Companies to Settle FTC Charges They Falsely Claimed Participation in Privacy Shield 

Three U.S. companies have agreed to settle Federal Trade Commission charges that they misled consumers about their participation in the European Union-United States Privacy Shield framework, which allows companies to transfer consumer data from EU member states to the United States in compliance with EU law.

Source: Three Companies Agree to Settle FTC Charges They Falsely Claimed Participation in EU-US Privacy Shield Framework | Federal Trade Commission