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White House scraps plan to block data brokers from selling Americans’ sensitive data
The decision to reverse course comes after an industry lobby group called for the rule change to be withdrawn.
A senior Trump administration official has scrapped a plan that would have blocked data brokers from selling Americans’ personal and financial information, including Social Security numbers. Data brokers are part of a multibillion-dollar industry of companies that profit from collecting and selling access to vast amounts of Americans’ personal and financial information. The decision by CFPB to cancel the rule comes days after the Financial Technology Association, an industry lobby group representing banking and fintech companies, wrote to Vought in his capacity as the White House’s budget director.
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