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.
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."
The CFPB intends to issue a proposed rulemaking this year on "consumer-authorized access to financial records."