Sep 25, 2018

Trump administration asks for public input on data privacy proposal

Photo: Thomas Trutschel/Photothek via Getty Images

The Department of Commerce on Tuesday asked for public input on a "proposed approach" to consumer data privacy rules.

Why it matters: This could be the first step to an administration-backed privacy plan.

“The Trump Administration is beginning this conversation to solicit ideas on a path for adapting privacy to today’s data-driven world.”
— National Telecommunications and Information Administration chief David Redl in a statement.

The details: The agency will seek comment on a range of proposed outcomes for privacy rules, including —

  • That organizations should be “transparent” about their use of personal information.
  • That users should have a say over how their personal information is used.
  • That organizations “should be accountable” for their use of personal data.

What's next: Redl said on a call with reporters that the agency would "certainly consider" backing legislation as a path forward, if public comments supported that approach.

The bottom line: New European privacy regulations and rules just approved in California have put pressure on the Trump administration to articulate its own vision of privacy policy in the age of Facebook and Google.

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Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

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Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.