Federal Trade Commission (FTC) News

Privacy Law Favored by Tech Firms Gains Support Among House Democrats

A group of more than 100 centrist Democratic House lawmakers is throwing its weight behind a privacy bill that has been praised by alliances of software and internet giants. The move is one of the first large-scale endorsements of a …

Title Insurers Fidelity National, Stewart Information Call Off Merger

Fidelity National Financial and Stewart Information Services Corp. have agreed to terminate FNF’s proposed merger with Stewart due to the Federal Trade Commission’s issuance of an administrative complaint seeking to block the merger. FNF said it will make a payment …

Equifax’s $700 Million Data Breach Settlement Includes $300 Million for Consumers

Credit-reporting company Equifax Inc. will pay up to $700 million to settle U.S. federal and state probes into a massive 2017 data breach of personal information, authorities said on Monday. The largest-ever settlement for a data breach draws to a …

Senator Calls for Facebook, YouTube, Twitter to Lose Immunity If Politically Biased

Technology platforms such as Facebook Inc. and Google’s YouTube could face a flood of lawsuits unless they can demonstrate their treatment of users’ content is politically neutral, under a measure that U.S. Senator Josh Hawley’s office said he would offer …

How Much Do Facebook Users Really Care About Privacy?

Facebook Inc. is preparing for a record-setting fine from U.S. regulators over privacy issues, but Wall Street shrugged at the looming penalty after the company added users and trounced profit expectations for the first quarter. It has been just over …

Facebook Opposes Release of Privacy Reports Used to Settle Litigation

Facebook Inc. will seek to block disclosures from years’ worth of privacy reports it submitted to the U.S. Federal Trade Commission, according to filings in a lawsuit seeking the release of information in the documents. Facebook plans to intervene in …

U.S. Privacy Regulation Tested by Facebook Scandals

Facebook Inc.’s repeated privacy scandals have infuriated users, lawmakers and data-security advocates who are clamoring for a forceful government response. That job mainly falls to Joe Simons, who is under pressure to satisfy doubters or risk sidelining his agency as …

Learning from Equifax Breach Where Growth Outpaced Security

Equifax Inc. failed to modernize its technology security to match the company’s aggressive growth strategy and data gathering, a shortcoming that left it open to the 2017 hack that compromised the information of 148 million people, according to a House …

ACE-Chubb Deal Clears Antitrust Hurdle

The Federal Trade Commission (FTC) has given the green light to ACE Limited’s $28 billion acquisition of rival insurer Chubb Corp. In a regulatory filing, ACE reported that it received notice on Sept. 30 from the FTC that it had …