The U.S. Consumer Financial Protection Bureau (CFPB) is poised to introduce fresh regulations aimed at companies involved in collecting and selling personal data. This move comes as part of the Biden administration's efforts to tighten the reins on the practices of data brokers.

In March, the CFPB launched a public investigation into the operations of companies such as credit bureaus and background screening agencies. Furthermore, their findings suggested the need for tighter privacy safeguards, as the data brokers reported consumers in distress to companies that subsequently targeted them with predatory debt products.

Additionally, prior to the announcement on Tuesday, CFPB officials stated that the proposal would broaden the number of companies currently subject to the Fair Credit Reporting Act — a 1970 law governing the privacy of consumer data provided to lenders — to include the use of data derived from payment histories, personal income, and criminal records.

Last year, President Joe Biden sought the US Federal Trade Commission's&nbsp;help in protecting the data of women seeking reproductive healthcare, who may face law enforcement action in some states. The FTC has also filed a lawsuit against a firm based in Idaho for selling mobile phone geolocation data, alleging that it might be tracked to abortion clinics, churches, and addiction treatment programs.

According to Rohit Chopra, head of the US Consumer Financial Protection Bureau, data brokers' behavior can be "particularly worrisome" because the sensitive data driving the usage of artificial intelligence can be obtained from military personnel, persons suffering from dementia, and others.

"The CFPB will be taking steps to ensure that modern-day data brokers in the surveillance industry know that they cannot engage in illegal collection and sharing of our data," Reuters quoted him as&nbsp;saying.

(With inputs from agencies)

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The U.S. Consumer Financial Protection Bureau (CFPB) is poised to introduce fresh regulations aimed at companies involved in collecting and selling personal data.

The U.S. Consumer Financial Protection Bureau (CFPB) is poised to introduce fresh regulations aimed at companies involved in collecting and selling personal data. This move comes as part of the Biden administration's efforts to tighten the reins on the practices of data brokers. In March, the CFPB launched a public investigation into the operations of companies such as credit bureaus and background screening agencies. Furthermore, their findings suggested the need for tighter privacy safeguards, as the data brokers reported consumers in distress to companies that subsequently targeted them with predatory debt products. Additionally, prior to the announcement on Tuesday, CFPB officials stated that the proposal would broaden the number of companies currently subject to the Fair Credit Reporting Act — a 1970 law governing the privacy of consumer data provided to lenders — to include the use of data derived from payment histories, personal income, and criminal records. Last year, President Joe Biden sought the US Federal Trade Commission's help in protecting the data of women seeking reproductive healthcare, who may face law enforcement action in some states. The FTC has also filed a lawsuit against a firm based in Idaho for selling mobile phone geolocation data, alleging that it might be tracked to abortion clinics, churches, and addiction treatment programs. According to Rohit Chopra, head of the US Consumer Financial Protection Bureau, data brokers' behavior can be "particularly worrisome" because the sensitive data driving the usage of artificial intelligence can be obtained from military personnel, persons suffering from dementia, and others. "The CFPB will be taking steps to ensure that modern-day data brokers in the surveillance industry know that they cannot engage in illegal collection and sharing of our data," Reuters quoted him as saying. (With inputs from agencies) WATCH WION LIVE HERE

US regulatory body set to unveil measures for 'Surveillance Industry'

privacy-protection

Privacy Protection, News on Privacy Protection, stories on Privacy Protection, articles on Privacy Protection, Privacy Protection stories at Wion, Privacy Protection news, Privacy Protection latest news

privacy protection

US regulatory body set to unveil measures for 'Surveillance Industry'