Washington CNN —The US government plans to rein in the vast data broker industry with new, privacy-focused regulations that aim to safeguard millions of Americans’ personal information from data breaches, violent criminals and even artificial intelligence chatbots.
The potential rules, which are not yet public or final, could bar data brokers from selling certain types of consumer information — including a person’s income or their criminal and payment history — except in specific circumstances, the CFPB said.
The push could also see new restrictions on the sale of personal information such as Social Security numbers, names and addresses, which the CFPB said data brokers often buy from the major credit reporting bureaus to create their own profiles on individual consumers.
The announcement follows an agency study into the data broker industry this year that found widespread concerns about how consumer data is being collected, used and shared.
The CFPB isn’t the only US agency clamping down on the massive data industry.
Persons:
”, Rohit Chopra, Lina Khan
Organizations:
Washington CNN, Consumer Financial, Fair, U.S, Federal Trade Commission