Connect with us

Hi, what are you looking for?

Tech News

The CFPB wants to rein in data brokers

Illustration by Cath Virginia / The Verge | Photo from Getty Images

The Consumer Financial Protection Bureau wants to propose new regulations that would require data brokers to comply with the Fair Credit Reporting Act. In a speech at the White House earlier this month, CFPB Director Rohit Chopra said the agency is looking into policies to “ensure greater accountability” for companies that buy and sell consumer data, in keeping with an executive order President Joe Biden issued in late February.

Chopra said the agency is considering proposals that would define data brokers that sell certain types of data as “consumer reporting agencies,” thereby requiring those companies to comply with the Fair Credit Reporting Act (FCRA). The statute bans sharing certain kinds of data (e.g., your credit report) with…

Continue reading…

You May Also Like

Business

Is being nice holding you back at work? One viral TikTok has young workers up in arms about the perils of being pleasant in...

Tech News

Photo by Becca Farsace / The Verge Microsoft is starting to improve the experience of downloading Windows store apps from the web. The software...

Business

Boeing and Alaska Airlines have separately denied any legal responsibility for the injuries allegedly caused to dozens of passengers after a door-plug blew out...

World News

Sen. Ted Cruz (R-Tex.) found himself in the most unusual place Thursday. He was the man in the middle, literally and figuratively, standing in...