The federal government’s chief auditor has recommended Congress consider developing legislation to beef up consumers’ internet data privacy protections. much like the EU’s General Data Protection Regulation. The recommendation was included in a 56-page report (PDF) issued Wednesday by the Government Accountability Office, the government agency that provides auditing, evaluation and investigative services for Congress. The report was prepared at the request two years ago by Rep. Frank Pallone Jr. (D-N.J.), chairman of the House Energy and Commerce Committee, which has scheduled a hearing to discuss the subject for Feb. 26.
Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. Bloomberg calculated the dollar amounts from the Federal Reserve Bank of New York’s quarterly household-debt report, which includes only the total owed and the percentage delinquent at least 90 days or in default.