CFPB · Proposed Rule; Withdrawal FR Doc. 2025-08644 · Published

CFPB Withdraws Proposed Rule on Harmful Data Broker Practices (Regulation V)

The CFPB withdrew its December 2024 proposed rule that would have applied FCRA definitions of consumer report and consumer reporting agency to data brokers, and it will take no further action on it. The withdrawal creates no new lender obligations.

InformationalEffective May 15, 2025All checks passedRead the withdrawal ↗ (opens in a new tab)

Loan impact

From the withdrawal text · verified

Applies to: No loans are affected; the document withdraws a proposed rule and imposes no requirement on lenders.

Effective
May 15, 2025
Applicability confidence
Verified: every row above is supported by the source text

What to do

AWACS interpretation · not source language

What to review: No change is mandatory: the CFPB withdrew its December 2024 proposed rule on data brokers as of May 15, 2025, so lenders may simply note that it creates no new lender obligations and that the CFPB will take no further action on it.

Source and record

Version 1 · archived

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