Starting this June, the first tier of small business lenders will begin collecting certain data to report to the Consumer Financial Protection Bureau under Rule 1071, issued pursuant to Section ...

The Consumer Financial Protection Bureau plans to rescind a number of Biden-era proposals in its latest regulatory retreat, ...

The bureau said that the 1071 rule promulgated under former CFPB Director Rohit Chopra "significantly expanded the data reporting categories specified by Congress and has been subject to criticism ...

The Consumer Financial Protection Bureau (CFPB) is withdrawing a Biden-era proposal that sought to rein in the sale of Americans’ personal information by data brokers. In a federal ...

On May 6, the U.S. District Court for the Southern District of Florida granted a plaintiff’s unopposed motion to stay the CFPB’s Section 1071 final rule and toll the rule’s compliance deadlines.

The scrapping of the data broker rule follows President Donald Trump's recent signing of congressional resolutions rolling back two Biden-era CFPB rules. The rules had extended consumer ...

The Consumer Financial Protection Bureau (CFPB) has pulled back a draft privacy rule that would have required businesses to take more steps before selling consumers’ financial and personal data. The ...

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The Consumer Financial Protection Bureau is set to withdraw a Biden-era rule aimed at cracking down on data brokers and their selling of Americans’ personal and financial information. In a notice in ...

By scrapping it, the CFPB has left consumers to continue navigating an unregulated data economy on their own.

The Consumer Financial Protection Bureau plans to eliminate a Biden-era public registry for nonbank companies found liable of ...