Digital Markets Act gets final approval
The Czech Presidency of the Council of the European Union green-lights the Digital Markets Act (DMA). The law will take effect six months after it is published in the Official Journal of the European Union and signed by EU institutions. The council’s final approval is the last stage for full adoption.
Source: European Council, IAPP
Proposed American Data Privacy and Protection Act gets an amended version from authors
The proposed American Data Privacy and Protection Act (ADPPA) has an amended version released by legislators. Significant amendments that include the private right of action’s effectivity date were changed from four years to two years after adoption, and adjustments to the authority of the US Federal Trade Commission and the California Privacy Protection Agency. There are also modifications to the definitions for “covered entity” and “service provider” in the amended version.
Source: US House of Representatives, IAPP
Seizure of assets gets backing from EDPS
The European Data Protection Supervisor (EDPS) released its comments on the proposed confiscation of assets by the European Commission. The proposal will support law enforcement in EU states “identify, freeze, manage, and confiscate assets obtained through” organized crime. EDPS Wojciech Wiewiorowski supports the proposal since it emphasizes ensuring the importance of protecting personal data under EU law.
The banking app Plaid settles a $58 million class-action lawsuit
A federal judge has approved the $58 million settlement for a class-action lawsuit for the banking app Plaid. The tech startup provided bank “linking” and verification services for fintech apps customers used to send and receive money, including Venmo, Coinbase, Cash App, and Stripe. The case resulted from complaints from Plaid customers claiming the company harvested and sold their data without consent. When the complainants used the apps, they were unaware they provided banking login credentials to Plaid.
Source: Courthouse News Service, IAPP
