The CFPB warned student loan servicers against attempting to collect on private student loans that had been discharged in bankruptcy.
News & Insights
The SEC proposed amendments to regulations on consumer financial privacy and information safeguards that would, among other things, require firms to implement written incident response plans and provide data breach notifications to customers.
FINRA provided an update of its targeted exam (sweep) focusing on the social media practices firms use to acquire new customers and firms’ privacy notices with respect to customer nonpublic information.
House Financial Services Committee Chair Patrick McHenry (R-NC) introduced the Data Privacy Act of 2023. The bill would amend the Gramm-Leach-Bliley Act to give consumers more control over how financial institutions utilize their personal data.
Comments on the SEC's proposal to amend several procedural provisions within the regulations promulgated under the Privacy Act of 1974, as amended, are due by April 17, 2023.