Consumer Finance

FTC Issued an Advanced Notice of Proposed Rulemaking on Data Privacy and Security

August 12, 2022

The FTC announced an advanced notice of proposed rulemaking on commercial surveillance and security. “Commercial surveillance” is defined as the business of collecting, analyzing and profiting from consumer data.

The FTC seeks public comment on implementation of new rules on how businesses “(1) collect, aggregate, protect, use, analyze,
and retain consumer data, as well as (2) transfer, share, sell, or otherwise monetize that data in ways that are unfair or deceptive.”

The FTC will hold a public hearing on Thursday, September 8, 2022. Topics include:

To What Extent Do Commercial Surveillance Practices or Lax Security Measures Harm Consumers?
To What Extent Do Commercial Surveillance Practices or Lax Data Security Measures Harm Children, including Teenagers?
How Should the Commission Balance Costs and Benefits?
How, if at All, Should the Commission Regulate Harmful Commercial Surveillance or Data Security Practices that Are Prevalent?

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Consumer Finance

FTC Issued an Advanced Notice of Proposed Rulemaking on Data Privacy and Security

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