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US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data

  • The Consumer Financial Protection Bureau has proposed a new rule to block data brokers from selling Americans' personal and financial information.
  • The proposed rule aims to rein in data brokers who evade federal law by claiming they're not subject to the Fair Credit Reporting Act (FCRA).
  • The rule treats data brokers the same as credit bureaus and background check companies, subjecting them to federal protection under the FCRA.
  • The proposed rule restricts data brokers from selling sensitive information like Social Security numbers and phone numbers.

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