The Federal Trade Commission has finalized a settlement with Facebook in which the social media leader agrees to get users' approval before making any privacy changes and agrees to periodic third-party audits for the next 20 years on how it handles user privacy.
We told you about this settlement back in November, but today, Reuters reports, after a period of public comment, the settlement has become official.
Saying it wants "to protect homeowners from surprises and costly mistakes by their mortgage servicers," the Consumer Financial Protection Bureau today proposed new rules it believes would make the home loan process simpler and give struggling homeowners more of a chance to avoid foreclosures.
Oh, the famed Sturgis motorcycle rally is wrapping up its 72nd year in South Dakota this weekend. And as the rally ages, so do many of the riders. NPR's Amy Walters was there with some rally old-timers - rally old-timers - checking out what's new on three wheels.
The allegations this week against London-based Standard Chartered Bank raise questions, not just about the bank's viability but also about the efficacy of U.S. laws when it comes to foreign banks. Standard Chartered allegedly violated U.S. sanctions against Iran, and regulators said the bank's executives lied to investigators as part of a cover-up.
The case serves as yet another reminder that U.S. regulations, which have strengthened since the Sept. 11, 2001, terrorist attacks, apparently did not deter foreign banks from laundering money through their U.S. operations.
Zoe Chace and Robert Smith are reporting from European borders this week. This is the third story in a four-part series.
The eurozone was supposed to create one big labor market by making it easy to cross borders for work.
But Gerhard Wiegelmann, a CEO in Stuttgart, Germany, can't find enough workers to staff his company — even with unemployment in Spain over 20 percent. He's had to turn down projects because he can't hire enough people.
Originally published on Mon October 15, 2012 11:06 am
Credit Ebony Bailey / NPR
Some enterprising dairy farmers in rural Maryland have found a new source of income — opening ice cream shops on their farms. This summer, seven of them have come together to form Maryland's Best Ice Cream Trail, the nation's first farm-based ice cream trail. And the results so far seem pretty sweet.
As several news outlets had predicted last month would happen, Google is going to pay $22.5 million — the largest civil penalty the Federal Trade Commission has ever levied — to settle charges that it wasn't straight with users of Apple's Safari browser about how it would track their Web surfing.