- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Germany’s competition regulator has cited Facebook for forcing consumers to give blanket approval to the social media giant’s terms and conditions without being privy to how and how often their data is actually being shared.
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On his own company blog, Facebook CEO Mark Zuckerberg voiced his support for implementing a U.S. version of the European Union’s General Data Protection Regulation.
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission to resolve the agency’s long-running investigation into alleged “abusive practices” by Facebook Marketplace.
