CFPB Proposes Rule to Restrict Data Brokers from Selling Sensitive Personal Information

Why Rules On Data Scammers and Credit Card Fees May Be the Consumer Financial Protection Bureau’s Swansong

The CFPB is meant to act in the best interest of the American consumer, but powerful corporate opposition and the ire of Elon Musk may mean a dicey future for the agency.

Consumer Watchdog Proposes New Regulations Targeting Data Brokers

The Consumer Financial Protection Bureau (CFPB) has unveiled a proposed rule aimed at curbing the practices of data brokers who sell sensitive personal information, often without consent, with the watchdog citing risks to consumer safety, national security, and financial stability. The proposed rule, announced on Dec. 3, seeks to bring data brokers under the framework of the Fair Credit Reporting Act (FCRA), requiring them to comply with strict …

CFPB Proposes Crackdown on Data Brokers That Sell Sensitive Personal Information

The U.S. Consumer Financial Protection Bureau (CFPB) today proposed a rule to regulate data brokers that sell sensitive personal and financial information, including Social Security numbers, phone numbers, and financial data such as income. These sales generate more than $250 billion a year. Under the proposed rule, companies would need separate, explicit authorization from consumers to share credit reports, rather than a blanket agreement that …

FTC takes action against companies accused of unlawfully tracking and selling location data

The Federal Trade Commission announced that it is taking action against two location data companies after it said that they unlawfully tracked and sold private consumer information.

US plan to protect consumers from data brokers faces dim future under Trump

Wyden: “Unfortunately, it will be up to Trump’s CFPB to finalize this proposed rule.”…

New consumer protection rules would block data brokers from selling Americans' sensitive info

Data brokers will be on a tighter leash when handling Americans' personal data, according to a new proposition by the U.S. Consumer Financial Protection Bureau (CFPB). Under the proposed rules, brokers would be blocked from selling personal and financial data that contains identifying information, including Social Security numbers and phone numbers — a move that would also limit the ability of scammers to procure such data and target individuals…