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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on January 25, 2022

    Featured image for article about Top Stories

    By David Shepardson and Doina Chiacu

    WASHINGTON (Reuters) -Texas, Indiana, Washington State and the District of Columbia sued Alphabet Inc’s Google on Monday over what they called deceptive location-tracking practices that invade users’ privacy.

    “Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company could access,” Washington, D.C., Attorney General Karl Racine’s office said in a statement.

    Yet Google “continues to systematically surveil customers and profit from customer data,” the statement said, calling the practice “a clear violation of consumers’ privacy.”

    Google spokesperson Jose Castaneda said the “attorneys general are bringing a case based on inaccurate claims and outdated assertions about our settings. We have always built privacy features into our products and provided robust controls for location data. We will vigorously defend ourselves and set the record straight.”

    Texas Attorney General Ken Paxton alleged Google misled consumers by continuing to track their location even when users sought to prevent it.

    Google has a “Location History” setting and informs users if they turn it off “the places you go are no longer stored,” Texas said.

    Google “continues to track users’ location through other settings and methods that it fails to adequately disclose,” Texas said.

    Washington state Attorney General Bob Ferguson said in 2020, Google made nearly $150 billion from advertising. “Location data is key to Google’s advertising business. Consequently, it has a financial incentive to dissuade users from withholding access to that data,” Ferguson’s office said in a statement Monday.

    In May 2020, Arizona filed a similar lawsuit https://www.reuters.com/article/us-google-arizona-lawsuit/u-s-state-of-arizona-files-consumer-fraud-lawsuit-against-google-idUSKBN2333CP against Google over collection of user location data. That lawsuit is pending.

    Democratic Senator Richard Blumenthal said “the stunning allegations in this bipartisan suit by four attorneys general show, yet again, that tech companies continue to mislead, deceive, and prioritize profits over protecting user privacy.”

    He said “Congress must urgently meet this moment in the privacy crisis by passing a comprehensive law that provides the privacy protections that Americans need and deserve.”

    (Reporting by David Shepardson and Doina Chiacu; additional reporting by Nate Raymond; Editing by Marguerita Choy and Lisa Shumaker)

    By David Shepardson and Doina Chiacu

    WASHINGTON (Reuters) -Texas, Indiana, Washington State and the District of Columbia sued Alphabet Inc’s Google on Monday over what they called deceptive location-tracking practices that invade users’ privacy.

    “Google falsely led consumers to believe that changing their account and device settings would allow customers to protect their privacy and control what personal data the company could access,” Washington, D.C., Attorney General Karl Racine’s office said in a statement.

    Yet Google “continues to systematically surveil customers and profit from customer data,” the statement said, calling the practice “a clear violation of consumers’ privacy.”

    Google spokesperson Jose Castaneda said the “attorneys general are bringing a case based on inaccurate claims and outdated assertions about our settings. We have always built privacy features into our products and provided robust controls for location data. We will vigorously defend ourselves and set the record straight.”

    Texas Attorney General Ken Paxton alleged Google misled consumers by continuing to track their location even when users sought to prevent it.

    Google has a “Location History” setting and informs users if they turn it off “the places you go are no longer stored,” Texas said.

    Google “continues to track users’ location through other settings and methods that it fails to adequately disclose,” Texas said.

    Washington state Attorney General Bob Ferguson said in 2020, Google made nearly $150 billion from advertising. “Location data is key to Google’s advertising business. Consequently, it has a financial incentive to dissuade users from withholding access to that data,” Ferguson’s office said in a statement Monday.

    In May 2020, Arizona filed a similar lawsuit https://www.reuters.com/article/us-google-arizona-lawsuit/u-s-state-of-arizona-files-consumer-fraud-lawsuit-against-google-idUSKBN2333CP against Google over collection of user location data. That lawsuit is pending.

    Democratic Senator Richard Blumenthal said “the stunning allegations in this bipartisan suit by four attorneys general show, yet again, that tech companies continue to mislead, deceive, and prioritize profits over protecting user privacy.”

    He said “Congress must urgently meet this moment in the privacy crisis by passing a comprehensive law that provides the privacy protections that Americans need and deserve.”

    (Reporting by David Shepardson and Doina Chiacu; additional reporting by Nate Raymond; Editing by Marguerita Choy and Lisa Shumaker)

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