Alabama officially joined the data breach notification party last month when the state’s governor signed a data breach notification law that will take effect on June 1, 2018. ...more
Appearing before the House Financial Services Committee Tuesday at a hearing entitled “The Annual Report of the Financial Stability Oversight Council” (FSOC), Treasury Secretary Mnuchin indicated that he intends to discuss...more
2/8/2018
/ Consumer Financial Protection Bureau (CFPB) ,
Credit Reporting Agencies ,
Cyber Attacks ,
Data Breach ,
Enforcement Actions ,
Equifax ,
Financial Services Industry ,
FSOC ,
Government Investigations ,
Hackers ,
Personally Identifiable Information ,
Popular ,
Regulatory Agenda
In a letter to Leandra English and Mick Mulvaney, Senator Elizabeth Warren calls the freeze imposed by Mr. Mulvaney on the CFPB’s collection of personally identifiable information (PII) “unjustified.” (Not surprisingly,...more
We have previously blogged about reports that Mick Mulvaney, President Trump’s designee as CFPB Acting Director, has put a 30-day freeze on all regulatory action, CFPB hiring, and new enforcement cases. ...more
12/7/2017
/ Administrative Agencies ,
Administrative Appointments ,
Banking Sector ,
Civil Penalty Fund ,
Consumer Financial Protection Bureau (CFPB) ,
Data Collection ,
Enforcement Actions ,
Financial Regulatory Reform ,
Payday Loans ,
Personally Identifiable Information ,
Presidential Appointments ,
Regulatory Freeze ,
Trump Administration
On May 24, 2017, the FTC will hold a daylong conference on identity theft in Washington, D.C.
The conference, “Planning for the Future,” will include panel discussions about how identity thieves acquire and use consumer...more
The CFPB has released a report for FY 2015 prepared by KPMG LLP of its independent audit of selected CFPB operations and budget. An annual independent audit is required by the Dodd-Frank Act. The report dated December 18,...more
The CFPB, together with the DOJ, has filed a second amicus brief in Spokeo, Inc. v. Robins, the case pending before the U.S. Supreme Court in which the issue is whether a plaintiff who cannot show any actual harm from a...more
9/14/2015
/ Amicus Briefs ,
Article III ,
Certiorari ,
Class Action ,
Consumer Financial Protection Bureau (CFPB) ,
Defamation ,
Department of Justice (DOJ) ,
Fair Credit Reporting Act (FCRA) ,
Injury-in-Fact ,
Motion to Dismiss ,
Obama Administration ,
Online Platforms ,
Online Reputation ,
Personally Identifiable Information ,
SCOTUS ,
Solicitor General ,
Spokeo ,
Spokeo v Robins ,
Standing ,
Statutory Damages ,
Websites
Since our last blog post about the OIG’s work plan, the work plan has been updated as of August 7, 2015 to add four new projects. A newly added ongoing project is a “Security Control Review of the CFPB’s SQL Environment.” (An...more
The CFPB has republished in yesterday's Federal Register a proposed new information collection titled “Development of Metrics to Measure Financial Well-being of Working-age and Older American Consumers.” The proposed...more
The CFPB recently sent 49-pages of responses to questions about the CFPB’s data collection activities asked by members of the House Financial Services Committee in connection with the appearance of Steven Antonakes, CFPB...more
The CFPB has proposed a new generic information collection clearance for its consumer complaint system and a new information collection related to its financial literacy initiatives....more
It appears Senator Mike Crapo, Ranking Member of the Senate Banking Committee, was not satisfied by CFPB Director Cordray’s letter to him responding to Senator Crapo’s questions about the CFPB’s data collection activities....more
The U.S. Senate, by unanimous consent, has passed a bill previously approved by the House of Representatives (H.R. 4014) that amends the Federal Deposit Insurance Act to provide protection against waiver of the...more
The CFPB announced that it has begun sharing consumer complaints with state regulators via a “secure channel that protects the confidentiality of personally identifiable information.”...more