Protecting Sensitive Financial Information From Data Brokers is a Crucial Government Responsibility
The U.S. Consumer Financial Protection Bureau is at risk of being eliminated, along with its proposals to bring data brokers under the same rules that govern credit bureaus. Relaxing financial regulations exposes consumers to risks from the buying and selling of their sensitive financial data, including fraud and blackmail by bad actors. To safeguard consumers and prevent a repeat of the 2008 financial collapse, government’s role in financial regulation is crucial.