PYMNTS

JULY 22, 2019

The FTC voted 3-2 in favor of a settlement with Facebook, and a Republican majority supported it, while the Democratic commissioners objected to it. The company already has an internal privacy team, and in 2011, it allowed for its privacy practices to be assessed by PricewaterhouseCoopers.

FTC 46

FTC Federal Trade Commission Privacy Settlement 46

PYMNTS

JANUARY 24, 2019

The group argued in the draft letter that Facebook should be forced to unwind those acquisitions because it didn’t protect users’ data. The paper noted that the FTC, which has been shut down along with other parts of the government, didn’t respond to a request for comment. But the advocacy groups think that’s not enough.

FTC 46

FTC Federal Trade Commission Request for Comment Data Breach 46

PYMNTS

APRIL 12, 2018

It would also give enforcement authority to the Federal Trade Commission (FTC). Consumer Watchdog pointed out that Facebook’s latest breach violates its 2011 consent decree with the FTC, adding that the social media giant should be fined.

Consumer 40

Consumer Regulations Federal Trade Commission Privacy 40

PYMNTS

SEPTEMBER 18, 2017

Thirty years later, I find their tagline a rather fitting metaphor for the Equifax data breach and the flurry of headlines made by everyone who now wants to take them — and their two credit reporting agency compadres, Experian and TransUnion — out to the regulatory woodshed. Senator Elizabeth Warren (D – Mass.)

Regulations 81

Regulations CFPB Database Consumer Financial Protection Bureau (CFPB) 81

PYMNTS

APRIL 12, 2017

The increase in fraudulent activity has come as the result of major data breaches in which account login credentials were swiped from companies like Adobe, Myspace and LinkedIn and sold on the dark web. Well, as long as it happened between November 2011 and May 2016.). An estimated 2.6

FTC 40

FTC Agreements Authentication Data Breach 40

PYMNTS

MARCH 20, 2018

Facebook , the social media giant embroiled in a new consumer data scandal, is being pursued by the Federal Trade Commission (FTC), the main agency for enforcing privacy policies. election win, gained access to the personal data of 50 million Facebook users and used it to target consumers during the run-up to the election.

FTC 46

FTC Federal Trade Commission Data Breach Privacy 46