The California Attorney General proposed additional modifications to proposed regulations for the California Consumer Privacy Act. The Act went into effect on January 1, 2020, and will be enforced starting July 1, 2020.
On July 17, 2019, members of the U.S. House Committee on Financial Services considered testimony on the potential impact of Facebook's proposed cryptocurrency on consumers, investors and the global financial system.
In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
The California Attorney General proposed draft regulations to the soon-to-be effective California Consumer Privacy Act. The proposed regulations provide clarity on the collection and use of personal data by businesses and organizations.
Five companies settled FTC charges for falsely identifying themselves as participants in the EU-U.S. Privacy Shield framework, which allows companies to transfer consumer data from the European Union and Switzerland to the United States.