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In today's data-driven world, managing personal and business information is more complex than ever. At Oberman Law Firm, we provide expert guidance on a broad range of privacy and data-governance issues that keep our clients in compliance. With our extensive experience, innovative skills, and practical solutions, Oberman Law Firm is your trusted partner in navigating the complexities of privacy and data governance. Learn more by visiting https://ow.ly/Uq3650Ua7gP. #PrivacyLaw #DataGovernance #RegulatoryCompliance #ObermanLaw #DataSecurity #BusinessCompliance

Don't forget to register your free place for Venable LLP's upcoming masterclass (https://lnkd.in/ej2Pfg5B) on 30 October 2024 at 4pm UTC. The firm's partner, Michael Signorelli and associate, Nana Abrefah will come together to highlight the key privacy legal developments in 2024. They will walk you through trends such as litigation involving New Jersey's Daniel's Law and the status of private rights of action in consumer privacy laws. Additionally, they will talk about the new laws and items that you need to watch out for in 2025, allowing you to prepare and adapt to the evolving landscape. Some of the topics covered: - Key elements of existing privacy law requirements - Priority areas that someone subject to state laws may consider as we approach 2025 - A forecast of 2025 legislative trends - How privacy enforcement, particularly of rights requests, via private right of action has affected industry -  Practical responses to regulator inquiries about registering an entity for certain data practice #DataPrivacy #DataSecurity #ConsumerPrivacy #DataProtection

In today's data-driven world, managing personal and business information is more complex than ever. At Oberman Law Firm, we provide expert guidance on a broad range of privacy and data-governance issues that keep our clients in compliance. With our extensive experience, innovative skills, and practical solutions, Oberman Law Firm is your trusted partner in navigating the complexities of privacy and data governance. Learn more by visiting https://ow.ly/cYGO50Ua7gL. #PrivacyLaw #DataGovernance #RegulatoryCompliance #ObermanLaw #DataSecurity #BusinessCompliance

A federal district court in Texas has issued a landmark decision postponing the enforcement of the Corporate Transparency Act (the “CTA”). The Court held that the CTA exceeds Congress’ power and is therefore likely unconstitutional. As a result, reporting companies are no longer required to comply with the CTA’s January 1, 2025, reporting deadline. As a reminder, the CTA imposed reporting requirements on many small businesses, requiring the “beneficial owners” of reporting companies to submit sensitive information to the federal government. In its ruling, the court highlighted that this reporting constituted an overreach into state-regulated corporate formations and raised concerns about potential violations of privacy and constitutional protections.

No, it's generally not advisable for an executive of one company to sit on the board of a competing company due to conflict of interest concerns. This could lead to breaches of fiduciary duty, as the executive has obligations to act in the best interests of both companies, which might not align. It may also lead to issues around confidentiality and antitrust laws. Companies typically have policies and regulations to prevent such overlaps to protect competitive integrity and proprietary information.

On June 18, 2024, Texas Attorney General Ken Paxton took decisive action to protect consumer privacy by notifying over 100 companies of their apparent failure to comply with Texas’s Data Broker Law. Key Points of the Texas Data Broker Law: - Mandatory Registration: Data brokers must publicly register with the Texas Secretary of State by March 1, 2024. - Data Safeguards: Brokers are required to implement and maintain safeguards to protect Texans' personal data. - Penalties for Non-Compliance: Companies failing to register face penalties under Chapter 509 of the Texas Business and Commerce Code. - New Enforcement Team: This action is part of Attorney General Paxton’s initiative to establish a specialized team within the Consumer Protection Division dedicated to aggressively enforcing Texas privacy laws and ensuring companies respect Texans’ privacy rights. Follow Global Regulatory Insights for the latest updates on consumer protection and privacy regulations. #DataPrivacy #ConsumerProtection #TexasLaw #DataBrokerLaw #GRI

Litigation related to data privacy and consent is on the rise. Not getting consent and privacy settings precisely correct could lead to expensive litigation, enforcements and penalties for your organization. Join Sourcepoint the practical privacy experts and Baker Hostetler for a webinar on Privacy Litigation on October 30th. Register here: https://hubs.li/Q02Th25h0

🚨 Texas Court Blocks Corporate Transparency Act Enforcement A Texas court has issued a temporary halt on the enforcement of the Corporate Transparency Act (CTA), delaying the rollout of Beneficial Ownership Information (BOI) reporting requirements. This decision is a significant WIN for small businesses, many of which faced challenges in navigating the burdensome compliance requirements. The ruling also highlights growing concerns about privacy, as the CTA mandates detailed ownership disclosures that some argue overstep bounds. While this pause provides some breathing room, the future of the rule remains uncertain. Stay informed and ensure your business is prepared for potential updates. hashtag#CorporateTransparencyAct hashtag#Compliance hashtag#BOIReporting hashtag#FinancialRegulations hashtag#smallbusiness

Businesses operating in Colorado and Connecticut, take note! These states have enacted privacy laws which impact the way you collect and handle consumer data. Here's a concise explanation of these regulations, helping you navigate the changing legal landscape so your business remains compliant. Click here to learn more and protect your brand & customers! https://hubs.li/Q02zzHJB0 #privacyregulations #dataprotectioncompliance #consumerprivacy #coloradolaw #connecticutlaw #ctdpa #cpa

Starting September 22, 2024, Québec's new data portability law comes into effect as part of the final phase of amendments under Law 25. This law imposes new obligations on companies subject to the Quebec Privacy Act, following earlier phases implemented in 2022 and 2023. Law 25, aimed at modernizing personal information protections, marks a significant shift for businesses operating in Québec. Read more from lawyer Amir Kashdaran here: https://bit.ly/4emryZS #DataPortability #PrivacyLaw #Law25 #QuebecPrivacyAct