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The White House proposal would prohibit affiliates of large financial conglomerates, for example, an insurance company and a bank, from sharing information like medical records when a customer applies for a loan unless the customer consented.
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Since then, Ms. Capone has been negotiating an obstacle course of city permits, and along the way, she made the ill-fated decision — with her customers' consent — to operate without city approval until things were sorted out.
Chicago is severing business ties with Wells Fargo & Co. for a year after the bank paid penalties to settle claims that employees opened accounts without customers' consent to meet sales goals.
The law, which is to take effect next month, requires technology companies to limit their collection of user data to what they need to perform services, and to obtain customers' consent for how their data will be used and with whom it will be shared.
Obtaining customer consent (and retaining evidence of consent) for opening new accounts.
They must use only data that they have earned through explicit customer consent.
Under the GDPR, this data will be lost unless the customer consents to sharing this information.
Shifting norms and expectations of regulators and other enforcement authorities with respect to customer consent and uses of customer data.
There are a few laws, like the Video Privacy Protection Act, that prohibit businesses from releasing personally identifiable records, like video rental histories, without customer consent.
Living.com, a bankrupt Internet furniture retailer, will not be allowed to sell customer lists without customer consent under a settlement proposed by the office of the Texas attorney general, John Cornyn.
The regulations planned in New York would prevent insurance companies from sharing medical records with affiliates or third parties unless the customer consents in writing, said Kevin Rampe, the general counsel for the Insurance Department.
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