U.S. Sens. Ron Wyden, D-Ore., and Sherrod Brown, D-Ohio, along with Rep. Anna Eshoo, D-Calif., penned a letter urging the Federal Trade Commission to investigate alleged improper data sale by financial technology firm Envestnet and its subsidiary, Yodlee, The Wall Street Journal reports. The lawmakers wrote, "Consumers generally have no idea of the risks to their privacy that Envestnet is imposing on them." In a statement, Yodlee refuted the allegations, saying it complies with regulatory standards "in accordance with leading industry practices for data security and privacy." (Registration may be required to access this story.)
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