US regulators under attack because they want to punish Facebook

WASHINGTON: US Federal Privacy Regulators Gone In Congress While Discussing A Record Fine Facebook To Punish The Company For Alleged Violations Of User Privacy.

The Eyes Are On The Federal Trade Commission, Because It Is Also Considering A Rare Action With A CEO Mark Zuckerberg Personally Accountable For Facebook's Failure To Honor A 2011 Agreement On Privacy Lapses. The Agency Also May Limit How The Giant Social Network Targets Advertising To Its Massive User Base.

Beyond A Fine, Which Is Expected To Run As Much As $ 5 Billion, Comprehensive Action By The FTC Could Mark A Watershed In Government Action Against The Tech Industry To Protect Consumer Privacy.

FTC Chairman Joseph Simons And His Four Fellow Commission Members Will Appear Before A House Committee At A Hearing Wednesday.