When electronics retailer Radio Shack filed for bankruptcy, the chain proposed selling customers' personal data to raise cash and repay creditors. That's not gonna happen, and the news is seen as a win for the right to privacy.

A settlement reached today killed the data-sale scheme, and legally protects most customer information.

Radio Shack's original plan to sell customer data was rejected by suppliers including AT&T and Apple. The Federal Trade Commission and other consumer advocates argued the electronics retailer had promised customers it would protect their data, and that this would be a breach of that promise.

From CNN Money: