The Electronic Privacy Information Center (EPIC) has urged the Consumer Financial Protection Bureau (CFPB) to intensify regulatory actions against data brokers due to concerns about the invasive nature of data collection and the potential harms to consumers. EPIC emphasizes that everyday activities lead to extensive data profiles, which most consumers cannot evade. They recommend leveraging the Fair Credit Reporting Act (FCRA) more effectively to monitor and restrict data broker activities. EPIC's suggestions include confirming FCRA's broad scope, limiting consumer report sales, ensuring data minimization, and applying additional safeguards under the Consumer Financial Protection Act (CFPA) like prohibiting secret scoring and certain data disclosures.

The crux of a major issue in healthcare is the balancing act between the need to exchange patient data for advancing medical research and developing more effective drugs and AI tools, and upholding strict privacy rights and data protection standards. A promising solution to this conundrum is emerging in the form of a new wave of businesses that are developing a revamped data economy.