Epic Publishes Resources On Cfpb Data Broker Rulemaking Epic

Epic Publishes Resources On Cfpb Data Broker Rulemaking Epic Epic publishes resources on cfpb data broker rulemaking june 28, 2024 as the consumer financial protection bureau considers adopting new rules under the fair credit reporting act, epic is publishing a series of resources about the rulemaking process and the urgent need to crack down on data brokers through the fcra. In epic’s comments to the cfpb in july 2023, we urged the cfpb to presumptively recognize all data brokers as consumer reporting agencies (cras) unless data brokers demonstrate that they undertake reasonable measures to prevent the data they collect and sell from being used for any of the enumerated purposes under the fcra. data brokers.

The Cfpb Moves Ahead With Fcra Rulemaking To Rein In Data Brokers The following is an evolving collection of primers on some of the key issues at at play in the cfpb’s fcra rulemaking: data broker threats: national security (may 2024) fcra rulemaking: a path to reining in data brokers (june 2024) fcra rulemaking: key proposals (june 2024) epic’s work. data brokers threaten national security. In march 2023, the cfpb issued a request for information (rfi) about business models that collect and sell consumer data, such as data brokers, data aggregators, and platforms. while neither director chopra nor the faqs clearly indicate what is meant by the term “data broker,” the cfpb used the term “data broker” in the rfi to describe. August 15, 2023 — press release epic, demand progress, just futures law, and the national consumer law center support consumer financial protection bureau (cfpb) director rohit chopra’s announcement that the agency will use its rulemaking authority under the fair credit reporting act (fcra) to address the rampant harm data brokers are causing to the public. At an august 15, 2023, white house roundtable, consumer financial protection bureau (cfpb) director rohit chopra announced plans to issue rules that would extend the fair credit reporting act (fcra) to certain “data broker practices.”. this announcement and a concurrently issued fact sheet come on the heels of a march 2023 cfpb inquiry in.

Cfpb Begins Rulemaking To Strengthen Personal Financial Data Rights August 15, 2023 — press release epic, demand progress, just futures law, and the national consumer law center support consumer financial protection bureau (cfpb) director rohit chopra’s announcement that the agency will use its rulemaking authority under the fair credit reporting act (fcra) to address the rampant harm data brokers are causing to the public. At an august 15, 2023, white house roundtable, consumer financial protection bureau (cfpb) director rohit chopra announced plans to issue rules that would extend the fair credit reporting act (fcra) to certain “data broker practices.”. this announcement and a concurrently issued fact sheet come on the heels of a march 2023 cfpb inquiry in. Cfpb finalizes strong personal financial data rights rule with data minimization requirements october 24, 2024. the consumer financial protection bureau has finalized new regulations to implement section 1033 of the dodd frank act. The cfpb's proposed rulemaking follows its march 2023 public inquiry into data brokers, discussed here. according to the cfpb, "many of the more than 7,000 responses echo the same concerns raised by congress that the fcra was originally designed to address.".

Epic Praises Cfpb S Personal Financial Data Rights Rule Suggests Cfpb finalizes strong personal financial data rights rule with data minimization requirements october 24, 2024. the consumer financial protection bureau has finalized new regulations to implement section 1033 of the dodd frank act. The cfpb's proposed rulemaking follows its march 2023 public inquiry into data brokers, discussed here. according to the cfpb, "many of the more than 7,000 responses echo the same concerns raised by congress that the fcra was originally designed to address.".