Originally published on Fri August 10, 2012 10:20 am
Credit Paul Sakuma / AP
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.