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

  • The Consumer Financial Protection Bureau has proposed a new rule to block data brokers from selling sensitive personal information of Americans, including Social Security numbers and phone numbers, under the Fair Credit Reporting Act.
  • The proposed rule treats data brokers like credit bureaus, requiring compliance with the Fair Credit Reporting Act, according to the CFPB.
  • If adopted, the rule aims to protect Americans' personal data and address concerns over national security and public safety, as stated by the CFPB.
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