Federal Trade Commission
“Did someone forget to do the math?” a commenter asked after the Federal Trade Commission warned that people would likely not get the promised payouts.
Federal regulators will also institute new oversight and restrictions on the business.
The largest-ever settlement for a data breach draws to a close multiple probes into the credit-reporting company.
The New York Democrat sent a letter to the FBI and Federal Trade Commission calling for a review of a Russian company's photo app that's trending again.
WHAT'S HAPPENING
Democrats in Congress are threatening to take action after the FTC reportedly voted on a $5 billion penalty for Facebook's privacy violations.
Facebook has been under scrutiny for privacy violations.
The Washington Post reported last week that the FTC was in the final stages of an investigation into the social media giant's privacy practices.
The social media giant is facing a multibillion-dollar fine over its role in the Cambridge Analytica data scandal.
The tech giant has been criticized for improperly handling consumer data, and lawmakers want more than money.
A Federal Trade Commission investigation into possible privacy violations could yield a steep fine.