FTC wants more transparency for data brokers

Published May 27, 2014 9:52pm ET



WASHINGTON (AP) — Companies are collecting billions of pieces of information about consumers to create individual profiles to more effectively target individuals for coupons or product offers, decide whether a would-be buyer gets a car loan or help people check out a potential mate.

The Federal Trade Commission wants more transparency in this data broker industry, allowing people to see who is gathering personal information on them and giving them more control over what is collected.

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