On December 3, the CFPB announced a proposed rule to enhance oversight of data brokers that handle consumers’ sensitive personal and financial information. The proposed rule would amend Regulation V, which implements the Fair Credit Reporting Act (FCRA), to require data brokers to comply with credit bureau-style regulations under FCRA if they sell income data or certain other financial information on consumers, regardless of its end use.
About
Max is an associate in the Finance & Bankruptcy Practice Group in the firm’s Orange County office.
Latest Post
More Posts
Fifth Circuit Overturns OFAC Sanctions on Blockchain-based Privacy Technology
Federal Reserve Board Penalizes Two Banks for Compliance Deficiencies
New CFPB Larger Participant Rule Boosts Oversight of Major Digital Payment Providers
Federal Court Denies Request to Delay CFPB’s Small Business Lending Rule as Compliance Deadlines Approach
CFPB Report Highlights Financial Data Protection Challenges
CFPB Hits Telecom Giant with Fines for Alleged Exploitation of Incarcerated Consumers
Debt Collectors Push Back: Trade Group Sues CFPB Over New Medical Debt Collection Rules
CFPB Penalizes Major Credit Union for Mishandled Online Banking Program Rollout
California DFPI Rolls Out Registration Requirements for Debt Settlement, EWA, and Student Loan Relief Providers
About
Max is an associate in the Finance & Bankruptcy Practice Group in the firm’s Orange County office.