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☆ Jakarta is the world's most polluted city. And Indonesia's leader has the cough to prove it
▼ + stars: | 2023-08-16 | by ( Heather Chen | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Indonesia’s capital Jakarta is the world’s most polluted city, according to a new study, and the country’s president may have the cough to prove it. Uno said doctors were still diagnosing the cause of Widodo’s cough but added that it might be related to the worsening air quality, reported CNN affiliate CNN Indonesia. But in recent weeks air quality in the capital has become particularly bad, deteriorating to the worst in the world, according to data provided by IQAir, a Swiss air quality technology company. On August 9, Jakarta topped its list of polluted cities after registering “unhealthy” air pollution levels nearly every day, the company said. “Air pollution is a serious problem in Southeast Asia,” said political analyst Bridget Welsh from the University of Nottingham.

Persons: Joko Widodo, IQAir, ”, Sandiaga Uno, Uno, Budi Gunadi Sadikin, ” Budi, Widodo, ” Widodo, Bridget Welsh Organizations: Hong Kong CNN —, Tourism, Creative, Sandiaga, CNN, CNN Indonesia, Central, IQAir, Skyscrapers, Getty, University of Nottingham, “ Locations: Hong Kong, Jakarta, Swiss, AFP, Greater Jakarta, Central Jakarta, Greater Jakarta Area, Jakarta –, Southeast Asia, Nusantara, East Kalimantan, Borneo

☆ These environmental laws are making it harder to fight climate change
▼ + stars: | 2023-08-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +9 min

New Jersey has sued to block New York City's congestion price law using environmental review. The environmental review process has “metastasized well beyond what anyone intended it to be,” Dourado said. “To me, it’s clearly dysfunctional.”Reform effortsThe need to reform the environmental review process has become a bipartisan issue in recent years. Some environmental groups believe these reforms are needed to advance clean energy progress and other goals. While the Environmental Defense Fund supports the Biden administration’s reforms to NEPA, it’s against a draconian rollback of environmental review, he said.

Persons: Michael Nagle, ”, Howard Slatkin, Richard Nixon, Paul Sabin, ” Sabin, Eli Dourado, “, ” Dourado, Elgie Holstein, Bill Clinton, Barack Obama, Donald Trump’s, Joe Biden’s, ” Holstein Organizations: New, New York CNN, Environmental, Bloomberg, Getty Images, Federal, Administration, NEPA, Congress, Democrats, Citizens Housing, Planning, Reform, University of California, Magna Carta, Act, Yale University, “ Public, Big Government, Richard Nixon Presidential Library & Museum, Center for Growth, Utah State University, “, Environmental Defense Fund, Biden Locations: New York, Manhattan, New Jersey, York, Jersey, London, Stockholm, United States, New York City, Berkeley, Minneapolis

Some opponents, however, argue the move would hand excessive powers to the Indigenous body, while others have described it as tokenism and toothless. A Guardian poll this week showed more Australians are planning to vote no in the referendum than yes, a first in the survey. Parties on both sides of a debate released official pamphlets last month, and are holding road shows about the upcoming vote. "I believe Australia is ready," he said in a radio interview on Wednesday, which marked World Indigenous Day. Albanese has said the referendum will be held between October and December, but has given no fixed date.

Persons: Albanese, Matt Qvortrup, Anthony Albanese, Warren Mundine, Dean Parkin, Qvortrup, Praveen Menon, Lincoln Organizations: SYDNEY, Guardian, ANU College of Law, West, Thomson Locations: Australia, Torres, West Australia

☆ India passes data protection law amid surveillance concerns
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

A man holds a laptop computer as cyber code is projected on him in this illustration picture taken on May 13, 2017 REUTERS/Kacper Pempel/File PhotoNEW DELHI, Aug 9 (Reuters) - Indian lawmakers on Wednesday passed a data protection law that will dictate how tech companies process users' data amid criticism that it will likely lead to increased surveillance by the government. The law will allow companies to transfer some users' data abroad while giving the government power to seek information from firms and issue directions to block content on the advice of a data protection board appointed by the federal government. The Digital Personal Data Protection Bill, 2023 gives the government powers to exempt state agencies from the law and gives users the right to correct or erase their personal data. The new legislation comes after India withdrew a 2019 privacy bill that had alarmed tech companies like Facebook and Google with its proposals for stringent restrictions on cross-border data flows. The Internet Freedom Foundation, a digital rights group, has also said that the law does not contain any meaningful safeguards against "over-broad surveillance", while the Editors Guild of India has said it affects press freedom and dilutes the Right to Information law.

Persons: Kacper, Rajeev Chandrasekhar, Blassy Boben, Shivam Patel, Kirsten Donovan Organizations: REUTERS, Facebook, Google, Freedom Foundation, Guild of India, Thomson Locations: India

☆ Exclusive: Snapchat under scrutiny from UK watchdog over underage users
▼ + stars: | 2023-08-08 | by ( Martin Coulter | ) www.reuters.com time to read: +4 min

Under UK data protection law, social media companies need parental consent before processing data of children under 13. Social media firms generally require users to be 13 or over, but have had mixed success in keeping children off their platforms. Snapchat declined to give details of any measures it might have taken to reduce the number of underage users. It also found Snapchat was the most popular app for underage social media users. However, other apps take more proactive measures to prevent underage children accessing their platforms.

Persons: Dado Ruvic, Snapchat, Martin Coulter, Matt Scuffham, Alexander Smith Organizations: REUTERS, Reuters, Inc, Social, ICO, Ofcom, National Society for, Thomson Locations: U.S, Britain

☆ Western Australia to overturn 2021 Aboriginal heritage protection laws
▼ + stars: | 2023-08-08 | by ( Melanie Burton | ) www.reuters.com time to read: +1 min

Aboriginal groups' members take part in a protest against what they say is a lack of detail and consultation on new heritage protection laws, after the Rio Tinto mining group destroyed ancient rock shelters for an iron ore mine last year, in Perth, Australia August 19, 2021. Courtesy Gabrielle Timmins/Kimberley Land Council/Handout via... Read moreMELBOURNE, Aug 8 (Reuters) - Western Australia will overturn its 2021 Aboriginal cultural heritage protection laws, set out after the destruction of the 46,000-year-old Juukan Gorge rock shelter after community uproar, the state's premier said on Tuesday. Instead, the state government will restore and amend 1972 legislation to ensure the protection of important sites, Cook said. "These are simple and effective amendments that will prevent another Juukan Gorge from happening," he said. Reporting by Melanie Burton; Editing by Kim Coghill, Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Persons: Gabrielle Timmins, Read, Rio, Cook, Melanie Burton, Kim Coghill, Robert Birsel Organizations: Kimberley Land, ., Rio Tinto, Thomson Locations: Rio Tinto, Perth, Australia, Kimberley, MELBOURNE, Western Australia, . Farmers

REUTERS/Andrew Kelly/File Photo License this content on Reuters ConnectNEW YORK, Aug 1 (Reuters) - LensCrafters agreed to pay $39 million to settle a lawsuit by prescription eyeglass customers who accused the eyewear chain of misleading them about how well its Accufit technology could measure their eyes. Customers said the claims were false because LensCrafters' manufacturing processes did not support its claims, and that an update would not be clinically significant. They claimed to pay more for their glasses than if LensCrafters had not overpromised and underdelivered. The settlement covers all U.S. customers of LensCrafters who since Sept. 5, 2013, bought prescription glasses after being fitted with Accufit. LensCrafters said it operates 955 stores in 49 U.S. states, Washington, D.C., and Puerto Rico, with no stores in Wyoming.

Persons: Andrew Kelly, LensCrafters, Accufit, Allegra et, Jonathan Stempel, Jonathan Oatis Organizations: EssilorLuxottica SA, REUTERS, Reuters, Customers, D.C, Retail, Court, Eastern District of, Thomson Locations: Manhattan , New York City, U.S, Brooklyn, New York , California, Florida, Washington, Puerto Rico, Wyoming, Paris, Charenton, Pont, America, Eastern District, Eastern District of New York, New York

☆ Son of Colombia's president pleads not guilty to money laundering charges
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Nicolas Petro, son of Colombian President Gustavo Petro, speaks at the Atlantic Assembly in Barranquilla, Colombia on March 14, 2023, in this screengrab taken from a handout video. Asamblea del Atlantico / Handout via REUTERS/File PhotoBOGOTA, Aug 1 (Reuters) - The eldest son of Colombian President Gustavo Petro, Nicolas Petro, on Tuesday pled not guilty to charges of money laundering and illicit enrichment at a court in Bogota, the capital. By denying the charges, Nicolas Petro lost the chance to secure a 50% reduction of any sentence if convicted. The president's son could receive a sentence of between 12 and 20 years if found guilty during a trial, according to lawyers. Vasquez also denied the charges of money laundering and violating data protection laws.

Persons: Nicolas Petro, Gustavo Petro, Daysuris del Carmen Vasquez, Vasquez, Petro, Luis Jaime Acosta, Oliver Griffin, Leslie Adler Organizations: Atlantic Assembly, REUTERS, Thomson Locations: Barranquilla, Colombia, del Atlantico, Handout, BOGOTA, Bogota, Atlantico province

☆ 7,400 student-loan borrowers hurt by a school's 'widespread misconduct' are getting $130 million in debt wiped out, Biden's Education Department says
▼ + stars: | 2023-07-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Education Department announced it will be wiping out $130 million in student debt for 7,400 borrowers. On Tuesday, the Education Department announced it will deliver $130 million in debt cancellation to 7,400 students who were enrolled at Colorado-based locations of CollegeAmerica between January 1, 2006 and July 1, 2020. The department said it will begin notifying borrowers eligible for relief in August, after which those borrowers will see their remaining balances wiped out. In 2022, CEHE sued the Education Department, accusing it of forcing the company to close so students would qualify for debt relief. And in total, we have approved $116 billion in debt relief for over 3.4 million Americans," he continued.

Persons: Joe Biden's, Richard Cordray, CEHE, Philip Weiser, –, Biden, we've Organizations: Education Department, Service, Joe Biden's Education Department, Center, Excellence, Higher, Aid, Colorado Attorney, Corinthian Colleges, CollegeAmerica Locations: Colorado, CollegeAmerica, Wall, Silicon, CollegeAmerica Colorado

☆ How market expectations have changed this year
▼ + stars: | 2023-07-24 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

As the economy and market continue to hum along, some investors’ expectations for what’s to come are shifting. Before the Bell: What were your market expectations at the start of this year, and how have they changed? Lori Van Dusen: When you look at what’s happened in the market on the surface, I think everybody knows it’s been a really good market, especially in the US, but it’s also been a very concentrated market around these seven stocks. And I think that’s why the market is broadening, and generally market participants are more constructive and taking their wins in technology and rotating. I think they’re fundamentally great companies, but I don’t think that their leadership will continue.

Persons: Tesla, ’, Bell, Lori Van Dusen, it’s, we’ve, I’ve, Don’t, don’t, you’re, You’ve, Nathaniel Meyersohn, CNN’s Caolán Magee Organizations: CNN Business, Bell, CNN, Dow Jones Industrial, Nasdaq, Nvidia, Apple, Microsoft, Fed, LVW Advisors, Economic, Institute, National Restaurant Association, Workers Locations: Las Vegas, States, Europe, Rome, Greece

☆ More states want to let kids work as bartenders
▼ + stars: | 2023-07-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —More states are letting teenagers serve alcohol at bars and restaurants, part of a growing rollback of child labor protection laws across the United States. The restaurant industry already has the highest number of child labor law violations, according to the Economic Policy Institute. Efforts to lower alcohol serving ages are part of a larger push to loosen child labor protections in states around the country. Federal laws providing minimum protections for child labor were enacted nearly a century ago. But in the past two years, at least 14 states have introduced or passed laws rolling back child labor protections, the Economic Policy Institute reports.

Persons: Alabama —, ”, Nina Mast, Cargill, Tyson, Joe Biden’s Organizations: New, New York CNN, Economic Policy Institute, National Restaurant Association, Bureau of Labor Statistics, Economic, Institute, “, US Department of Labor, Packers Sanitation Services, JBS, New York Times Locations: New York, United States, — Iowa, Michigan , Ohio , Kentucky, West Virginia, New Mexico, Alabama, Wisconsin, Idaho, Arkansas

☆ Here’s how Bud Light became the latest corporate bogeyman for Ron DeSantis
▼ + stars: | 2023-07-21 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

Partnering with a young, popular trans woman could help a brand like Bud Light reach a more youthful demographic. But because Bud Light managed to alienate everyone, it hasn’t gotten the benefit of a buycott. In the week ending on July 8, Bud Light sales, by dollar, fell nearly 24% year-over-year, according to data provided by Williams. Others are more breezy, showing people enjoying Bud Light despite the inconveniences of summer (sunburn, thunderstorm). Bud Light is “coming back,” said Marcel Marcondes, AB InBev’s chief marketing officer, during the Cannes Lions International Festival of Creativity in June.

Persons: Ron DeSantis, Bud Light, influencer Dylan Mulvaney, Bud, BUD, “, Mulvaney, Lamar Taylor, “ prudently, DeSantis, Taylor, Scott Olson, Bud Light’s, Dylan Mulvaney, Anheuser Bush, — Anheuser, Brendan Whitworth, ”, LIV, Rob Carr, buycotts, hasn’t, Bump Williams, Williams, Busch, Whitworth, ” Whitworth, Marcel Marcondes, ” Daniel Korschun, ” Korschun, Erin Reed, Elon Musk, he’s Organizations: New, New York CNN, Florida Gov, Republican, Bud Light, Anheuser, Busch InBev, State Board of Administration, AB InBev, CNN, Busch, “ Anheuser, Gallup, — Anheuser Busch’s, America, Trump National Golf Club, Modelo Especial, InBev’s, Cannes Lions International, Creativity, Drexel University, InBev, Republicans, Target, Twitter, Tesla, Disney Locations: New York, Florida, Sterling , Virginia, Central Florida

☆ A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
▼ + stars: | 2023-07-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.

Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired

[1/2] A response by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. The EU and its member states have dispatched officials for talks on governing the use of AI with at least 10 Asian countries including India, Japan, South Korea, Singapore and the Philippines, they said. The officials asked not be named as the discussions, whose extent has not been previously reported, remained confidential. Officials from Singapore and the Philippines expressed concern that moving overly hasty regulation might stifle AI innovation. Seoul will continue discussing AI regulation with the EU but is more interested in what the G7 is doing, a South Korean official said following a meeting with Breton.

Persons: Florence, Alexandra van Huffelen, van Huffelen, Thierry Breton, Breton, Fanny Potkin, Sam Nussey, Supantha Mukherjee, Joyce Lee, Tomasz Janowski Organizations: REUTERS, European, EU, Reuters, Officials, General Data, European Union, South Korean, Thomson Locations: Florence Lo, SINGAPORE, TOKYO, STOCKHOLM, Asia, India, Japan, South Korea, Singapore, Philippines, Canada, Turkey, Israel, EU, France, Germany, Italy, Britain, United States, Hiroshima, Seoul

[1/2] A response by ChatGPT, an AI chatbot developed by OpenAI, is seen on its website in this illustration picture taken February 9, 2023. The EU and its member states have dispatched officials for talks on governing the use of AI with at least 10 Asian countries including India, Japan, South Korea, Singapore and the Philippines, they said. Officials from Singapore and the Philippines expressed concern that moving overly hasty regulation might stifle AI innovation. Seoul will continue discussing AI regulation with the EU but is more interested in what the G7 is doing, a South Korean official said following a meeting with Breton. The EU is planning to use the upcoming G20 meetings to further push for global collaboration on AI, notably with 2023 president India, van Huffelen told Reuters.

☆ US FTC opens investigation into OpenAI over misleading statements -document
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +3 min

The FTC this week sent a 20-page demand for records about how OpenAI - the maker of generative artificial intelligence chatbot ChatGPT - addresses risks tied to its AI models. The agency is probing if OpenAI engaged in unfair practices that resulted in "reputational harm" to consumers. According to the FTC's demand for information sent to OpenAI, one of the questions has to do with steps OpenAI has taken to address its products' potential to "generate statements about real individuals that are false, misleading, or disparaging." The FTC declined comment, while OpenAI did not immediately respond to a request for comment. OpenAI in March also ran into trouble in Italy, where the regulator had ChatGPT taken offline over accusations OpenAI violated the European Union's GDPR - a wide-ranging privacy regime enacted in 2018.

Persons: OpenAI, Lina Khan, Dado Ruvic, Chuck Schumer, ChatGPT, Diane Bartz, Mrinmay Dey, Samrhitha Arunasalam, Aditya Soni, Nivedita Bhattacharjee, Mark Porter, Maju Samuel Organizations: U.S . Federal Trade Commission, Microsoft, FTC, Activision Blizzard, Washington Post, REUTERS, Reuters, U.S ., Thomson Locations: United States, Italy, U.S, Washington, Bengaluru

☆ US FTC opens investigation into OpenAI - Washington Post
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

July 13 (Reuters) - The U.S. Federal Trade Commission has opened an investigation into OpenAI, the maker of ChatGPT, on claims it has run afoul of consumer protection laws by putting personal reputations and data at risk, the Washington Post reported on Thursday. The FTC this week sent a 20-page demand for records about how OpenAI addresses risks related to its AI models, the Post said, citing a document. The FTC and OpenAI did not immediately respond to Reuters' requests for comment. OpenAI had in March also run into trouble in Italy, where the regulator had ChatGPT taken offline over accusations that OpenAI violated the European Union's GDPR - a wide-ranging privacy regime enacted in 2018. Reporting by Mrinmay Dey and Samrhitha Arunasalam in Bengaluru; Editing by Nivedita Bhattacharjee and Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: OpenAI, Chuck Schumer, ChatGPT, Mrinmay Dey, Samrhitha, Nivedita Bhattacharjee, Maju Samuel Organizations: U.S . Federal Trade Commission, Washington Post, Microsoft, FTC, Post, Global, Reuters, U.S ., Thomson Locations: OpenAI, United States, Italy, U.S, Bengaluru

☆ FTC is investigating ChatGPT-maker OpenAI for potential harm to consumers
▼ + stars: | 2023-07-13 | by ( Brian Fung | ) edition.cnn.com time to read: +4 min

OpenAI didn’t immediately respond to a request for comment. OpenAI CEO Sam Altman addresses a speech during a meeting, at the Station F in Paris on May 26, 2023. As the nation’s top consumer protection watchdog, the FTC is empowered to prosecute privacy abuses, untruthful marketing, and other harms. FTC Chair Lina Khan has argued that the agency’s existing congressional mandate provides ample authority for the FTC to prosecute abusive uses of AI. Some critics of OpenAI previously filed a complaint to the FTC claiming that algorithmic bias, privacy concerns and ChatGPT’s tendency to hallucinate may violate US consumer protection law.

Persons: Sam Altman, OpenAI, OpenAI didn’t, Joel Saget, Lina Khan, “ turbocharge, Khan, ” Khan, ” OpenAI Organizations: Washington CNN, Federal Trade Commission, FTC, The Washington, CNN, Getty, European Union, scammers, New York Times Locations: Paris, AFP, “

☆ Open AI is being investigated by the FTC over data and privacy concerns. It could be ChatGPT's biggest threat yet.
▼ + stars: | 2023-07-13 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

The FTC is investigating OpenAI over its lack of transparency regarding data and privacy. The FTC is demanding Open AI detail how and where it collects data. The investigation adds to growing legal challenges filed against the AI company behind ChatGPT. Like the FTC's current probe, many existing legal challenges to OpenAI concern the company's collection of data to train ChatGPT. But Altman has yet to comment on any of the recent legal challenges aimed at his company.

Persons: —, OpenAI, ChatGPT, Sarah Silverman, Sam Altman, Altman Organizations: FTC, Morning, Federal Trade Commission, The Washington, The Post, Twitter, Facebook Locations: Abu Dhabi

☆ FTC opens investigation into OpenAI over misleading statements
▼ + stars: | 2023-07-13 | by ( ) www.reuters.com time to read: +2 min

The FTC this week sent a 20-page demand for records about how OpenAI addresses risks related to its AI models. The agency is investigating whether the company engaged in unfair or deceptive practices that resulted in "reputational harm" to consumers. One of the questions has to do with steps OpenAI has taken to address the potential for its products to "generate statements about real individuals that are false, misleading, or disparaging." Global regulators are aiming to apply existing rules covering everything from copyright and data privacy to two key issues: the data fed into models and the content they produce, Reuters reported in May. OpenAI in March also ran into trouble in Italy, where the regulator had ChatGPT taken offline over accusations OpenAI violated the European Union's GDPR - a wide-ranging privacy regime enacted in 2018.

Persons: OpenAI, Chuck Schumer, ChatGPT, Diane Bartz, Mrinmay Dey, Samrhitha, Nivedita Bhattacharjee, Maju Samuel, Mark Porter Organizations: U.S . Federal Trade Commission, Microsoft, FTC, Washington Post, Reuters, U.S ., Thomson Locations: OpenAI, United States, Italy, U.S, Washington, Bengaluru

☆ FTC investigating ChatGPT-maker OpenAI for possible consumer harm
▼ + stars: | 2023-07-13 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

The Federal Trade Commission is investigating ChatGPT-maker OpenAI to understand if the company has violated consumer protection laws. The Washington Post, which first reported the news, published the FTC's 20-page civil investigative demand (CID), similar to a subpoena outlining key focuses of the probe. A source familiar with the matter confirmed the authenticity of the document to CNBC. The FTC and other agencies have emphasized that they already have legal authority to pursue harm created by AI. The document also asks how OpenAI assesses risk in LLMs and how it monitors and deals with misleading or disparaging statements about people.

Persons: OpenAI, Lina Khan's, Sam Altman Organizations: Federal Trade Commission, Washington Post, CNBC, FTC, CID, ChatGPT, YouTube Locations: Washington, LLMs

☆ Why Republican lawmakers are going after Target
▼ + stars: | 2023-07-13 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +7 min

In singling out Target, GOP lawmakers and right-wing social media personalities are sending a larger warning to corporate America to roll back recent diversity and inclusion policies, analysts say. Target first began its diversity initiatives 20 years ago and added new policies in 2020. Such efforts to curb gun violence have run into fierce pushback from Republican lawmakers who oppose both gun restrictions and corporations taking on social roles. Now, Republicans are stepping up their scrutiny on companies’ diversity efforts in the wake of the Supreme Court’s decision on affirmative action in college admissions. It is also likely to invite legal challenges to corporate DEI programs, as Cotton’s letter to Target foreshadows.

Persons: ”, Julian Zelizer, isn’t, ” Zelizer, Brandon Bell, Getty Images Arkansas Sen, Tom Cotton, Cotton, Andra Gillespie, “, He’s, Sen, Matt Walsh, George Floyd, “ It’s, Brian Cornell, Bud, They’ve, Chick, Bud Light, Ron DeSantis Organizations: New, New York CNN, Target, Princeton University, CNN, GOP, Walmart, Democratic, Getty Images Arkansas, Republican, Equity, Emory University, Republicans, Twitter, America Corporate America, ”, Disney, Nike, Companies, Florida Gov, America, Facebook, Corporate America, Dick’s Sporting Goods, Citigroup, Black, Fortune Locations: New York, America, Black, Cotton’s, Arkansas, Minneapolis, Emplifi, Parkland , Florida, El Paso , Texas, Dayton , Ohio

☆ Europe and the U.S. finally agree a landmark data-sharing pact — and it's already under threat
▼ + stars: | 2023-07-12 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

CNBC runs through all you need to know about the new EU-U.S. privacy framework, why it matters, and its chances of success. What's the new EU-U.S. Data Privacy Framework? Schrems said that revelations from NSA whistleblower Edward Snowden about U.S. surveillance meant that American data protection standards couldn't be trusted. Instead, individual U.S. states have come up with their own respective regulations for data privacy, with California leading the charge. The approval of a new data privacy framework means that businesses will now have certainty over how they can process data across borders going forward.

Persons: Pavlo Gonchar, Max Schrems, Schrems, Edward Snowden, Cambridge Analytica, Holger Lutz, Clifford Chance, Meta Organizations: Getty, European Union, CNBC, EU, U.S, European Commission, Protection, European Court of Justice, Facebook, Irish Data Protection, Data, Meta, Google, Cambridge, General Data Locations: America, EU, Europe, U.S, California, Austrian

As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay more than $100 million to customers and $90 million in penalties. The Office of the Comptroller of the Currency also ordered Bank of America (BAC) to pay $60 million in fines. “Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” CFPB Director Rohit Chopra said in a statement. Bank of America noted in an email to CNN that those fees were eliminated last year. In 2014, it was ordered by the CFPB to pay $727 million in redress to consumers for illegal credit card practices.

Persons: Wells, ”, Rohit Chopra, Bank of America “, “ Organizations: New, New York CNN, Bank of, Consumer Financial Protection Bureau, Bank of America, Currency, “ Bank of, OCC, CNN, of America Locations: New York, United States

☆ Some Republican Attorneys General Warn Target Its Pride Collection Could Violate Child-Protection Laws
▼ + stars: | 2023-07-08 | by ( Suryatapa Bhattacharya | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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