News Summary: Industry braces for phone apps rules Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 1:29 pm, Tuesday, December 18, 2012 The Federal Trade Commission is this week expected to approve stricter online child privacy rules, updating a 1998 law that prohibits the collection of personal information from preteens. Software developers say the new rules would stifle creativity and saddle small businesses with higher costs to comply with the regulations, and may lead to less online content for kids.