CFPB quietly kills the base to protect Americans from data brokers

Financial consumer CFPB has canceled plans to provide new rules designed to reduce the ability of American data intermediaries to sell sensitive information about Americans, including financial statements, credit date, and social security numbers.

CFPB He suggested the new rule In early December during the reign of former director Roit Chopra, who said the changes were necessary to combat commercial monitoring practices that “threaten our personal safety and undermine America’s national security.”

The agency quietly withdrew the proposal on Tuesday morning, issued a notification It was published in the federal registry Al -Qaeda Declaration is no longer “necessary or appropriate”.

CFBP has received more than 600 Comments from the audience This year with regard to the proposal, entitled “Protection of Americans from the practices of harmful data medium”. The rule is designed to ensure that the data brokers obtain the approval of Americans before selling or sharing sensitive personal information, including financial data such as income; The regulations that American credit agencies currently have to adhere to the law to report fair credit, one of the oldest privacy laws in the country.

In his notification, the director of acting at CFBP, Russell Vogue, wrote that he was withdrawing the proposal “in light of the updates of the office’s policies”, and that he was not in line with the “Agency’s current interpretation of FCRA”, which added CFBP is “in the review process.”

CFBP did not immediately respond to the comment.

Data brokers work in billions of dollars based on the collection and sale of detailed personal information-often without the knowledge or approval of individuals. These companies create large -scale profiles on almost every American, including very sensitive data such as the history of the exact site, political affiliations and religious beliefs. This information is often reselling for purposes ranging from marketing to law enforcement monitoring.

Many people are unaware of the presence of data brokers, not to mention the circulation of their personal information. In January, the Office of the Prosecutor in Texas, led by Public Prosecutor Ken Buckston, Accuse– ALSTATE data broker – to collect driving data, use and sell them illegally from more than 45 million Americans to insurance companies without their approval.

The damage caused by data brokers can be severe – violence. Safety Network ProjectPart of the National Network to end domestic violence warns that search sites for people, which collect information from data brokers, can serve as enthusiastic tools to track information about their victims.

Last year, Mravy Analytics – which treats billions of website signals daily –He suffered from data breach This may have revealed the movements of millions of individuals, including politicians and military personnel.

“Russell Fion has declined to years of painstaking work, in order to provide monitoring from Americans, the executive director of the request, non -profit organizations that support Al Qaeda, says:” Russell Fion is back away from the painful work, the couple to provide the justified American monitoring, and the monitoring of Americans. “By withdrawing the status of data mediation in CFPB, the Trump administration guarantees that Americans will be bombed through fraud, calls and email messages, and that military personnel and their families can be targeted by spies and extortion.”