I think there needs to be more government involvement and protection in how data is collected

There’s plenty of government involvement. They have access to this data, they can either buy it or simply request it. They don’t want to go back to the days of the pesky 5th amendment standing in their way, that’s why this will never be regulated out of existence.

you should use the term government regulation, not involvement.

The us government LOVES being involved in our lives.