Under the proposal, the CFPB is considering rewriting exemptions in the FCRA for medical debt, said a senior CFPB official. The CFPB kicked off the rulemaking by issuing a small business outline of ...

“While Congress and regulators must do more to protect our privacy, the CFPB will be taking steps to use the Fair Credit Reporting Act to combat misuse and abuse of personal data on background ...

With Circular 2024-06, the CFPB reminded employers of their obligations under the FCRA when using consumer reports, background dossiers, or algorithmic scores for employment decisions, as well as ...

Overall, the CFPB alleges that Experian's practices violated the Fair Credit Reporting Act (FCRA) and the Consumer Financial Protection Act (CFPA), both of which are designed to protect consumers ...

The rule, proposed in December, sought to treat data brokers as consumer reporting agencies under the Fair Credit Reporting Act (FCRA), subjecting them to additional requirements.

The CFPB's proposed rule would require data brokers to be subject to the same requirements as credit bureaus and background check companies pursuant to the Fair Credit Reporting Act. Any sale of ...

“The CFPB’s proposed rule will curtail these practices that threaten our personal safety and undermine America’s national security.” Passed in 1970 as the first US privacy law, the FCRA ...

The CFPB also revealed in the agenda that it is exploring whether or not Regulation V — which implements the Fair Credit Reporting Act (FCRA) — requires any amendments. Initial pre-rule action ...

To achieve this, the CFPB’s rule would classify data brokers as “consumer reporting agencies” and require them to comply with the Fair Credit Reporting Act (FCRA). “By selling our most ...

The Federal Trade Commission (FTC) was the sole enforcer of the FCRA until the Dodd-Frank Act created the Consumer Financial Protection Bureau (CFPB), which formerly began operations in 2011.