As U.S. lawmakers discuss the future of federal privacy legislation, the Federal Trade Commission (FTC) is taking action now. In the Federal Trade Commission’s recently released privacy and data security report, the FTC highlights its enforcement and regulatory work for 2018 — including matters involving Facebook and PayPal.

The FTC’s settlement with PayPal’s payment service Venmo is particularly relevant to brands and retailers accepting online payments. While Venmo is primarily used for peer-to-peer payments, the FTC settlement is an important reminder why brands and retailers must implement effective privacy practices to protect consumer data — even when using online payment portals.

The report also discusses the FTC’s nonpublic investigation into Facebook’s privacy practices, following the Cambridge Analytica scandal.

The FTC’s full report is available here.

Stay In The Know

with the Washington Watch newsletter

Privacy Policy