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Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law with a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that could spur new consumer data rules.
The U.S. Federal Trade Commission announced on Monday that Equifax Inc. will pay up to $700 million for a data breach that exposed millions of consumers' personal information.
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc as early as this week of its investigation into the social media company’s handling of user data, two sources briefed on the matter said on Monday.
The so-called FANG stocks take center stage on Wall Street this week, with Amazon , Alphabet and Facebook set to report as the S&P 500 approaches a record high.