The Consumer Financial Protection Bureau is fulfilling statutory work obligations while carrying out the Trump administration’s plan to streamline operations, DOJ said in a filing Monday.
Privacy Daily is providing readers with the top stories from last week, in case you missed them. All articles can be found by searching on the title or by clicking on the hyperlinked reference number.
The Consumer Financial Protection Bureau violated federal privacy law by allowing Elon Musk and his associates access to sensitive data, and the Trump administration is violating the law by halting work at the agency, a federal employee union said in two lawsuits filed Sunday.
Treasury Secretary Scott Bessent will serve as acting director of the Consumer Financial Protection Bureau, the agency announced Monday. CFPB has key privacy authority under the Gramm-Leach-Bliley Act (GLBA). Capitol Hill Republicans told us in recent interviews they plan to use budget negotiations to rein in the agency's cost and scope.
States should include a private right of action in their comprehensive privacy laws, the Consumer Financial Protection Bureau said Tuesday.
Privacy Daily is providing readers with the top stories from last week, in case you missed them. All articles can be found by searching on the title or by clicking on the hyperlinked reference number.
Colorado will step in if the federal government pulls back on privacy enforcement under the second Trump administration, the state’s AG Phil Weiser (D) told Privacy Daily. In an interview, he said privacy will continue to be a priority for the state in 2025, with Weiser hoping to raise awareness with businesses and consumers about their duties and rights under the Colorado Privacy Act (CPA).
Comments are due April 11 on the Consumer Financial Protection Bureau’s inquiry into how consumer financial services companies collect, share and abuse user data gathered from digital payment services, the agency said Friday.
The Consumer Financial Protection Bureau will recognize the Financial Data Exchange as a standard-setting body under the Personal Financial Data Rights rule, the CFPB said Wednesday.
Congress and the Trump administration should consider X platform owner Elon Musk’s unconventional ideas, including possibly shuttering the Consumer Financial Protection Bureau, Senate Republicans told us in December.