The inquiry appears to be tied to an admission by the app’s owner, ByteDance, that employees had inappropriately obtained Americans’ data. The company said it had fired the workers involved.
Tag: Regulation and Deregulation of Industry
-
Biden Asks Congress for New Tools to Target Executives of Failed Banks
The request is a response to the federal rescue of Silicon Valley Bank and Signature Bank, and it seeks to impose new fines and other penalties.
-
Silicon Valley Bank’s Parent Company Files for Bankruptcy
The move would place SVB Financial Group, which owns other businesses aside from the collapsed Silicon Valley Bank, into a court-led process as creditors look to recover funds.
-
Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.