Photo: Sean Proctor for The Boston Globe via Getty Images

The Federal Trade Commission has issued orders to 7 U.S. broadband providers, including AT&T, Verizon, T-Mobile, Comcast and Google Fiber, demanding they hand over information about their privacy practices and how they monetize consumer data — including those practices the companies have chosen to keep under wraps.

Details: The FTC wants to know what kind of personal information these companies are collecting from users and how they're using that data, including whether they are sharing it with third parties. The FTC has requested the companies also share whether consumers have a choice in the collection and use of their data and whether users who opt-out of collection are punished.

  • The FTC also wants to know to what extent the data collected is anonymized and protected from internal access.

Reality check: It remains to be seen whether the FTC will be able to take action based on these findings, such as issuing guidelines or best privacy practice recommendations for telecommunication companies. The companies can try to sidestep the request, as with a subpoena, but the FTC can file suit to obtain the information regardless, per Bloomberg.

Between the lines: Last week, FTC chairman Joe Simons indicated the FTC planned to demand companies hand over details about their privacy practices, but it wasn’t clear at the time which ones he would be targeting, per Bloomberg.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.