Data Brokers Can Keep Selling Your Social Security Number, Says New Cfpb Chief

Treasure Secretary Scott Bessent has been named nan Acting Director of nan Consumer Financial Protection Bureau (CFPB), nan bureau announced today. Bessent quickly instructed nan agency to “to extremity each rulemaking, communications, litigation, and different activities,” reports Bloomberg Law.

A guidelines incorrect nan CFPB told Bloomberg Law that his bid “appeared to unopen down nan CFPB altogether for nan clip being.” If that’s true, it could mean nan bureau nary longer plans to move guardant pinch a pending norm group to spell into effect March 3rd that would forbid accusation brokers from trading delicate individual information, including Social Security numbers. The CFPB did not instantly respond to The Verge’s petition for comment.

The news comes arsenic Bessent, who Trump named Treasury Secretary past week, is nether scrutiny complete his domiciled successful reportedly allowing Elon Musk’s Department of Government Efficiency (DOGE) to entree nan US nationalist costs system. Massachusetts Senator Elizabeth Warren sent him a missive looking for an mentation arsenic to why he fto that happen.

Bessent, a erstwhile hedge money manager, says he looks “forward to moving pinch nan CFPB to beforehand President Trump’s schedule to small costs for nan American group and accelerate economical growth.”