CFPB Proposes Rule to Crack Down on Data Brokerage
KEY TAKEAWAYS The Consumer Financial Protection Bureau proposed a rule that would clarify and limit how data brokers can use consumers' financial data.More data brokers have emerged that collect and sell sensitive and private information about consumers,
The Implications of the CFPB’s Proposed Rule on Data Brokers for Third Party Originators
The CFPB’s proposed rule to regulate data brokers as consumer reporting agencies under the FCRA could reshape how third-party originators access and use consumer data. With stricter compliance requirements,
CFPB proposal would subject data brokers to FCRA rules
The Consumer Financial Protection Bureau issued a proposal to protect consumer data privacy and categorize data brokers that sell sensitive consumer data as "consumer reporting agencies" under the Fair Credit Reporting Act,
CFPB Aims to Regulate Data Brokers Selling Personal Info
If finalized, the proposed rule would have the federal agency treating data broker sales of a person’s credit history, credit score, debt payments, or income as credit report sales subject to the Fair Credit Reporting Act.
Proposed CFPB rule would attempt to rein in data broker buying, selling
Data brokers have been getting away with selling Americans' personal and financial data, an illegal practice that a new rule proposed by the Consumer Financial Protection Bureau will intend to stop, CFPB Director Rohit Chopra said.
CFPB proposes restrictions on sales of consumer information by data brokers
The consumer finance watchdog said it wants to ensure that sensitive personal data is shared only for ”legitimate purposes.”
Data Broker Sales of Consumer Information Targeted in CFPB Plan
Data brokers would face limits on selling Americans’ personal and financial records, including information about military personnel and data that could be used for advertising, under a new federal rule.
US agency proposes new rule blocking data brokers from selling Americans’ sensitive personal data
The U.S. consumer protection agency said it's closing the loophole to block the "widespread evasion" of federal law by data brokers.
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Consumer Financial Protection Bureau Proposes Rule to Regulate Data Brokers Under Fair Credit Reporting Act
The Consumer Financial Protection Bureau (CFPB) today announced a proposed new rule that all data brokers be regulated under the 1970 Fair ...
Social Security Number Rules May Change
The Consumer Financial Protection Bureau (CFPB) has proposed a new rule to stop Social Security numbers and other sensitive ...
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Why Rules On Data Scammers and Credit Card Fees May Be the Consumer Financial Protection Bureau’s Swansong
The CFPB’s new rule, explained in an agency blog post, underscores that data brokers are “consumer reporting agencies” ...
US plan to protect consumers from data brokers faces dim future under Trump
"Unfortunately, it will be up to Trump's CFPB to finalize this proposed rule, and he and his billionaire donors are intent on ...