The Federal Trade Commission (FTC) is urging the courts to secure tens of millions of consumers’ personal data as RadioShack goes through bankruptcy, The Hill reported yesterday. The FTC yesterday recommended that Standard General, which purchased the electronics retailer, be bound to the terms that were in place when consumers initially handed over their data. After RadioShack filed for bankruptcy earlier this year, it put up a number of assets up for auction, including lists of names, home addresses, email addresses and purchase histories. Standard General was the top bidder for the assets, which included 1,743 RadioShack stores in addition to the company’s trove of consumer data. Approval from a bankruptcy court is required to finalize the deal, and a hearing is set for later this week.
