The Washington Post reports that the social networking site Xanga has agreed in a settlement with the Federal Trade Commission to pay $1 million fine for alleged violations of the Children’s Online Privacy Act. As part of the settlement, Xanga has also agreed to tighten up privacy controls after it allegedly collected, used, and disclosed personal information of users under the age of 13. This settlement comes on the heels of congressional hearings and proposed legislation aimed at addressing concerns that youth are exposing themselves to sexual and financial predators online… (Note: This site requires free registration.)