CFPB Director Rohit Chopra claimed the proposed rule targets those who sell sensitive personal data without consent, highlighting threats of scamming and stalking.
Senator Ron Wyden emphasized that the proposed CFPB rule addresses a loophole allowing data brokers to sell personal data, jeopardizing national security by exposing sensitive information.
Consumer advocacy groups warn that the incoming Trump administration could substantially weaken the CFPB’s powers and funding, risking consumer protection established after the 2008 crisis.
Trump's administration is likely to change the CFPB’s structure and authority significantly, impacting its ability to act as a consumer watchdog.
Collection
[
|
...
]