US Moves to Curb Data Brokers' Sale of Sensitive Personal Information
Originally Published 1 year ago — by The Verge
The Consumer Financial Protection Bureau (CFPB) is proposing a rule to limit data brokers from selling sensitive personal and financial information, such as Social Security numbers, by classifying them as consumer reporting agencies under the Fair Credit Reporting Act (FCRA). This move follows major data breaches and aims to protect consumer privacy by requiring explicit consent for data sharing. The rule targets private companies, not government operations, and is open for public comment until March 2025, though potential political changes could impact its implementation.