US Moves to Curb Data Brokers' Sale of Personal Information

The Consumer Financial Protection Bureau (CFPB) is proposing a rule to regulate data brokers under the Fair Credit Reporting Act, aiming to limit their ability to sell sensitive personal information without explicit consent. This move is intended to curb practices that enable scams and threaten national security. The proposal seeks to treat data brokers like credit reporting agencies, requiring them to obtain clear authorization before handling credit information. The CFPB's action addresses concerns about data misuse and aims to protect consumers from predatory practices.