The U.S. Consumer Financial Protection Bureau (CFPB) today proposed a rule to regulate data brokers that sell sensitive personal and financial information, including Social Security numbers, phone numbers, and financial data such as income. These sales generate more than $250 billion a year. Under the proposed rule, companies would need separate, explicit authorization from consumers to share credit reports, rather than a blanket agreement that is buried in fine print.
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I’m gonna miss that government agency when it gets put into the woodchipper next year :(