CFPB Proposes Rule to Crack Down on Data Brokerage
KEY TAKEAWAYS The Consumer Financial Protection Bureau proposed a rule that would clarify and limit how data brokers can use consumers' financial data.More data brokers have emerged that collect and sell sensitive and private information about consumers,
CFPB proposal would subject data brokers to FCRA rules
The Consumer Financial Protection Bureau issued a proposal to protect consumer data privacy and categorize data brokers that sell sensitive consumer data as "consumer reporting agencies" under the Fair Credit Reporting Act,
Proposed CFPB rule would attempt to rein in data broker buying, selling
Data brokers have been getting away with selling Americans' personal and financial data, an illegal practice that a new rule proposed by the Consumer Financial Protection Bureau will intend to stop, CFPB Director Rohit Chopra said.
CFPB Proposes Rule to Regulate Data Brokers Under Credit Reporting Act
In a decisive move to rein in the data broker industry, the Consumer Financial Protection Bureau (CFPB) unveiled a draft rule Tuesday that would extend the stringent consumer protections of the Fair Credit Reporting Act (FCRA) to these often-overlooked entities.
CFPB Aims to Regulate Data Brokers Selling Personal Info
If finalized, the proposed rule would have the federal agency treating data broker sales of a person’s credit history, credit score, debt payments, or income as credit report sales subject to the Fair Credit Reporting Act.
CFPB proposes restrictions on sales of consumer information by data brokers
The consumer finance watchdog said it wants to ensure that sensitive personal data is shared only for ”legitimate purposes.”
CFPB unveils proposal to stop data brokers from selling sensitive personal data to scammers, stalkers & spies
Perhaps this proposal from the Consumer Financial Protection Bureau (CFPB) is an idea that everyone can support. The bureau on Tuesday proposed a rule that it said will rein in data brokers that sell Americans’ sensitive personal and financial information.
US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data
The U.S. consumer protection agency said it's closing the loophole to block the "widespread evasion" of federal law by data brokers.
CDIA Warns of Far-Reaching Consequences in CFPB's Proposed Data Broker Rule
The Consumer Data Industry Association (CDIA) today expressed concerns over the Consumer Financial Protection Bureau's (CFPB) proposed rule aimed at regulating data brokers under the Fair Credit Reporting Act (FCRA).
Consumer watchdog proposes crackdown on personal data sales
The Consumer Financial Protection Bureau (CFPB) on Tuesday rolled out a new proposal aimed at cracking down on data brokers selling Americans’ sensitive information. Under the proposed rule, the agency said it seeks to ensure data brokers comply with existing privacy law by treating “them as “consumer reporting agencies.
Data brokers may be banned from selling your social security number
In the wake of high-profile hacks affecting hundreds of millions of Americans, the Consumer Financial Protection Bureau (CFPB ...
US plan to protect consumers from data brokers faces dim future under Trump
"Unfortunately, it will be up to Trump's CFPB to finalize this proposed rule, and he and his billionaire donors are intent on ...