The FTC’s proposed settlement shows that the FTC is focusing its limited resources on penalizing companies for unintentional actions that do not result in any actual user harm rather than directing these resources at cases where users suffer real harm or companies intentionally tried to mislead users. As a result, this proposed settlement may discourage companies from fully disclosing details about their data handling practices in the future.
Bank Privacy Notices Cost Consumers Over $700M Annually
ITIF Senior Analyst Daniel Castro estimates that the Gramm-Leach-Bliley privacy notices cost $700 million annually and generate 171 million pounds of greenhouse gases. Congress should eliminate these privacy notices and only require banks to send these notices to customers who register their email address.
Create a Virtual Panopticon to Cut Wasteful Government Spending
Recent scandals involving the use of federal funds reveal how helpful technology could be in averting these severe situations. While it should not be a replacement for the good work of the inspector generals at government agencies, who may be more adept at spotting problems and failures to adhere to regulations, using technology may increase transparency and accountability and help ensure that federal funds are used more appropriately.
A Multistakeholder Process To Develop Consumer Privacy Codes of Conduct
ITIF submitted these comments in response to the National Telecommunications and Information Administration’s (NTIA) request for comment on the “multistakeholder process to develop consumer data privacy codes of conduct.” Primarily these comments address NTIA’s inquiry into w