Federal Trade Commission to data brokers: Show us your data

Source: Los Angeles Times

SAN FRANCISCO -- Data brokers who collect vast amounts of information on Americans will be the ones turning over information this time.

The Federal Trade Commission has ordered nine data brokerage companies to tell the agency how they harvest and use data on consumers, toughening its stance toward the multibillion-dollar industry.

The FTC said it plans to use the information it collects to study the industry’s privacy practices. The nine data brokers are Acxiom, Corelogic, Datalogix, EBureau, ID Analytics, Intelius, Peekyou, Rapleaf, and Recorded Future.

The FTC wants to know what the brokers do with the information. It also wants to know if the data brokers let consumers review and correct their personal information or opt out from having their personal information sold.

Read more: http://www.latimes.com/business/technology/la-fi-tn-federal-trade-commission-to-data-brokers-show-us-your-data-20121217,0,3071455.story