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us consumer watchdog americans’ data: US consumer watchdog plans to regulate overseas sale of Americans’ data

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The US Consumer Financial Protection Bureau said on Wednesday it would create regulations governing data brokers’ sale of Americans’ personal data to overseas buyers, citing the risk of its exploitation by foreign adversaries.

The White House earlier Wednesday announced an executive order intended to help restrict the transfer of personal data to China, Russia and other countries on security grounds.

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“Today’s executive order is a reminder of the urgent need to protect the personal data of Americans. Corporate data brokers are assembling and selling extremely sensitive data on all of us, including U.S. military personnel, to foreign purchasers,” CFPB Director Rohit Chopra said in a statement.

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The US Consumer Financial Protection Bureau said on Wednesday it would create regulations governing data brokers’ sale of Americans’ personal data to overseas buyers, citing the risk of its exploitation by foreign adversaries.

The White House earlier Wednesday announced an executive order intended to help restrict the transfer of personal data to China, Russia and other countries on security grounds.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College Course Website
IIM Lucknow IIML Executive Programme in FinTech, Banking & Applied Risk Management Visit
MIT MIT Technology Leadership and Innovation Visit
Indian School of Business ISB Professional Certificate in Product Management Visit

“Today’s executive order is a reminder of the urgent need to protect the personal data of Americans. Corporate data brokers are assembling and selling extremely sensitive data on all of us, including U.S. military personnel, to foreign purchasers,” CFPB Director Rohit Chopra said in a statement.

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