A plan to block data brokers from selling Americans' sensitive data, including Social Security numbers, has been scrapped by a senior Trump administration official.
The Consumer Financial Protection Bureau (CFPB) had aimed to close a loophole under the Fair Credit Reporting Act to regulate data brokers like other entities covered by the federal law.
The rule was withdrawn, with the CFPB's acting director citing it as not aligned with their current interpretation of the law.
Privacy advocates have long pushed for stricter regulations on data brokers who profit from selling personal data, despite inherent risks like recent data breaches involving sensitive information.