Data brokers change labels describing poor and vulnerable

"They used to be called the "X-tra needy". Now they just have "X-tra time on their hands". These are the Bible-reading, budget-conscious 60-somethings who have been relabelled by one big US data broker looking to ward off controversy over the way its industry uses personal information to target vulnerable consumers."

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"The US Senate Commerce Committee and the US Federal Trade Commission have launched investigations into the largely unregulated data broking industry, which scours thousands of sources to build dossiers about hundreds of millions of people.

These profiles can include sensitive details including lists of rape victims and information on people who have been denied credit.

Privacy advocates fear that companies buy these profiles to target vulnerable consumers for risky lending products, such as payday loans, and fraud schemes."

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Data brokers change labels describing poor - FTENG - euro2day.gr