Consumer Financial Protection Bureau

White House scraps plan to block data brokers from selling Americans’ sensitive data

Government & Policy /

A senior Trump administration official has scrapped a plan that would have blocked data brokers from selling Americans’ personal and financial information, including Social Security numbers.  The Consumer Financial Protection Bureau (CFPB) said in December 2024 it planned to close a loophole under the Fair Credit Reporting Act, the federal law that protects Americans’ personal […]

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Google pushes back against federal supervision of its payment arm

Fintech /

The Consumer Financial Protection Bureau announced Friday that it was placing Google’s payment arm under federal supervision. In response, Google filed a lawsuit seeking to block the move. Such supervision would subject Google to the same inspections that the bureau conducts with major banks and other financial institutions for potential violations of the law. The

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US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data

Security /

The Consumer Financial Protection Bureau has proposed a new rule that would block data brokers from selling personal and financial information on Americans, including their Social Security numbers and phone numbers, under the Fair Credit Reporting Act.  In proposing the new rules, months after President Biden signed an executive order to curb the sale of

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