Sen. Gallego: CFPB Should Reconsider Withdrawal of Data Broker Rule
The Consumer Financial Protection Bureau should reconsider withdrawing its proposed data broker rule given the privacy-related harms linked to data brokers, Sen. Ruben Gallego, D-Ariz., said in a letter to acting Director Russell Vought on Friday.
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The CFPB announced the withdrawal in a Thursday Federal Register notice (see 2505140033). The agency didn’t comment Monday.
“Americans’ most personal information, including real-time location data, private affiliations, and financial records, is being collected, repackaged, and sold without their knowledge or consent,” Gallego wrote. “Data brokers make this intimate personal information available for sale on the open market, exposing individuals to scams, surveillance, threats, and reputational harm at the hands of bad actors.”