Associated Press reports: Facebook says that an independent audit found its privacy practices sufficient during a six-month assessment period that followed a settlement with federal regulators. Facebook Inc. said it submitted the findings to the Federal Trade Commission on Monday evening. The audit was a required part of the social networking company’s settlement with the…
Category: Govt
U.S. gives big, secret push to Internet surveillance
Declan McCullagh reports: Senior Obama administration officials have secretly authorized the interception of communications carried on portions of networks operated by AT&T and other Internet service providers, a practice that might otherwise be illegal under federal wiretapping laws. The secret legal authorization from the Justice Department originally applied to a cybersecurity pilot project in which…
Consumer Agency Chief Defends Data-Gathering
From the Blog of LegalTimes: Consumer Financial Protection Bureau head Richard Cordray defended his agency’s plan to collect financial data on 10 million consumers as necessary and appropriate in testimony today before the U.S. Senate Committee on Banking, Housing and Urban Affairs. The data, which include information on consumers’ credit card use, mortgage payments and…
US amasses Big Data on 10 million people; banks protest
Carter Dougherty of Bloomberg reports: The new US consumer finance watchdog is gearing up to monitor how millions of Americans use credit cards, take out mortgages, and overdraw their checking accounts. Their bankers aren’t happy about it. The Consumer Financial Protection Bureau is demanding records from the banks and is buying anonymous information about at…