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U.S. lawmakers criticize potential Facebook settlement with FTC
Source: Reuters
BUSINESS NEWS MAY 6, 2019 / 3:36 PM / UPDATED 3 HOURS AGO
U.S. lawmakers criticize potential Facebook settlement with FTC
WASHINGTON (Reuters) - Two U.S. senators on Monday criticized reported plans for a Federal Trade Commission settlement with Facebook Inc for misuse of consumers’ personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held personally responsible.
In a letter to the FTC, Senators Richard Blumenthal, a Democrat, and Josh Hawley, a Republican, told the agency that even a $5 billion civil penalty is a “bargain for Facebook.”
The agency is also reportedly contemplating a settlement that elevates oversight of privacy policies and practices to Facebook’s board of directors and requires the social media giant to be more aggressive in policing third-party app developers.
But that was inadequate, said Blumenthal and Hawley, who said the FTC should go further.
“It should consider setting rules of the road on what Facebook can do with consumers’ private information, such as requiring the deletion of tracking data, restricting the collection of certain types of information, curbing advertising practices, and imposing a firewall on sharing private data between different products,” they said in a letter to FTC Chairman Joe Simons.
-snip-
U.S. lawmakers criticize potential Facebook settlement with FTC
WASHINGTON (Reuters) - Two U.S. senators on Monday criticized reported plans for a Federal Trade Commission settlement with Facebook Inc for misuse of consumers’ personal data, saying that top officials, potentially including founder Mark Zuckerberg, must be held personally responsible.
In a letter to the FTC, Senators Richard Blumenthal, a Democrat, and Josh Hawley, a Republican, told the agency that even a $5 billion civil penalty is a “bargain for Facebook.”
The agency is also reportedly contemplating a settlement that elevates oversight of privacy policies and practices to Facebook’s board of directors and requires the social media giant to be more aggressive in policing third-party app developers.
But that was inadequate, said Blumenthal and Hawley, who said the FTC should go further.
“It should consider setting rules of the road on what Facebook can do with consumers’ private information, such as requiring the deletion of tracking data, restricting the collection of certain types of information, curbing advertising practices, and imposing a firewall on sharing private data between different products,” they said in a letter to FTC Chairman Joe Simons.
-snip-
Read more: https://www.reuters.com/article/us-facebook-ftc-congress/u-s-lawmakers-criticize-potential-facebook-settlement-with-ftc-idUSKCN1SC1Z0