Trump administration scraps Biden-era plan to limit sale of Americans' personal data

The agency also yanked proposals that sought to extend consumer protections to the use of new digital payment technologies including cryptocurrency, and that would have prohibited certain terms in the fine print in consumer finance products. In a statement, Consumer Reports said the withdrawal of the data broker proposal would leave consumers "vulnerable to scams and identity theft." President Donald Trump's administration has moved this year to decimate the CFPB, initially seeking to shut it down entirely and subsequently saying it can meet its legal obligations with about 10% of its current staff.