CONSUMER FINANCIAL PROTECTION BUREAU ISSUES PROPOSED RULE: PROTECTING AMERICANS FROM HARMFUL DATA BROKER PRACTICES (REGULATION V); WITHDRAWAL OF PROPOSED RULE

WASHINGTON, May 15 -- Consumer Financial Protection Bureau has issued a proposed rule called: Protecting Americans From Harmful Data Broker Practices (Regulation V); Withdrawal of Proposed Rule.

The proposed rule was published in the Federal Register on May 15 by Russell Vought, Acting Director, Consumer Financial Protection Bureau.

Summary: 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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