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Data brokers can keep selling your social security number, says new CFPB chief | Treasury Secretary Bessent is under scrutiny after Elon Musk’s DOGE reportedly accessed US payment system
Bessent, a former hedge fund manager, reportedly “shut down” the CFPB.
That could mean the agency won’t move forward with a pending rule, set to go into effect March 3rd, that would’ve forbidden data brokers from selling sensitive personal information, including Social Security numbers. The news comes as Bessent, who Trump named Treasury Secretary last week, is under scrutiny over his role in reportedly allowing Elon Musk’s Department of Government Efficiency (DOGE) to access the US federal payment system. Bessent, a former hedge fund manager, says he looks “forward to working with the CFPB to advance President Trump’s agenda to lower costs for the American people and accelerate economic growth.”
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