NEW: “By withdrawing the CFPB’s data broker rulemaking, the Trump administration is ensuring that Americans will continue to be bombarded by scam texts, calls and emails," says Sean Vitka, executive director of Demand Progress. A scoop:
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wired.comCFPB Quietly Kills Rule to Shield Americans From Data BrokersRussell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans’ sensitive personal data.
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.”
wired.comCFPB Quietly Kills Rule to Shield Americans From Data BrokersRussell Vought, acting director of the Consumer Financial Protection Bureau, has canceled plans to more tightly regulate the sale of Americans’ sensitive personal data.
And what happened last month? The Consumer Financial Protection Bureau terminated the positions of 1,400 of the agency’s 1,700 employees; medical debt and student loans will now be deprioritized.
wired.comThe CFPB Has Been GuttedThe Consumer Financial Protection Bureau terminated the positions of 1,406 employees at the congressionally mandated agency.
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