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Facebook loses bid to block European Union court's privacy decision - Vimarsana News

Facebook loses bid to block European Union court's privacy decision

Ireland’s data regulator can proceed with an inquiry that could lead to a ban on Facebook’s data transfers from the European Union to the United States, the country's High Court ruled on Friday. Ireland’s Data Protection Commissioner (DPC) launched an inquiry in August and issued a provisional order that the mechanism Facebook uses to transfer EU user data to the United States "cannot in practice be used". Facebook had challenged both the inquiry and the Preliminary Draft Decision (PDD), saying they threatened "devastating" and "irreversible" consequences for its business, which relie...

Bank of America to pay $75 million to settle lawsuit alleging excessive overdraft fees - Vimarsana News

Bank of America to pay $75 million to settle lawsuit alleging excessive overdraft fees

A roundup of business news from around the world.