US FTC considers crackdown on how companies collect consumer information

WASHINGTON, Aug 11 (Reuters) – The US Federal Trade Commission (FTC) on Thursday said it was considering adopting new rules to prohibit harmful commercial surveillance and lax data security, saying American consumers are often unknowingly giving up personal information ranging from their menstrual cycles to how they pray. FTC Chair Lina Khan said “firms now … Read more

India nixes privacy bill that alarmed big tech companies, works on new law

NEW DELHI, Aug 3 (Reuters) – India’s government on Wednesday withdrew a controversial data protection and privacy bill which was first proposed in 2019 and had alarmed big technology companies such as Facebook and Google, announcing it was working on a new comprehensive law. The 2019 law had proposed stringent regulations on cross-border data flows … Read more

US consumer watchdog to scrutinize crypto payments, Big Tech moves into finance director

WASHINGTON, July 27 (Reuters) – The top US consumer watchdog plans to scrutinize the use of cryptocurrencies for real-time payments and ramp up oversight of Big Tech companies as they expand into the traditional financial sector, its director told Reuters. The Consumer Financial Protection Bureau (CFPB) will also publish a report this fall on “buy-now, … Read more