In testimony before a House Judiciary subcommittee on Tuesday, Jason Weinstein (Deputy Assistant Attorney General for the DOJ Criminal Division) emphasized the importance of data retention from internet and cell phone service providers in fighting crime.  He invited Congress to consider legislation that would strengthen data retention standards.  Weinstein offered several examples of federal and state investigations that were stymied due to service providers’ inability to produce user records.  In many instances, service providers had short or non-existent retention periods. 

Currently, service providers are required to preserve user records only after receiving a request from law enforcement.  There is no independent obligation to preserve user records for a fixed amount of time.  Weinstein acknowledged that data retention requirements can be costly for service providers, but he said that leaving the decision up to providers did not properly account for the public safety interest in data retention.  Chairman of the Judiciary Committee Lamar Smith (R-TX) was generally supportive of the DOJ’s request.

Print:
Email this postTweet this postLike this postShare this post on LinkedIn
Photo of Mike Nonaka Mike Nonaka

Michael Nonaka is co-chair of the Financial Services Group and advises banks, financial services providers, fintech companies, and commercial companies on a broad range of compliance, enforcement, transactional, and legislative matters.

He specializes in providing advice relating to federal and state licensing and…

Michael Nonaka is co-chair of the Financial Services Group and advises banks, financial services providers, fintech companies, and commercial companies on a broad range of compliance, enforcement, transactional, and legislative matters.

He specializes in providing advice relating to federal and state licensing and applications matters for banks and other financial institutions, the development of partnerships and platforms to provide innovative financial products and services, and a broad range of compliance areas such as anti-money laundering, financial privacy, cybersecurity, and consumer protection. He also works closely with banks and their directors and senior leadership teams on sensitive supervisory and strategic matters.

Mike plays an active role in the firm’s Fintech Initiative and works with a number of banks, lending companies, money transmitters, payments firms, technology companies, and service providers on innovative technologies such as bitcoin and other cryptocurrencies, blockchain, big data, cloud computing, same day payments, and online lending. He has assisted numerous banks and fintech companies with the launch of innovative deposit and loan products, technology services, and cryptocurrency-related products and services.

Mike has advised a number of clients on compliance with TILA, ECOA, TISA, HMDA, FCRA, EFTA, GLBA, FDCPA, CRA, BSA, USA PATRIOT Act, FTC Act, Reg. K, Reg. O, Reg. W, Reg. Y, state money transmitter laws, state licensed lender laws, state unclaimed property laws, state prepaid access laws, and other federal and state laws and regulations.