US watchdog proposes regulating data brokers over privacy concerns

The Consumer Financial Protection Bureau plans to regulate data brokers' collection and sale of personal data.
The proposal aims to limit harmful practices and increase accountability for data brokers.
There are concerns data brokers collect and share sensitive information without consent.
The rules would expand the Fair Credit Reporting Act to cover data like payment history and income.
The regulations intend to protect privacy and prevent misuse of data that harms vulnerable groups.