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

The Consumer Financial Protection Bureau has proposed a new rule that would block data brokers from selling personal and financial information on Americans, including their Social Security numbers and phone numbers, under the Fair Credit Reporting Act. In proposing the new rules, months after President Biden signed an executive order to curb the sale of Americans' private data, the U.S. consumer protection agency said it aims to "rein in" data brokers, who sidestep federal law by claiming that they are not subject to the FCRA's legal provisions.