MGM Resorts International has filed a lawsuit against the U.S. Federal Trade Commission (FTC) to prevent an investigation into the impact of a major hack on its data security. The casino operator argues that it is not subject to FTC rules governing consumer financial data as it is not a financial institution. The lawsuit also claims that FTC Commissioner Lina Khan, who was reportedly staying at an MGM hotel during the hack, should recuse herself due to personal involvement.
WASHINGTON - MGM Resorts International is suing the U.S. Federal Trade Commission to block a probe into the impact on data security of the dramatic hack that hobbled the casino operator last year.
The lawsuit also argued that, because FTC Commissioner Lina Khan was reportedly checking in to an MGM hotel when the hack knocked out its systems, she was personally involved in the matter and should recuse herself.The FTC declined to comment on the suit. MGM had said previously that regulators were examining the breach.
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I’m 49 years old and I’ve had a steady job for over 15 years now as a government contractor. I plan to retire at around 65. I have $500,000 in savings between my 401, IRA and individual savings accounts. I’m renting, I don’t have any debt and I have a small family of three. I’m The post Ask an Advisor: I’m 49 With $500k in Savings But ‘I’m Concerned’ About Retirement Income and Annuities Are ‘Too Expensive.’ What Are My Options? appeared first on SmartReads by SmartAsset.
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