Nofziger Comments Of CFPB Data Broker Crackdown

Dustin Nofziger, counsel at Pryor Cashman, also notes that the data brokers will have legal ammunition to fight back given the current precarious state of the CFPB: "The ability of the CFPB to promulgate new rules or to enforce its existing rules is in serious question, with the Supreme Court to consider the constitutionality of the CFPB's unique funding scheme this term. While the constitutional issue is outstanding, data brokers can be expected to vigorously challenge any CFPB efforts to impose new rules upon the industry."