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US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data

The U.S. consumer protection agency said it's closing the loophole to block the "widespread evasion" of federal law by data brokers.

The rule would also “make it clear that many of these data brokers, like credit bureaus and background check companies, are subject to federal protection under the FCRA.” The move to close the regulatory loophole at the federal level comes at a time where data brokers face increasing scrutiny for profiteering from selling access to — and sometimes losing — vast amounts of Americans’ personal information. “Today’s proposed rule is a major step forward to ensure that companies trafficking in Americans’ most sensitive information face real consequences for violating long standing law and for putting people and our country at risk,” Chopra said.

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