Singapore Joins the Accountability-based APEC System

While companies work to comply with the General Data Protection Regulation (GDPR), the European law that takes effect on May 25, it is important to remember that countries in other parts of the world also are adopting new approaches to information privacy protection. Companies that plan to do business in new markets should take note of these and understand that the steps they take to comply with the GDPR – particularly with respect to accountability –…

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FTC Settles Complaint Against Venmo

On February 27, the Federal Trade Commission (FTC) reached a settlement with Paypal, Inc. relating to the privacy and security practices of Venmo, Paypal’s peer-to-peer payment service. The FTC alleged that Venmo failed to adequately disclose to its users that transfers of funds from their Venmo balances to external bank accounts were subject to review, and such funds could be frozen or removed in cases of suspected fraud. The FTC’s complaint also charges that Venmo…

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