CFPB Drops Ball on Curbing Harmful Data Broker Shenanigans
Published Date: 5/15/2025
Proposed Rule
Summary
The Consumer Financial Protection Bureau (CFPB) has decided to stop working on a new rule that would protect people from harmful data broker practices. This means no new changes or costs will happen right now, and businesses and consumers won’t see any new rules coming from this. The CFPB feels that making a new rule isn’t needed at this time and won’t be moving forward with it.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
CFPB Withdraws Data Broker Rule
The Consumer Financial Protection Bureau is withdrawing its Notice of Proposed Rule titled Protecting Americans from Harmful Data Broker Practices (Regulation V). You and businesses will not see any new rules or changes from this proposal, because the Bureau says it will not take any further action on the NPRM.
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