The Netherlands: a client who has engaged in a mortgage and wishes to pay back the whole amount in advance must not pay a penalty fee higher that the economic loss of the bank, so said the AFM (Dutch authority on Financial markets). Yet, many banks didn’t accurately and clearly calculated such fees.
Netherlands: the Tax Authority (“Belastingdienst”) can access the equivalent of the oyster card to check transports of citizens, since CCTV cameras cannnot be used for such purpose. Does it mean it is goign tooo far?
And also Australia and UK from Sep 2017.
From the Dutch newspaper Algemene Dagblad from 29/3/2017, page 18.
A Danish court had already ruled Uber illegal and is now banned from 19/4/2017. Taxis must now adopt seat-sensors, rides-counter and internal camera to avoid Uber striking back
Interesting article. Lots of (London-based) lawyers have their say on whether Brexit will weaken or strengthen London’s business. And not most of them are so sure London will benefit from it.
This will be the first focus of the repeal of the Dodd Frank Act, based on, allegedly, too onerous requirements.
Nice article with some consequences of this Act.
Firstly, consumers will be paid to be ripped off of their rights.
Secondly, as absurd as it may seem, whether personal information is shared by means of a call, protection and privacy will be accorded, while if it happens by means of a VoiP call, you’d end up being tagged and sold.
I foresee the folloowing consequences:
1- a New Telco that promises, engages into and abides to not sharing data could be the next big thing.
2- VPN, ADBlock and similar services will spike in usage.
3-Telcos can take the profits of your sales although I am less sure they can be very rigorous when reporting cyber breaches where consumers’ sensitive data is affected.
Consent during electronic communications will be broadened (including also voice-to-voice calls, e-mail, SMS and all messaging functions).
Storage on the device of user’ information by means of more-advanced-than-cookie technologies will also be regulated.
Just some dozen’s to be moved so far, in the capital of Europe (a great place for lobbying too).
Management tip of the day: fast thinking can lead to impulsive actions, so make sure your mind can afford some break