Federal Regulators Launch Major Crackdown on Data Broker Industry
Federal agencies unveil sweeping proposals to restrict how data brokers handle Americans' sensitive personal information, requiring explicit consent and limiting data sharing. The CFPB and FTC actions target companies selling consumer financial and location data, marking a significant step toward enhanced privacy protection.
FTC Cracks Down on Location Data Companies for Unlawful Consumer Surveillance
The Federal Trade Commission has taken enforcement action against Gravy Analytics and Venntel for illegally tracking and selling sensitive location data from billions of mobile devices. The companies face strict prohibitions and must delete previously collected data, with potential fines of over $50,000 per violation.
Smart Device Manufacturers Hide Software Support Details, FTC Study Reveals
A Federal Trade Commission study exposes that 90% of smart device makers fail to properly disclose software update timelines, potentially violating consumer protection laws. The investigation of 184 devices found misleading marketing practices and widespread non-compliance with warranty disclosure requirements.
FTC Strengthens Protections Against Tech Support Scams Targeting Seniors
The Federal Trade Commission has expanded its Telemarketing Sales Rule to combat tech support fraud, particularly schemes targeting older adults who initiate contact. The new rules enable the FTC to take action against scammers regardless of who makes the initial call, as seniors lost $175 million to these scams in 2023.
Microsoft Under FTC Investigation for Cloud Services in Government Contracts
The Federal Trade Commission launches probe into Microsoft's potential anticompetitive practices in cloud computing, focusing on $150 billion government security upgrade deal. Questions arise over contract bidding processes and hidden costs in seemingly generous offerings.