The Federal Trade Commission continues its efforts to be the leading federal regulator in the areas of privacy and data security. Its latest FinTech Forum highlights emerging issues relating to blockchain, machine learning, and related tools that increasingly influence how sensitive information about consumers is collected, used, shared and secured. These programs help inform the agency’s efforts as it sets policy aimed at protecting consumers, while also promoting innovation that benefits consumers. Programs such as the latest emerging issues forum help the FTC to understand the “ways in which these technologies are being used to offer consumer services, the potential benefits, and consumer protection implications as these technologies continue to develop.”
Following the FTC’s focus on these issues provides clarity for companies on the ways in which the agency is targeting consumer protection, as well as an opportunity for them to participate in a conversation that showcases the ways in which innovation can benefit consumers.