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Latest News: Compliance

Compliance Guidance on New Garnishment amendments and COPPA

Wednesday, August 28, 2013   (0 Comments)
Posted by: Leah Redding
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Guidance on the New Garnishment amendments  

The Department of the Treasury has issued a summary of the revised federal rule affecting garnishment orders that can be provided to state or federal law enforcement or courts, state agencies, municipalities, and municipal corporations.  

The summary explains that a financial institution has up to two business days to review accounts in order to protect federal benefit payments from garnishment and seizure orders. The summary goes on to explain that the only exception to these requirements is for state child support enforcement agencies and certain federal garnishment orders where a "Notice of Right to Garnish Federal Benefits" has been attached to the order.      

The FTC Releases COPPA Compliance Guidance  

The FTC has released two new guidance tools designed to help small businesses operating child-directed websites, mobile applications and plug-ins ensure they are compliant with the new changes to the Children’s Online Privacy Protection Rule (COPPA). The rule went into effect July 1st.  

"The Children’s Online Privacy Protection Rule: A Six-Step Compliance Plan for Your Business
,” is designed especially for small businesses and contains a step-by-step process for companies to determine if they are covered by COPPA, and what steps they are required to take to protect children’s privacy.  

"Protecting Children’s Privacy Under COPPA” is a video aimed at businesses to help explain their obligations under the revised rule, including an explanation of the changes.