The Latest: US regulators get sympathy on powers, fines

FILE - This Jan. 28, 2015, file photo, shows the Federal Trade Commission building in Washington. Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged violations of its users' privacy. (AP Photo/Alex Brandon, File)

WASHINGTON — The Latest on congressional hearing on privacy agency (all times local):

12:20 p.m.

Federal privacy regulators are getting a sympathetic hearing from Congress for their request for greater powers and funding to police privacy.

Lawmakers from both parties are warning that fines against big companies may be inadequate to change their conduct.

The Federal Trade Commission is negotiating a record fine to punish Facebook for alleged violations of users' privacy.

But Rep. Jan Schakowsky, chairwoman of a House consumer protection subcommittee, says "a large fine in a single case does not solve the problems that consumers face."

The Illinois Democrat spoke at a hearing Wednesday with the five members of the FTC.

Schakowsky says the agency needs more funding and authority "at a minimum to restore consumers' confidence."

The FTC also is considering a rare action to hold Facebook's CEO personally accountable.

___

3:05 a.m.

Federal privacy regulators are under scrutiny in Congress as they negotiate a record fine with Facebook to punish the company for alleged user-privacy violations.

Eyes are on the Federal Trade Commission as it also considers a rare action holding CEO Mark Zuckerberg personally accountable for Facebook's failure to honor a 2011 agreement over privacy lapses. The agency also may limit how the giant social network targets advertising to its massive user base.

Beyond a fine, which is expected to run as much as $5 billion, comprehensive action by the FTC could mark a watershed in government action against the tech industry to protect consumer privacy.

FTC Chairman Joseph Simons and his four fellow commission members will appear before a House committee at a hearing Wednesday.

You may also interested in

US stocks take small losses as energy companies slide

Aug 19, 2016

US stocks take small losses as the dollar regains a bit of strength and energy companies trade lower

Several tornadoes likely hit Indiana, Ohio; no bad injuries

Aug 25, 2016

Authorities say a wave of severe storms likely produced several tornadoes in Indiana and Ohio, damaging homes and businesses but causing no serious injuries

WhatsApp is going to share your phone number with Facebook

Aug 25, 2016

Global messaging service WhatsApp says it will start sharing users' phone numbers with Facebook, its parent company

People also read these

Delphi, Mobileye join forces on autonomous car platform

Aug 23, 2016

Auto parts and electronics company Delphi Automotive is joining with Israeli software maker Mobileye to develoDelphi and Mobileye plan to build a complete autonomous driving platformp the building blocks for a fully autonomous car in about two years

How EpiPen's maker raised prices, and hackles, so much

Aug 23, 2016

Sky-high price hikes for an emergency allergy medicine are making drugmaker Mylan the latest target for patients and politicians infuriated by soaring drug costs

Auto, technology industries clash over talking cars

Aug 26, 2016

Automakers say cars that wirelessly talk to each other are finally ready for the road

Emporium Post fulfils the need to know all things about consumers and how businesses can take this opportunity to reach their own customers.

Contact us: sales@emporiumpost.com

Join our mailing list now!