CFPB (Consumer Financial Protection Bureau) Quietly Kills Rule to Shield Americans From Data Brokers
Source: WIRED
Photograph: Al Drago/Getty Images
Russell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans’ sensitive personal data.
The Consumer Financial Protection Bureau (CFPB) has canceled plans to introduce new rules designed to limit the ability of US data brokers to sell sensitive information about Americans, including financial data, credit history, and Social Security numbers.
The CFPB proposed the new rule in early December under former director Rohit Chopra, who said the changes were necessary to combat commercial surveillance practices that “threaten our personal safety and undermine America’s national security.”
The agency quietly withdrew the proposal on Tuesday morning, publishing a notice in the Federal Register declaring the rule no longer “necessary or appropriate.”
The CFPB received more than 600 comments from the public this year concerning the proposal, titled Protecting Americans from Harmful Data Broker Practices. The rule was crafted to ensure that data brokers obtain Americans’ consent before selling or sharing sensitive personal information, including financial data such as income. US credit agencies are already required to abide by such regulations under the Fair Credit Reporting Act, one of the nation’s oldest privacy laws.
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Read more: https://www.wired.com/story/cfpb-quietly-kills-rule-to-shield-americans-from-data-brokers/
What?
Is this a plan with DOG-E, where all the information they accumulated about us, can now be sold off to some 3rd party purchaser?
Or is this a plan that will exonerate DOG-E when they do sell off our information.
We have to find a way to stop all this data/information stealing, soon.
It may already be too late.
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