{"id":6273,"date":"2025-05-19T22:15:35","date_gmt":"2025-05-19T14:15:35","guid":{"rendered":"https:\/\/cicserver.com\/trump-administration-scuppers-plan-to-stop-data-brokers-from-putting-americans-sensitive-data-up-for-sale\/"},"modified":"2025-05-19T22:15:35","modified_gmt":"2025-05-19T14:15:35","slug":"trump-administration-scuppers-plan-to-stop-data-brokers-from-putting-americans-sensitive-data-up-for-sale","status":"publish","type":"post","link":"https:\/\/cicserver.com\/de\/trump-administration-scuppers-plan-to-stop-data-brokers-from-putting-americans-sensitive-data-up-for-sale\/","title":{"rendered":"Trump administration scuppers plan to stop data brokers from putting Americans\u2019 sensitive data up for sale"},"content":{"rendered":"<p><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/cdn.mos.cms.futurecdn.net\/SEXM8ah9EKKpBKB22d7Ak3.jpg\" \/><\/p>\n<div id=\"article-body\">\n<hr\/>\n<ul>\n<li><strong>The Trump administration wanted to block data brokers from selling info on US citizens<\/strong><\/li>\n<li><strong>The plan has now been abandoned<\/strong><\/li>\n<li><strong>Data brokerage is a multibillion-dollar industry<\/strong><\/li>\n<\/ul>\n<hr\/>\n<p>The plan to prevent <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.techradar.com\/pro\/best-data-removal-services-of-year\" target=\"_blank\" data-before-rewrite-localise=\"https:\/\/www.techradar.com\/pro\/best-data-removal-services-of-year\">data brokers<\/a> from selling personal and financial information generated from American citizens has been scrapped.<\/p>\n<p>In the US, data brokers can harvest and sell sensitive information on the country\u2019s citizens, including names, addresses, Social Security numbers, browsing history data, purchase history, location data, and more. Usual buyers include advertisers and marketers, financial institutions, recruiters, government organizations, and insurance companies.<\/p>\n<aside data-block-type=\"embed\" data-render-type=\"fte\" data-skip=\"dealsy\" data-widget-type=\"seasonal\" class=\"hawk-base\"\/>\n<p>In late 2024, the Consumer Financial Protection Bureau (CFPB) announced plans to adjust the Fair Credit Reporting Act, a federal law that regulates how consumer credit information is collected, used, and shared. It was supposed to treat data brokers the same as any other company, which should have forced them to comply with the law\u2019s privacy rules.<\/p>\n<aside data-component-name=\"Recirculation:ArticleRiver\" data-nosnippet=\"\">\n<span class=\"bg-secondary-500 text-white text-lg font-bold uppercase py-1 px-2 leading-[1.625rem] sm:leading-[6px] sm:text-sm\"><br \/>\nYou may like<br \/>\n<\/span><\/p>\n<\/aside>\n<h2 id=\"protecting-the-citizens-3\">Protecting the citizens<\/h2>\n<p>However, that rule was withdrawn recently, TechCrunch reported, citing a new listing in the Federal Register. Apparently, the CFPB\u2019s acting director, Russell Vought, wrote that the rule is \u201cnot aligned with the Bureau\u2019s current interpretation\u201d of the Fair Credit Reporting Act.<\/p>\n<p>The CFPB wanted to prevent data brokers from selling data on US citizens citing privacy risks, discrimination, lack of transparency, and regulatory gaps. Allegedly, the goal was to protect consumers from harmful or unfair use of their personal information. TechCrunch says that last year the FTC banned \u201cseveral data brokers\u201d from collecting and sharing data without the permission of the individuals.<\/p>\n<p>It is also worth mentioning that data is the fuel for most cyberattacks these days. Sensitive data is essential in phishing and spear-phishing attacks, <a data-analytics-id=\"inline-link\" href=\"https:\/\/www.techradar.com\/best\/best-identity-theft-protection\" target=\"_blank\" data-before-rewrite-localise=\"https:\/\/www.techradar.com\/best\/best-identity-theft-protection\">identity theft<\/a>, and can often be useful in brute-forcing passwords. That\u2019s why the data brokerage industry is often the target itself.<\/p>\n<p>In the last couple of years, there were multiple high-profile cyberattacks against data brokerage and housing organizations, including the 2023 23andMe attack, the 2024 National Public data breach, and the 2024 Snowflake incident.<\/p>\n<div id=\"slice-container-newsletterForm-articleInbodyContent-R7tnEDywUbdL9iocN3r4ak\" class=\"slice-container newsletter-inbodyContent-slice newsletterForm-articleInbodyContent-R7tnEDywUbdL9iocN3r4ak slice-container-newsletterForm\">\n<div data-hydrate=\"true\" class=\"newsletter-form__wrapper newsletter-form__wrapper--inbodyContent\">\n<div class=\"newsletter-form__container\">\n<section class=\"newsletter-form__top-bar\"\/>\n<section class=\"newsletter-form__main-section\">\n<p class=\"newsletter-form__strapline\">Sign up to the TechRadar Pro newsletter to get all the top news, opinion, features and guidance your business needs to succeed!<\/p>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<p><em>Via <\/em><a data-analytics-id=\"inline-link\" href=\"https:\/\/techcrunch.com\/2025\/05\/14\/white-house-scraps-plan-to-block-data-brokers-from-selling-americans-sensitive-data\/\" target=\"_blank\" data-url=\"https:\/\/techcrunch.com\/2025\/05\/14\/white-house-scraps-plan-to-block-data-brokers-from-selling-americans-sensitive-data\/\" referrerpolicy=\"no-referrer-when-downgrade\" data-hl-processed=\"none\"><em>TechCrunch<\/em><\/a><\/p>\n<h3 class=\"article-body__section\" id=\"section-you-might-also-like\"><span>You might also like<\/span><\/h3>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The Trump administration wanted to block data brokers from selling info on US citizens The plan has now been abandoned Data brokerage is a multibillion-dollar industry The plan to prevent data brokers from selling personal and financial information generated from American citizens has been scrapped. In the US, data brokers can harvest and sell sensitive [&hellip;]<\/p>","protected":false},"author":3,"featured_media":6274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-6273","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blog"},"_links":{"self":[{"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/posts\/6273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/comments?post=6273"}],"version-history":[{"count":0,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/posts\/6273\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/media\/6274"}],"wp:attachment":[{"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/media?parent=6273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/categories?post=6273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cicserver.com\/de\/wp-json\/wp\/v2\/tags?post=6273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}