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Article Summary
- Consumer Financial Protection Bureau (CFPB) is considering new rules to oversee data brokers
- Data brokers collect and sell personal information of consumers without their knowledge or consent
- The Fair Credit Reporting Act (FCRA) may be used by CFPB to regulate data brokers
- Data brokers have been criticized for lack of transparency and accountability in handling consumer data
- CFPB's potential oversight of data brokers aims to protect consumers' privacy rights Tone: informative and critical
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Top US Consumer Watchdog Has A Plan To Fight Predatory Data Brokers
A new proposal by the Consumer Financial Protection Bureau would use a 54-year-old privacy law to impose new oversight of the data broker industry. But first, the agency must survive Elon Musk.
https://www.wired.com/story/cfpb-fcra-data-broker-...
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