FTC Says Fines Force Companies To Rethink Consumer Data

Law360 (July 18, 2018, 3:00 PM EDT) -- The Federal Trade Commission told lawmakers on Wednesday that if the public wants to see companies handle their sensitive information diligently, then the agency needs the ability to slap violators with fines and have more freedom to pass rules.

Speaking before the House subcommittee on Digital Commerce and Consumer Protection, the agency’s commissioners were unanimous in their call for the power to impose civil penalties on companies who violate consumer protection and data security laws.

The FTC can’t impose fines on companies over privacy issues, and commissioners complained that the agency’s rulemaking ability, outlined under the Magnuson–Moss Warranty Act, isn’t nimble...

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