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Daily Dashboard | Justice Ministers: Proposed Rules Could Hamper Innovation Related reading: CFPB releases Consumer Protection Principles on financial data sharing


Meeting in Dublin last week, EU justice ministers voiced concerns about the effect proposed EU data protection rules could have on innovation, The New York Times reports. The ministers said the rules—which would empower consumers to delete data online businesses have collected about them, create limits on online tracking and grant fining powers to national regulators—must be “balanced and proportionate” and not stifle businesses. Irish Justice Minister Alan Shatter said while there is widespread understanding of a need for uniform regulations, “there is also a widespread understanding of the need to ensure that business can properly work under any new structure while ensuring the existence of certain protections.” (Registration may be required to access this story.)
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