FTC Chair 'Optimistic' About New Data Agreement with EU

The chairwoman of the Federal Trade Commission said that negotiators were “well on our way” to reaching a new agreement governing how American companies can store data belonging to Europeans. “In my mind, I’m optimistic that we’re going to be able to find a solution to this, I’m hoping by the end of this month,” she said while appearing at the trade show CES. “But we’re well on our way I think to doing that.”