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Federal Reserve Issues Guidance on Supervision of “Novel Activities” by Banks, Impacts Bank-Fintech Partnerships
The Federal Reserve Board recently issued two Supervision and Regulation Letters that provide guidance on the agency’s supervision of novel activities and the process such as fintech partnerships, crypto-related activities, and activities using distributed ledger or blockchain technology….By: Sheppard Mullin Richter & Hampton LLP
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Are Privacy Policies Alone Enough to Protect Employee Privacy? Ask Tesla
From application to termination, employee privacy considerations live throughout all stages of the employment lifecycle. Thus, employers should take heed of best practices and mechanisms when handling employee personal information far beyond the applicant screening stage of employment. However, is having policies relating to the security and protection of this employee data enough?…By: Spilman Thomas…
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Medicare Announced First 10 Drugs for Upcoming Price Negotiations
In 2024, Medicare will, for the first time, have authority under the Inflation Reduction Act passed in 2022 to negotiate drug prices with pharmaceutical manufacturers. On August 29, the Centers for Medicare and Medicaid Services (CMS) released the first 10 prescription drugs that will be subject to the Medicare price negotiations. The selected drugs accounted…
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Unpacking Averages: How Accurate Do Class II Medical Devices Need to Be to Obtain 510(k) Clearance?
It’s common for a client to show up at my door and explain that they have performance data on a medical device they have been testing, and for the client to ask me if the performance they found is adequate to obtain FDA clearance through the 510(k) process. I often respond, very helpfully, “it depends.”…
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Eye on AI: AI Governance and Regulation
Even as the “godfathers” of generative AI (Geoffrey Hinton, Yoshua Bengio and Yann LeCun) disagree about the potential threat to humanity, policymakers, researchers and leading tech executives are calling for government regulation and corporate recognition of guardrails to mitigate the negative aspects of AI. While AI is sure to provide many benefits the potential for…
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How to Protect Yourself and Your Rights After a Truck Accident in Florida
If you have been involved in a Florida truck accident, then your world has likely been turned upside down. It is understandable that you likely do not know what steps to take next. To make matters worse, you are likely to be contacted immediately by the defendant’s insurance adjusters. Understanding how to protect your rights…
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Acadia Health, LLC d/b/a Just Kids Dental Files Notice of Data Breach Affecting Over 129k Patients and Employees
On September 1, 2023, Acadia Health, which does business under the name Just Kids Dental, filed a notice of data breach with the Attorney General of Maine after discovering that its computer system and network were attacked by a malicious actor….By: Console and Associates, P.C.
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UnitedHealthcare Notifies Customers of 2022 Data Breach Affecting Their Personal Health Information
On September 1, 2023, UnitedHealthcare notified individuals across the country of a recent data breach after an unauthorized party was able to access a UHC broker portal. In this notice, UHC explains that the incident resulted in an unauthorized party being able to access consumers’ sensitive information, which includes their names, member ID numbers, plan…
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The Indiana Family and Social Services Administration Notifies Medicaid Recipients of Third-Party MOVEit Data Breach
On September 1, 2023, the Indiana Family and Social Services Administration (“FSSA”) posted a notice explaining that software used by CareSource, a managed care entity for some Indiana Medicaid enrollees, experienced a security breach that exposed the protected health information of an estimated 212,193 Indiana Medicaid members. In this notice, FSSA explains that the incident…
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The Importance of Seeking Medical Attention After a Car Accident in Florida
Car accidents can result in serious injuries and even the wrongful death of a victim. There are many instances, however, in which a victim does not seek immediate medical care. These can include situations where one either believes that they are not seriously injured or that they are completely uninjured. Failing to seek medical attention…