{"id":7639,"date":"2025-05-14T15:39:45","date_gmt":"2025-05-14T20:39:45","guid":{"rendered":"https:\/\/cyberscoop.com\/?p=84513"},"modified":"2025-05-14T15:39:45","modified_gmt":"2025-05-14T20:39:45","slug":"cfpb-to-withdraw-rule-targeting-data-brokers","status":"publish","type":"post","link":"https:\/\/ddi.mohflo.net\/index.php\/2025\/05\/14\/cfpb-to-withdraw-rule-targeting-data-brokers\/","title":{"rendered":"CFPB to withdraw rule targeting data brokers"},"content":{"rendered":"<p><head> <meta charset=\"UTF-8\"> <meta name=\"viewport\" content=\"width=device-width, initial-scale=1\"> <meta name=\"robots\" content=\"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1\"> <!-- This site is optimized with the Yoast SEO Premium plugin v24.5 (Yoast SEO v24.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ --> <title>CFPB to withdraw rule targeting data brokers | CyberScoop<\/title> <link rel=\"canonical\" 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class=\"single-article__header \" readability=\"26.710526315789\">\n<div class=\"single-article__header-content\" readability=\"36.459459459459\">\n<p> The Trump administration\u2019s CFPB nominee spoke positively in February about the Biden-era rule to regulate the sale of Americans\u2019 personal data, but he is now slotted instead for a Treasury Department role. <\/p>\n<p> <!-- Listen to this article section --> <!-- Audio Element --><br \/>\n<audio id=\"audio-player\" src=\"https:\/\/wp-tts-cdn.api.scpnewsgrp.com\/cyberscoop\/84513\/english.openai.mp3\"><\/audio> <\/p>\n<div readability=\"11\">\n<div>\n<p>Listen to this article<\/p>\n<p> <!-- Countdown Timer --> <\/p>\n<p>0:00<\/p>\n<\/p><\/div>\n<p> <!-- Tooltip --> <\/p>\n<p> <span id=\"tts-tooltip\">Learn more.<\/span> <span> This feature uses an automated voice, which may result in occasional errors in pronunciation, tone, or sentiment. <\/span> <\/p>\n<\/div>\n<p> <!-- End of audio player --> <\/div>\n<div class=\"single-article__cover-wrap\">\n<figure class=\"single-article__cover\"> <img data-recalc-dims=\"1\" fetchpriority=\"high\" width=\"640\" height=\"427\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers.jpg?resize=640%2C427&#038;ssl=1\" class=\"single-article__cover-image wp-post-image\" alt decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=300,200 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=768,512 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=600,400 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=252,168 252w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=505,337 505w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-5.jpg?resize=1012,675 1012w\" sizes=\"(max-width: 1012px) 100vw, 1012px\"><figcaption> Demonstrators raise signs and posters outside Consumer Financial Protection Bureau headquarters on Feb. 10, 2025 in Washington, D.C. (Photo by Jemal Countess\/Getty Images for MoveOn) <\/figcaption><\/figure>\n<\/p><\/div>\n<\/header>\n<div class=\"single-article__content\">\n<div class=\"single-article__content-inner has-drop-cap\"> <html readability=\"57.474010102656\"><body readability=\"116.03383120389\"><\/p>\n<p>The Consumer Financial Protection Bureau is set to withdraw a Biden-era rule aimed at cracking down on data brokers and their selling of Americans\u2019 personal and financial information.<\/p>\n<p>In a <a href=\"https:\/\/public-inspection.federalregister.gov\/2025-08644.pdf\">notice set to publish<\/a> Thursday in the Federal Register, the CFPB said legislative rulemaking on the data broker industry \u201cis not necessary or appropriate at this time,\u201d and the agency does not plan to \u201ctake any further action\u201d on the proposal. The notice was issued by <a href=\"https:\/\/fedscoop.com\/tag\/russell-vought\/\">Russell Vought<\/a>, acting director of the agency, head of the Office of Management and Budget and a <a href=\"https:\/\/apnews.com\/article\/trump-doge-russell-vought-project-2025-f403174299933b7e3a3b6ebd779c146c\">Project 2025 architect<\/a>.<\/p>\n<p>The withdrawal of the <a href=\"https:\/\/files.consumerfinance.gov\/f\/documents\/cfpb_nprm-protecting-ams-from-harmful-data-broker-practices_2024-12.pdf\">rule<\/a>, which was first reported by <a href=\"https:\/\/www.wired.com\/story\/cfpb-quietly-kills-rule-to-shield-americans-from-data-brokers\/\">Wired<\/a>, comes after President Donald Trump\u2019s initial nominee to lead the CFPB signaled to Congress in February an openness to continuing Biden administration data-broker rules.<\/p>\n<p>Jonathan McKernan, a former Treasury Department and Federal Housing Finance Agency staffer, told the Senate Banking Committee that Rohit Chopra \u2014 President Joe Biden\u2019s CFPB director \u2014 \u201c<a href=\"https:\/\/cyberscoop.com\/cfpb-nominee-jonathan-mckernan-data-brokers\/\">was onto something<\/a>\u201d with his policies targeting data brokers and data aggregators.<\/p>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>\u201cAnd I think it\u2019s important that we \u2014 both in the regulated space and then the rest of our elected officials \u2014 continue to focus on this,\u201d McKernan, a former Federal Deposit Insurance Corp. board member, said at the time. \u201cAs these entities are collecting more and more data and the analytics get more and more powerful, there\u2019s some real policy issues here.\u201d<\/p>\n<p>Though McKernan\u2019s CFPB nomination advanced out of committee, he never received a full Senate vote and has since been nominated to serve as the Treasury Department\u2019s <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/sb0137\">undersecretary of domestic finance<\/a>. The New York Times reported last week that McKernan\u2019s CFPB nomination <a href=\"https:\/\/www.nytimes.com\/2025\/05\/09\/us\/politics\/cfpb-jonathan-mckernan-trump.html\">will be dropped<\/a>.<\/p>\n<p>Chopra had introduced the data-broker rule last December, part of an agency effort to limit the sale of Social Security numbers, phone numbers and other identifying information collected by some companies. The rule would have classified data brokers as consumer reporting agencies under the Fair Credit Reporting Act, locking the industry in to certain accuracy and compliance standards.<\/p>\n<p>The CFPB\u2019s withdrawal notice took particular issue with the rule\u2019s focus on the Fair Credit Reporting Act, saying that the proposal was \u201cnot aligned with the Bureau\u2019s current interpretation of the FCRA, which it is in the process of revising.\u201d Other related policy objectives have also changed, the notice stated.<\/p>\n<p>The agency also cited \u201cnumerous concerns\u201d about the rule raised in public comments, specifically regarding the CFPB\u2019s statutory authority and its \u201cpropriety under the plain text of the FCRA.\u201d More than <a href=\"https:\/\/www.regulations.gov\/docket\/CFPB-2024-0044\/comments\">600 comments<\/a> were submitted on the rule.<\/p>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>\u201cWhen and if the Bureau determines it necessary to issue a rule implementing the relevant definitions and provisions of the FCRA, it will propose a new rule and seek public comment thereon,\u201d the notice said.&nbsp;<\/p>\n<p>Industry groups were largely opposed to any Biden-era rules governing data brokers, especially one that <a href=\"https:\/\/cyberscoop.com\/proposed-data-broker-regulations-draw-industry-pushback-on-anonymized-data-exceptions-bulk-thresholds\/\">barred the selling of bulk sensitive information<\/a> to adversarial foreign entities. Chopra frequently made the case during his time leading the CFPB that the <a href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/prepared-opening-remarks-of-cfpb-director-rohit-chopra-at-the-aspen-institute-on-abuse-and-misuse-of-our-personal-data\/\">misuse of personal data<\/a> was a <a href=\"https:\/\/www.consumerfinance.gov\/about-us\/newsroom\/prepared-remarks-of-cfpb-director-rohit-chopra-at-the-white-house-on-data-protection-and-national-security\/\">national security issue<\/a>.<\/p>\n<p>Naveed Shah, political director of the veteran-led grassroots group Common Defense, said in a statement that the rule protected Americans\u2019 privacy and personal data \u201cfrom exploitation,\u201d ensuring that data brokers followed the same rules as companies that handle sensitive financial data.<\/p>\n<p>\u201cWithout it, data brokers can continue profiting by selling personal information to unscrupulous actors, including scammers and foreign governments, putting millions at risk,\u201d Shah said. \u201cThe decision prioritizes corporate profits over the safety and security of individuals, including vulnerable groups like servicemembers and veterans.\u201d<\/p>\n<p>Matt Schwartz, policy analyst at Consumer Reports, said in a statement that the decision to drop the data-brokers rule is the latest in a series of Trump administration moves to \u201cabandon the CFPB\u2019s critical mission to protect consumers.\u201d&nbsp;<\/p>\n<div class=\"ad ad--inline_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<p>\u201cData brokers collect a treasure trove of sensitive information about virtually every American and sell that information widely, including to scammers looking to rip off consumers,\u201d Schwartz said. \u201cDropping these proposed limits will leave consumers unprotected and make it more likely that sensitive information like their Social Security numbers will wind up in the hands of crooks.\u201d<\/p>\n<p>Ridhi Shetty, senior policy counsel for the Center for Democracy &amp; Technology\u2019s Privacy &amp; Data Project, echoed those concerns, saying in a statement that the rescission of the rule cuts against the CFPB\u2019s post-financial crisis mission of \u201ctackling companies\u2019 misuse of people\u2019s private data.\u201d<\/p>\n<p>\u201cThe agency\u2019s proposed rule to address data broker practices was a critical step toward reining in an industry that vacuums up and monetizes people\u2019s most personal information,\u201d Shetty said. \u201cRescinding that proposed rule does a disservice to consumers, and exposes them to predatory financial offers, fraud, identity theft, and threats to their personal safety.\u201d<\/p>\n<p>The CFPB under the Trump administration has been targeted early and often, with Vought <a href=\"https:\/\/apnews.com\/article\/trump-consumer-protection-cease-1b93c60a773b6b5ee629e769ae6850e9\">ordering agency staffers to stop their work<\/a> and Elon Musk <a href=\"https:\/\/www.washingtonpost.com\/business\/2025\/02\/07\/cfpb-doge-trump-musk-chopra\/\">dispatching DOGE<\/a> on the bureau while <a href=\"https:\/\/x.com\/elonmusk\/status\/1887979940269666769?lang=en\">calling for its death<\/a>. The Associated Press reported in March that <a href=\"https:\/\/www.washingtonpost.com\/business\/2025\/02\/07\/cfpb-doge-trump-musk-chopra\/\">90% of the CFPB\u2019s staff had been cut<\/a>.<\/p>\n<p><\/body> <\/p>\n<footer class=\"single-article__footer\" readability=\"4.2141623488774\">\n<div class=\"author-card\" readability=\"15\">\n<div class=\"author-card__avatar\">\n<figure class=\"author-card__image-wrap\"> <img data-recalc-dims=\"1\" decoding=\"async\" class=\"author-card__image\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-1.jpg?w=640&#038;ssl=1\" alt=\"Matt Bracken\"> <\/figure>\n<\/p><\/div>\n<p><h4 class=\"author-card__name\">Written by Matt Bracken<\/h4>\n<p> Matt Bracken is the managing editor of FedScoop and CyberScoop, overseeing coverage of federal government technology policy and cybersecurity. Before joining Scoop News Group in 2023, Matt was a senior editor at Morning Consult, leading data-driven coverage of tech, finance, health and energy. He previously worked in various editorial roles at The Baltimore Sun and the Arizona Daily Star. You can reach him at matt.bracken@scoopnewsgroup.com. <\/p>\n<\/p><\/div>\n<div class=\"single-article__tags-container\">\n<h4 class=\"single-article__tags-title\">In This Story<\/h4>\n<\/p><\/div>\n<\/footer>\n<p> <\/html><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"single-article__ads js-single-article-sidebar\">\n<div class=\"ad ad--sidebar js-single-article-sidebar-5 ad--rightrail_1 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<div class=\"ad ad--sidebar js-single-article-sidebar-4 ad--rightrail_2 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div>\n<div class=\"ad ad--sidebar js-single-article-sidebar-3 ad--rightrail_3 \">\n<div class=\"ad__inner\"> <span class=\"screen-reader-text\">Advertisement<\/span> <\/div>\n<\/div><\/div>\n<\/article>\n<div class=\"popular-stories popular-stories--single-post\">\n<div class=\"popular-stories__container\">\n<h2 class=\"popular-stories__title\"> More Scoops <\/h2>\n<div class=\"popular-stories__stories\">\n<div class=\"popular-stories__cards\">\n<article class=\"post-item post-item--popular-stories-cards \" readability=\"22.457627118644\">\n<figure class=\"post-item__thumbnail\"> <a class=\"post-item__thumbnail-link\" href=\"https:\/\/cyberscoop.com\/cfpb-nominee-jonathan-mckernan-data-brokers\/\" tabindex=\"-1\"> <img data-recalc-dims=\"1\" loading=\"lazy\" width=\"505\" height=\"337\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-2.jpg?resize=505%2C337&#038;ssl=1\" class=\"attachment-ratio-16-9-md size-ratio-16-9-md wp-post-image\" alt decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=300,200 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=768,512 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=600,400 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=252,168 252w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=505,337 505w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-6.jpg?resize=1012,675 1012w\" sizes=\"auto, (max-width: 505px) 100vw, 505px\"> <\/a><figcaption class=\"screen-reader-text\"> Jonathan McKernan, nominee for director of the Consumer Financial Protection Bureau, testifies at a hearing of the Senate Banking Committee on Feb. 27, 2025 at the Dirksen Senate Building in Washington, D.C. (Photo by Kayla Bartkowski\/Getty Images) <\/figcaption><\/figure>\n<header class=\"post-item__meta\" readability=\"2.0313901345291\">\n<h3 class=\"post-item__title\"> <a class=\"post-item__title-link\" href=\"https:\/\/cyberscoop.com\/cfpb-nominee-jonathan-mckernan-data-brokers\/\"> CFPB nominee signals openness to continuing data-broker work <\/a> <\/h3>\n<p> Jonathan McKernan spoke positively about Rohit Chopra\u2019s rule-making targeting data brokers during a Senate Banking Committee nomination hearing. <\/p>\n<div class=\"post-item__byline\"> <span class=\"post-item__author\"> <span>By <\/span> <a class=\"post-item__author-link\" href=\"https:\/\/cyberscoop.com\/author\/matt-bracken\/\"> Matt Bracken <\/a> <\/span> <\/div>\n<p><!-- .byline --> <\/header>\n<p><!-- .post-item__meta --> <\/article>\n<article class=\"post-item post-item--popular-stories-cards \">\n<figure class=\"post-item__thumbnail\"> <a class=\"post-item__thumbnail-link\" href=\"https:\/\/cyberscoop.com\/cfpb-data-broker-regulation-fcra-privacy-protection\/\" tabindex=\"-1\"> <img data-recalc-dims=\"1\" loading=\"lazy\" width=\"252\" height=\"168\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-3.jpg?resize=252%2C168&#038;ssl=1\" class=\"attachment-ratio-16-9-sm size-ratio-16-9-sm wp-post-image\" alt decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg 8660w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=300,200 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=768,512 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=1024,683 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=1536,1024 1536w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=2048,1365 2048w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=600,400 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=252,168 252w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=505,337 505w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=1012,675 1012w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-7.jpg?resize=1264,843 1264w\" sizes=\"auto, (max-width: 252px) 100vw, 252px\"> <\/a><figcaption class=\"screen-reader-text\"> The entrance to the Consumer Financial Protection Bureau (CFPB) headquarters building is seen on August 18, 2024, in Washington, DC. (Photo by J. David Ake\/Getty Images) <\/figcaption><\/figure>\n<header class=\"post-item__meta\">\n<h3 class=\"post-item__title\"> <a class=\"post-item__title-link\" href=\"https:\/\/cyberscoop.com\/cfpb-data-broker-regulation-fcra-privacy-protection\/\"> CFPB proposes new rule to regulate expansive data broker industry <\/a> <\/h3>\n<div class=\"post-item__byline\"> <span class=\"post-item__author\"> <span>By <\/span> <a class=\"post-item__author-link\" href=\"https:\/\/cyberscoop.com\/author\/greg-otto\/\"> Greg Otto <\/a> <\/span> <\/div>\n<p><!-- .byline --> <\/header>\n<p><!-- .post-item__meta --> <\/article>\n<article class=\"post-item post-item--popular-stories-cards \">\n<figure class=\"post-item__thumbnail\"> <a class=\"post-item__thumbnail-link\" href=\"https:\/\/cyberscoop.com\/cfpbs-data-rules-security-privacy-competition\/\" tabindex=\"-1\"> <img data-recalc-dims=\"1\" loading=\"lazy\" width=\"252\" height=\"168\" src=\"https:\/\/i0.wp.com\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-4.jpg?resize=252%2C168&#038;ssl=1\" class=\"attachment-ratio-16-9-sm size-ratio-16-9-sm wp-post-image\" alt decoding=\"async\" loading=\"lazy\" srcset=\"https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg 1920w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=300,200 300w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=768,512 768w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=1024,683 1024w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=1536,1024 1536w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=600,400 600w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=252,168 252w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=506,337 506w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=1013,675 1013w, https:\/\/ddi.mohflo.net\/wp-content\/uploads\/2025\/05\/cfpb-to-withdraw-rule-targeting-data-brokers-8.jpg?resize=1265,843 1265w\" sizes=\"auto, (max-width: 252px) 100vw, 252px\"> <\/a><figcaption class=\"screen-reader-text\"> Director of the Consumer Financial Protection Bureau Rohit Chopra delivers remarks on relieving medical debt during an event in the South Court Auditorium of the Eisenhower Executive Office Building, next to the White House, in Washington, DC, on April 11, 2022. (Stefani Reynolds \/ AFP) <\/figcaption><\/figure>\n<header class=\"post-item__meta\">\n<h3 class=\"post-item__title\"> <a class=\"post-item__title-link\" href=\"https:\/\/cyberscoop.com\/cfpbs-data-rules-security-privacy-competition\/\"> CFPB\u2019s proposed data rules would improve security, privacy and competition <\/a> <\/h3>\n<div class=\"post-item__byline\"> <span class=\"post-item__author\"> <span>By <\/span> <a class=\"post-item__author-link\" href=\"https:\/\/cyberscoop.com\/author\/barath-raghavan\/\"> Barath Raghavan <\/a> <a class=\"post-item__author-link\" href=\"https:\/\/cyberscoop.com\/author\/bruce-schneier\/\"> Bruce Schneier <\/a> <\/span> <\/div>\n<p><!-- .byline --> <\/header>\n<p><!-- .post-item__meta --> <\/article>\n<\/p><\/div>\n<\/p><\/div>\n<p><!-- .popular-stories__stories --> <\/div>\n<p><!-- .popular-stories__inner -->\n<\/div>\n<p><!-- .popular-stories --> <\/p>\n<section class=\"latest-podcasts\">\n<h2 class=\"latest-podcasts__title\"> Latest 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