CFPB Cancels Rule Shielding Public From Data Brokers

May 14, 2025 Republicans, Trump Administration

The Consumer Financial Protection Bureau (CFPB) has canceled plans to introduce new rules designed to limit the ability of US data brokers to sell sensitive information about Americans, including financial data, credit history, and Social Security numbers.

The CFPB proposed the new rule in early December under former director Rohit Chopra, who said the changes were necessary to combat commercial surveillance practices that “threaten our personal safety and undermine America’s national security.”

In its notice, the CFPB’s acting director, Russell Vought, wrote that he was withdrawing the proposal “in light of updates to Bureau policies,” and that it did not align with the agency’s “current interpretation of the FCRA,” which he added the CFPB is “in the process of revising.”

Read the full article. Project 2025 strikes again.

Russell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans’ sensitive personal data. https://t.co/mMObnnlj59

— WIRED (@WIRED) May 14, 2025

These contracts are often designed to fail and have left Minnesotans financially ruined with no help.https://t.co/LrXKQCFYZU

— Tina Smith (@SenTinaSmith) May 12, 2025