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According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. Earlier this week Racine said he believes more states will sue the socialmedia giant.
A Connecticut federal district court has refused to dismiss claims filed by the CFPB against a mortgage company and three of its principals for alleged Truth in Lending Act (TILA), Mortgage Act and Practice (MAP) Rule, and Consumer Financial Protection Act (CFPA) violations.
Read: We need to be bigger and have more capital to keep up with regulation and the industry. And what is socialmedia? ." - Loralee Hutchinson, President of Alarion Financial Services, Inc. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. Oh, and the fact that the CEO is 65 is a mere coincidence.
Senate panel examined the ways socialmedia giants — marquee names among them such as Google and Facebook — interact with users. Richard Blumenthal, Democrat from Connecticut, said that “On the issue of persuasive technology, I find, Ms. Algorithms and artificial intelligence — artfully applied, but for less-than-ideal purposes?
That post, theoretically, was supposed to calm fears that Facebook had been hacked, and to reassure users, investors and regulators that things were fine. There’s no question you are the right person,” Senator Richard Blumenthal, a Democrat from Connecticut, told reporters after Facebook executives briefed Senate staff on Thursday.
Mark Warner of Virginia arranged for a dinner with the socialmedia executive with other senators and told Fox Business Network, according to the report, “Facebook leadership realizes that failure to have federal legislation [on internet issues] is actually going to hurt them and the whole platform industry in the long run.”.
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