News

The proposed rule intends to subject data brokers to the provisions of the FCRA, yet oddly, the proposed rule does not specifically define the term “data broker.” Rather, the CFPB includes ...
The CFPB defines data brokers as companies that collect, aggregate, sell, or share information about consumers, such as credit, criminal, and rental histories.
A key outstanding question for both of these forthcoming rules is how “data broker” will be defined. In March, the CFPB launched an inquiry into the business practices of data brokers, which ...
The Consumer Financial Protection Bureau (CFPB) is considering new rules to crack down on data brokers amid a wider push to reduce risks from the rapidly expanding capabilities of artificial ...
The CFPB's proposed rule would require data brokers to be subject to the same requirements as credit bureaus and background check companies pursuant to the Fair Credit Reporting Act. Any sale of ...
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. The Consumer Financial Protection Bureau proposed a ...
In today's digital landscape, data brokers are like modern-day gold miners, ... CFPB Proposes Rule to Regulate Data Brokers Selling Sensitive Information 5 minute read January 14, 2025. By.
The latest rule is an excellent example of more mission creep by the CFPB. In December, the CFPB proposed a rule to largely restrict the collection and distribution of data necessary to compose ...
LOS ANGELES - The Consumer Financial Protection Bureau (CFPB) has withdrawn a proposed rule designed to limit how U.S. data brokers collect and sell Americans' sensitive personal information, the ...
CFPB Takes Aim at Data Brokers in Proposed Rule Amending FCRA by: A.J. S. Dhaliwal , Mehul N. Madia , Maxwell Earp-Thomas of Sheppard, Mullin, Richter & Hampton LLP - Consumer Finance and Fintech Blog ...
Data brokers have been getting away with selling Americans’ personal and financial data without adequate protections, an illegal practice that a new rule proposed by the Consumer Financial Protection ...
The CFPB has withdrawn a proposed rule that would have required data brokers to obtain consent before selling Americans' personal and financial data. Acting Director Russell Vought cited internal ...