The CFPB extended the comment deadline on a request for information on (i) the business practices of data brokers and (ii) the collection and sale of consumer information. The new comment deadline is July 15, 2023.
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The CFPB is seeking comment on the business practices of data brokers and the collection and sale of consumer information.
House Financial Services Committee Chair Maxine Waters (D-CA) vowed action against Equifax following news reports accusing the credit bureau of providing inaccurate credit reports.
A CFPB advisory opinion on the obligations of consumer reporting agencies and consumer report users under the Fair Credit Reporting Act ("FCRA") became effective July 12th.
The CFPB reminded companies of their obligation to only use and share consumer credit reports and background reports when they have a "permissible purpose."