FTC's Data Broker Report Turns Up Heat On Industry
By Allison Grande (May 27, 2014, 10:29 PM EDT) -- In a long-awaited report issued Tuesday, the Federal Trade Commission pushed data brokers to be more forthcoming about the way they amass and share detailed consumer profiles, a call that attorneys say will prompt companies to reassess their data collection and use practices to steer clear of the regulator's enforcement net.
The lengthy report, titled "Data Brokers: A Call for Transparency and Accountability," presented the findings of the agency's 18-month study on data brokers, a faction that FTC Chairwoman Edith Ramirez described during a conference call with reporters as companies that collect consumers' personal information and resell or share that information but...
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