U.S. Regulator Urges Law To Force Disclosures By Data Brokers

Alina Selyukh | Reuters | May 27, 2014

Companies known as data brokers collect and sell information about "nearly all" U.S. consumers, drawing potentially harmful conclusions about them largely without their knowledge, U.S. regulators said on Tuesday.

The Federal Trade Commission called on Congress to pass legislation that would enable consumers to learn more easily how data brokers collect, use and sell their data, to correct it or to opt out of the process, especially when it comes to sensitive information such as about their health status.

The commission's report relied on information shared by nine data broker companies, which do not interact directly with consumers but collect data to inform other companies' marketing efforts, to verify consumers' identity or to detect fraud. The companies were Acxiom Crop, Corelogic Inc , Datalogix, eBureau, ID Analytics, Intelius, PeekYou, Rapleaf, and Recorded Future...