The Wall Street Journal reports the U.S. Federal Trade Commission could formally announce its $5 billion settlement with Facebook this week. In addition to the fine, the settlement is likely to feature more stringent regulatory oversight while mandating Facebook to create a board-level committee to oversee its privacy efforts. The new board would lend support to a previously established privacy team that reviews new products. Meanwhile, the Irish Data Protection Commission expects a decision by the end of 2019 on its own probe into Facebook's possible violations of the EU General Data Protection Regulation, according to DPC Deputy Commissioner Dale Sunderland. Also, U.K. House of Commons Digital, Culture, Media and Sport Committee Chair Damian Collins said the government may investigate privacy concerns with Facebook's new cryptocurrency, Libra. (Registration may be required to access this story.)
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