CFPB to propose rule to cover data brokers under the FCRA

Evan Weinberger has a report at Bloomberg Law (possibly behind paywall), as does Kate Berry at the American Banker (also behind paywall), and Reuters. Here’s an excerpt from the Bloomberg Law report:

The coming proposal would seek to ban the sale of consumer data, including so-called “credit-header data” like a person’s name, address, or Social Security number, for the purpose of targeting advertisements.

The agency is also taking aim at the use of such data to train artificial intelligence. * * *

Data brokers would also be blocked from selling such data to potential stalkers or perpetrators of domestic violence, as part of the planned proposal.

I am looking forward to seeing how the proposal will work, how broad it will be, and how it might affect the behavior of data brokers..

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