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Apple Hires Facebook Critic As Part Of Privacy Team

PYMNTS

According to Financial Times , Parakilas monitored privacy and policy compliance of software developers for Facebook for 18 months before he left in October of 2012. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies.

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Facebook: FTC Pact Means ‘Shift’ In Privacy Approach

PYMNTS

For Facebook, it’s a $5 billion fine and a “fundamental shift” in how the social media giant addresses privacy practices. The fine and the new corporate actions cap an FTC investigation into Facebooks’ alleged violation of a 2012 consent decree, where the company had pledged it would be transparent in how it used data.

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Deep Dive: GDRP And The EU’s New Rules Of Data Handling

PYMNTS

The social media platform has admitted the incident may have impacted as many as 87 million users. During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2 During the exchange, lawmakers raised the specter of regulating Facebook — which boasts more than 2.2

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FTC provides 2018 enforcement report to CFPB

CFPB Monitor

The Federal Trade Commission recently provided its annual letter to the CFPB concerning its enforcement activities relating to compliance with Regulation Z (Truth in Lending Act), Regulation M (Consumer Leasing Act), and Regulation E (Electronic Fund Transfer Act). Regulation Z/TILA; Regulation M/Consumer Leasing Act.

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Zuckerberg Emails Could Link CEO To Privacy Issues

PYMNTS

Facebook has been functioning under a consent decree it agreed to with the FCC in 2012, after a scandal with Cambridge Analytica regarding data privacy. The emails, if they become public, could potentially harm Facebook, especially in the public relations department.

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Big Tech Compliance Tracker: France Fines Amazon And Google $164 Million; Australia Warns Facebook And Google To Pay News Firms 

PYMNTS

The Commission Nationale de l’Informatique et des Libertés (CNIL), the French data protection watchdog, has hit Amazon and Google with significant financial penalties for allegedly contravening regulations on the digital advertising trackers known as “cookies,” CNBC reported. Amazon was told to pay 35 million euros (approximately $42.5

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Actiance Brings on Naresh Bansal as New CFO

Fintech Labs Insights

Communications compliance and analytics company Actiance has appointed Naresh Bansal as its new chief financial officer. At FinovateFall 2012 Actiance debuted Socialite , a tool that helps banks stay compliant while using social media. ” Since launching in 1998, the company has raised $43.6