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GDPR Compliance for U.S. Depository Financial Institutions
- Learn whether your depository institution is covered by GDPR
- Understand the key obligations GDPR places on covered depository institutions
- Identify key action steps that covered depository institutions should take to ensure compliance
Overview of the webinar
On May 25th, 2018 the General Data Protection Regulation (GDPR) became effective in the European Union (EU). The GDPR establishes a number of new requirements on covered depository institutions that go beyond existing U.S. financial privacy and data security laws. Penalties for noncompliance with GDPR can range as high as 4 per cent of your institution’s annual global revenue, or 20 million in euro, whichever is greater. In this webinar, we cover what GDPR is, who it affects, what key obligations it places on depository financial institutions, and how those obligations differ from existing U.S. laws.
Who should attend?
- Compliance Officers
- Privacy and Data Security Officers
- Risk and Compliance Officers
- Chief Information Officers
- IT Officers
Why should you attend?
The EU General Data Protection Regulation (GDPR) is the most comprehensive reform in data privacy regulation in over 20 years. The new law seeks to give individuals robust control over their personal data and establish uniform data protection rules across all EU countries. If your business collects or processes the personal data of any individual within the Union, it is subject to GDPR no matter where your business is located. The regulation will impact businesses, including financial institutions, around the world. The regulation also has teeth, with the potential to impose fines up to 4% of your global revenue.
Faculty - Ms.Jennifer Newton
Jennifer Newton is a former Federal Financial Services Regulator from the U.S. Consumer Financial Protection Bureau (CFPB) and brings clients more than a decade of consumer compliance management and risk advisory experience. With her combined experience in the federal government, law firm, and in-house compliance positions, Jennifer offers an uncommonly broad range and depth of consumer compliance expertise in banking and financial service matters. She regularly consults with clients on complex issues relating to the Real Estate Settlement Procedures Act (RESPA), Telephone Consumer Protection Act (TCPA), Home Mortgage Disclosure Act (HMDA), the Gramm-Leach-Bliley Act (GLBA) and the Fair Credit Reporting Act (FCRA). She also guides clients on deposit and consumer lending issues under the Unfair Deceptive Abusive Acts and Practices Act (UDAAP), the Truth in Savings Act (TISA), Regulation CC, the CARD Act, Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), the Community Reinvestment Act (CRA) and the Fair Debt Collection Practices Act (FDCPA). In addition, Jennifer works with clients on privacy and financial technology (fintech) matters involving data security, data breach, open banking, and payment system issues under the Electronic Fund Transfer Act (EFTA), the Global Data Privacy Regulation (GDPR) and federal and state privacy laws, including the GLBA, HIPAA, ADA, CFAA, FCRA and the Florida FIPA.