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Daily Dashboard | Commissioner To Launch Consultation on Data Laws Related reading: CFPB releases Consumer Protection Principles on financial data sharing

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European Commissioner for Justice and Fundamental Rights Viviane Reding plans to launch a public consultation on whether to introduce a European contract law on the use of personal data, Research Magazine reports. In a speech at the American Chamber of Commerce to the European Union, Reding outlined a three-point plan to ensure the safety of data protection and privacy amongst all EU countries, though she noted industry self-regulation should remain at the core of any new legislation. "I am very much aware that this sector needs clarity, not red tape," Reding said. "I am considering this approach as a way to have codes of conduct" and "the incorporation of 'privacy by design' principles."
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