CFPB considering new rules to crack down on data brokers ...Middle East

The Consumer Financial Protection Bureau (CFPB) is considering new rules to crack down on data brokers amid a wider push to reduce risks from the rapidly expanding capabilities of artificial intelligence.  CFPB Director Rohit Chopra said at a White House roundtable on Tuesday of that the agency is looking to potentially bring data brokers — firms that harvest and sell consumer data — under the purview of the Fair Credit Reporting Act. The Fair Credit Reporting Act grants various protections to consumers regarding background reports that are assembled with information about them, such as safeguards to ensure accurate information and restrictions on its use. Under one proposal floa

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