Tag Archives: Compliance

Incorrect Tax Information Returns: IRS Penalties

Businesses, financial institutions and governmental entities are required to file tax information returns with the SSA or IRS. Some organizations file hundreds of thousands of these forms on a regular basis. The IRS imposes penalties for information returns that are incorrect. In some cases, the IRS identifies the issue and imposes penalties.… Continue Reading

Recent Amendments to EPA’s Formaldehyde Emissions Final Rule Affect Furniture Industry

In a move affecting retailers in the furniture and other wood-based industries, the EPA recently issued a series of amendments to its Final Rule implementing the Formaldehyde Standards for Composite Wood Products Act, which added Title VI to the Toxic Substances Control Act. The Formaldehyde Final Rule sets formaldehyde emissions standards for composite wood products and includes requirements for the testing, third-party certification, import certification and labeling of covered products by manufacturers of those products.… Continue Reading

California’s Appliance Efficiency Standards and the Cost of Non-Compliance

It is no secret that California has had appliance efficiency standards in place for some time now. And it is no secret that the California Energy Commission has been responsible for crafting those standards. According to the CEC and the California State Legislature, however, compliance with those standards has been hit-or-miss. Continue reading to see what retailers can do to ensure compliance. … Continue Reading

FTC Releases Guidance on COPPA Compliance

On June 21, 2017, the Federal Trade Commission updated its guidance, Six-Step Compliance Plan for Your Business, for complying with the Children’s Online Privacy Protection Act. The FTC enforces the COPPA Rule, which sets requirements regarding children’s privacy and safety online.… Continue Reading

Cybersecurity Law Goes Into Effect in China

On June 1, 2017, the new Cybersecurity Law went into effect in China. This post takes stock of (1) which measures have been passed so far, (2) which ones go into effect on June 1 and (3) which ones are in progress but have yet to be promulgated.… Continue Reading

Global Ransomware Attacks Raise Key Legal Considerations

On May 12, 2017, a massive ransomware attack, known as “WannaCry,” began affecting tens of thousands of computer systems in over 100 countries. These types of incidents can have significant legal implications for affected entities and industries for whom data access and continuity is critical. As affected entities work to understand and respond to the threat of ransomware, we address some of the key legal considerations.… Continue Reading

How Companies Can Comply with the Newly Effective Consumer Review Fairness Act

On March 14, 2017, the Consumer Review Fairness Act of 2016 will come into effect, 90 days after it was signed into law by President Obama. The Fairness Act was passed in response to an increase in the use of so-called “non-disparagement clauses” that prohibited consumers from sharing their honest opinions about a seller’s goods, services or conduct.… Continue Reading

Neiman Marcus Agrees to Settlement in Data Breach Class Action

On March 17, 2017, retailer Neiman Marcus agreed to pay $1.6 million as part of a proposed settlement (the “Settlement”) to a consumer class action lawsuit stemming from a 2013 data breach that allegedly compromised the credit card data of approximately 350,000 customers.… Continue Reading

Home Depot Settles Data Breach Claims

On March 9, 2017, Home Depot reached an agreement that includes the payment of 25 million dollars and the implementation of new data security measures to resolve a putative class action brought by financial institutions impacted by the company’s 2014 data breach.… Continue Reading

Are You Ready for China’s New Cybersecurity Law?

The Standing Committee of the National People’s Congress of China enacted a new Cybersecurity Law in November 2016. The final Cybersecurity Law will apply to many multinational companies starting June 1, 2017. Hunton & Williams will host a webinar on China’s New Cybersecurity Law on March 7, 2017. This blog entry provides additional information on the event and a link to register for the complimentary program. … Continue Reading

FTC Issues Report on Cross-Device Tracking

On January 23, 2017, the FTC released a Staff Report on cross-device tracking technology that can link multiple Internet-connected devices to the same person and track that person’s activity across those devices. The Report follows a November 2015 workshop on the same subject and is based on information and comments gathered during that workshop.… Continue Reading
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