US Edition
CFPB withdraws proposed rule cracking down on data brokers
- The federal agency responsible for protecting consumer financial interests has rescinded a Biden-era rule that aimed to restrict data brokers from selling private information about Americans, as detailed in a Federal Register announcement on May 14, 2025.
- The withdrawal came after concerns from commenters and a change in the bureau’s approach to applying the Fair Credit Reporting Act, with acting director Russell Vought noting that the rule no longer reflected the agency's current policy goals.
- The proposal sought to designate data brokers as consumer reporting agencies, thereby subjecting them to regulatory standards that ensure the accuracy and protection of personal data such as Social Security numbers and phone numbers.
- More than 600 comments were submitted, with some industry groups opposing the rule and privacy advocates warning that rescinding it exposes consumers to scams, identity theft, and misuse of their personal data.
- With the withdrawal, data brokers can continue operating without these federal restrictions, leaving ongoing risks for consumers while the CFPB reviews the raised concerns and revises its regulatory approach.
35 Articles
35 Articles
Personal Information Protection Commission Issues First Emergency Order, Asks List Businesses to Stop Sales
On the 16th, the Personal Information Protection Commission issued an emergency order to Business Planning, a directory service provider in Nakano Ward, Tokyo, requesting it to stop selling personal information that could lead to illegal activities. This is the first time the Commission has issued an emergency order, raising concerns about the malicious nature of the transactions, including the use of specialized fraud groups. According to the C…
Fox 10 Phoenix
White House kills plan to stop brokers from selling Americans' sensitive data
The Consumer Financial Protection Bureau has withdrawn a proposed rule to limit how data brokers collect and sell sensitive personal information, drawing criticism from privacy and security advocates.
Trump just handed data brokers a gift—in the form of our data
The Consumer Financial Protection Bureau (CFPB), under acting director Russell Vought, canceled proposed new rules this week that would have protected Americans’ sensitive private data—including financial data, credit history, and Social Security numbers—from being collected by data brokers without consent and sold to advertisers and other third parties. The proposed rules, which were crafted in December by the Biden administration’s CFPB direc…
Trump administration scraps Biden-era plan to limit sale of Americans’ personal data - Hawaii Tribune-Herald
The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans’ private information by “data brokers,” according to a Federal Register notice issued Wednesday.
House Committee Votes to Strip CFPB's Victim Compensation Fund
The Consumer Financial Protection Bureau (CFPB) has been accused of not enforcing regulation of "buy now, pay later" credit and has been criticized for reversing regulations on overdraft and credit cards, while the anti-regulatory interests continue to try to weaken the agency, with the latest move being the denial of payments to victims of a predatory online training program. The post House Committee Votes to Strip CFPB’s Victim Compensation Fu…
Trump administration scraps Biden-era plan to limit sale of Americans' personal data
The U.S. Consumer Financial Protection Bureau is scrapping a proposal issued under former President Joe Biden that would have sharply limited the sale of Americans' private information by data brokers, according to a Federal Register notice issued Wednesday.
Coverage Details
Bias Distribution
- 70% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
