FFIEC Guidance on Social Media Use -- Commentary from DWT

As noted in our post on January 29, the FFIEC recently proposed guidance on social media use (the guidance can be found here). DWT partner Andy Lorentz recently provided commentary on this development in the February 2013 issue of E-Commerce Law & Policy, noting that "The informality and real-time nature of many social media types are in tension with the careful vetting generally needed for communications to the public governed by financial services laws and regulations." The PLA editorial staff will continue to track developments in this area closely.