The SEC set an effective date for Privacy Act amendments of October 26, 2023. The effective date was published in the Federal Register.
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The SEC amended Privacy Act regulations that are applicable to the Commission (not the regulations that apply to registrants) to eliminate unnecessary provisions and introduce electronic methods for identity verification and Privacy Act requests.
CFPB Director Rohit Chopra and European Commissioner for Justice and Consumer Protection Didier Reynders began an "informal dialogue" to address "critical" consumer protection issues related to the "digitalisation of the financial services."
SEC Commissioner Jaime Lizárraga warned of the potential risks to investors posed by artificial intelligence and touted SEC initiatives to improve cybersecurity.
Comments on an SEC proposal to amend regulations on consumer financial privacy and information safeguards ("Reg S-P") are due by June 5, 2023.