance and risk management matters affecting the financial services industry. She has served as U.S. Chief Privacy Officer for CIBC, one of the largest financial institutions headquartered in Canada, as well as Deputy General Counsel of CIBC Bank USA, a U.S. banking subsidiary of CIBC. Previously, she was a partner at the law firm of Dykema Gossett and a senior associate at the law firm of Hogan Lovells; at both firms, she advised banks, credit unions, and other financial services clients on privacy and other regulatory compliance and risk matters. She also was a federal banking regulator in Washington, DC, first at the Office of the Comptroller of the Currency, at which she was an enforcement attorney and member of the interagency rulemaking teams implementing the Fair and Accurate Credit Transactions Act (FACTA) amendments to the Fair Credit Reporting Act (FCRA), and at the Federal Deposit Insurance Corporation (FDIC), where she led the interagency working group that created the Federal Financial Institutions Examination Council (FFIEC) social media compliance guidance. She holds several compliance-related credentials, including, through the International Association of Privacy Professionals (IAPP), the Certified Information Privacy Manager designation, and the Certified Information Privacy Professional certifications for Canadian, European, and U.S. privacy. She graduated from the University of Michigan Law School and Georgetown University.
