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US Bank's James Chosy: Where Tech Leads, So Do In-House Lawyers
In an interview, James Chosy detailed how he has reshaped his legal department to respond to the industry’s demand for digital products and increasing use of technology in general across banking. He has added some 34 lawyers in the past 18 months to keep pace with changing business needs, he said.
EU Takes a Major Step Toward Allowing Class Actions; U.S Chamber Legal Arm Objects
The new proposal is specifically aimed at giving all European Union consumers the right to seek damages as a class, and not just an injunction to stop the harm. The U.S. Chamber Institute for Legal Reform released a statement calling the proposal “poorly written" and "lack[ing] clear safeguards to prevent fraud and abuse," among other criticisms.
Massive Equifax Data Breach Was Preventable: Congressional Report
Data privacy and cybersecurity attorneys interviewed Tuesday generally agreed that Equifax could have done more to prevent the 2017 data breach, but at least one prominent data privacy and data security lawyer said that the report was unfair because the government has done little to help protect U.S. companies and organizations from bad actors.
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