Proposed Rule 15 May 2025 compliance, consumer financial protection bureau, consumer rights, regulation v, data broker practices

❌CFPB Withdraws Proposed Rule on Data Broker Practices

The Consumer Financial Protection Bureau (Bureau or CFPB) is withdrawing its Notice of Proposed Rule: Protecting Americans from Harmful Data Broker Practices (Regulation V) (NPRM). The Bureau has determined that legislative rulemaking is not necessary or appropriate at this time to address the subject matter of the NPRM. The Bureau will not take any further action on the NPRM.

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