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CFPB Proposes Rule to Stop Data Brokers from Selling Sensitive Personal Data to Scammers, Stalkers, and Spies (www.consumerfinance.gov)

submitted 3 weeks ago* (last edited 3 weeks ago) by [email protected] to c/[email protected]

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Prepared Remarks of CFPB Director Rohit Chopra on Protecting Americans from Harmful Data Broker Practices

The Consumer Financial Protection Bureau (CFPB) today proposed a rule to rein in data brokers that sell Americans' sensitive personal and financial information. The proposed rule would limit the sale of personal identifiers like Social Security Numbers and phone numbers collected by certain companies and make sure that people’s financial data such as income is only shared for legitimate purposes, like facilitating a mortgage approval, and not sold to scammers targeting those in financial distress. The proposal would make clear that when data brokers sell certain sensitive consumer information they are "consumer reporting agencies" under the Fair Credit Reporting Act (FCRA), requiring them to comply with accuracy requirements, provide consumers access to their information, and maintain safeguards against misuse.

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[–] [email protected] 7 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

I mean, it kinda is (for them). There's this weird enmeshment campaign where billionaires are trying to lobby people in a chamber of secrets snake whisper that together the billionaire and the unwashed person are worth billions together and that everything setup to side with normal people is a threat to both of them so they need to vote for rolling back regulation

Its exactly how parasites behave in the human and animals kingdoms

[–] [email protected] 6 points 3 weeks ago

That's my point.