Sunday, February 5, 2012

Is Facebook using your Personal Data?

Part of consumer protection in financial services relates to protection of personal data – how financial institutions use and share the data and how consumers can correct inaccuracies. Today’s The New York Times article, "Facebook is Using You", describes how data aggregators collect and share consumers’ data without advising consumers of the use of such data. If this happens with Google searches, email and Facebook pages, can consumers be assured that personal data is not similarly abused by financial institutions?
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