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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory announcements, recap key enforcement actions, and preview upcoming deadlines and events. We also include links to our articles, blogs, and webinars with more analysis in these areas. We understand that keeping on top of the rapidly evolving regulatory landscape is more important than ever for businesses seeking to offer new and ground-breaking technologies.
Regulatory Announcements
Emerging Tech
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February 1, 2021
The Federal Trade Commission (FTC) announced that it has finalized its approval for the settlement it reached with videoconferencing provider Zoom Video Communications, Inc. (Zoom) regarding claims it misled consumers about the level of security provided on its platform, as well as for allegedly compromising the security of Mac users by circumventing Mac security features. This is a follow-up to the FTC’s announcement in November about reaching the settlement with Zoom after filing its complaint against Zoom.
Under the final order announced today, Zoom is prohibited from making any misrepresentations regarding its privacy practices. The document requires Zoom to “implement a comprehensive security program, review any software updates for security flaws prior to release and ensure the updates will not hamper third-party security features.” Zoom is also mandated to have an independent third party perform biennial assessments of its