The Consumer Financial Protection Bureau (CFPB) has released a report addressing challenges in financial data protection, emphasizing the need for enhanced consumer protection measures. The report highlights the complexities surrounding the safeguarding of financial data in light of state privacy law exceptions. Additionally, the CFPB's director has called for Congressional action to reform the federal deposit insurance system, indicating a significant shift in regulatory focus. This comes amidst broader discussions on privacy regulations, including California's new data broker regulations and ongoing trends in children's online privacy legislation across various states.