March 26th, 2012

U.S. Agency Seeks Tougher Consumer Privacy Rules

By TANZINA VEGA and EDWARD WYATT
The New York Times

The Federal Trade Commission on Monday called for greater regulation of the data collection companies that compile a wide range of personal and financial information about millions of consumers, and asked for a provision that would allow people access to the information collected on them.

The recommendation was part of a sweeping set of guidelines put forth in the commissionís final report on online consumer privacy. In it, the F.T.C. advocates enacting legislation that would provide more restrictions and transparency for these so-called data brokers, which create detailed user profiles of buyers based on their spending habits, both online and offline. The brokers then sell the information to retailers and marketers.

Read more: http://www.nytimes.com/2012/03/27/business/ftc-seeks-privacy-legislation.html?ref=business

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