Top US Consumer Watchdog Has a Plan to Fight Predatory Data Brokers

A top US consumer watchdog has unveiled a new plan to combat predatory data brokers who often exploit consumers’ personal information for profit.

The Consumer Financial Protection Bureau (CFPB) has proposed new regulations that would require data brokers to provide consumers with more transparency and control over their data. This includes giving consumers the ability to opt out of having their information shared with third parties.

The CFPB’s plan also includes measures to ensure that data brokers are held accountable for any misuse of consumer data, including imposing fines and penalties for non-compliance.

This move comes as concerns over data privacy and security continue to grow, with many consumers feeling vulnerable to the practices of data brokers who often operate without proper oversight.

Consumer advocates have welcomed the CFPB’s initiative, saying that it is a step in the right direction towards protecting consumers’ rights and privacy in an increasingly digital age.