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

  • 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  • The rule was withdrawn, with the CFPB's acting director citing it as not aligned with their current interpretation of the law.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.

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